Forum Discussion

CHBurris's avatar
CHBurris
Explorer
Apr 12, 2014

Pay tax on MSRP or actual sale price?

We bought a new Fuzion a couple weeks ago in Colorado. Just got the title in the mail, and noticed that the price listed was the inflated MSRP, which was $50,000 more than we paid. So, we're sitting here wondering....surely we do not pay taxes on MSRP.?
Seeking Advice
  • romore's avatar
    romore
    Explorer II
    Apr 12, 2014
    That might be for insurance and property tax reasons. You pay purchase tax on the invoice amount.

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