Worked a decent deal on two loaner’s from a TX dealer. Got to the signing and they bumped up the monthly payment by $115 a month due to “out of state taxes mistake”.
I keep reading about this 6.25% tax that you have to pay upfront but am not finding the details on it. Is this likely the mistake the dealer made or is this going to be another surprise?
The sale price of the cars are about $70k each and so their $115 mistake doesn’t equate to 6.25% of that so I’m just wondering if I’m missing something or if there will be another surprise later today when I go to sign (again).
Out of state dealers get taxes wrong all the time, especially in the progression from initial quote to contract. That’s not something to worry about, you just need to work with them to make sure it’s right by the time you sign.
AFAIK the FL tax is ~6% on the monthly lease payment amount not the sales price of the car.
In order to figure out what happened and whether the add’l $115 is correct or not you need to see how they originally calculated the taxes on your quote compared to how they are calculated now.
Wow. They are definitely trying to charge me TX tax it seems then. When this initially came about, I blew up and informed the GM but even he seemed to defend it…
There is no reason to blow up IMO, my past 3 leases have been from out of state and in every case it takes 2 or 3 passes before the dealer gets the taxes correct.
In all cases this was never the dealer trying to pull a fast one but rather just them not knowing exactly how every local state lease tax works. You have to work with them.
If the deal is good then I’d just kindly but firmly respond that you want to move forward but you’re not going to sign until they get the taxes correct.
Of course it helps things immensely if you have a target deal and know exactly what the correct payment and taxes should be, rather just saying “the taxes are wrong” and relying on them to get it right.
It’s probably just a mistake in tax. Their software probably defaults to TX tax. Before I’d “blow up” on them I’d just ask them to verify the taxing situation. Since it’s an out of state deal it doesn’t seem like some sort of nefarious situation yet. Give them a bit of time to figure it out.
They probably don’t do many if any FL deals. So, I’m sure it will take a bit of effort on their part to figure that out.
Thanks! Totally agree. The “blow up” was less about the mistake and more about the lack of engagement and explanation that they were willing to give. They just kept saying it was an “out of state tax mistake” but would not go deeper into specifying what the mistake was. The salesperson was also perplexed. Supposedly a different finance person is calling me later today to discuss at which point I hope we can get more clarity on what the perceived issue actually is and thus resolve it.
You’re going to eat the cost in the extra taxes, and potentially transport fees. It’s infinitely easier to buy from literally any other state. Texas has terrible deals and you only shop within TX if you’re a resident. Pick up a car through a dealer in GA or AL if you can’t find your deal in Florida.
