Destination and Documentation Fees

[AZFox]

Slate would need to keep a database of the customer's payments and have personnel to manage those kinds of sales.

I doubt Slate will do the loan servicing themselves. There are companies that specialize in servicing auto loans.

Edit: Speculating here (I know, right?)..
When someone finances a vehicle a collateralized Promissory Note is created. That note can be sold.

I would guess that Slate Automotive wants to be in the car business, not the auto lending business. For this reason, they'll sell the note.

The above assumes Slate Automotive creates the note in the first place, but that might not happen because the financing might be something that can be done by some other company that specializes in auto lending.

Think of General Motors and GMAC, now known as Ally Financial, where the vehicle is sold by one company and financed by the other.

 

[GoinPostall]

The CA DMV website finally decided to work. If the Slate is required to be registered as a truck, this is possibly what registration fees might be here. Hopefully they can find some kind of loophole so it can qualify for the Automobile registration.

 

[Imhotep]

Hopefully they can find some kind of loophole so it can qualify for the Automobile registration.

Since the bed isn’t separate from the cab, I think the Slate is no more a truck than an El Camino is. There’s your loophole.

 

[sodamo]

I can see that Rivian is accepting customer information to buy a Rivian. What I was concerned with was the ability of Slate to verify an applicant's information and take the step to enforce the loan when necessary. Slate would need to keep a database of the customer's payments and have personnel to manage those kinds of sales. To make that kind of sale over the Internet requires Slate to confirm the data provided by the customer using an Internet search and by calling the customer's employer after that phone number or email address had been independently verified.

I would expect Slate to have an arrangement with an existing finance organization, somebody like Ally Or even PayPal or Amazon.

 

[KevinRS]

Since the bed isn’t separate from the cab, I think the Slate is no more a truck than an El Camino is. There’s your loophole.

From looking at the California DMV page, it looks like if it has an open bed, and is under certain weights, it is a pickup truck. It's based on it being designed to transport property.
Only gets out of commercial if it has a camper shell permanently attached.

Looks like the registration fee difference is $87 which is a weight fee.
On whether it will be better to buy accessories and SUV kit separately depends on how slate sets it up. They may just have the 2 "sticker prices" for battery size and everything else is kept separate, even though they can be added to the financing.

 

[1yeliab_sufur1]

I found a easy chart that list fees per state but take it with a grain of salt since fees go up and down

https://caredge.com/guides/car-dealer-doc-fee-by-state

So for Arizona total fee would be 1,067 as a guide could be less could be more so total cost of a slate not including delivery fee

25,000+1,067=26,067 if at the 25,000 price but
If at 27,500+1,067=28,567

Now prices are dependent on final price reveals on slate’s side but a good reference for az potential buyers

 

[AZFox]

So for Arizona total fee would be 1,067 as a guide could be less could be more so total cost of a slate not including delivery fee

TL;DR: Try the AI bots at DuckDuckGo and Brave Search using this query:

[your state] new vehicle license and registration cost for 27500​

$1087 is not correct for AZ.
Arizona's formula for VLT is

MSRP x 60% x .028​

so​

27,500 x 60% x .028 = $462​

For AZ there are online calculators here and here.
I found them by searching for

Arizona VLT calculator​

Those exclude some other charges like the Registration and License Plate fees.

Then I tried the AI bots at DuckDuckGo and Brave Search using this query:

[your state] new vehicle license and registration cost for 27500​

where one of the AI bots calculated the result I pasted in this post. Note: I needed to click "elaborate".

 

[1yeliab_sufur1]

TL;DR: Try the AI bots at DuckDuckGo and Brave Search using this query:

[your state] new vehicle license and registration cost for 27500​

$1087 is not correct for AZ.
Arizona's formula for VLT is

MSRP x 60% x .028​

so​

27,500 x 60% x .028 = $462​

For AZ there are online calculators here and here.
I found them by searching for

Arizona VLT calculator​

Those exclude some other charges like the Registration and License Plate fees.

Then I tried the AI bots at DuckDuckGo and Brave Search using this query:

[your state] new vehicle license and registration cost for 27500​

where one of the AI bots calculated the result I pasted in this post. Note: I needed to click "elaborate".

Even though it’s straight from the adot website
https://azdot.gov/sites/default/files/2019/08/AZ-registration-fees.pdf

Well I was just going of of the averages though

 

[AZFox]

Even though it’s straight from the adot website

I didn't find the ADOT info helpful, so I found easier sources.

Mostly my reply to you was for helping people (in any state) find the information faster and easier than I did.

Just get an AI bot (or two, or three) to tell you what your

new vehicle license and registration cost​

will be in your state and for your predicted MSRP.

 

[AKrietzer]

Indiana also has a "Electric Vehicle Supplemental Fee" of $230.
Registration for small truck: $30.35, title: $10. Our sales tax is 7%.
The "average" documentation fee is $178, but it could range from $149 - $475. I suppose it is based on price of the vehicle. If I'm calculating this right, it would be over $2,500 not counting delivery. 😡

 

[1yeliab_sufur1]

I didn't find the ADOT info helpful, so I found easier sources.

Mostly my reply to you was for helping people (in any state) find the information faster and easier than I did.

Just get an AI bot (or two, or three) to tell you what your

new vehicle license and registration cost​

will be in your state and for your predicted MSRP.

Personally I don’t trust ai that much not that it’s bad per say but it’s definitely not the best all end all

 

[AZFox]

Personally I don’t trust ai that much not that it’s bad per say but it’s definitely not the best all end all

GIGO is as old as data processing itself.

Garbage In, Garbage Out​

There are certainly times AI results aren't trustworthy. This isn't one of them. Especially if multiple places provide the same answer.

That said, always "Trust, But Verify".