Posts Tagged ‘New Car’
srikondoji asked:
Hey,
I am in very peculiar situation.
5 years ago when i was NH resident, i bought new car from the dealer in MA. The dealer then didn’t tax me as i was going to register my car in NH. NH didn’t collect any sales tax as there is no such thing in NH and got my registration done. However, 3 months ago i moved to MA and tried to register my vehicle.
MA is now asking me to pay the salestax at the original purchase price and penalty for all these 5 years. I don’t know what i should do now.
If there are anyone who faced similar situation?
What is the solution?
Thanks
sri
Hey,
I am in very peculiar situation.
5 years ago when i was NH resident, i bought new car from the dealer in MA. The dealer then didn’t tax me as i was going to register my car in NH. NH didn’t collect any sales tax as there is no such thing in NH and got my registration done. However, 3 months ago i moved to MA and tried to register my vehicle.
MA is now asking me to pay the salestax at the original purchase price and penalty for all these 5 years. I don’t know what i should do now.
If there are anyone who faced similar situation?
What is the solution?
Thanks
sri
Chris asked:
I recently totaled my Lexus LX470 (other driver at fault) and am waiting for insurance to check out the vehicle (not declared totaled yet, but very clear that it is). My car had an agreed upon value of $26,000 and I am going to soon buy a new car. When I purchase the new car, will I have to pay sales tax, title fees, etc? Is the sales tax that I have to pay assumed to be included in my $26000 settlement or will I have to later seek reimbursement for my title, tax, and licensing? I live in Pennsylvania, insurance is Chubb.
Thanks in advance,
Chris
I recently totaled my Lexus LX470 (other driver at fault) and am waiting for insurance to check out the vehicle (not declared totaled yet, but very clear that it is). My car had an agreed upon value of $26,000 and I am going to soon buy a new car. When I purchase the new car, will I have to pay sales tax, title fees, etc? Is the sales tax that I have to pay assumed to be included in my $26000 settlement or will I have to later seek reimbursement for my title, tax, and licensing? I live in Pennsylvania, insurance is Chubb.
Thanks in advance,
Chris
metzie asked:
My wife Totaled her car on her way to work and I lost my job. Does anyone in Western New York have a used car for sale in that price range?
My wife Totaled her car on her way to work and I lost my job. Does anyone in Western New York have a used car for sale in that price range?
JSmith asked:
the car is in my name and my wifes name does she need to be there or will i be sufficient
the car is in my name and my wifes name does she need to be there or will i be sufficient
Julie Davidson asked:
Buying a car, new or used, is a big expenditure. Unfortunately, most people go to the car dealership thinking they have to pay the full sticker price of the car, not realizing there are many ways to save money. It’s also important to know how the dealers make their money on each car sale. Such knowledge will help you get the very best price on your next vehicle.
1) Know how much the car is worth.
Do your homework and research your car choices before attending a new car sale or purchasing a used car. You’ll want to know the true value of the car you wish to buy as well as the value of your current car if you wish to trade it in.
Visit the factory website of the model of car you want to see what the factory list price is for each vehicle. For example, Ford’s website (http://www.ford.com/) offers an online vehicle showroom where you can choose your next new car and pick the price range.
Go to several different dealers and research different deals on the same car before purchasing it. A lot of dealers’ prices will differ on the same make and model. Check out the wealth of information on http://www.carsguide.news.com.au which offers price comparisons on your new or used car as well as tips to help you when you purchase.
The Red Book (http://www.redbookasiapacific.com/au/) is an excellent resource to see how much a used or new car is worth. Car dealers make money by marking up the price, as do private sales. Knowing that a car is unfairly priced will help you to save hundreds, if not thousands of dollars.
2) Get the proper financing.
Car dealers can make a bundle of money selling you more car than you can afford by offering you financing for a longer period of time. You can also expect to pay more for lease options if you’re not careful. Banks and finance companies typically offer a lower interest rate than car dealerships. You can also look into financing from the manufacturer of the car for sale—you’ll pay much less in interest than on a loan from the dealer.
