zekd Posted July 29, 2021 Share Posted July 29, 2021 Just curious... What happens if someone orders a vehicle and then backs out of the deal when it arrives? Quote Link to comment Share on other sites More sharing options...
mattdm Posted July 29, 2021 Share Posted July 29, 2021 The dealer would sell it on their lot. If a deposit was made you would forfeit that. Quote Link to comment Share on other sites More sharing options...
aboyles2002 Posted July 29, 2021 Share Posted July 29, 2021 4 hours ago, Mbrooks44 said: My dealer told me they don’t care, they’ll sell it anyway. I put no deposit down and there is no requirement to buy. Same here....in this market they had probably just as soon you back out. they will just jack up the price and put in on the lot and probably make more off of it than they had agreed to sell it to you for. 1 Quote Link to comment Share on other sites More sharing options...
Buckymaster Posted July 29, 2021 Share Posted July 29, 2021 Ordered 2022 350 CCLB Limited. Looked like it was going to be awhile. Found a different dealer with four MY21 arriving soon. Found out when the delivery truck was arriving, made deal on a MY21 350CCLB Platinum. Went to first dealer to cancel the '22. Salesman a little upset giving me my deposit back, but other sales people around were more than happy. Not sure they OFFICIALLY canx in the system. Quote Link to comment Share on other sites More sharing options...
TruckGirl Posted July 29, 2021 Share Posted July 29, 2021 12 minutes ago, Buckymaster said: Ordered 2022 350 CCLB Limited. Looked like it was going to be awhile. Found a different dealer with four MY21 arriving soon. Found out when the delivery truck was arriving, made deal on a MY21 350CCLB Platinum. Went to first dealer to cancel the '22. Salesman a little upset giving me my deposit back, but other sales people around were more than happy. Not sure they OFFICIALLY canx in the system. You’d think they’d be thrilled to have something that will sell likely within the first day they have it. Quote Link to comment Share on other sites More sharing options...
ice-capades Posted July 29, 2021 Share Posted July 29, 2021 8 hours ago, mattdm said: The dealer would sell it on their lot. If a deposit was made you would forfeit that. Deposits are a matter of dealership policy and the terms specified on a signed Buyer's Order regarding cancellation. 1 Quote Link to comment Share on other sites More sharing options...
Robin Hood Posted July 29, 2021 Share Posted July 29, 2021 (edited) My dealer took a $2,000 deposit. They are a small dealership and don't want to be stuck with inventory they didn't order or anticipate. I would've liked the option to cancel without losing my deposit, but I gave that up for the lower sales tax and service I got from them compared to other dealers I talked to. Edited July 29, 2021 by Robin Hood Quote Link to comment Share on other sites More sharing options...
bshort Posted July 29, 2021 Share Posted July 29, 2021 With all the market adjustments taking place, can't see how any dealer could justify keeping a deposit. Quote Link to comment Share on other sites More sharing options...
ohsnap Posted July 30, 2021 Share Posted July 30, 2021 I placed an order for MY21 in February, no deposit. Dealer said if I didn’t want it no worries as they would sell it regardless. I canceled shortly after when MY22 were announced. Quote Link to comment Share on other sites More sharing options...
000 Posted July 30, 2021 Share Posted July 30, 2021 (edited) On 7/29/2021 at 8:35 AM, Robin Hood said: My dealer took a $2,000 deposit. They are a small dealership and don't want to be stuck with inventory they didn't order or anticipate. I would've liked the option to cancel without losing my deposit, but I gave that up for the lower sales tax and service I got from them compared to other dealers I talked to. That is pretty crazy. I can not imagine a dealer not wanting a truck to sell if you backed out these days, no matter how small the dealer. How are the taxes different, in Colorado you are taxed by where you live, doesn't matter where you buy. I guess that is different depending on your state. I think with the COVP system dealers are using now Ford is asking to see proof of a $500 deposit and copy of a driver license to secure a retail order. This is because they are expediting retail orders over dealer stock orders. Edited July 30, 2021 by Mountain Super Duty 1 Quote Link to comment Share on other sites More sharing options...
