This is really weird, not sure how it is done in US, but in Canada, when you trade-in, taxes (13% in Ontario!) are calculated AFTER your trad-in value is deducted from the new car value. However, when I look at the Tesla breakdown, they calculated the taxes before the deduction, meaning PST (13%) on top of the new car value instead of $New Car- Trade In), see picture.
In my case, taxes have been calculated over $69,880.00, which equates to $9,098.70, should be 13% of ($69,880-$19,069.92), which is $6,605.30 not $9,098.70.
Has anyone in Canada notice that? I just sent a note to my TA to check that.
In my case, taxes have been calculated over $69,880.00, which equates to $9,098.70, should be 13% of ($69,880-$19,069.92), which is $6,605.30 not $9,098.70.
Has anyone in Canada notice that? I just sent a note to my TA to check that.