Hello,
Say MSRP for car is $30,000. It’s a demo/loner car. So MSRP has been decreased to $27,000. There is an additional incentive of $1000. I want to lease car for 10K miles per year for 3 years.
On what amount will I pay sales tax in Texas - on msrp of $30,000 or $27,000 or $26,000? Thanks
Tax is likely to be levied on the $27k, depending on the type of incentives applied (more likely than not, it’s a taxed incentive).
Use our calculator and select “Tax on selling price” under the Tax Method section to see how taxes are applied in Texas.
26K taxable.
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