Robin Hood Posted July 30, 2021 Share Posted July 30, 2021 2 hours ago, Mountain Super Duty said: That is pretty crazy. I can not imagine a dealer not wanting a truck to sell if you backed out these days, no matter how small the dealer. How are the taxes different, in Colorado you are taxed by where you live, doesn't matter where you buy. I guess that is different depending on your state. I think with the COVP system dealers are using now Ford is asking to see proof of a $500 deposit and copy of a driver license to secure a retail order. This is because they are expediting retail orders over dealer stock orders. I agree! I asked and thought they would give me a refundable option. It is there policy and I am ok with that. I have no issue with a company having a policy, being transparent and sticking to it. They want to protect themselves from something going south in the market place, which honestly is the same reason I wanted the option. I can still walk away, but I'll lose my $2K. I suspect that if the market conditions are the same when the truck arrives, that I could probably talk them into refunding the deposit if I really want out for some reason. I bought with the X-plan and technically you aren't allowed to sale for 6 months so flipping the truck isn't really an option. Regarding sales tax, if you buy in state, you pay at the location of the dealership. If you buy out of state you pay base on where you live.. Quote Link to comment Share on other sites More sharing options...
ice-capades Posted July 31, 2021 Share Posted July 31, 2021 13 hours ago, Mountain Super Duty said: I think with the COVP system dealers are using now Ford is asking to see proof of a $500 deposit and copy of a driver license to secure a retail order. This is because they are expediting retail orders over dealer stock orders. The COVP enrollment requires the Dealer to upload a copy of a signed Buyer's Order and the customer's Driver's License. The required $500 deposit applies only to CA. There is no deposit required for customers in any other state. Quote Link to comment Share on other sites More sharing options...
ice-capades Posted July 31, 2021 Share Posted July 31, 2021 11 hours ago, Robin Hood said: Regarding sales tax, if you buy in state, you pay at the location of the dealership. If you buy out of state you pay base on where you live.. Sales tax is based on the address where the vehicle will be registered. There are some states that have different tax rates in different areas. Quote Link to comment Share on other sites More sharing options...
000 Posted July 31, 2021 Share Posted July 31, 2021 2 hours ago, ice-capades said: Sales tax is based on the address where the vehicle will be registered. There are some states that have different tax rates in different areas. I thought this was pretty standard but I am no expert on other states tax laws. We live out of town and only have to pay 2.9% state tax. If you live in town you get socked for the state plus the locality with can end up being over 10% in certain places. Quote Link to comment Share on other sites More sharing options...
Sirunify Posted July 31, 2021 Share Posted July 31, 2021 My dealer said the $500 deposit is refundable. I’m sure they wouldn’t mind selling it in the current market state. Quote Link to comment Share on other sites More sharing options...
Robin Hood Posted July 31, 2021 Share Posted July 31, 2021 (edited) 5 hours ago, ice-capades said: Sales tax is based on the address where the vehicle will be registered. There are some states that have different tax rates in different areas. I was speaking specifically to AZ as noted in an earlier related post. In AZ if I buy a truck in Phoenix and I live in Tucson, I will pay the sales tax rate at the dealership location in Phoenix that I purchase it from. For instance, in my current situation, I bought a truck at Oracle Road Ford which is outside the city limits in Pinal Co. I will pay Pinal Co sales tax rate even though I live in the Town of Marana and Pima Co. Edited July 31, 2021 by Robin Hood Quote Link to comment Share on other sites More sharing options...
ice-capades Posted July 31, 2021 Share Posted July 31, 2021 5 minutes ago, Robin Hood said: I was speaking specifically to AZ as noted in an earlier related post. In AZ if I buy a truck in Phoenix and I live in Tucson, I will pay the sales tax rate at the dealership location in Phoenix that I purchase at. Okay. Interesting. Quote Link to comment Share on other sites More sharing options...
