by thankyouOB (Posted Fri, 12 Apr 2013 22:33:33 GMT)
when you buy the car, you pay sales tax on the full price and get the federal tax rebate later.
car costs 30k
tax at 8% is 2.4k
total cost is 32.4k
after rebate = 24.9k
you dont get to pay 1.8k tax on 22.5k and pay 24.3k total after rebate. you dont save $600. it is paid in tax.
i would assume it works the same way for the car when it is bought by the dealer and leased to you. but the increase is factored into the sale somewhere.
when you buy the car, you pay sales tax on the full price and get the federal tax rebate later.
car costs 30k
tax at 8% is 2.4k
total cost is 32.4k
after rebate = 24.9k
you dont get to pay 1.8k tax on 22.5k and pay 24.3k total after rebate. you dont save $600. it is paid in tax.
i would assume it works the same way for the car when it is bought by the dealer and leased to you. but the increase is factored into the sale somewhere.