wlean99

hi guys,just a quick question for those who have purchases thier vettes NEW. Does your state make you pay taxes on the mfg rebates (if you had any)? Cause here in N.J I just had it out w/ the state tax collector who is making me pay taxes on the rebates i got when i bought my 2013 g.s new.Already gave em a sackload of money! Now they want another 400$.
I know its just a gripe but Id like to hear from others in other states.Thanks, Will

Supercrewbear

Here in Oklahoma you pay sales tax on the ultimate price paid on a vehicle. If the car had an MSRP of $50,000 and you negotiated down to $45,000 and there was an additional $2,000 rebate you would have paid an actual price of $43,000. You pay taxes on that amount. If the actual purchase price is more than 20% below MSRP you have to pay taxes on MSRP-20% - on the $50,000 MSRP vehicle if the actual price paid was somehow $38,000 you'd pay tax for $40,000. ($50,000 - 20%[$10,000] = $40,000) That's not getting into any trade in situation... I believe they deduct the amount of the trade in from the actual price paid to calculate the tax - the reasoning is you've already paid sales tax on the vehicle traded in. I've never traded in...

fred flintstone

Here in Texas when you buy a vehicle, you are forced to pay the dealer's Vehicle Inventory Tax, which adds about $60. The tax code states clearly this tax is not a consumer tax & is supposed to be paid by the dealer, but they will never remove it from the purchase price & have been very nasty when you point that out. It is a tax that you can't deduct from your income taxes like other sales taxes. You are also allowed to register the vehicle yourself, but the dealers will never let you do that, charging you over $100 to do it. It's just profit for them, not a service as is claimed.

wlean99

hi crewbear,thanks for reply,I see your state has figured a way to tax you too if you got a great deal.I in fact did trade in my c5 for fairly decent money,of which come right off the price of a new car=paying less tax.So when I registered the vette 3 months ago the dmv asked me for 'X" and I paid it willingly. I then got subsequent requests from my state to get an affidavit from the dealer stating how much I actually paid for the car…REALLY! I sent them back a copy of my sales receipt which showed 6000 in rebates(customer loyalty) etc.I just called them so they could explain why they need an addtl almost 400$ MORE.They said "we always tax on rebates".I don't know ifs true but looks like I gotta fork it overThis state ,between property tax,sales tax,State tax,and anything else they could tax us on is just getting ridiculous .Sick of N.J

wlean99

yeah I guess we all got to pay our "taxes".

Garibaldi

In Massachusetts you pay on the sales price for sales tax, but there is an "excise tax" (evidently cars are a luxury) which is paid on the MSRP. Altogether about $4K.

MelAnn

You're using the wrong method of negotiation. When I make an offer, it is for "drive away" price. Then it's up to them to juggle the numbers however they wish. I've bought 2 new cars this year. Both times they didn't like my offer and said, "I can't take any more off here or there." I then tell them they can take off the cost where ever they want, but this is my drive away price. They either agree or I walk. They can always find some place to take off if they want to sell a car.

This method has work well for me since my first new car purchase in 1966.

tprice

DAMN, we get out cheap in SC

Our Sales tax on new vehicle purchases is capped at 5% of a max of $6K(yep max of $300 on a car purchase new or used)

However we do have yearly property taxes on them

Hate to admit it but not sure why our state has not increased that amount, hell been that as long as I can remember

jarin12ga

I Paid $2000 for sales tax in ma , for a 27K car. Plus I bought it in NH?? What a joke , the sale has nothing to do with MA. NH you have it made, so stop crying about $400 in taxes.

AV8TOR536

Bought a NEW Honda CRV,traded in my PU truck.
Honda was $26,000,they gave me $7000 for my truck,I got
$2000 off sticker, they gave me a $750 rebate.
Paid sales tax on $16,250,thats the way it works in Kansas.
7.3 sales tax.

saplumr

I'm pretty sure that's standard procedure in most states the only diff being tax rate %. I trade vehicles like changing socks so I seldom have to pay heavy tax due to the trade value but ours is only 5% and they kill us on annual personal property tax over and over.

wlean99

sounds like a good place to retire

wlean99

Who lives in n.h?

wlean99

Oh yeah I forgot about the"luxury tax" I paid as well.Any car that cost 40k and up has to pay an addtl tax.Sounds like your "excise tax".Im not bitchen so much as to pay my fair share of taxes,just think i shouldn't have to pay tax on the REBATES.It sounds like most other states don't charge tax on rebates given,just the final price paid and in your state and mine(N.j) a"luxury"tax as well.

Chuck Little

Michigan charges sales taxes (6%) on the sale price.

Dealers collect the sales taxes on the Total Sales Price. The state gets it's six percent on any rebates. You wouldn't get the rebate, if you didn't buy the car. Rebates are just like cash down and part of the payment of automobile.

Yes it is taxed. It sucks.

marc8090

In NY you pay tax on the price before the rebate. Just as if you bought something in any other retail store. You pay tax on the selling price, and then get money back from a rebate. With a car, the rebate just happens to be instant instead of waiting for it.

wlean99

All similar ways to get us!