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Sales Tax on Dealer Discount - California lease
I am aware that Incentives and Rebates from the Manufacturer are taxed in California. But I wanted to know whether Dealer Discounts are taxable as well.
So often I see dealers printing out Lease quotes for me which include a section simply labeled "taxes." Rarely is a breakdown offered showing what figure is being taxed.
So often I see dealers printing out Lease quotes for me which include a section simply labeled "taxes." Rarely is a breakdown offered showing what figure is being taxed.
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Some lease deal sheets show a total amount of tax. It’s often the total amount of the monthly tax, over the lease term. Other dealers may show you a “purchase option” that shows a tax number that is irrelevant for a lease.
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