Banks take longer to grant approval than finance companies, which can often approve your loan online in minutes.
Never pay for a new or used car on a credit card, as you’ll be paying lots more in interest rates. One of the very best tactics is to get pre-approved for the purchase of a used or new car at a financing institution before you go car shopping. When you’re shopping, don’t tell the car sales associate. A lot of times the car dealer will cut the price of your car, thinking they’ll make money on the financing later. It will be too late to change the price on the car once they realize you already having financing.
3) Buy at the right time of the month.
Most car salesmen work on commission and get incentives for selling the most cars. By the end of the month they know if they need to up their sales and they’ll be more persuasive and aggressive to get that one last sale. However, you can use this need to sell to your advantage.
Visit a car dealership at the beginning or first of the month for an initial visit, but not to buy. This takes some of the pressure off because the salesmen aren’t going to be as persuasive to have you purchase something you can’t afford or don’t want.
Visit several car dealerships to inspect the assorted car sales and take plenty of notes. Then return to the car dealership of your choice at the end of the month when dealers are eager to make a quick car sale. Chances are you’ll get a great deal on a fantastic new or used car.
4) Forgo the extended warranty and extras.
You don’t need an extended warranty, though the salesman will make you worry and fret until you shell out the extra money to pay for the warranty. Most of the time, if you care for your car properly and maintain it according to the factory specifications you won’t need an extended warranty.
If you really think you should purchase one, wait as long as possible. Most companies allow you to wait until you’re close to the end of your regular warranty to purchase one. By then you’ll know how much maintenance your vehicle needs. If it’s a lemon by nature then an extended warranty might be a good idea in the long run.
You don’t need most of the extras offered, like rust-proofing, paint protection, tinted windows and life insurance. Educate yourself about what you need and what you don’t to keep from paying unnecessary charges.
Verify how much you’re paying for hidden charges such as shipping and preparation charges. Most of the time you can negotiate these charges down in your car sale.
5) Consider Used vs. New
New cars depreciate quickly the first two years of ownership. In fact, expect your $20,000 new car to cost you almost $7,000 in depreciation and interest rates alone (with a 6.9% loan) during that time. When you buy a used car the original owner has already absorbed the depreciation costs, leaving you with a good car that’s worth every penny.
However, the car sale market may be so slow that good deals can be had when buying a new car over a used car. It’s essential to be aware of how much car you can afford to buy and to guard against getting suckered into buying more car than you can afford.
Used Car Purchase Tips:
The uncertainty about a cars history–whether it’s been well taken care of or possibly damaged by an accident–can make some people leery about buying a used car. When buying used, it’s important to look for a car that has been properly maintained and an owner who has the records to prove it.
When buying used consider forgoing the financing and instead buy outright. Financing is a way car dealers to make money off of used car sales. Opting to pay for it in full puts money in your pocket.
Don’t be afraid of high mileage. A car driven by Grandma on weekends could actually have more problems because an idle car usually has problems associated with sitting around, such as plugged lines or rusty breaks. If you’re unsure about buying a used car because you don’t know enough about how cars work, consider spending the money to get a vehicle inspection from a reputable garage.
Buying a car, new or used, is a big expenditure. Unfortunately, most people go to the car dealership thinking they have to pay the full sticker price of the car, not realizing there are many ways to save money. It’s also important to know how the dealers make their money on each car sale. Such knowledge will help you get the very best price on your next vehicle.
1) Know how much the car is worth.
Do your homework and research your car choices before attending a new car sale or purchasing a used car. You’ll want to know the true value of the car you wish to buy as well as the value of your current car if you wish to trade it in.
Visit the factory website of the model of car you want to see what the factory list price is for each vehicle. For example, Ford’s website (http://www.ford.com/) offers an online vehicle showroom where you can choose your next new car and pick the price range.
Go to several different dealers and research different deals on the same car before purchasing it. A lot of dealers’ prices will differ on the same make and model. Check out the wealth of information on http://www.carsguide.news.com.au which offers price comparisons on your new or used car as well as tips to help you when you purchase.
