Price paid?

raym0016 · August 20, 2015

Helps on figuring sales tax too since there are no rebates involved.

Is sales tax really figured out on MSRP minus Trade and not factoring in rebates? I figured the final sales tax is decided after discounts/rebates and in some states, trade.

SouthpawHD · August 20, 2015

What was the MSRP on your new truck? Congrats!

Just under $49k.

dmaxwellh · August 20, 2015

Is sales tax really figured out on MSRP minus Trade and not factoring in rebates? I figured the final sales tax is decided after discounts/rebates and in some states, trade.

The rebates are taxed. For example, if a truck is 50,000 with a 10,000 rebate and 8% tax, the price is $44,000 and not $43,200.

The trade value is not taxed a 2nd time as this was paid at the time of original sale.

dmaxwellh · August 20, 2015

Just under $49k.

Thanks for the information. I was fortunate enough to get a similar discount this week on a new truck, also!

SouthpawHD · August 20, 2015

Thanks for the information. I was fortunate enough to get a similar discount this week on a new truck, also!

Excellent!!

For me, it was a good deal and hard to walk away from. But I had just gotten my '14 Silvy back in January, so it was strange to get rid of it so soon. But for my needs, this Sierra with max tow will be better in the long run for my needs.

dmaxwellh · August 20, 2015

Excellent!!

For me, it was a good deal and hard to walk away from. But I had just gotten my '14 Silvy back in January, so it was strange to get rid of it so soon. But for my needs, this Sierra with max tow will be better in the long run for my needs.

I did something similar. I had a double cab SLE purchased 16 months ago and upgraded to a crew cab SLT with navigation, leather, All Terrain, and other bells & whistles. The discount truly made the transaction VERY attractive by taking away much of the depreciation on my trade! I paid about $36k for the SLE last year and got 29k on trade. The new SLT listed for $52k and was discounted just shy of 13,500.

sprayed99 · August 20, 2015

The rebates are taxed. For example, if a truck is 50,000 with a 10,000 rebate and 8% tax, the price is $44,000 and not $43,200.

The trade value is not taxed a 2nd time as this was paid at the time of original sale.

This is only true in some states.

These states do not work that way.

Alaska
Arizona
Delaware
Iowa
Kansas
Kentucky
Louisiana
Massachusetts
Minnesota
Missouri
Montana
Nebraska
New Hampshire
Oklahoma
Oregon
Pennsylvania
Rhode Island
Texas
Utah
Vermont
Wyoming

Herd Thinners · August 21, 2015

So it seems Laura Buick GMC is the place to go do to their high volume of selling. Is there a Chevy dealership with the same stats. Let me know please

raym0016 · August 22, 2015

This is only true in some states.

These states do not work that way.

Alaska

Arizona

Delaware

Iowa

Kansas

Kentucky

Louisiana

Massachusetts

Minnesota

Missouri

Montana

Nebraska

New Hampshire

Oklahoma

Oregon

Pennsylvania

Rhode Island

Texas

Utah

Vermont

Wyoming

Thanks for the info. I have always bought my new vehicles in Minnesota. That is why I was unsure.

Herd Thinners · August 22, 2015

So it seems Laura Buick GMC is the place to go do to their high volume of selling. Is there a Chevy dealership with the same stats. Let me know please

Also why isn't everyone just flying there and driving it home. The deals seem killer. Am I missing something.

Raiderse · August 23, 2015

This is only true in some states.

These states do not work that way.

Alaska

Arizona

Delaware

Iowa

Kansas

Kentucky

Louisiana

Massachusetts

Minnesota

Missouri

Montana

Nebraska

New Hampshire

Oklahoma

Oregon

Pennsylvania

Rhode Island

Texas

Utah

Vermont

Wyoming

I can assure you Delaware and Pennsylvania taxes the rebates.

Matt_P · August 23, 2015

Well I found one of them 20% deals - 2015 Sierra SLT, CCSB, max tow. I did it and paid just over $37k.

Just under $49k.

$12k off a $49k truck is ~25% off the MSRP. How are you able to get the price lower than 20% MSRP? Are there other incentives that can be stacked with the 20% of MSRP deal?

Herd Thinners · August 23, 2015

So it seems Laura Buick GMC is the place to go do to their high volume of selling. Is there a Chevy dealership with the same stats. Let me know please

Also why isn't everyone just flying there and driving it home. The deals seem killer. Am I missing something.

ASME · August 23, 2015

That's what I did. Drove from Manhattan KS to St. Louis MO to Laura GMC and got a crew cab down from 48,400$ to 34,000$. No clue why more people don't do this.