What Are Legitimate Charges Car Dealers Can Pass Along For Title and Registration Processing Fees?
Hi Tony,
You don't mention anything on your web site about "processing fees" currently being charged by every car dealer. Could you please tell me what charges are legitimate?
Thanks for your help,
Kevin D.
Hi Kevin,
All car dealers charge some kind of processing fee, title fee, notary fee and or registration fee. All of these fees are legitimate.
The car dealers are tasked with transferring titles, assigning liens, dealing with registrations, plates, etc.
Unfortunately, there are some car dealers who take advantage of this and use it as a means to grab extra profit.
Most states set a maximum amount a car dealer can charge for various fees, and each state is different. Some car dealers will charge the maximum allowed on each deal whether or not all the fees apply to that individual deal or not.
To be sure you are not getting ripped-off check with your state DMV before you go to the car dealer to find out what you can expect. Then you'll know if the dealer is trying to get over on you, and you'll have a good case for refusing to pay excessive fees.
Just remember, car dealers have to pay people to do this paperwork, and some of it can be time consuming and expensive. Therefore they are entitled to cover their expenses in these matters as long as they don't abuse the privilege.
All my very best,
Tony Iorio
Insider Car Secrets.com
Used-Car-Warranty.com
Car-Loan-Quotes.com
If Monthly Car Payment is Paramount Consider Vehicle Leasing
Rising interest rates are prompting a renewed consumer interest in vehicle leasing. Generally speaking, a monthly payment is less for a vehicle lease because you are only making a payment on a portion of the vehicle's value.
Leasing can be a good option for people who like to trade cars every few years and who don't put excessive miles on their vehicles. Leasing also allows you to drive higher-end models which may otherwise be out of your price range.
Vehicle leasing is not right for everyone. If you put a lot of miles on your vehicles, or if you are the kind of person who keeps a vehicle for five to ten years then leasing probably isn't for you.
Keep in mind that vehicle leasing is simply an alternative way to finance a vehicle. Don't confuse it with renting a car. Leasing requires the same or a higher credit rating than you will need to get a conventional car loan, and once you sign a vehicle leasing contract you are locked in for the term of the lease. Vehicle lease payments are reported to the credit bureaus just like any other credit payment.
18.9% of cars and trucks that were sold off of car lots in 2006 were vehicle leases, which is up from 17.5% in 2005 and 15.2% in 2004.
Car manufacturers use lease deals to reduce their inventories, and to get buyers to return to car dealers sooner than they normally would if they financed a vehicle.
Remember, leasing isn't for everyone. Research your options carefully before making a decision. For additional information and resources on vehicle leasing go to: Car Leasing Tips.
Toyota Recall
Toyota Motor Corp. has recalled more than half a million pickup and sport utility vehicles in the United States. Toyota said in a statement it was recalling 533,000 Sequoia SUVs and Tundra pickup trucks in the United States. Including Canada and Germany, the total number of vehicles being recalled is 544,000, said a Toyota spokeswoman Friday. She said the defects had caused a total of 11 accidents and injured six people. "There is a possibility that the front suspension lower ball joint may experience excessive wear and looseness, causing increased steering effort, reduced vehicle self centering and noise in the front suspension," Toyota said in a statement. The recall covers certain 2004 through early 2007 model Sequoias and 2004 through late 2006 model Tundra vehicles which were also produced in the United States. The potentially faulty parts will be replaced free of charge from mid-February. The company did not reveal the cost of the recall. (Source: NADA Headlines)
New Blog in the Family!
Please read my new blog at my other website http://www.used-car-warranty.com . The direct link to the blog is http://www.used-car-warranty.com/blog.html .Thank you,Tony Iorio
Another One of Those Hostile Emails!
Every once in a while I receive an email from somebody, who for whatever reason, insists on being negative, hostile, condescending and arrogant. Below you will find one of these emails. It is from a guy named Frank who apparently is quite miserable, and decided to make me the focus of his hostility.I find it rather amusing when someone targets a complete stranger with a barrage of petty, condesending arrogance through email, knowing full well that this same person would never have the courage to say the same things to me in person. Some people are pathetically emboldened by the anonymity that email provides.Following is the email I received from Frank:--------------------------------------------------------------------------Tony: In answer to the question about what happens to unsold new cars, you wrote, "The bottom line is that you can probably buy one of these cars for a little less than you would have been able to several months earlier "You did not answer the question because "probably" means nothing unless you attach a margin of probability. For example, is it 90% probable? 50%? What the hell do you mean? Also, what the hell does "little less" mean? If your grocer charges you "little less" for your food, how much do you pay? I know it is hard to say "I do not know." But, you either have to write, what little less means, e.g., 30% less, 40% less, etc., or just say, "I do not know." Finally, leave the word "several" out of your vocabulary. Just say, 3 months, or six months, or, "I do not know." Think of it this way, how would you like your paycheck amount to read "several dollars?" Frank -----------------------------------------------------------------------------Frank sounds like a frustrated grammar teacher to me. Frank . . . thanks for the grammar and vocabulary lesson. I learned so much. Now take a deep breath, relax and try to lighten up a little. You'll enjoy life a lot more if you do.Until next time . . .Tony Ioriohttp://www.insidercarsecrets.com
