The finance company sent me the original title on a new car. I am listed as the owner, but the finance company is listed as the 1st leinholder on the Title.
The dealership charged me the incorrect taxes for the state I live in ( 7% in Georgia, I live in North Carolina, taxes should have been 3%). I have not moved, the dealership screwed up the address, and they refuse to fix it. I do have a Georgia license, but live, work, and my trade-in was tagged in North Carolina. My license is in Georgia, because I own a home there. I think the fair thing to do would be for the dealership to reimburse me 4% (7% minus the 3% NC tax) of the tax fees.
Since I have the Title, is there anything I can do?? Everytime I have financed a car in the past, they don't send the Title until the loan is paid in full. I was under the assumption that the person holding the physical title was the owner. I'm not trying to get a free car, but they made a mistake, and will not correct it. Someone help please!!!
2007-02-05 08:35:59 · 3 answers · asked by Wenuk 2 in Cars & Transportation ➔ Insurance & Registration
You, not the state, are supposed to get the title. You are the registered owner, and the finance company is the legal owner. When you pay it off they will send you a lien release which will allow you to remove their claim to the vehicle.
Usually you pay the tax rate of the state you bought the vehicle in, not necessarily where you have your plates, but if you feel an error was made, contact the dealership and ask for explanation.
2007-02-05 08:54:21 · answer #1 · answered by oklatom 7 · 0⤊ 0⤋
If you have a Georgia Drivers License, then that is what they used to get the car titled and registered. Basically and legally, you can not live in one state and have a drivers license in that state, and then title and register the car in a different state. Your car is titled in the state in which you live. The dealership did nothing wrong. If you live in NC, you should have a NC drivers license, and then this would not have happened.
Different states have different rulings as to whether the lien holder holds the title or the owner holds the title. Perhaps in Georgia the owner holds the title even though there is a lien on the vehicle. In NY the owner holds the title, in NJ the lien holder holds the title. Kansas the owner holds the title, Missouri the lien holder. So different states are different. No matter who has or holds the title, you still can not sell the vehicle until that title is cleared/paid off.
Most states will not refund your tax. They will certainly charge you the difference if their state is more, but refunding tax is hardly ever heard of!!
So if you live and work in North Carolina...get your license there and avoid this problem the next time. You can drive in Georgia with a North Carolina drivers license you know!!!
2007-02-06 03:48:59 · answer #2 · answered by just me 6 · 0⤊ 0⤋
The title in is your name But with the 1st lean holder as to sign off on it before you can sell it or trade it. I would go to the state and ask them to correct the tax issue. You maybe sol because you have a Georgia drivers license but if the car is registered in N.C. I don't see why you aren't entitled to a refund
2007-02-05 09:10:48 · answer #3 · answered by Boston Mark 5 · 0⤊ 0⤋