I will be applying for an auto loan in the next few months from a credit union (considering NFCU, PenFed, and a local CU), and I live in a state (Missouri) where vehicle sales tax and title fees are not collected at the dealership, but must be paid by the purchaser within 30 days at a license office. As this cost is quite signifigant (~8% of purchase price), I'd like to include this cost in my financing assuming I can get it in under the approved LTV.
I've heard of some people having this cost included in captive financing through the dealership, and then the dealership cutting a check to cover the tax and title, but don't know if this is possilbe with CU financing. Doeas anyone have any experience with this type of arrangement? If my CU agrees to it, am I likely to run into any trouble with a dealer making it happen?
