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Mar 20, 2015 | 01:56 PM

#41

Joz132

Senior Member

Joined: Dec 2014

Posts: 202

Likes: 55

From: Chicagoland

Congrats on the new ride.

Get out and enjoy it (once the white stuff goes away) !

Mar 21, 2015 | 08:05 PM

#42

355rockit

Senior Member

Joined: Dec 2014

Posts: 312

Likes: 115

From: San Marcos, CA

Are incentives subtracted from the negotiated price of the car or from the negotiated price+ taxes? (example: Mark Your Territory incentive). The dealer said it is after taxes are added. Just want to confirm.

Mar 22, 2015 | 04:30 AM

#43

Unhingd

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Joined: Dec 2014

Posts: 16,948

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From: Maryland, US

Quote:

Originally Posted by 355rockit

You pay state sales taxes on the negotiated sales price from the dealer. Factory direct incentives are not considered by the state in their tax calculations. Example:
Dealer negotiated price on R - $100k
Sales tax @ 6% - $6k
MYT Incentive - $3k (may be in the form of a check)
Out the door - $103k
At least that's the way it works in Maryland.

Mar 22, 2015 | 10:54 AM

#44

Foosh

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Joined: Jul 2014

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From: Maryland, USA

Either way, it works out to be close to the same thing. In Lance's example above, if the incentive came off before sales tax calculation, OTD would be $102,820 vs. $103K.

Last edited by Foosh; Mar 22, 2015 at 10:58 AM.

Mar 22, 2015 | 03:04 PM

#45

355rockit

Senior Member

Joined: Dec 2014

Posts: 312

Likes: 115

From: San Marcos, CA

Quote:

Originally Posted by Foosh

Either way, it works out to be close to the same thing. In Lance's example above, if the incentive came off before sales tax calculation, OTD would be $102,820 vs. $103K.

Thanks for the info. I have a deal on 2015 'R' pending. The dealer accepted my offer, but is contingent on sale completing on my other vehicle next week.