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Rebates vs incentives Posted by Mike Lynch [Email] (#81) [Profile/Gallery] (more from Mike Lynch) on Thu, 28 Dec 2006 15:04:01 In Reply to: Probably a dumb question, ursaw, Thu, 28 Dec 2006 13:44:10 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Rebates are always taxable, deducted from the total price after tax and license. From time to time a manufacturer will give the dealer an incentive that can be deducted before the tax and license. If it's an advertised amount, itsa' rebate, incentives as soon as they become advertised revert to rebates as with GM Employees who can look up the incentives on a GM website.
The bigger the manufacturer, GM, the less they can get away with non-taxable incentives to the dealer. Used to be almost all the Saab incentives were to the dealer and non taxable, but now with Saab even more heavily folded into GM promotions, the incentives are mostly rebates now.
Similarly with leases, non taxable incentives are reverting to required cap reductions which wind up being taxable.
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