I leased a Chevy Bolt in November 2017, as such I got the DMV registration renewal in the mail, and the cost for renewal is an absurd $400 broken down as follows:
License fee 207
There is an 80% chance I will be relocating for work in a different state in mid 2019. At that time I will likely trade in the car to Vroom/Carvana and pay whatever I am upside down or pocket any equity. Will they care if my registration is not current since they are going to buy the car out anyway? Or should I play it safe and just pay the 400?
Is the other option driving a car with an expired registration? If so, pay the $400.
Honestly, I’m pretty anti-establishment and hate the man’s hand in my pocket 10x more than the next person, but I don’t mess with registration and insurance. Accidents happen to the best of us, being caught in a sticky situation without your car’s paperwork in order will cost far more than $400.
Blows spending $400 but you’re not the first one to feel shafted by the DMV, surely won’t be the last.
I know that’s not the advice you asked for but…
I can’t imagine a dealership caring if your car is registered or has insurance when you return it. They probably won’t even check.
GMF will likely care though. I know someone with a GMF loan (less restrictive then a lease) who let their insurance lapse (on accident) for like two weeks, and GMF sent them a letter.
You should be able to get a refund for the portion of the year you didn’t own the car. I.e. if you sell the car in May 2019 you might get about $200 back if you ask for a refund.
But asking if you should not pay it? Up to you, but there are consequences for not paying taxes/registration. Maybe look into what will happen to you before skipping the registration tax. Most people wouldn’t like the consequences.
Even if you trade the car in with the expired tags, the dealer or 3rd party will most likely subtract reg fees on tradein value.
There are only 2 things that is certain in life, taxes and death. In this case taxes=reg. Pay now or pay later with penalty and interest.
Everyone makes fun of Jersey for being expensive, but $400 would be the registration for the full lease term here wow. OP, you need to pay it or you are seriously breaking the law. It doesn’t matter that you may move