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Affidavit of Total Consideration Given for a Motor Vehicle - Kentucky ... 2025

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The document is an affidavit form used in Kentucky for declaring the total consideration given for a motor vehicle purchase. It includes sections for seller and buyer information, vehicle identification, trade-in details, and legal declarations regarding the accuracy of the information provided. The form emphasizes the importance of accurately reporting the total consideration to avoid legal penalties.

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Versions	Form popularity	Fillable & printable
2016	4.8 Satisfied (184 Votes)
2006	4.2 Satisfied (60 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What fees make up TTL?

At some dealerships, the out-the-door costs are abbreviated as TTL fees or tax, title and license. This means that, in addition to the price of the car, you typically have to pay the following costs: State and local sales tax. Department of Motor Vehicles title and registration fees.

Do I have to pay taxes on a car I dont have anymore in KY?

If you no longer have a vehicle that you used to own, to avoid having to pay FUTURE taxes on that vehicle you must surrender the title to the County Clerk.

How much are the estimated tax, title, and license fees in Kentucky?

Kentucky DMV fees are about $397 on a $39750 vehicle based on a $21 registration fee plus a $39 title fee plus a yearly property tax that varies by county. View the Kentucky state and local ad valorem fee schedule to verify your exact amount, and use the DMV Override to adjust the calculator.

How much does it cost to transfer a title to Kentucky?

All fees including a $9 Motor Vehicle Title Application, notary fees (if applicable), plate fees (if applicable) and sales or usage taxes are due at the time of transfer. Usage tax is based on 6% of purchase price when using a Total Consideration Affidavit. If not, the vehicle is taxed on 6% of the NADA retail value.

How much is a tax title and license in Kentucky?

Fees Kentucky Title Fee:$9.00 Notary Fee: $2.00 The title is mailed to the owner by the Kentucky Transportation Cabinet, Title Branch, Frankfort, KY 40601. Expect the title in about 4-6 weeks. Yearly Renewal Registration Fee: $21.00 Usage Tax: 6% of retail price (See Usage Tax description above) Sheriff Inspection Fee: $5.00

affidavit for vehicle registration

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What is a total consideration affidavit in Kentucky?

*Total consideration given includes cash, the amount financed, and the value, in money, of other items (boats, trailers, guns, etc.) at the time of purchase or at a later date, including consideration given for all equipment and accessories, standard and. optional.

How much will my car taxes be in KY?

A 6% motor vehicle usage tax is levied upon the retail price of vehicles transferred in Kentucky. On used vehicles, the usage tax is 6% of the current average retail as listed in the NDA Used Car Guide or 6% of the total consideration paid.

Do you have to pay taxes on a gifted car in Kentucky?

In the case of vehicles brought into Kentucky by new residents, the taxable value is the average trade-in value as listed in the NADA Official Used Car Guide. If a vehicle is given as a gift then the taxable value is the average trade-in value as listed in the NADA Official Used Car Guide.