Cash rebates taxed?
Sorry if this is a long post, but couldn't really make it short. Went shopping for a new truck, and amazingly I found one that has pretty much everything I wanted, and very little that I didn't. ...
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Taking the cash was just a bad idea he said. And of course I find this out in the middle of signing all the paperwork, so I just used the rebates to discount the cost of the truck. Not a big deal really.
The oldest trick in the book at dealerships.
And always pulled 'after' you have signed the contract and are sitting in the finance mgr office.
And BTW the deal the salesman offered you already had that discount figured in before you ever left his office for the finance office. So sadly you didn't get any better of a deal. They plan on buyers not wanting to pay so-called taxes on their cash rebate.
