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      03-26-2012, 12:17 AM   #1
jaehshim
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Finally ED '12 M3! Help on Price! What's the Exact price I should calculate on?

2. Which is the correct calculation?

(A) {Car price + gas guzzler + destination + ($600 over invoice which the dealer asked)} x 1.07 (7% NJ tax) = Final Price

(B) {(Car price) x 1.07} + gas guzzler + destination + $600 = Final Price

(C) {(Car price + gas guzzler + destination) x 1.07} + $600 = Final Price

Last edited by jaehshim; 04-02-2012 at 07:25 PM.
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      03-26-2012, 07:25 AM   #2
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Option C.
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      03-31-2012, 08:46 PM   #3
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Quote:
Originally Posted by SamS View Post
Option C.
Not sure about that. That would mean he's paying tax on top of tax. Sales tax on top of gas guzzler tax. I don't see that happening
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      03-31-2012, 11:02 PM   #4
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Not sure about that. That would mean he's paying tax on top of tax. Sales tax on top of gas guzzler tax. I don't see that happening
Yep, you pay tax on gas guzzler. It is actually a tax collected from BMW by the govt. http://www.irs.gov/pub/irs-pdf/f6197.pdf

http://www.m3post.com/forums/showthread.php?t=659886
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      03-31-2012, 11:46 PM   #5
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Not sure about that. That would mean he's paying tax on top of tax. Sales tax on top of gas guzzler tax. I don't see that happening
Your question tells me that you never have taken a close look at your own paperwork... unless there's no sales tax in your state.
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      03-31-2012, 11:58 PM   #6
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Re-reading the original question, it's actually option A. Dunno if there was an edit I missed or I was half asleep that morning

Basically you pay sales tax on everything not related to title/registration.
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