The Documentary Preparation Fee is collected to offset the cost incurred
by our dealership in processing the paperwork associated with the sale or lease
of a vehicle. Dealers are responsible for the preparation and processing of
many documents for each sale or lease transaction while abiding by state and federal
regulations that ensure the safe and accurate handling of information. The doc
fee covers not only the processing and preparation of these documents, but also
the storing and archiving of these documents as required by state law. Actual
expenses incurred by the dealer and recovered by the doc fee varies by dealer,
location and transaction, but all transactions must meet many legal
requirements as detailed in the documents presented to the customer.
What are all these forms?
As you can imagine, vehicle transactions have become complicated and demand
an unwavering attention to detail. Many of the forms you are required to
complete are required by Massachusetts and federal laws; others are necessary
for accounting and financing; others are required by the manufacturer. However,
costs related to financing for the deal itself (obtaining and processing credit
applications, processing retail installment sale contract, etc.) are not
included in the dealer doc fee by law, nor is the Title Preparation Fee, which you
will see on a separate line item on your sales contract.
Your privacy is important to us
When processing a sale or lease, we are required to collect non-public, personal
information from our customers and we do not take that lightly. We comply with
all federal and state laws designed to protect your information, as well as
requirements established by franchisor manufacturers.
This list of rules, regulations, and administrative responsibilities
above are not meant to be comprehensive or exhaustive: they are for explanatory
and illustrative purposes only. If you have any further questions, feel free to
contact Chris Kramek, General Manager, at 413-442-1584.
