Question on buying / registering a car out of state
#1
Question on buying / registering a car out of state
I have been trying to get an allocation for about 6 months. I found an out of state dealer that claims will be able to get me an allocation for a C2 or a C4 in Feb as they expect to receive one and I am the only one on the waitlist for either. Unlike my local dealers, no ADM. The catch is I have to register the car in that state. I do have a bunch of relatives in that state including my dad. Any suggestions on the most efficient way to do this? I assume I can’t be the buyer of record and just register it to my dad’s house. Do I actually have to have my dad buy/register and then buy it from him so I can then register in my state? That’s not ideal because there I believe there is a bit of a resale hit on having a 2 owner car. I wanted to make sure I wasn’t missing an alternative. Appreciate any suggestions.
#2
Firstly, why would you have to register it in that state? That is odd, as I have bought several cars out of state (new and including porsche) and have not had that "request". That is ridiculous, they must have some kind of quota on local/instate sales or something.
Secondly, the big problem with that is (if your dad were to be the purchaser, and you buy it from him) you are going to get doubled up on paying taxes (once in your dad's state) then in yours. Which probably eats away at any ADM you would pay in your state.
Give Porsche Beachwood in Cleveland a call (Kyle Roesch) - they may have a MSRP allocation coming up, and they will not make you go through this in state registration BS.
Secondly, the big problem with that is (if your dad were to be the purchaser, and you buy it from him) you are going to get doubled up on paying taxes (once in your dad's state) then in yours. Which probably eats away at any ADM you would pay in your state.
Give Porsche Beachwood in Cleveland a call (Kyle Roesch) - they may have a MSRP allocation coming up, and they will not make you go through this in state registration BS.
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Gohoos (01-20-2022)
#3
That does sound strange but there is absolutely no reason that you can’t buy the car register it in your name with yiur dad’s adress. Of course you will pay the local state and/or property taxes. You can immediately bring it to your home state which like most states likely give you a grace period to transfer the car over. You would only be charged a registration fee and not have to pay sales tax again.
exactly what happens when people move from one state to another.
exactly what happens when people move from one state to another.
#4
Firstly, why would you have to register it in that state? That is odd, as I have bought several cars out of state (new and including porsche) and have not had that "request". That is ridiculous, they must have some kind of quota on local/instate sales or something.
Secondly, the big problem with that is (if your dad were to be the purchaser, and you buy it from him) you are going to get doubled up on paying taxes (once in your dad's state) then in yours. Which probably eats away at any ADM you would pay in your state.
Give Porsche Beachwood in Cleveland a call (Kyle Roesch) - they may have a MSRP allocation coming up, and they will not make you go through this in state registration BS.
Secondly, the big problem with that is (if your dad were to be the purchaser, and you buy it from him) you are going to get doubled up on paying taxes (once in your dad's state) then in yours. Which probably eats away at any ADM you would pay in your state.
Give Porsche Beachwood in Cleveland a call (Kyle Roesch) - they may have a MSRP allocation coming up, and they will not make you go through this in state registration BS.
#5
That does sound strange but there is absolutely no reason that you can’t buy the car register it in your name with yiur dad’s adress. Of course you will pay the local state and/or property taxes. You can immediately bring it to your home state which like most states likely give you a grace period to transfer the car over. You would only be charged a registration fee and not have to pay sales tax again.
exactly what happens when people move from one state to another.
exactly what happens when people move from one state to another.
#6
That does sound strange but there is absolutely no reason that you can’t buy the car register it in your name with yiur dad’s adress. Of course you will pay the local state and/or property taxes. You can immediately bring it to your home state which like most states likely give you a grace period to transfer the car over. You would only be charged a registration fee and not have to pay sales tax again.
exactly what happens when people move from one state to another.
exactly what happens when people move from one state to another.
