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It is not a should question, the dealer passes along the dealer inventory tax to the consumer, and you can negotiate it, but it rarely gets taken off or goes down. It is common practice, and not very ethical. Consumers paying the dealers taxes? Whats next? Paying a portion of their property taxes too? Dealers, roll it into the price of the vehicle, so that it can be negotiated, or possibly negotiated. That way the consumer doesn't feel like they are paying your bills.
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Can the dealer add their doc fee deputy fee and dealer inventory tax to the sales price in Texas?
Here is another tip. This one is from a peer-reviewed article.Pass Through of Tax--tax inventory feeWhile VIT is actually one component of the dealer's ad valorem tax, state law allows dealers to pass on to retail buyers the unit tax attributable to that sale. The charge on a retail contract for the tax should be disclosed as "dealer inventory tax" and not misrepresented as a charge required by law or as the "buyer's inventory tax." While the VIT charge can be passed on to buyers, the law does not require that a dealer do so. In fact, the law is neutral on the issue, and an attempt to convince a buyer that the tax is a mandatory charge required by law to be added to the contract is incorrect and actionable.Addition of the tax on the contract is a negotiable item and a dealer can refuse to sell to a buyer who refuses to have it included. Conversely, a buyer can refuse to sign a contract that has it in. you will pay interest on this fee if you are financing.Documentary Fee---the dealership cannot charge you this fee. It is not a mandatory fee to pay to the dealership. Not only that, if you finance a vehicle, you will be paying some interest on that small fee as well.
What is an agent who buys and sells securities from inventory called?
An agent who buys and sells securities to and from his inventory is called a broker-dealer, although in this specific situation it should be called only a dealer. It is called broker-dealer because all the dealers, entities that keep their own inventory, also frequently act as middlemen between the seller and the buyer. When they act only as brokers, they make money on commissions and not price movements of the securities. As dealers, they mostly make money on price differences.
In Texas how long do you have to return a used car to the dealer?
Look at your rental agreement. It spells it out.
When A buyer would record a payment within the discount period under a perpetual inventory system by crediting?
Inventory
When a buyer returns merchandise purchased for cash the buyer may record the transaction using the following entry?
debit cash; credit merchandise inventory
When merchandise is returned under the perpetual inventory system the buyer would credit a. Accounts Payable b. Merchandise Inventory c. Purchases Returns and Allowances...?
The Buyer would likely perform the following transaction: DR- Account Receivable CR - Merchandise Inventory The Buyer would probably debit CASH if they receive CASH from the Seller instead of having to WAIT on it. The Merchandise Seller would perform the following transaction: DR - Merchandise Inventory CR - Accounts Payable, OR CASH
What is the Texas laws on selling unimproved land?
Unimproved land can be bought and sold just like any other land in Texas. Unimproved land should be surveyed and this cost could fall on the buyer.
Can you return a used car back to the dealer in Nebraska?
Why would the dealer want it back. You bought it, and it is now your car. Remember, buyer beware.
How do you return a used car back to the dealer that has problems?
there is no way to. Sorry as is buyer beware.
Is an Automobile Buyer's Order a legally binding contract in PA if both the dealer and buyer have signed it?
In Pennsylvania, a buyer's order only becomes consummated once the buyer has taken delivery of the vehicle. Not at the signing, but once the vehicle leaves the sellers property.
How long does a dealer have to give buyer licenses plate?
Usually it is up to the buyer to register and buy plates for their state for a newly purchased automobile. This is not the dealers responsibility.
Is the dealer responsible for broken seat belts?
Yes if the buyer mentions that the seat belts are broke before the purchase of vehicle. After the purchase of the vehicle it's the buyer responsibility.
