LTLFTcomposite
Well-known member
On a purchase, should the sales tax be computed on the amount before or after the $3500 NMAC cash and $100 LEAF loyalty are deducted?
LTLFTcomposite said:On a purchase, should the sales tax be computed on the amount before or after the $3500 NMAC cash and $100 LEAF loyalty are deducted?
Thanks for the link. So there you have it, my state basically benefits from an artificial inflation of the sales price.cwerdna said:Depends on the state.
http://www.edmunds.com/car-buying/what-fees-should-you-pay.html" onclick="window.open(this.href);return false;
afterLTLFTcomposite said:On a purchase, should the sales tax be computed on the amount before or after the $3500 NMAC cash and $100 LEAF loyalty are deducted?
I agree that's what it *should* be, but according to that article that isn't the case. So basically a manufacturer is screwing you when they offer cash back instead of just facing the reality that the product isn't worth it and cutting the price. When the rebate is $500 or $1000, it's easier to overlook, but these two incentives total $4500, resulting in paying $270 sales tax on phantom value for the product.apvbguy said:afterLTLFTcomposite said:On a purchase, should the sales tax be computed on the amount before or after the $3500 NMAC cash and $100 LEAF loyalty are deducted?
LTLFTcomposite said:Dealers want to add the tax onto the amount before the credits. I suspect they are pulling a fast one, 6% of $4500 is $270, which they would pocket and never send to the state.
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