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Everything You Ever Wanted to Know About a Dealer Doc Fee
2014-06-15 19:00:21| AutomotiveDigest.com - Automotive Industry News
What's a doc fee, anyway? Doc fees cover the cost a dealership incurs to process a vehicle purchase. In other words, they pay for all the paperwork (and personnel) involved with selling you that shiny new ride. Doc fees originated when dealerships separated their Finance and Insurance departments, commonly dubbed F&I, from the rest of the dealership around the 1960s. Doc fees can have a lot of names: conveyance fees, processing fees or service and handling fees. They can make a real difference in the final price, too, and where you buy your car can have a big impact. For example: a dealership in greater New York charge a $75 doc fee while a New Jersey dealer wanted $349. That's because New York state has a $75 maximum for doc fees, according to the Greater New York Automobile Dealers Association. New Jersey, like 34 other states and the District of Columbia, has no such cap. READ MORE to learn about dealer doc fees. The Article Everything You Ever Wanted to Know About a Dealer Doc Fee appeared first on Automotive Digest.
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Category:Automotive