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Brian & Illinois Saab Leasers - Tax Treatment of $5K
Posted by Timothy (more from Timothy) on Sun, 21 Oct 2001 11:18:15
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To Brian and others leasing Saabs in Illinois:
I live in Illinois and am looking to lease an '01 SAAB, leveraging the $5K and $500 owner loyalty incentives. FYI, in Illinois one is required to pay sales tax on the price of the car. Some dealers are telling me that the $5500 is taxable and the total sales tax is applied to my best price prior to taking the $5500 off. Another is telling me that the the $5K can be taken before applying sales tax, but the $500 owner loyalty is taxable.
I am very frustrated and need an answer so that I can close my deal. On the boards, I hear both stories as well. Thanks in advance.
posted by 66.119.10...
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