Comments on: How can Fl charge sales tax on cash back on a new car sale. Price is advertised to everyone by franchised dea? http://newcarforsale.net/new-car-sale/how-can-fl-charge-sales-tax-on-cash-back-on-a-new-car-sale-price-is-advertised-to-everyone-by-franchised-dea Wed, 08 Feb 2012 02:01:24 +0000 hourly 1 http://wordpress.org/?v=abc By: stacy http://newcarforsale.net/new-car-sale/how-can-fl-charge-sales-tax-on-cash-back-on-a-new-car-sale-price-is-advertised-to-everyone-by-franchised-dea/comment-page-1#comment-754 stacy Sun, 15 Nov 2009 06:37:59 +0000 http://newcarforsale.net/new-car-sale/how-can-fl-charge-sales-tax-on-cash-back-on-a-new-car-sale-price-is-advertised-to-everyone-by-franchised-dea#comment-754 Most states charge sales tax on rebates as on a car the rebate goes to the dealer. Rebates for other things are taxable as most rebates are never payed as promissed because some are never applyed for or the companys never send them to you because you didn't submit the paperwork properly.<br><b>References : </b><br> Most states charge sales tax on rebates as on a car the rebate goes to the dealer. Rebates for other things are taxable as most rebates are never payed as promissed because some are never applyed for or the companys never send them to you because you didn’t submit the paperwork properly.
References :

]]> By: betrayedhusband http://newcarforsale.net/new-car-sale/how-can-fl-charge-sales-tax-on-cash-back-on-a-new-car-sale-price-is-advertised-to-everyone-by-franchised-dea/comment-page-1#comment-753 betrayedhusband Sun, 15 Nov 2009 06:30:59 +0000 http://newcarforsale.net/new-car-sale/how-can-fl-charge-sales-tax-on-cash-back-on-a-new-car-sale-price-is-advertised-to-everyone-by-franchised-dea#comment-753 Typically, rebates are considered AFTER taxes, etc. So if a car is $20,000 and there is a $1000 rebate and you have sales tax of 6% (hypothetical numbers here, I don't know Florida specifics) they are going to charge you $1200 in sales tax, bringing the total to $21,200 and then give the $1000 rebate, making your out of pocket or amount to finance $20,200. A rebate is NOT a reduction in the price of the car, but it is money given back AFTER the sale. You typically sign a form that gives the rebate directly to the dealer. You could wait for your check from the carmaker if you wanted to. HTH<br><b>References : </b><br> Typically, rebates are considered AFTER taxes, etc.

So if a car is $20,000 and there is a $1000 rebate and you have sales tax of 6% (hypothetical numbers here, I don’t know Florida specifics) they are going to charge you $1200 in sales tax, bringing the total to $21,200 and then give the $1000 rebate, making your out of pocket or amount to finance $20,200.

A rebate is NOT a reduction in the price of the car, but it is money given back AFTER the sale.

You typically sign a form that gives the rebate directly to the dealer. You could wait for your check from the carmaker if you wanted to.

HTH
References :

]]>