I am thinking about trading my vette with someone for a different car, how do you go about as far as registering and paying taxes? I would actually get the guys car plus money on top, do I still have to pay taxes even though I am not spending any money? I know you are supposed to fill in how much you paid for the car and have a bill of sale but I would not be paying anything for it, just not sure how that works.
btw this is the car:
