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Showing results for tags 'admin fees'.
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I remember more than 10 years ago when I was buying used cars, the first payment to make was a. Down payment depending on how much you like to finance b. Insurance c. First month instalment (if under financing) d. Transfer fee of ownership of vehicle (2% of sale price if remembered correctly) It was all the while the above fees to pay for until government decided to set to transfer fee to a standard $11.00 regardless of make and model some 4 or 5 years ago in order to relieve our burden in getting a used car. I have heard from friends that an "Admin Fees" was implemented and we don't know which department of the government actually implemented this. After a recent visit to the used car market, I was quoted a standard sum of $800.00 for the admin fee usually while a few others quoted $500.00. Some dealers even told me depending on how they play with the price. They can also waive the admin fees but it was already mark up in the car price. So I assumed this "admin fees" was implemented by Used cars traders since there isn't a real standard. All dealers I have spoke to so far all said that this is a fee buyer "must pay". Does anyone pay for this fee recently when purchasing a used car?
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