My New Ranger getting Repo'd !

[Squatchranger]

Suggestions ? And I told them to repo but THEY said not nessassary...

Dont use the word repo if it isn't a repo, what to replace it with is up to you

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[Elmosaurus]

Something I'm not sure I'm clear on, OP...

You basically said you just wanted your $17500 back and they can come take the truck back.

Did you have a trade in or anything, or did you just get an insane deal on that truck?

 

[WV Baptist]

It's all confusing because all states have their own agreements and whatnot with each other. According to this page, West Virginia residents will pay a 6% sales tax on vehicles purchased in Indiana. West Virginia's state sales tax is 6%. You would have to pay the difference between what you paid and what your total local sales tax was when registering the vehicle. So, this all seems real fucky.

I know every state is different, but when I've bought a vehicle out of state in Missouri, and then registered it in Kansas, I only paid the difference from what Missouri collected.

Yep definitely some confusion here.
I think confusion at least on an Indiana dealer or two. I’ve bought many vehicles over the years out of state in Ohio. And they always tell me to pay the tax in the state I’m titling (WV)

 

[DukeCanBuildit]

Something I'm not sure I'm clear on, OP...

You basically said you just wanted your $17500 back and they can come take the truck back.

Did you have a trade in or anything, or did you just get an insane deal on that truck?

I was thinking something similar - was that the OP’s down payment with the rest financed through a lease or loan?

 

[JesseS]

Something I'm not sure I'm clear on, OP...

You basically said you just wanted your $17500 back and they can come take the truck back.

Did you have a trade in or anything, or did you just get an insane deal on that truck?

I was thinking the same, $17500 for a '21 Scab is a crazy good deal, dealer made a mistake and wants it back Out here it would have been $10K more.

 

[Elmosaurus]

I was thinking something similar - was that the OP’s down payment with the rest financed through a lease or loan?

That scenario would definitely make more sense. Hope that's what it was.

Would be really messed up if the dealer had taken a trade on this also, because the trade would likely have been sent out for auction already.

 

[MountainGoat]

Just keep the truck and don't pay taxes to either state. All taxation is theft. Unplug the modem so they can't track you and hit the road. Don't stop for anyone. Live free.

 

[NotBudule]

Dont use the word repo if it isn't a repo, what to replace it with is up to you

Nah , ima leave it...i

Something I'm not sure I'm clear on, OP...

You basically said you just wanted your $17500 back and they can come take the truck back.

Did you have a trade in or anything, or did you just get an insane deal on that truck?

No , no trade , sold my old truck and wired them the. 17.5 ....Ford Motor Credit holds the rest... 22 something I think...

 

[DukeCanBuildit]

NotBudule,

You might want to look into this a bit deeper before you “cancel” the deal and let them have your truck. I don’t know jack about state taxes, but 18 years at a major bank has taught me a few things about financing and credit scores.

You are terminating the lease in a way that is likely to be deemed a “voluntary repossession”. My experience as a Business Banking Account Manager tells me that it will likely impact your credit score. I’ve seen it on credit reports and wasn’t able to provide financing for those customers. They thought they were okay but they weren’t.

For many lenders and credit bureaus, whether you tell them to come and get the vehicle because you won’t or can’t make any more payments is viewed the same as if you missed payments and they came and took it back. You may not “need” your good credit, but leasing, if you’re self-employed or a small business, can sometimes be better than purchasing or borrowing. This could mess that up.

Your case and the wording of your finance contract may be different but you should look into the downstream impacts of what you’re considering.

Don’t throw the baby out with the bath water.

 

[Glocker]

This is an increasingly common tactic with dealers and they even do it when the vehicle is sold to a buyer with-in their state.

 

[NotBudule]

phone rang. Again , waited till last ring ... Guy wants to know havw I contacted Ford yet in this , I said " (and this is total BS, ) sir , im on hold with them now , but im # 15 in the Q , what you need ? He said he is about to have a meeting with the GM and could I hold off a little ? I said , I don't want to lose my place really ,and have to start over , I said im not mad anymore , just tell me when your coming ... A little back and forth and then the " let me try one more time with the GM before we cancel the deal" .... Ok whatever , few hours wont hurt , but ya better hurry... PLAYTIME!

 

[NotBudule]

NotBudule,

You might want to look into this a bit deeper before you “cancel” the deal and let them have your truck. I don’t know jack about state taxes, but 18 years at a major bank has taught me a few things about financing and credit scores.

You are terminating the lease in a way that is likely to be deemed a “voluntary repossession”. My experience as a Business Banking Account Manager tells me that it will likely impact your credit score. I’ve seen it on credit reports and wasn’t able to provide financing for those customers. They thought they were okay but they weren’t.

For many lenders and credit bureaus, whether you tell them to come and get the vehicle because you won’t or can’t make any more payments is viewed the same as if you missed payments and they came and took it back. You may not “need” your good credit, but leasing, if you’re self-employed or a small business, can sometimes be better than purchasing or borrowing. This could mess that up.

Your case and the wording of your finance contract may be different but you should look into the downstream impacts of what you’re considering.

Don’t throw the baby out with the bath water.

All thats true , but I assure you , it will make NO finincial impact on me ... Not for the bad anyway...

 

[Racket]

You should never pay taxes to a state that you don't reside in. You would only pay the taxes in your home state. So the dealer was wrong in collecting taxes. It should have been on you to pay your state sales tax at your DMV. So the DMV was correct that they needed to collect tax. Your dealer should reimburse you the taxes that you paid to them.

I don't see how this is correct except you would be paying sales tax in the state you bought it in and an assessed value tax in the state/county you license it in. That's pretty universal and explains why a lot of military people license their vehicles in the state they are from (especially if the tax schemes favor them).

Bought my truck in Florida, paid all the sales tax and transferred my plates from another car. Moved to Georgia, paid a tax for registering it based on value. Good thing my county cut the rate % in half the year before.

Now if you return the truck maybe you are due back the taxes too?

 

[NotBudule]

I guess the meeting is over. , just called to tell me he's about to overnite me a check for the 2500 in taxes .... I give the long pause , ( can t resist messing with them , not at this point) " No , do NOT send that , last nite we agreed you were gona cancel the deal and get the truck , thats what I thought we were doing , I got the call saved , he says well yes , but now we have upheld our end , I said "the hell you say (in the nicest way you can say that) I said the deal was this was to have been done by YOU GUYS , I spent. 1 day DMV , half a day on phone , haven t slept and might have an ulcer now , I really appreciate the check offer but this whole thing just "tastes bad " ...ill just get one local one day , now are they bringing a flatbed or they gona drive it back?..... Pretty long silence on his end , then ae back and forth and I just ended it with , " well now ive got another headache due to this deal , im gona go lay done a while and think about it , if o DONT call you by closing time , send for pickup tomorrow.... He was still talking when I ended the call...... Should I squeeze that raptor grille out of him....

 

[Danager]

Time to change the title to “My New Ranger getting NotRepo’d !”

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