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Buying Too Far Under Book Value... (archive)
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Posted by EMVY on April 30, 2001 at 08:24:38:

In Reply to: They may follow up if it's "too off" blue book.(m) posted by MNM3/4 on April 30, 2001 at 00:22:48:

A friend of mine bought a 97 Grand Cherokee for five thousand under the book value. The state (Pennsylvania) called him for questioning and sent him a bill for the tax due on $5000.



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