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Corvette
C8 Forum
Which dealers exempted Luxury Tax for orders before 2022
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<blockquote data-quote="Exia" data-source="post: 322371" data-attributes="member: 7229"><p>Finch does it right because they submit the order into the system with the pricing at the time as well as a sales agreement. This allows them to bypass the luxury tax if you submitted a build to them and got on their waitlist before it came into effect.</p><p></p><p>The same thing occurred with my Blackwing, which I bought from Finch with a deposit and order submitted in '21 of June but my allocation didn't come up until September a week after the luxury tax came into effect. I didn't pay luxury tax because I had a signed sales agreement with options and everything. </p><p></p><p>If a dealer didn't give you a sales agreement before the luxury tax came out you will most likely not be exempt unfortunately. My local dealer does this, they won't submit a build into the system unless you're next in line and won't give you a sales agreement of your build because your #15 in line and whatever build you want pricing wise won't be accurate by the time your turn comes up a full model year later so they don't bother. </p><p></p><p>However its this sales agreement you need in order to avoid the luxury tax. Assuming you did it before September 2022. This is my understanding anyway, I don't believe a deposit is enough.</p></blockquote><p></p>
[QUOTE="Exia, post: 322371, member: 7229"] Finch does it right because they submit the order into the system with the pricing at the time as well as a sales agreement. This allows them to bypass the luxury tax if you submitted a build to them and got on their waitlist before it came into effect. The same thing occurred with my Blackwing, which I bought from Finch with a deposit and order submitted in '21 of June but my allocation didn't come up until September a week after the luxury tax came into effect. I didn't pay luxury tax because I had a signed sales agreement with options and everything. If a dealer didn't give you a sales agreement before the luxury tax came out you will most likely not be exempt unfortunately. My local dealer does this, they won't submit a build into the system unless you're next in line and won't give you a sales agreement of your build because your #15 in line and whatever build you want pricing wise won't be accurate by the time your turn comes up a full model year later so they don't bother. However its this sales agreement you need in order to avoid the luxury tax. Assuming you did it before September 2022. This is my understanding anyway, I don't believe a deposit is enough. [/QUOTE]
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Corvette
C8 Forum
Which dealers exempted Luxury Tax for orders before 2022
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