R50/53 Can you buy it before you get it?
Thread Starter
|
4th Gear
Joined: Jul 2002
Posts: 495
Likes: 0
From: South Bend, Indiana
Situation:
1. My MCS is in the U.S. (I think off loaded from the Aida 11/22).
2. Don't know if it wil get to Chicago, prepped, and deal closed by 11/30.
3. Sales tax goes up 1% 12/1/02 in Indiana where I reside. I am pretty sure we pay sales tax based upon where we live when pruchasing a car out of state.
Question:
Can I actually legally purchase the car prior to receipt of said vehicle to beat the tax hike? Has someone done this? What is the downside?
p.s. I don't like taxes
1. My MCS is in the U.S. (I think off loaded from the Aida 11/22).
2. Don't know if it wil get to Chicago, prepped, and deal closed by 11/30.
3. Sales tax goes up 1% 12/1/02 in Indiana where I reside. I am pretty sure we pay sales tax based upon where we live when pruchasing a car out of state.
Question:
Can I actually legally purchase the car prior to receipt of said vehicle to beat the tax hike? Has someone done this? What is the downside?
p.s. I don't like taxes
Coordinator :: Gulf Coast & Panhandle MINIs
Joined: Oct 2002
Posts: 12,662
Likes: 0
From: In the Tube
>>Question:
>>Can I actually legally purchase the car prior to receipt of said vehicle to beat the tax hike? Has someone done this? What is the downside?
Don't know the Illinois tax laws, but if you have an "EXACT" price for your MINI, you can pay up front and save yourself the tax. But…
1. If you have any changes in the contract…
2. If you have any problems with the car that require any additional changes with the contract…
3. If you have "ANYTHING" that the dealer may add on to the contract after 12/1/02, "YOU" may be responsible to pay the entire tax…
Paid mine up front because I"d get a better interest rate on my loan and saved myself 1.1%.
I'm not a lawyer, but this is what I did - ASK your dealer.
>>Can I actually legally purchase the car prior to receipt of said vehicle to beat the tax hike? Has someone done this? What is the downside?
Don't know the Illinois tax laws, but if you have an "EXACT" price for your MINI, you can pay up front and save yourself the tax. But…
1. If you have any changes in the contract…
2. If you have any problems with the car that require any additional changes with the contract…
3. If you have "ANYTHING" that the dealer may add on to the contract after 12/1/02, "YOU" may be responsible to pay the entire tax…
Paid mine up front because I"d get a better interest rate on my loan and saved myself 1.1%.
I'm not a lawyer, but this is what I did - ASK your dealer.
Coordinator :: Gulf Coast & Panhandle MINIs
Joined: Oct 2002
Posts: 12,662
Likes: 0
From: In the Tube
>>ATTN: Tire & Wheel moderators, can someone move this thread over to MINI Talk? :smile:
I'll agree with that. Good conversation, wrong category.
_________________
"Suzee" MCS, Sport, Areo, Rally Lights
I'll agree with that. Good conversation, wrong category.
_________________
"Suzee" MCS, Sport, Areo, Rally Lights
Thread Starter
|
4th Gear
Joined: Jul 2002
Posts: 495
Likes: 0
From: South Bend, Indiana
As a follow up, I can do this according to my dealer. They (Bill Jacobs MINI, Chicago) seem to be very accommodating. They are sending all the parerwork via express so I don't have to make an extra trip. I will let you all know if something goes awry.
p.s. Moderator may want to move this post to another forum.
_________________
MINI Pilot waiting for my wings!
p.s. Moderator may want to move this post to another forum.
_________________
MINI Pilot waiting for my wings!
Thread Starter
|
4th Gear
Joined: Jul 2002
Posts: 495
Likes: 0
From: South Bend, Indiana
2nd follow up. FYI.This can only be done if you are not financing the purchase. If you are financing through the dealer, the car must be physically at the dealer first. Must be some legal thing. 
Thread
Thread Starter
Forum
Replies
Last Post
OutMotoring
Drivetrain (Cooper S)
5
Sep 8, 2015 06:27 AM