Ms. Vito is spot on, its what the final sale price of the vehicle is.

 

CBDV - depending on what type of SUV it is, you should be able to talk the dealer down more than 10,000. Find out how long the vehicle has been on the lot, I know after 75 or 90 days, somewhere around there, they have to start paying inventory tax on the vehicle, trust me they will want to move it. I talked dealer down 16,000 on my last truck I bought.

 

PM me what dealer Ms. Vito works at.....I might bring my business to her, as the few I've worked with are SHADY.

PM me what dealer Ms. Vito works at.....I might ring my business to her, as the few I've worked with are SHADY.

 

CBDV, call your county clerk's office. They are the ones who will ultimately decide.

 

If the dealer tells you incorrectly you're still liable for the correct tax. One way or the other you will have to pay the correct amount.

CBDV, please do exactly what Clyde said!!!

I'm confused. Why would you have to pay tax on $49,500 if you are getting the vehicle for $45,000? Why wouldn't the tax be on $45,000?

Tax is based on 90% of MSRP or 6% of selling price. Selling price is price after rebates. Whatever is cheaper. There is no trade in credit on new vehicles.

Tax is based on 90% of MSRP or 6% of selling price. Selling price is price after rebates. Whatever is cheaper. There is no trade in credit on new vehicles.

So if you pay MSRP you only pay tax on 90% of that?

So if you pay MSRP you only pay tax on 90% of that?

 

If you buy a new Ford Fiesta that has an MSRP of $19,000. 90% of that would be $17,100 and you would pay 6% of that. Total would be $1,026. Since the rebate is $500 and mark up is less than $500 tax figured on MSRP would be the way to go. Now 90% of $55,000 is $49,500. So they would pay 6% of $45,000 with no trade in credit.