Hope you can help me!
I trying to negotiate 2014 CB1100
For those living in NC how much taxes you paid in top of the retail.
I mean....Hypothetically
Bike was $10000 Taxes were 6% %5 4%....
Whats the NC % of taxes at purchase time?
Another thing what other fees you had to pay?
Dealers fee and Set up fees?
I'm trying to buy cash on hand but think i'm been taken advantage off.
Thanks
JD
Hey, JD, I can't help with much of this, but there's an NC tax calculator [url=https://edmv.ncdot.gov/TaxEstimator]here which will give you some guidance wit the tax component of the cost.
(09-27-2016, 02:02 PM)Cormanus_imp Wrote: [ -> ]Hey, JD, I can't help with much of this, but there's an NC tax calculator [url=https://edmv.ncdot.gov/TaxEstimator]here which will give you some guidance wit the tax component of the cost.
Hey Cormanus thanks for the link to the DMV website, but that is for property taxes which is a yearly thing to pay (Most likey when renewing tags) and values goes down as years pass by.
I'm looking for the purchase taxes on the final documentation at purchase time.
Thanks
JD
OK ... way too confusing for me. I'll leave it to someone knowledgeable in the field.
I can't remember the tax rate when I bought my 2013.
Call the Honda dealer in Greensboro. When I was shopping around last year, they gave me an out the door price of $8600 for a new 2014.
You can ask us if we think you're getting a good or a not so good deal if you tell us the actual figures being given to you by the dealer.
If you don't know all of them up-front, you need to have it spelled out to you in the form of a contract or proposal first, but don't sign anything. Ask them to put the "out the door price" in writing but again, don't sign anything yet.
(09-27-2016, 11:25 PM)ClassicVW_imp Wrote: [ -> ]You can ask us if we think you're getting a good or a not so good deal if you tell us the actual figures being given to you by the dealer.
If you don't know all of them up-front, you need to have it spelled out to you in the form of a contract or proposal first, but don't sign anything. Ask them to put the "out the door price" in writing but again, don't sign anything yet.
Well the bike price I got it down to $7200 and the out the door price after all fees and taxes $8700 .... so it is the $1500 difference what's killing me to pay for it.
Thanks
JD
IF I remember correctly NC charges a 3% tax on all new vehicle purchases with a minimum of $475. Then you can add in registration and title fees - usually another $200. Yeah, it hurts.
I use Honda of Sanford NC for new purchases.
I don't think tax is where a dealer would take advantage of you. Those are set by the state and county and they could get in trouble for overcharging for tax. It would be on "dealer prep" and that sort of thing.
Remember, too, that this is all about negotiation. Taxes can't be negotiated, but all the other numbers can. Shop around and see what other dealers will offer. Lots of dealers list bikes on Cycletrader and that sort of site, so that would be a good place to compare prices. This bike is not a hot seller and, from what I hear, many dealers are giving pretty deep discounts. And Fall isn't high season for bike sales. You hold all the cards on this deal.
Something to keep in mind... paying cash isn't really to your advantage when negotiating. The dealer would rather you financed it through them so they would make money on the loan. Not that it's a bad thing to pay cash, but it probably won't help with price.
The strongest card in your hand is your willingness to walk out if you don't get the deal you want. So long as you are willing to stand up and walk out, they will keep trying to sell that bike. And if you feel like you aren't being treated respectfully, turn your back on them and go. There are lots of bikes out there for sale by people who will treat you right.
Good luck. It's a great ride, so it'll be worth the effort in the end.