Lease Buy-Out from TFS in Massachusetts = PITA

For Vehicles Purchased from a Massachusetts Dealer:

1. Ask the dealer to complete and stamp your Application for Registration and Title (RMV-1).
2. Contact a state licensed insurance agent and collect an active insurance policy from him If there is al lien on the vehicle, please ensure that all lien holder information is mentioned.
3. Visit a full service RMV branch office, and bring the completed title/registration form with you. In addition, you will need to provide proof of insurance, a Certificate of Origin (if it is a new vehicle), Dealer reassignment if needed, or the previous owner's title or the Bill of Sale and proof of registration if it is a vehicle that is not titled and exempt due to age.
4. If you are submitting the Certificate of Origin or the Bill of Sale, ensure that the selling date, purchase price and odometer reading are mentioned at the back of the form. The dealer and you must sign at the back of either form.
5. For vehicles that have been registered in another state, you must also bring the original, out-of-state title. If the title is unavailable, bring the registration document, along with proof of sales tax payment.
6. You must get a vehicle inspection sticker within 7 days of your vehicle being registered.

REGISTRATION FEES
When registering your vehicle at the RMV branch office, you will be required to pay certain fees, typically as follows:

1. The registration fee, which varies depending on the manufacturer's model year or the vehicle's total weight.
2. Title application fee which is $75.

There may be additional fees when you register, depending on your county. Contact the RMV branch office for the specific requirements.

 

good info ^^^ what does your insurance company tell you? tfs is signing the title over to you, correct? usually, you take the title to your insurance company, get the rmv1 form and go to the registry.

 

I am waiting for the part where Wakefield/ MA slams you with the excise tax. I found this out in a hurry last year when I bought a Pri. Nothing like being taxed twice.

p.s. like your cats. Very cute.

 

wow, i've never had that happen. always paid the state sales tax at the dmv.

not following you. if the dealer/tfs signs the title over to you, why should they sign the rmv1?

 

The instructions I posted say the dealer "stamps" the RMV form.
There must be Toyota dealers in MA who have done this dozens if not hundreds of times.