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09-09-2016, 11:35 AM
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#1 |
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マスタング = 遅い
Drives: 2017 Chevrolet Camaro SS 1LE Join Date: Aug 2015
Location: Florida
Posts: 7,061
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Is sales tax calculated before or after incentives/discounts?
For example, you had a $500 Farm Bureau discount, and a new GM Card member $500 discount, and so on...
I assume everything comes off, then sales tax is calculated, correct? I ask as sometimes dealer "cash backs" can be included in the sales tax amount. |
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09-09-2016, 11:49 AM
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#2 |
            
Drives: 2011 2SS/RS LS3 Join Date: Nov 2011
Location: Torrance
Posts: 14,426
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Pretty sure you pay the tax on the "before" price....
Rebates, cash-back, etc. are technically applied after you buy the car for the "full price".... Good luck. |
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09-09-2016, 12:14 PM
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#3 |
 
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I think some states differ so you will have to lookup your state laws, but in Florida this is how it works:
Base MSRP/Starting Price (Including Military, College, Employee, Supplier) - Add installed options (LPO or otherwise) - Add destination charge - Subtract Trade-in Value (getting $10k for your trade in, subtract from above price) ======= Subtotal - Calculate Sales Tax on Subtotal ======= Subtotal - Add Payoff of Trade-in above (If they're giving you 10k and you owe 6k, add 6k here) - Add Title/Tag/Tire/Environmental/Docs/Dealer/any other "fees that show up" - Subtract any Private Offer, Farm Bureau, Incentives, Rebates, Dealer discounts ======= Total you will pay
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2017 50th Anniversary Edition 2LT V6 6-spd Manual - Order TQHKNZ
Received VIN 08/23/16: 1G1FC1RS2H0127445 Dennis Vaughan @ Schumacher Chevrolet in Lake Park, FL 1100 - 07/09/16 | 9000 - 07/22/16 - Order Cancelled from Stingray Chevrolet 1100 - 07/24/16 | 2000 - 08/02/16 3000 - 08/03/16 | 3100 - 08/08/16 - TPW 8/22/16 3300 - 08/10/16 | 3400 - 08/11/16 3800 - 08/23/16 | 4200 - 08/29/16 4800 - 09/03/16 | 5000 - 09/07/16 6000 - 09/10/16 2013 2LS Build Page: 2 THE CAVE... I'm Batman! 2LS Blackout 2013 2LT/RS Build Page: The Evolution of Iron Man  |
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09-09-2016, 12:18 PM
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#4 |
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Drives: Love the one you're with Join Date: Sep 2009
Location: Downtown Charlie Brown
Posts: 11,850
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In Pa, I have never paid tax on anything but the bottom line cost that's one advantage to trading a car in too. The trade in is subtracted off of all other cost and you only pay tax on the difference.
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09-09-2016, 12:21 PM
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#5 |
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Bow Tie Fan
Drives: 16 Camaro 2SS Join Date: Jan 2009
Location: Dublin VA
Posts: 318
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In Virginia you pay tax on the price before the rebates. Virginia also does not give you credit for a trade-in like most states.
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16 Camaro 2SS 6M
60 Impala LS power 03 Silverado Z-71 12 Harley Davidson Ultra Classic Instagram: djinva88  |
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09-09-2016, 12:42 PM
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#6 | |
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Drives: Love the one you're with Join Date: Sep 2009
Location: Downtown Charlie Brown
Posts: 11,850
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Quote:
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09-09-2016, 12:47 PM
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#7 |
Drives: '22 Silverado 2500HD Duramax LTZ Join Date: Dec 2015
Location: Millington, MI
Posts: 4,775
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Most incentives and cashback are entered as a downpayment, hence tax on full price......
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09-09-2016, 12:49 PM
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#8 | |
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Drives: Love the one you're with Join Date: Sep 2009
Location: Downtown Charlie Brown
Posts: 11,850
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Quote:
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09-09-2016, 01:22 PM
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#9 | |
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マスタング = 遅い
Drives: 2017 Chevrolet Camaro SS 1LE Join Date: Aug 2015
Location: Florida
Posts: 7,061
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Quote:
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09-09-2016, 03:19 PM
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#10 | |
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Bow Tie Fan
Drives: 16 Camaro 2SS Join Date: Jan 2009
Location: Dublin VA
Posts: 318
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Quote:
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16 Camaro 2SS 6M
60 Impala LS power 03 Silverado Z-71 12 Harley Davidson Ultra Classic Instagram: djinva88 |
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09-10-2016, 05:43 AM
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#11 |
Drives: Black 2017 2SS Join Date: Jan 2012
Location: PA
Posts: 539
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The real scam is when they collect sales tax each time the car is sold again as a used car...
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2017 Black 2SS, M6, NPP, MRC, NAV, and black bowties - delivered 6/23/16
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