#7
I have heard this from some, but not all out of state dealers. I’m not sure if it is a push from Porsche NA or if they are doing it on their own because with local business they get the trade in, service etc. I’ve never bought a used car before, so I didn’t realize in a private transaction I would have to pay sales tax. That is very inefficient and would make this pointless.
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#8
Yeah, I did some digging and in NY this is definitely the case. I think some other states have different rules. I briefly looked into whether he could gift it to me for a later payment and or we could put it place some sort of loan arrangement but I think those don’t work with the IRS.
#9
Sheepishly, I have purchased a vehicle from out of state twice. In both cases I couldn't find the vehicle in my state.
It is rather easy depending on where you live. The dealer gives you the title transfer, purchase agreement and temporary tag. You take that to the DMV and pay state tax when you pick up the new tag. It is very simple in NM but I assume it's much more difficult in other states. Wiring the funds across state boundaries takes a bit of faith. One other thing to be aware of, the dealer in your state may give you a cold shoulder when taking the vehicle in for service. Good luck.
It is rather easy depending on where you live. The dealer gives you the title transfer, purchase agreement and temporary tag. You take that to the DMV and pay state tax when you pick up the new tag. It is very simple in NM but I assume it's much more difficult in other states. Wiring the funds across state boundaries takes a bit of faith. One other thing to be aware of, the dealer in your state may give you a cold shoulder when taking the vehicle in for service. Good luck.
#10
I have been trying to get an allocation for about 6 months. I found an out of state dealer that claims will be able to get me an allocation for a C2 or a C4 in Feb as they expect to receive one and I am the only one on the waitlist for either. Unlike my local dealers, no ADM. The catch is I have to register the car in that state. I do have a bunch of relatives in that state including my dad. Any suggestions on the most efficient way to do this? I assume I can’t be the buyer of record and just register it to my dad’s house. Do I actually have to have my dad buy/register and then buy it from him so I can then register in my state? That’s not ideal because there I believe there is a bit of a resale hit on having a 2 owner car. I wanted to make sure I wasn’t missing an alternative. Appreciate any suggestions.
Last edited by malba2366; 01-20-2022 at 12:40 PM.
#11
I don't think any state will let you register a vehicle there unless you can prove residency in that state. If your dad "buys" the car and then sells it to you then you will have sales tax due on the fair market value of the car - ie. if your dad sells the car to you at way below market price they will not accept that price when registering the car for sales tax purposes. Also if there is financing involved, the lien will have to be released before your dad can sell you the car. Overall a very messy situation and will be much easier and likely cheaper just to pay a small adm on a C2 or C4.
#12
I would sigh the purchase agreement using your father's address as nobody will bother checking it. When the car is on the ship from Germany, notify you dealership that you had to relocate and are now living in another state with a driver's license in that state. There are a number of different ways to register it in your state after that. The can give you temporary tags (in some states) a mentioned above, they can register it on your state for you, or in a worst case scenario, they can ship the care and title to you without registering it and you can go to your local motor vehicle departments and register it.
#13
I would sigh the purchase agreement using your father's address as nobody will bother checking it. When the car is on the ship from Germany, notify you dealership that you had to relocate and are now living in another state with a driver's license in that state. There are a number of different ways to register it in your state after that. The can give you temporary tags (in some states) a mentioned above, they can register it on your state for you, or in a worst case scenario, they can ship the care and title to you without registering it and you can go to your local motor vehicle departments and register it.
#14
Seems like the dealer actually wants the car permanently registered in that state. I have been told by a dealership sales manager that I contacted that Porsche is pushing dealers to sell in their "local" market; others have said that dealers do not get credit for a sale (which determines future allocations) to an out of market customer.
#15
Seems like the dealer actually wants the car permanently registered in that state. I have been told by a dealership sales manager that I contacted that Porsche is pushing dealers to sell in their "local" market; others have said that dealers do not get credit for a sale (which determines future allocations) to an out of market customer.
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AlexCeres (01-20-2022)