I am not a sales tax expert but it seems that any money you received was not actually traded in. If you buy a car with a trade worth $20,000 but take $10,000 cash out, you are only putting $10,000 towards the new car. I would expect to pay tax on the price less $10,000, not less $20,000.
Yeah it seems weird but it’s basically just an exemption. It’s still you’re car whether a bank needs payed off in the end or not. 8 states do not offer the exemption so check your state tax rules before trading in your current ride.That’s what was explained...except for the fact that if you owed 20k on that car, you would get nothing back, they would pay off the bank, and you would get the tax benefit. I’m having a problem reconciling that.
Timeline for my Telluride purchasing.
May 14: Signed and paid deposit on the order on AWD SX Prestige Dark Moss/Gray interior.
May 15: The last day Kia allowed order on SXP.
May 16: The dealer informed they could not submit the order. Deposit refunded.
May 18: Sent emails to dealers searching SXP or SX.
May 22: A dealer emailed me they have a SX coming in Sunday May 26. Claimed it with $500 deposit.
May 24: Delivered, two day earlier than scheduled.
May 25: Picked up my Telluride.
AWD SX (Non-Prestige) in Dark Moss/Butterscotch. Floor mat, cargo net, wheel locks.
MSRP: 44,855
Selling price: 44,855
Rebate: 1000 (Kia loyalty) + 1500 (KMF rebate at 1.9% for 48 months)
Impression of Kia dealers in Colorado.
Tynan's Kia in Fort Collins: This is where I purchased and the farthest dealer I contacted (120 miles). Their initial asking price was MSRP, but no discount. We reached on agreement with only emails. They never tried ripping off. They seem like most responsive and transparent dealers I've ever met.
Phil Long Kia: My local dealer where I put the initial order. They were not bad, but they are not responsive and late to make my order to Kia.
I-25 Kia: They emailed me yesterday they would have 11 incoming Tellurides in June. Five of them are not spoken as of May 27.
Arapahoe Kia: Initial asking price was MSRP. They are good, but asked non-refundable deposit on orders. Offered me a SX coming in three weeks, but I gave up because of black+black colors, my least favorite.
Peak Kia (Three branches in CO): They asked thousands of mark up. Last dealer I'd visit.
Thank you! I feel like I stole it from you.Congrats @DRK !! I ordered a Dark Moss/Butterscotch AWD SX and I am only in the beginning of my long wait. Jealous you found one in the wild. Maybe I will have to bug you for pics every so often to tide me over, LOL.
So my wife wants a sx-p but they aren’t available. So today she says a telluride sx will work and I tell her let’s order one. I personally won’t pay msrp for a car. It’s just something I’m not willing to do. That feels like throwing dollars down the drain. The dealer says this to me.
“Okay I’m sorry I would love to earn your business but right now it’s supply verses demand”
That one comment made me decide not only at this time the telluride isn’t for me but i will never talk to this dealer again.
How is ordering a car supply and demand. I order a car they would never purchase otherwise. How is this supply? If they had it on the lot I understand. They will never even order this car now. Crazy.
Has anyone dealt with Kia Cerritos? I asked them about buying one from them, though I live 6 hours away. I said I could put a deposit and drive or fly down to pick up a specific color (black). They told me: "We will keep out fingers crossed it lasts until you arrive. We have had it happen twice now. One person from Utah and the other from Oregon. The cars only last a day or two so I cannot hold one for you. If you would like to drive/fly in, I can give you advanced notice when they arrive."
It sounds like they don't sell online, which is a shame in 2019. They have 17 Tellurides in stock according to their website if anyone is in the area.
These dealers are crazy. Why would you buy from them with the attitude? Since when do dealers not treat buyers like they mean something. Maybe I have been out of the buying game too long. Haven’t bought a car since 2012. Never been treated with such disrespect.
A dealer told me the same about 'the law of supply and demand', and showed me a msrp + mark up offer sheet. I walked away from that 'crazy' dealer. I came to know later many dealers were still asking only msrp, no mark up. I bought one from a 'normal' dealer and paid msrp - 2500 rebates.So my wife wants a sx-p but they aren’t available. So today she says a telluride sx will work and I tell her let’s order one. I personally won’t pay msrp for a car. It’s just something I’m not willing to do. That feels like throwing dollars down the drain. The dealer says this to me.
“Okay I’m sorry I would love to earn your business but right now it’s supply verses demand”
That one comment made me decide not only at this time the telluride isn’t for me but i will never talk to this dealer again.
How is ordering a car supply and demand. I order a car they would never purchase otherwise. How is this supply? If they had it on the lot I understand. They will never even order this car now. Crazy.
A dealer told me the same about 'the law of supply and demand', and showed me a msrp + mark up offer sheet. I walked away from that 'crazy' dealer. I came to know later many dealers were still asking only msrp, no mark up. I bought one from a 'normal' dealer and paid msrp - 2500 rebates.
Well, an insider mentioned on this forum that the price is going up by the end of this year or next by $2k. So technically you are getting a deal if you buy it at MSRP nowYou are ok with paying msrp? I guess I don’t understand here. Since when do people pay msrp. In 6 months when the vehicle is worth 10k less than when you bought it how is this a deal? The dealers should take some of the risk. Give me something. 2k plus incentives. That’s my bottom dollar
My local dealer will sell for msrp -incentives. I personally won’t touch for a penny less than 2000 off of msrp and incentives. I don’t need a telluride that bad. I understand if they have a car sitting there they have the bargaining power. I however want to order one and wait for 3 months to take possession. Why on earth would they not think this is a good deal for them. This is a car they would never purchase and sell if not for me ordering it. I think they are missing the bigger picture. How many people have walked away over this kind of stupidity. I will guarantee Kia wants to sell as many as they can. Not gouge and sell less. Makes no sense to me.
You are ok with paying msrp? I guess I don’t understand here. Since when do people pay msrp. In 6 months when the vehicle is worth 10k less than when you bought it how is this a deal? The dealers should take some of the risk. Give me something. 2k plus incentives. That’s my bottom dollar