Not at all. They give you a 30 day temp plate, I drove it around on that, then transferred the plates. Only difference is instead of paying the full sales tax at delivery, I paid 6% Michigan sales tax (on the net price after the trade in) and paid the other 2.75% to the NY DMV when I registered the car.
Ive been told dealers give you the price your car would sell at auction since they dont want to hold on to it for more than 30days, if its not sold to someone it goes to auction.
I bought my RR in NJ. If the dealership is competent (IMO) you’ll never need to go to the DMV in NY. I signed my documents, drove away with a temp plate. Later in the mail I was send all my documents and plates. Easy peasy.
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This shouldn’t have happened, unless there is some special MI rule. They probably just didn’t want to deal with paying the tax to NY.
Seems like the used car market is a lot stronger in the jersey/philly area than here. I have two appointments this week with local dealers, if it doesn’t work out ill prob go that route.
I drove out there to pick it up on a Saturday afternoon when the dealership was closed, my salesman came in by himself to close the deal. I told them I’d settle up at the NY DMV rather than hang out in Detroit for the weekend.
I think that’s just how it works in MI. Same thing when I bought my Expedition there. Paid their sales tax then paid the difference when I reg’d in NY. Didn’t matter to me with no trade because it was still the same sales tax amount either way.
When I bought the GTO in NC and the VW in OH I didn’t pay any sales tax in those states and simply paid all the NY sales tax at the time of registration. With the GTO there was no trade but on the VW there was. Still only had to pay sales tax on the price of the VW minus the trade in value.
Daily allows you to spot trends. He’s trading it in TODAY, not 6 months from now. So what it’s worth 6 months from now doesn’t matter.
The whole " a convertible is worth more in the summer" is actually the opposite. Dealers buy cars with the expectation to sell them in 90 days. People buy convertibles in March. Not August. I’m also not afraid to buy the right car in January, to sit on it for 120 days. I don’t want a Durango sitting around for 120 days, but I’m okay with doing it on a Corvette.
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That’s really strange that happened. Was their a lien/lease that needed to be recorded?
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Dealers give you what they can at auction, because that’s what they can buy them for. Why am I going to buy a PS4 @ Target for $399 when Walmart sells them for $329? 30 days is unrealistic. Some dealers have 45 day turns, others 90 and some none. It’s an internal decision/process. 30 days is tough, by the time you recondition, detail, picture and get the car on the internet - 5 days are already gone.
So just bought a 2015 ats 3.6 premium…Dealer gave us what we asked for the trade and is even working with me to buy the wheels and tires off of the cts were trading in so that I can upgrade the G8…thanks for all the input. This dealer took into account kbb and Nada…
There was but I had my own financing. I was told Michigan will not issue an in-transit plate until they get their 6% unless a million conditions were met.
KBB for me is useless, I ignore it completely.
NADA is a very close guide most of the time becuase it is what banks and insurance companies use for value.
Black Book is the auction averages.
I typically use NADA and know that cars often sell at auction for about $1000 under trade. Not always 100% accurate, but close.
Next time finance at the dealer(since they make money there), do not negotiate the rate, take a higher rate but negotiate a better price on the car/trade, then get flooded with refinance offers…
Boom. That’s our starting point. NADA is all we use. But RV’s suck to appraise cause you usually don’t get to see them before you quote a trade in value. Plus people can end up buried by $40k so you need to do some serious numbers games to make a deal. And people shit in them. So no matter how disgusting a car can be there are RV’s that are 100x worse and the people still say they are great. Oh and they all leak water too.