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There's a tax advantage if you trade in. Most states require sales tax to be paid only on the difference between the price of your trade-in and the bike you're buying, not the full price of the next bike. This tax benefit doesn't apply if you sell your old bike yourself, which is always best. Only problem is the used market is flooded with bikes and we're going into winter so there's less interest.
In a cross reference to my post, the dealerships say they must do the registration and license plate for you with the bike you are buying from them but... it that true only when buying a new bike?
What about when you already have a plate and are only transferring it to the next bike.
I'm wondering what does a dealership actually pay to register and plate your bike (new and used), the dealership I dealt with yesterday proposed charging me $300 to do so...
In a cross reference to my post, the dealerships say they must do the registration and license plate for you with the bike you are buying from them but... it that true only when buying a new bike?
What about when you already have a plate and are only transferring it to the next bike.
I'm wondering what does a dealership actually pay to register and plate your bike (new and used), the dealership I dealt with yesterday proposed charging me $300 to do so...
I don't know if it differs from state to state. In S.C. I can go down to the DMV and do all that myself. The building the DMV is in also has the State Tax Collection office where you pay the tax on the vehicle to register it and then go to the DMV room to get the plate. Is it worth $300 to have the dealer do it for you? In S.C., yes it is.....sometimes. LOL!! Our DMV isn't the most efficient.
I was told by a police officer in Geogia that the dealer can just hand you the forms needed and you can go to the DMV and do it yourself. Florida may be different though.
In a cross reference to my post, the dealerships say they must do the registration and license plate for you with the bike you are buying from them but... it that true only when buying a new bike?
What about when you already have a plate and are only transferring it to the next bike.
I'm wondering what does a dealership actually pay to register and plate your bike (new and used), the dealership I dealt with yesterday proposed charging me $300 to do so...
Here in Wisconsin the current DMV registration fee is $164.50. Doesn't matter if the bike is used, or new (never been titled). There's also an additional electronic filing fee of $19.50. In person counter fee is $10. There is no fee for plate transfer unless the plate is within two months of expiration, in which case the normal renewal fee applies ($23 for two years).
Sir, since I have moved several times and lived in a number of different states, I can tell you that those fees are based on the state.
Registration here in Michigan is only $25 - and it does not matter if your buy a $5000 bike or a $50,000 bike. Dealers usually charge a service fee to register the bike, usually around $35 or so. Also, in Michigan the tax allowance for your trade is not discounted - so you pay the full pipe each time.
Most dealerships require proof of insurance and registration before you leave the dealership. This is especially true if you finance the vehicle. Imagine this - you buy a bike and finance it with the bank (through the dealership). Once signed, the dealership assigned the contract to the bank.
Assignment may take a day or two before the bank gets the contract. So, you leave the dealership and total the car immediately. Chances are that the bank will not take the assignment.
Every bike I have owned has been paid off before I trade it in
And I have never had any dealership register a bike for me
Simply swap the plate from the trade in to the new bike
I don't know if it differs from state to state. In S.C. I can go down to the DMV and do all that myself. The building the DMV is in also has the State Tax Collection office where you pay the tax on the vehicle to register it and then go to the DMV room to get the plate. Is it worth $300 to have the dealer do it for you? In S.C., yes it is.....sometimes. LOL!! Our DMV isn't the most efficient.
I was told by a police officer in Geogia that the dealer can just hand you the forms needed and you can go to the DMV and do it yourself. Florida may be different though.
No choice, the dealer said it state law, that they must register and do the licensee plate for you, that's why I question how much they are proposing to change me, I would much rather do if myself, it's got to be way less, I would be transferring a plate so I know it costs less.
No choice, the dealer said it state law, that they must register and do the licensee plate for you, that's why I question how much they are proposing to change me, I would much rather do if myself, it's got to be way less, I would be transferring a plate so I know it costs less.
The dealership lied to you. In Florida there is not a law requiring a dealer to perform those services. Until 2014, I was a native born Floridian.
In North Carolina, I have not found such a law yet. I do not believe one exists.
So dealerships are lying. They do have to produce the title bill of sale and turn it over to you. As well as other paperwork. But those fees are pure profit.
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Registration And The License Plate...
