Last post on Oct 05, 2010 at 5:50 PM
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Car Buying, Car Financing, Car Selling, Automotive News
Oct 05, 2010 (10:20 am)
Can I pay the local taxes up front and not include them in the finance charge.
#21 of 21 Re: taxes [rock1016]
Oct 05, 2010 (5:50 pm)
Interest should just be charged against the net amount (selling price less down payment) you are financing. In most states the sales tax is based on the price you negotiated regardless of down payment made (some states let you deduct trade before calculating tax, but down payment still doesn't enter into it).