The Red Book (http://www.redbookasiapacific.com/au/) is an excellent resource to see how much a used or new car is worth. Car dealers make money by marking up the price, as do private sales. Knowing that a car is unfairly priced will help you to save hundreds, if not thousands of dollars.
2) Get the proper financing.
Car dealers can make a bundle of money selling you more car than you can afford by offering you financing for a longer period of time. You can also expect to pay more for lease options if you’re not careful. Banks and finance companies typically offer a lower interest rate than car dealerships. You can also look into financing from the manufacturer of the car for sale—you’ll pay much less in interest than on a loan from the dealer.
Banks take longer to grant approval than finance companies, which can often approve your loan online in minutes.
Never pay for a new or used car on a credit card, as you’ll be paying lots more in interest rates. One of the very best tactics is to get pre-approved for the purchase of a used or new car at a financing institution before you go car shopping. When you’re shopping, don’t tell the car sales associate. A lot of times the car dealer will cut the price of your car, thinking they’ll make money on the financing later. It will be too late to change the price on the car once they realize you already having financing.
3) Buy at the right time of the month.
Most car salesmen work on commission and get incentives for selling the most cars. By the end of the month they know if they need to up their sales and they’ll be more persuasive and aggressive to get that one last sale. However, you can use this need to sell to your advantage.
Visit a car dealership at the beginning or first of the month for an initial visit, but not to buy. This takes some of the pressure off because the salesmen aren’t going to be as persuasive to have you purchase something you can’t afford or don’t want.
Visit several car dealerships to inspect the assorted car sales and take plenty of notes. Then return to the car dealership of your choice at the end of the month when dealers are eager to make a quick car sale. Chances are you’ll get a great deal on a fantastic new or used car.
4) Forgo the extended warranty and extras.
You don’t need an extended warranty, though the salesman will make you worry and fret until you shell out the extra money to pay for the warranty. Most of the time, if you care for your car properly and maintain it according to the factory specifications you won’t need an extended warranty.
If you really think you should purchase one, wait as long as possible. Most companies allow you to wait until you’re close to the end of your regular warranty to purchase one. By then you’ll know how much maintenance your vehicle needs. If it’s a lemon by nature then an extended warranty might be a good idea in the long run.
You don’t need most of the extras offered, like rust-proofing, paint protection, tinted windows and life insurance. Educate yourself about what you need and what you don’t to keep from paying unnecessary charges.
Verify how much you’re paying for hidden charges such as shipping and preparation charges. Most of the time you can negotiate these charges down in your car sale.
5) Consider Used vs. New
New cars depreciate quickly the first two years of ownership. In fact, expect your $20,000 new car to cost you almost $7,000 in depreciation and interest rates alone (with a 6.9% loan) during that time. When you buy a used car the original owner has already absorbed the depreciation costs, leaving you with a good car that’s worth every penny.
However, the car sale market may be so slow that good deals can be had when buying a new car over a used car. It’s essential to be aware of how much car you can afford to buy and to guard against getting suckered into buying more car than you can afford.
Used Car Purchase Tips:
The uncertainty about a cars history–whether it’s been well taken care of or possibly damaged by an accident–can make some people leery about buying a used car. When buying used, it’s important to look for a car that has been properly maintained and an owner who has the records to prove it.
When buying used consider forgoing the financing and instead buy outright. Financing is a way car dealers to make money off of used car sales. Opting to pay for it in full puts money in your pocket.
Don’t be afraid of high mileage. A car driven by Grandma on weekends could actually have more problems because an idle car usually has problems associated with sitting around, such as plugged lines or rusty breaks. If you’re unsure about buying a used car because you don’t know enough about how cars work, consider spending the money to get a vehicle inspection from a reputable garage.
