Those who got rebate: Closing tomorrow, Rebate applied B4 or after tax?

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cohocarl
Posts: 1478
Joined: Mon Jul 01, 2002 9:45 am

Those who got rebate: Closing tomorrow, Rebate applied B4 or after tax?

Post by cohocarl »

My car is in, and I'm signing paperwork tomorrow!! But I've got a quick question before I close. His draft of the settlement statement shows the state tax calculated on the total before the rebate is applied. I was wondering if the rebate should be applied before tax is calculated. If you received a rebate, and have your paperwork handy, could you see if the rebate is taken off before or after tax is calculated? Thanks,CarlP.S. Should be driving my base Shadow tomorrow night!!!
Sold 6/16/04 03 Vibe 5-speed, Hotchkis Sway Bars & Springs, Hooker Aerochamber, Panasonic Stereo, Hitch, Silverstars,04 Saturn Vue 2.2L Ecotec, 5-speed, 01 Stratus R/T Coupe 5-speed (wife's car) 85 Corvette 268 CompCam, 882 heads, FlatTops, 24lb injectors, Hooker Aerochamber true duals, 58mm TB, Holley AFPR, Siamesed intake base, Polished TPI.
rasermon
Posts: 2156
Joined: Mon Jul 29, 2002 10:07 am

Re: Those who got rebate: Closing tomorrow, Rebate appli ... (cohocarl)

Post by rasermon »

Hi Carl, looking at my paper work. Rebate is after taxes and GM discount before taxes.
Satellite 03 GT Retirement ----> Moderator for Genvibe.com 2002 - 2007 A fact of life: After Monday and Tuesday even the calendar says (removed)
NSimkins
Global Moderator
Posts: 3091
Joined: Sat Jun 08, 2002 5:43 am

Re: Those who got rebate: Closing tomorrow, Rebate appli ... (rasermon)

Post by NSimkins »

quote:Hi Carl, looking at my paper work. Rebate is after taxes and GM discount before taxes.Same here. Rebate after taxes.
cohocarl
Posts: 1478
Joined: Mon Jul 01, 2002 9:45 am

Re: Those who got rebate: Closing tomorrow, Rebate appli ... (NSimkins)

Post by cohocarl »

quote:Hi Carl, looking at my paper work. Rebate is after taxes and GM discount before taxes.Same here. Rebate after taxes.THANK YOU FOR THE QUICK RESPONSES!! I was hoping the rebate came off first before the tax is calculated. I realize it would only be $60 (6% MI state tax), but better in my pocket than the state's. Thank again,Carl
Sold 6/16/04 03 Vibe 5-speed, Hotchkis Sway Bars & Springs, Hooker Aerochamber, Panasonic Stereo, Hitch, Silverstars,04 Saturn Vue 2.2L Ecotec, 5-speed, 01 Stratus R/T Coupe 5-speed (wife's car) 85 Corvette 268 CompCam, 882 heads, FlatTops, 24lb injectors, Hooker Aerochamber true duals, 58mm TB, Holley AFPR, Siamesed intake base, Polished TPI.
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