Sell or Trade
Lead Driver
Joined: Feb 2022
Posts: 7,975
Likes: 4,045
Yes it has. I was at my Ford dealer for a couple hours and the only people there were waiting on service. What little stock they have has some pretty hefty price tags too. A used Mach-E is listed for a hair under $50K, and what new stock they have is a loosely spaced 1 row. They also have a Lightning on the lot, but I didn't ask the price.
Fleet Mechanic
Joined: Jan 2022
Posts: 1,410
Likes: 712
Against the law in Colorado... The dealer we bought my wifes Jeep from also has a Subaru dealership just two doors down. I had her Golf for sale privately because we had to wait on the Jeep to be built and the Jeep dealer gave me a crap trade number. So the subie dealer manager wants to buy the Golf, wants to pay my full private party retail asking. Even though the dealerships have the same owners, they could not give me trade credit for that $27k car. I still came out a little ahead because our tax is 3.9% and the difference was over $4k between the Jeep trade offer and what the Subie dealer bought it for.
One thing is for sure, the game has changed at the dealerships and many are running some strange programs trying to stay afloat through this mess.
One thing is for sure, the game has changed at the dealerships and many are running some strange programs trying to stay afloat through this mess.
Lead Driver
Joined: Feb 2022
Posts: 7,975
Likes: 4,045
You are talking about two dealers, the person who posted this said it was "sold" to another consumer not another dealer. I'd imagine how it works is on paper the dealer buys the vehicle being traded in, then sells it immediately to the other purchaser, so technically the dealer sold both vehicles. It's all a matter or how paperwork is completed.
More Turbo
Joined: Jun 2021
Posts: 663
Likes: 352
I'm also in TN and when I bought my new F450 out of state, I had to stroke a $9100 check to register it and pay the taxes. That sucks bad! Therefore, i'd recommend trading unless you just get a really lowball number.
Lead Driver
Joined: Feb 2022
Posts: 7,975
Likes: 4,045
OOOF thats nearly twice what I had to pay in IL. Bought mine, used, in Green Bay and taxes were ~ $4500. I had traded in my F-150 which brought the taxes down considerably.
Fleet Mechanic
Joined: Dec 2021
Posts: 1,735
Likes: 1,116
. Any purchase you register with your state gets taxed accordingly.We all do enjoy the unregistered large purchases from out of state though. 3-4 hour round trip to save 6.25%, 6.35%, or 7% on a purchase in the 10s-100s of thousands is worth it.
10% may be pretty hard to come out ahead on a private party sale.
Fleet Mechanic
Joined: Jan 2022
Posts: 1,410
Likes: 712
If you're tired of paying sales tax open an LLC in Montana.... No idea how it works but read plenty of threads here and else where of people doing it while buying high dollar vehicles and paying zero in tax....
Fleet Mechanic
Joined: Dec 2021
Posts: 1,735
Likes: 1,116
Problem with that for the average joe is now your vehicle is registered to a business and you have to conform to commercial code. Usually a larger negative associated with that than the tax you're going to pay. No doubt tons of positives for those who understand the tax code but for the majority who are going to just consult an attorney and accountant to handle the LLC for them its not worth it.
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Fleet Mechanic
Joined: Jan 2022
Posts: 1,410
Likes: 712
Problem with that for the average joe is now your vehicle is registered to a business and you have to conform to commercial code. Usually a larger negative associated with that than the tax you're going to pay. No doubt tons of positives for those who understand the tax code but for the majority who are going to just consult an attorney and accountant to handle the LLC for them its not worth it.
Cargo Master
Joined: Feb 2020
Posts: 2,277
Likes: 949
Problem with that for the average joe is now your vehicle is registered to a business and you have to conform to commercial code. Usually a larger negative associated with that than the tax you're going to pay. No doubt tons of positives for those who understand the tax code but for the majority who are going to just consult an attorney and accountant to handle the LLC for them its not worth it.
... even though its all public information and anyone can play the game.
More Turbo
Joined: Jun 2021
Posts: 663
Likes: 352
I live about 1.5H from a state that has no sales tax and I get stories all the time from my customers about them buying trucks and trailers out of state and thinking they were going to get away with not paying the Titled states sales tax . Any purchase you register with your state gets taxed accordingly.
We all do enjoy the unregistered large purchases from out of state though. 3-4 hour round trip to save 6.25%, 6.35%, or 7% on a purchase in the 10s-100s of thousands is worth it.
10% may be pretty hard to come out ahead on a private party sale.
. Any purchase you register with your state gets taxed accordingly.We all do enjoy the unregistered large purchases from out of state though. 3-4 hour round trip to save 6.25%, 6.35%, or 7% on a purchase in the 10s-100s of thousands is worth it.
10% may be pretty hard to come out ahead on a private party sale.
When I lived in Alabama, the sales tax on a car was like 3.25% since I lived outside the city limits. Then once I moved to Tennessee it was over 9%. I'll definitely be trading next time to get that sales tax break.
Lead Driver
Joined: Feb 2022
Posts: 7,975
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Cargo Master
Joined: Apr 2021
Posts: 2,581
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From: NW Wyoming USA
This is mainly for full time RV people who no longer have a "home state" address to mail to, which is a requirement in order to obtain a drivers license. Their RV and drivers license is registered in Montana. How the rest works, not a clue, but in the RV community its a rather big thing.