AssociatedPress asked:
BusinessNew Analysis Shows Car Sales Take a DiveNew Analysis Shows Car Sales Take a DiveThe Associated PressAs the economy continues to suffer, auto makers are struggling. That trickles down to car dealers who have also seen sales slow dramatically. A new report shows last month G.M., Ford, Chrysler and Toyota had double-digit sales dips. (July 1)This video contains ONLY natural sound. No script is available.
nanizm asked:
I am considering a career change and looking towards new or used car sales. Wanted to get some feedback, positive or negative, of the car salesman career. I have worked in the Auto industry for some time and just believe my background information in the industry would be a huge advantage in selling vehicles.
I am considering a career change and looking towards new or used car sales. Wanted to get some feedback, positive or negative, of the car salesman career. I have worked in the Auto industry for some time and just believe my background information in the industry would be a huge advantage in selling vehicles.
Gregg Hall asked:
With the rise in bankruptcies, repossessions, and general bad credit in the United States it has given birth to a whole new segment of the car business that is designed specifically to prey upon these types of people. That’s right I said prey upon. If you see slogans like “Credit Doctor” or “We Finance Anyone” run away! Well, at least be careful. Dealerships have learned over time that people who know they have credit problems will not argue or haggle as much as someone who does not have credit problems.
This is why every major automotive dealership now has a bad credit department. They have developed special sales techniques and they have fulltime “credit doctors” to work with people who have or even think they have bad credit. They advertise in the newspaper and on the radio that the credit doctor will help you fix your credit. You’ve heard the ads, “Good Credit, Bad Credit, No Credit, if you have a job and $99 down we can get you financed!”
The industry has now evolved to the point where they actually have establishments that exist solely to cater to the bad credit customer. They promote themselves as if they are doing the public some big favor but unfortunately this is far from the case. These dealers exist to make as much as they can off of people who are already in financial trouble.
The way these new dealerships operate is that they have sub par vehicles that a conventional dealership will not sell and they have in house financing as well as aggressive venture capitalist financing that enables them to command huge profits and charge outrageous interest rates.
Whether or not it is a dealership with a “credit doctor” department or a stand alone full time bad credit dealership they work in the same way. They seek to get the maximum amount of profit that they possible can from you by maxing out the profit in the car, getting you to borrow from a credit card, whatever it takes to increase the profit and then on top of that they will charge whatever your state maximum credit rate is which could be 28% or more. By the time it is all said and done you may pay $15,000 for a $5,000 car!
This is the absolute worst that the automotive industry has to offer, but until legislators step in and do something about it the secondary finance business will remain in place.
With the rise in bankruptcies, repossessions, and general bad credit in the United States it has given birth to a whole new segment of the car business that is designed specifically to prey upon these types of people. That’s right I said prey upon. If you see slogans like “Credit Doctor” or “We Finance Anyone” run away! Well, at least be careful. Dealerships have learned over time that people who know they have credit problems will not argue or haggle as much as someone who does not have credit problems.
This is why every major automotive dealership now has a bad credit department. They have developed special sales techniques and they have fulltime “credit doctors” to work with people who have or even think they have bad credit. They advertise in the newspaper and on the radio that the credit doctor will help you fix your credit. You’ve heard the ads, “Good Credit, Bad Credit, No Credit, if you have a job and $99 down we can get you financed!”
The industry has now evolved to the point where they actually have establishments that exist solely to cater to the bad credit customer. They promote themselves as if they are doing the public some big favor but unfortunately this is far from the case. These dealers exist to make as much as they can off of people who are already in financial trouble.
The way these new dealerships operate is that they have sub par vehicles that a conventional dealership will not sell and they have in house financing as well as aggressive venture capitalist financing that enables them to command huge profits and charge outrageous interest rates.
Whether or not it is a dealership with a “credit doctor” department or a stand alone full time bad credit dealership they work in the same way. They seek to get the maximum amount of profit that they possible can from you by maxing out the profit in the car, getting you to borrow from a credit card, whatever it takes to increase the profit and then on top of that they will charge whatever your state maximum credit rate is which could be 28% or more. By the time it is all said and done you may pay $15,000 for a $5,000 car!
This is the absolute worst that the automotive industry has to offer, but until legislators step in and do something about it the secondary finance business will remain in place.