Rumbleon works

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Mar 30, 2019 | 08:28 PM

#31

chopper_man

Stellar HDF Member

Joined: Apr 2016

Posts: 3,325

Likes: 2,115

From: Masshole

Quote:

Originally Posted by 99Birdman

They have to pay the sales tax when they sell it. It's called "sales tax", not "buy" tax and is paid by the seller and reported and collected at tax time (or quarterly, etc.) when the retailer reports his revenue. The fact that is usually passed through to the buyer doesn't change the fact that the seller is responsible for paying it to the state. Therefore, RumbleOn is going to give you an offer that reflects the amount of profit they think they can make when they sell the bike including the cost of the sales tax they will have to pay to the state.

Don't know if I agree it's a "sales tax" as far as a dealer goes. A dealer/business pays income tax. If they buy a bike for 8k and sell it for 10k they pay income tax on 2k (minus deductions/whatever).

Mar 30, 2019 | 09:20 PM

#32

99Birdman

Extreme HDF Member

Joined: Jul 2012

Posts: 15,620

Likes: 27,704

From: SoCal

Quote:

Originally Posted by chopper_man

Absolutely true. They also have to remit the sales tax (at whatever % their respective county or state levies) on the revenue they report. While everyone might say the buyer is paying the sales tax, the bottom line is the seller/dealer is on the hook for sending the money to the government. The fact that all of the hype says the buyer pays it, it is ultimately up to the seller to make the funds available to the state. Say what you want about the buyer paying it but, when the seller is on the hook for making sure the state gets the money, it's a tax on the seller. The exceptions are private party (which has already been covered by Bob's research) and those transactions that are recorded with a resale licence exemption.

People and the pundits can say whatever they want but, the guy who the government holds responsible for sending them the money (whether they collected it from the buyer or not) is the guy whose being taxed.

Mar 31, 2019 | 06:34 AM

#33

madwrencher

Cruiser

Joined: Dec 2014

Posts: 230

Likes: 25

From: ohio

Sales tax on used vehicle is a rip off. I know thats how it is and I can see paying it when you buy something new, But over the course of I vehicles life it's paid every time its resold. But then again taxes are mostly a rip off.

Mar 31, 2019 | 06:53 AM

#34

bobg03

Road Master

Joined: Apr 2012

Posts: 1,229

Likes: 240

From: On 2 rails...

Quote:

Originally Posted by BobRR

If what you say is true, then all the prices for bikes on RumbleOn would be out the door prices. I doubt that is true. When they sell the bike, the buyer will have to pay them the sales tax as an additional cost to the buyer.

They only collect the sales tax, when they sell (and collect it from buyer) they have to pay it for wherever state their business is licensed

Mar 31, 2019 | 07:26 AM

#35

JayStronghawk

Ultimate HDF Member

Joined: Dec 2007

Posts: 9,254

Likes: 283

From: Lake City, Florida (Native)

Have checked on Rumble On a few times basically they offered $2,000 less than Trade In Value on the 3 times I got a quote on Different Rides .. But to be fair a couple of times the Dealership actually offered less if know how to crunch numbers on the bottom line .. Simply put if you can live with their offer take it , if not refuse it .. I refused all mine for the simple reason my Rides were all in Top Running Shape but am sure Rumble gets stuck sometimes with Rides that need work why get a low offer to balance out the good and bad in a business like they have .. Basically everything is done over the net and the Ride is picked up from your house without any big hassle .. Have told my wife to consider an offer from them to compare if any vultures come around wanting to purchase my ride for peanuts, which have seen far too many times over the years I have been around ..

Apr 27, 2019 | 11:00 AM

#36

anMP5sits

6th Gear

Joined: Jan 2014

Posts: 11

Likes: 1

From: Maryland

RumbleOn just made me an offer. They lowballed me a bit but to be honest not as bad as I thought they would. I can see how a seller would committ. Considering how convient it all seems to be. As opposed to all the BS you deal with trying to sell your ride the traditional way.

Apr 27, 2019 | 06:43 PM

#37

Red Ryder

Cruiser

Joined: Jan 2009

Posts: 116

Likes: 16

From: West Branch, Michigan

Lowball Scam Artist

Whaaat, Rumble On gave me a quote, nothing but Lowball Scam Artist!! It was 1/2 of Dealer Trade In Value!
No Thanks, try the "but the market" Scam on some gulable Moran. Would Not recommend this Rumble On!

Apr 29, 2019 | 01:15 PM

#38

VAFish

Grand HDF Member

Joined: Nov 2018

Posts: 4,607

Likes: 3,312

From: Virginia

Quote:

Originally Posted by anthony_b.

...I've lucked out twice with RumbleOn. On both bikes I put up for sale, 2 weeks after I got "their" quote I sold both bikes, cash sales too. One $4.5K, the other $6K over what they offered me.

I sold a bike to the first guy that came to look at it for $2,500 more than Rumble On offered me. pretty easy transaction and I was happy making more money.

Rumble On seems to offer NADA trade in value or less. If you are happy getting that for your bike in a no hassle way, they by all means go for it.

Last edited by VAFish; Apr 29, 2019 at 01:16 PM.