List of States That Do Not Tax Car IncentivesIf you're lucky enough to live in a state that doesn't tax car incentives, you could save a few hundred dollars.
For example, if your state has a tax rate of 7% and there's a cash rebate of $3,500, you're looking at a savings of $245.
Here are the states that do not tax rebates:
- New Hampshire
- Rhode Island
On a similar note, you should check to see if your state also taxes your trade-in allowance.
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid