Dealer - taxes, title, registration

[krww06]

My understanding is it's a state by state law. For example, I've ordered a vehicle from Texas and they are required by law to collect the excise taxes at the time of delivery. They will then forward said payment to the state of OK, at least I hope. Not sure how other states work, but I would definitely find out before ordering from an out-of-state dealer, just so you lessen the likelihood of giving the dealer anything extra that you didn't need to.

 

[MPRaptor]

Dis u pay cash or finance? Did you (usually at dealer suggestion) roll “taxes, license, registration, etc” into your financing? Stealership May issue refund check, but if they don’t adjust financing they are pimping u every month just a little, seems to me. Maybe I’m wrong, someone more knowledgeable could correct me.

 

[NJ2020]

Dis u pay cash or finance? Did you (usually at dealer suggestion) roll “taxes, license, registration, etc” into your financing? Stealership May issue refund check, but if they don’t adjust financing they are pimping u every month just a little, seems to me. Maybe I’m wrong, someone more knowledgeable could correct me.

My rough math and what I would call significant overage of $2k would probably net the dealer $20. And that’s assuming you don’t refi immediately, in that case they made $0.

Your lender might make an additional $200 over 5 years in interest. But that would actually be doing you a favor given current inflation. And this is assuming you don’t take the $2k overage check and apply to the loan.

 

[chrisuhl797]

I've had the same thing happen. Probably 5% of the buyers go back and review the contract, or even know what the state tax rate is. They're making a pretty good profit on a so called "mistake". The F&I people (finance and insurance) have a bunch of very common scams they utilize in the car business to up their bottom line. This is one of them.

Taxes and plate fees are highly regulated and reviewed by the accounting department of the dealership and the state taxing authority. I can guarantee if you overpaid taxes or plates you will definitely get a refund check.

 

[Bullet Bob]

Taxes and plate fees are highly regulated and reviewed by the accounting department of the dealership and the state taxing authority. I can guarantee if you overpaid taxes or plates you will definitely get a refund check.

Not to differ with you Chris, but I can't agree with that. Here's why. I bought my wife a new Hyundai a while back. The dealership over estimated the payoff of my trade-in by over $100. I reviewed the contract and brought it to the F&I manager's attention. They said they'd refund the difference. Still waiting...
I've bought over 125 cars in my lifetime. (I'm not a dealer) I've caught at least a third of the dealerships goof up the numbers on the contract, always to their advantage. At one very large dealership in Baltimore Md., I tore up the contract 4 times due to their persistent cheating.
My son went there about a year later. I warned him ahead of time. Upon reviewing his contract, they cheated him almost $1000.

 

[chrisuhl797]

Not to differ with you Chris, but I can't agree with that. Here's why. I bought my wife a new Hyundai a while back. The dealership over estimated the payoff of my trade-in by over $100. I reviewed the contract and brought it to the F&I manager's attention. They said they'd refund the difference. Still waiting...
I've bought over 125 cars in my lifetime. (I'm not a dealer) I've caught at least a third of the dealerships goof up the numbers on the contract, always to their advantage. At one very large dealership in Baltimore Md., I tore up the contract 4 times due to their persistent cheating.
My son went there about a year later. I warned him ahead of time. Upon reviewing his contract, they cheated him almost $1000.

Why would you ever go back to a thief. I would call the attorney general office and report it. The AG loves to take car dealers to court. In a normal car dealership $100 is added to the payoff and a check for that amount is sent to the bank. The bank being overpaid then returns the overpayment.

 

[Bullet Bob]

Why would you ever go back to a thief.

I didn't, my son did. They had the truck he wanted. My words to him were... Caveat Emptor.

In a normal car dealership $100 is added to the payoff and a check for that amount is sent to the bank.

Normal?
With over 100 vehicle purchases under my belt, that only happened once. When I pointed it out, the F&I guy said that it was a mistake.