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re: spinoff thread: selling car to family member, dealership offering to facilitate the deal
Posted on 8/22/25 at 3:36 pm to BilbeauTBaggins
Posted on 8/22/25 at 3:36 pm to BilbeauTBaggins
When I was a kid my mother caught me facilitating
Posted on 8/22/25 at 3:41 pm to BilbeauTBaggins
If allowed as a “ pass through “ trade, you benefit from a sales tax savings.
The dealership has ALL the risk, liability and responsibility for paperwork, title, etc. ( a transaction fee of $500 is common)
A win, win for you.
The dealership has ALL the risk, liability and responsibility for paperwork, title, etc. ( a transaction fee of $500 is common)
A win, win for you.
Posted on 8/22/25 at 10:00 pm to BilbeauTBaggins
They get to ensure they make a sale by helping you out. There’s potential they can sell your family member an extended warranty. And of course they maybe able to get the financing for your family member. Doesn’t take much effort on their part.
I bought my wife’s cousins truck in this manner. He had to sell his truck to get into a cheaper vehicle and I needed a truck. Process was easy on my part. I showed up, told them our agreed upon price and that I had secured financing through my credit union. They came back and beat the rate, so they gained a new financing account they didn’t have to work for. I bought the extended warranty, which in hindsight was a waste of money or I just got lucky and nothing ever broke. The worst part about the deal was they couldn’t get the cousin’s financing situated, so eventually they finished my paperwork and I walked out the door.
I bought my wife’s cousins truck in this manner. He had to sell his truck to get into a cheaper vehicle and I needed a truck. Process was easy on my part. I showed up, told them our agreed upon price and that I had secured financing through my credit union. They came back and beat the rate, so they gained a new financing account they didn’t have to work for. I bought the extended warranty, which in hindsight was a waste of money or I just got lucky and nothing ever broke. The worst part about the deal was they couldn’t get the cousin’s financing situated, so eventually they finished my paperwork and I walked out the door.
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