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Are they knocking $800 off the list price because you don't pay sales tax on financial fees? I'd say $50 is fair for the paperwork, it does take a bit of time. I wouldn't quibble over $75 or even $100 if I really wanted the car/deal. When I bought my car from a dealer there was a "$400 paperwork fee." I told them I'd be happy to pay it after they knocked $400 off the price we negotiated. They offered to reduce it to $60 on the spot. Registration at least in my rather limited experience they'll give you a break-down of the actual state fees and then what they pay in convenience. It's well, well worth it to me to pay the extra $40 or whatever it is I was charged for the convenience fee part of registration. That might vary in your state. $140 sounds reasonable to me but that varies widely from state to state.
So i'm thinking of buying this car near waterbury. It's listed as around $9000, but I asked the dealer over the phone what the 'out the door' price was.
He said additional fees include:
$598 Conveyance Fee
$198 Vintage Fee (WTF is this??? I think he mentioned something about the VIN number when i asked him about it)
$140 Registration
Sales tax (i'm guessing around $540 at 6 percent?)
Questions i have:
1) Should the 'conveyance fee' be that high? Isn't that basically just the paperwork they have to do?
It's also commonly called a documentation (or "doc") fee and no, it shouldn't be that high. The dealership I worked for charged $45, but that was 10 years ago in rural downstate Illinois. Still, I unless I was getting a killer deal on the purchase price I'd walk out if they wanted more than $100.
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2) WTF is a vintage fee?
Probably a title transfer fee. Seems high, but it varies by state so it may be accurate for your state.
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3) The registration fee - does that include transferring title to the car to me and giving me plates?
I would assume that this is the annual registration which would not include title transfer.
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So what do you guys think about the fees in general?
The conveyance fee is too high in my opinion, but it may be standard for your area. The other fees vary by state, so not knowing what state you're in I can't tell you if they're accurate or not.
So i'm thinking of buying this car near waterbury. It's listed as around $9000, but I asked the dealer over the phone what the 'out the door' price was.
He said additional fees include:
$598 Conveyance Fee
$198 Vintage Fee (WTF is this??? I think he mentioned something about the VIN number when i asked him about it)
$140 Registration
Sales tax (i'm guessing around $540 at 6 percent?)
Questions i have:
1) Should the 'conveyance fee' be that high? Isn't that basically just the paperwork they have to do?
2) WTF is a vintage fee?
3) The registration fee - does that include transferring title to the car to me and giving me plates?
So what do you guys think about the fees in general? Thanks guys!
Thanks for your help!
Conveyance Fee = Bullcrap
Vintage Fee = Bullcrap
Hardball them. Either they want to sell you the car, or not. If they know you're more than ready and willing to walk out the door, they'll start to become VERY cooperative.
I saw this was moved from the Connecticut forum so I'll assume that that's where you live. I went to the DMV website and found the following fee information for registering a newly-purchased used vehicle:
Registration fee: $80 (2years)
Inspection fee: $88
Title Fee: $25
VIN verification fee: $10
Clean Air Act fee: $10
Plate production fee: $5
Lien fee: $10 (only if the car is financed)
So I come up with $228, assuming you are financing the car, if not it would be $218. Don't take this as the Gospel, I've never lived in Connecticut so I'm no expert at all. But I would definitely ask the dealer to itemize all the fees in writing.
Oh, and sales tax on vehicle purchases is 6.35% of the purchase price. Which doesn't include fees, so if you are able to beat the guy down it would be in your favor to pay the excessive fees and have him deduct the difference from the selling price.
Vintage fee? I think the other poster was on to something with the "VIN etch" fee. Could you have misheard over the phone?
If it's for paying someone to etch the VIN onto the car's glass--well, that's worthless to you, unless it results in a substantial insurance discount, and AFAIK, it usually doesn't.
It's a supposed anti-theft feature, theory being that the car is harder for a thief to resell if he tries to "switch the VIN." The thing is, the VIN is already stamped on multiple locations on the vehicle. A few more places isn't going to make a difference. I believe most stolen cars (that aren't simply stolen for a joyride) are parted out, rather than sold whole, so what's the difference? The theif can't sell the windows?
Tell them you don't want it, and won't pay for it. If they already did it, try to haggle it down to the $50-100 they likely paid to have it done.
do what i did the last time i bought a car from a dealer, negotiate the price for the car itself, and tell the dealer you will handle the title transfer and registration. that way you only pay for the car and the state sales tax and thats it.
do what i did the last time i bought a car from a dealer, negotiate the price for the car itself, and tell the dealer you will handle the title transfer and registration. that way you only pay for the car and the state sales tax and thats it.
Dealerships in many states won't allow you to do this because they are bonded to handle the paperwork and can get in a pickle if they let you drive away without registering the vehicle.
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