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. ...
Forum Discussion
Bumpyroad wrote:DownTheAvenue wrote:
In order for them to file a 1099, they have to at a minimum your social security number. If you foolishly allowed the dealer to run your credit and finance your vehicle, they had that information.
l.
what % of people pay cash for vehicles? the rest are foolish according to you since they have to establish credit. and many of the discounts are using the dealer's/mfrs. credit department.
bumpy
Bumpy-
According to the New York Times, 11.7% of buyers pay cash for their vehicles. You are right that sometimes there are incentives to use dealer financing, but unless one compares by first researching other finance options, then just walking into the dealer and automatically using the dealer to obtain financing, one is foolish.