DecodanMcQ Posted July 31, 2021 Share Posted July 31, 2021 Another tax issue for me in Missouri is whether I trade or sell outright. The dealer offered 50k for my ‘16 F-250 when I ordered the ‘22 F-350. They said the value would be evaluated every 90 days. So if trade value goes down I can sell outright to get more money for the ‘16. BUT, I have to figure the tax penalty for not trading. The trade value comes off the cost of new vehicle and then sales tax is figured. So if I sell to private party a 50k trade value has to sell for 53k to break even. So lots to consider before making that final decision to trade or sell. Quote Link to comment Share on other sites More sharing options...
Dewbs Posted August 1, 2021 Share Posted August 1, 2021 The sales tax issue varies. I bought a vehicle in another county where the tax rate is less than my residing county and was charged their tax rate. Quote Link to comment Share on other sites More sharing options...
Can-AmRider Posted August 1, 2021 Share Posted August 1, 2021 I bought a New trailer last fall got charged Wi sales tax then when I titled it in Mn I had to pay the difference. It was 1% wasn’t the biggest amount being it was a $14k enclosed trailer . Quote Link to comment Share on other sites More sharing options...
Can-AmRider Posted August 1, 2021 Share Posted August 1, 2021 8 hours ago, DecodanMcQ said: Another tax issue for me in Missouri is whether I trade or sell outright. The dealer offered 50k for my ‘16 F-250 when I ordered the ‘22 F-350. They said the value would be evaluated every 90 days. So if trade value goes down I can sell outright to get more money for the ‘16. BUT, I have to figure the tax penalty for not trading. The trade value comes off the cost of new vehicle and then sales tax is figured. So if I sell to private party a 50k trade value has to sell for 53k to break even. So lots to consider before making that final decision to trade or sell. Some dealers will let you give them a set amount for doing the paperwork and save you the tax money plus get more for your truck. The neighbor just did that when he bought his ‘18 GMC it cost him $500 but got a couple grand more & didn’t have to remove some extras that the dealer wouldn’t give $ for like rims. 1 Quote Link to comment Share on other sites More sharing options...
akirby Posted August 1, 2021 Share Posted August 1, 2021 In GA you pay your county’s tax no matter where you purchase it. If my county is 7% but I buy in a 6% county and they charge me 6% I’ll get a bill for the other 1% in a month or two. Normally the dealer charges you based on your county. 1 Quote Link to comment Share on other sites More sharing options...
Chris E Posted August 1, 2021 Share Posted August 1, 2021 25 minutes ago, akirby said: In GA you pay your county’s tax no matter where you purchase it. If my county is 7% but I buy in a 6% county and they charge me 6% I’ll get a bill for the other 1% in a month or two. Normally the dealer charges you based on your county. akirby what county in GA do you reside? I’m in Northwest Ga (Catoosa). Quote Link to comment Share on other sites More sharing options...
akirby Posted August 1, 2021 Share Posted August 1, 2021 1 hour ago, Chris E said: akirby what county in GA do you reside? I’m in Northwest Ga (Catoosa). Cherokee (Canton). 1 Quote Link to comment Share on other sites More sharing options...
slowninja14 Posted August 2, 2021 Share Posted August 2, 2021 In Missouri if you trade or sell, then you have a tax "credit" that is good for 180 days. If you purchase within the 180 days, then you have to pay the taxes of the difference of sale/trade and the new vehicle. In Missouri, your taxes are based on where you live. I live in Springfield, and always buy in other counties, yet, I pay the taxes for where I live. The dealer has nothing to do with taxes here, they give you your plate back or a temp, until you can go to the DMV and pay your taxes and license fees. Quote Link to comment Share on other sites More sharing options...
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