- Jun 18, 2000
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I've been negotiating with a local dealer for a new Protege5. The $2250 rebate from Mazda spurred my interest in this vehicle.
It's a Midnight Blue P5 with the Moonroof option. Here is the break down of the quotation given to me. The "Minus Rebate" total is the final price - I would essentially cut the guy a check for this amount and the vehicle would be mine.
MSRP: $17836
Quoted price: $16836 (which is 200 over invoice)
6.5% Sales Tax: $17930
Title + Documentation Fee: $18010
Minus Rebate: $15760
Now here's the question. Is the sales tax supposed to calculated on the AFTER rebate price (in this case $14586) or BEFORE rebate price ($16836)?
Tax locally is 6.5%, which amounts to a ~$150 difference depending on when it's calculated on the subtotal. Any advice? Should I have him recalculate the sales price?
It's a Midnight Blue P5 with the Moonroof option. Here is the break down of the quotation given to me. The "Minus Rebate" total is the final price - I would essentially cut the guy a check for this amount and the vehicle would be mine.
MSRP: $17836
Quoted price: $16836 (which is 200 over invoice)
6.5% Sales Tax: $17930
Title + Documentation Fee: $18010
Minus Rebate: $15760
Now here's the question. Is the sales tax supposed to calculated on the AFTER rebate price (in this case $14586) or BEFORE rebate price ($16836)?
Tax locally is 6.5%, which amounts to a ~$150 difference depending on when it's calculated on the subtotal. Any advice? Should I have him recalculate the sales price?
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