Not sure why you would assume 0%? Capped taxes would be financed at the MF just like any other capped item.
NY is an outlier and the discrepancy there is related to sales tax on capped taxes.
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0% for additional interest, not referring to MF.
I still haven’t been able to figure it out. I even tried taking the amount of tax it calculates before hitting the cap taxes button, and then applying tax to that number, and it is still off by a little bit. I’ve trying manually calculating the tax on all the different taxable line items, adding those up, in different ways, and taxing them, and I can’t find any combo that matches exactly.
When calculating taxes, does your state include acquisition fees and dealer fees into the tax base? Mind sharing a sample contract?
Just FYI for VA: it does not.
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I think in NY, anything that isn’t already a tax itself, is taxed, from my understanding.
Great. There are many similar applications for calculating, but I think this one will not hurt, I will try it next month.
Option to capitalize tax added to the calculator, customizable for NY state.
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can you also add nissan MSDs lol
This is great for NY. Thank you!
Is it a national program? What is the policy? We are not familiar.
doesn’t save much, but it’s also not a lot of MSD.
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In Va, the Doc Fee is taxed no? Acquisition is not.
Speaking of fees, @wam22 just explained to me that the acquisition fee for Porsche has increased from $895 to $1095. @littleviolette Could you make that adjustment as well?
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@littleviolette it appears the “zero drive off” button isn’t working anymore for me. I’ll PM you an example.
Nothing is taxed in VA other than the selling price, AFAIK.
Done. Also updated Porsche’s disposition fee to $595.
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I have struggled to replicate VA taxes accurately, hence the question and not an affirmative statement, but I managed to match a couple deal sheets with doc fee taxed.
According to the Virginia DMV Study Guide, it seems as though Doc fees are taxed.
Would love to get an expert opinion here
2b is obviously outdated as is 4% tax (it is 4.15%). I can pull my contracts and calculate, when have time. No idea what all these taxed/not taxed bullets mean.
The dealer processing fee is:
- Not subject to a tax.
It’s a multiple choice test with the correct answer listed after the bullets