| 07-11-2024, 05:24 PM | #1 |
|
New Member
0
Rep 11
Posts |
tax calculation?
I heard X5 buyers need to pay NJ State sales tax 6.625% and luxury car tax 0.4%. How is the taxes calculated, based on net car price+destination or only based on net car price?
Thank you! |
| 07-11-2024, 05:56 PM | #2 |
|
General
 
17435
Rep 24,498
Posts |
Destination is included in the purchase price of the vehicle and it should be based on that minus any trade-in but verify with your dealer or state.
__________________
2021 BMW G20 M340i xDrive - Verde Ermes/Black - 03/2024.40
2019 BMW G05 X5 xDrive40i - Phytonic Blue/Cognac - 11/2023.50 |
|
Appreciate
0
|
| 07-11-2024, 07:10 PM | #3 | |
|
Private First Class
 118
Rep 140
Posts |
Quote:
Rebates are not included so if you are getting a rebate from BMW, this does not lower the taxable price. Just reduces the amount you owe. Your dealer should give you a breakout in the build order. |
|
|
Appreciate
1
HelenEcar0.00 |
Post Reply |
| Bookmarks |
|
|
