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Prices Paid: Buying & Leasing Experiences Acura TSX Prices Paid and Buying Experience
3813 messages, Last post on Aug 30, 2008 at 6:35 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| I was wondering if you can register a car out of state. In CT we have to pay property tax on the cars, and alot of people register their cars in NY. Either at friend's house or relatives. The insurance company is notified that the car is registered in NY, but parked in CT. All you have do is have a valid NY licence and save your self $500-$3000 a year in property taxes. If you are ever in NYC you will see tons of cars with out of state plates, it is not because they are turists. People register cars out side of NYC because of high insurance premiums. Why can't people in CA do the same? I realize it may be illegal and considered insurance/tax evasion. But I have not heard of anyone charged with that, yet. | |
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In CA if you get pulled over by a cop and you've got a license from another state, expect some questions. i was on a ride along with a cop who pulled over a girl from oregon. turned out she'd been hauled over 3 weeks earlier by his buddy who happened to cruise by while we had her over. Long story short - she got more tickets, her car was impounded and her friends had warrants so they went to county processing. Check the CA DMV. There's some requirement that based on how long the car is driven in california whether or not it needs to be registered here. CA wants its cash and wants to make sure your car is smogged. |
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I live right across the state line from Ohio, and we have personal property taxes on cars, and they don't. A lot of small business owners (lawyers, doctors, etc.) title their car at their business address to avoid the taxes. But, if your car is used mainly for personal use this is ILLEGAL. The local police usually spend about a week, twice a year, pulling over Ohio plated luxury cars between 0630 and 0830 in the morning. If you have a local address on your drivers license, and Ohio plates on your car, you are BUSTED!! You owe the tax, plus fines.. There is no free lunch. regards, kyfdx |
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I know I won't be able to negotiate much, if at all, with respect to a new TSX. But I plan to turn in my current car (a '96 Accord) and take the value the dealer gives me off the price of the TSX, which I plan to lease. As a result, the value I get for the Accord is extremely important to me as it will greatly affect my monthly lease payments. Do you recommend that I negotiate the value of the Accord up front even though the dealer may not be able to get the TSX in for several weeks/months? Or should I put down a cash deposit, have the dealer get the TSX, and then negotiate the value of my car? It seems that the second option would be risky as I could lose the deposit if the dealer doesn't give me what I want for the Accord. Any negotiation tips/strategies would be greatly appreciated. TrickyDick |
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| Only my opinion, but I wouldn't even mention the Accord until I'd negotiated the lease numbers (no deposit). With a popular car, it might not matter, but I don't see anything to be gained from doing it differently. It probably wouldn't hurt to know going in approximately what the Accord should bring either. | |
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Thanks Lumbar. When would you first mention the trade in? When you ask the dealer to order the car or after the car comes in? If the latter, what if the dealer asks for a deposit to order the car? It seems if I have to give a deposit to get him to order the car and then negotiate the price of the trade-in when the car comes in, I would lose my deposit if he doesn't give me what I think the Accord is worth. TrickyDick |
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By trading in your car, and using the value to lower the lease payments, you are essentially making a large down payment on a lease. There are numerous reasons for not doing this. Just have the dealer cut you a check for your trade, and put the money in the bank.. Then withdraw an equal amount each month to help you make the lease payment. You likely can't negotiate your trade-in value ahead of time, as prices will change. Additionally, its doubtful any dealer will keep your deposit if a deal doesn't go through. For more info on the downsides to making downpayments on leases, check with car_man on the Lease Questions board. regards, kyfdx |
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Thanks, that's excellent advice and something I had thought of. I am aware of some of the downsides of putting a lot down on a lease. For one, you lose everything if the car is stolen or totaled. But I spoke to some people (anectodal evidence, I'm afraid) and I was told it was doubtful that an Acura dealer would give me cash for the Accord. Do you think a dealer would do that? TrickyDick |
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They may not buy your car, if you aren't buying from them.. But, the numbers are the same for them either way. Any money they credit you for your car on a downpayment gets paid to AHFC to buy down the cap cost on the lease. So, it makes no difference to them whether they pay it to AHFC or you. I know its a pain, but if its really important for you to get the most trade-in possible, sell your car yourself.. You have an in demand car in a nice price area for private sales.. You'll probably see $2000 more than you can get on a trade. If you have no loan currently on your car, lease the TSX with no money down. Even if it takes you two months to sell the car, you'll be way ahead. regards, kyfdx |
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| what is the best deal on the 04 TSX now? for those of you in NJ what is Acura of Turnersville charging for the TSX? | |
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