A warranty is a protection plan, like insurance. If they can't fix it, they'll replace it. Therefore, if I buy a replacement TV with their "Gift Card", then taxes towards that TV should be exempt. Right?
2006-11-16 13:32:55 · 6 answers · asked by Anonymous in Consumer Electronics ➔ TVs
Hmmm....theoretically I'd say you are right (if you are referring to sales tax). I wonder, in reality, if it will work that way. I think you may get stuck with the tax if they use this method to "replace" your TV, unless the amount of the gift card is adjusted to take that into consideration.
2006-11-16 13:37:32 · answer #1 · answered by MOM KNOWS EVERYTHING 7 · 0⤊ 0⤋
You will have to pay taxes. However, if the price of the new tv is less than the gift card, the gift card may cover the taxes. This is one of the reasons I don't deal with Circuit City, they are not really honoring their replacement contract by replacing the actual item, which then would not have any tax on it.
2006-11-16 13:43:43 · answer #2 · answered by kny390 6 · 0⤊ 0⤋
If they gave you your money back in full on the gift card you have to pay taxes when you buy a new item. If the gift card is only worth the retail value before tax then you'll be paying the taxes twice. Check it out!
2006-11-16 13:42:30 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You'll have to cover sales tax on the new item.
2006-11-16 13:35:19 · answer #4 · answered by UNITool 6 · 1⤊ 1⤋
Exactly right
2006-11-16 13:41:05 · answer #5 · answered by frankmilano610 6 · 0⤊ 0⤋
i dont think so....you might want to go back and ask
2006-11-16 13:35:08 · answer #6 · answered by glduke2003 4 · 0⤊ 0⤋