Quote:
Originally Posted by themnmd
Anyone else have the same rule as California when it comes to sales tax? Here the state charges tax on the full MSRP of the car. That is before any down payment, cash back or trade in. Would not be so bad except the tax is 8.5% where I am in San Francisco Bay area. So basically any negotiated discount and loyalty cash is negated. Sorry just a rant while planning my M5 order in the spring.
Rob
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Wait. You said full MSRP.
Let's say MSRP is $120,000, you negotiate down the price of the vehicle to $112,000. Forget everything else, you'd still pay tax on $120,000. That cannot be legal/true. You didn't buy something for $120,000.