Numbers in contract look off

[irvineboy]

Hi everyone, I am reviewing my contract and I am not sure how Rivian arrived at the numbers.


Vehicle with options is $77,700
It appears that they are adding 7.75% tax on $78,885 which is a figure I cannot determine how they got ($1,185 more than $77,700). How did they get $78,885?
Tax should be on the total vehicle price of $77,700 correct? $77,700 * 7.75% = $6,021.75 but they are saying tax is $6,113.59

Also, for #3 Documentation Fee / Dealer Preparation Fee the asterisk says
*Colorado Dealer Preparation Fee: this charge represents costs and additional profit to the seller/dealer for items such as inspecting, cleaning and adjusting new and
used vehicles and preparing documents related to the sale.

I am not in Colorado. I am in California. Is that $85 charged correctly?

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[COdogman]

Did you calculate on your own based on your local rate? Maybe they are using the wrong location for tax rate?

 

[Warmoth]

Rivian doesn't do well showing their math. Disregard the Cash Price of line 1.

What is the price of the R1 model + wheels + paint + underbody, etc.
Add to this value the Destination Fee and Documentation Fee.
This should equal line 6(a).

 

[irvineboy]

Rivian doesn't do well showing their math. Disregard the Cash Price of line 1.

What is the price of the R1 model + wheels + paint + underbody, etc.
Add to this value the Destination Fee and Documentation Fee.
This should equal line 6(a).

The total price of the vehicle with options is Line 1 = $77,700
Add destination fee of $1800 and Doc fee (do I get charged this if I am not in Colorado?) of $85. $77,700 + $1800 +$85 = $79,585.

 

[Warmoth]

In your purchase summary, one page below the page you screen shot, what is the "Vehicle Subtotal"?

 

[Warmoth]

For Example: R1S White with 20" bright, no PPF, no underbody, etc. $77,300. Dest Fee. $1,800. Doc Fee for Colorado $450. Line 6a would be $79,550.

 

[irvineboy]

Here you go

For Example: R1S White with 20" bright, no PPF, no underbody, etc. $77,300. Dest Fee. $1,800. Doc Fee for Colorado $450. Line 6a would be $79,550.

Here you go

I think I see what they did. They removed out the options of $700 and then taxed the options separately at $54.26. They removed the $700 from the total price of the vehicle so added tax. Then added tax of the vehicle + destination + doc fee + options. Roundabout way.

 

[Warmoth]

If in doubt, you can always contact your guide. I know I did when I first saw the numbers and had the same question.

 

[AxelR]

My favorite is the Colorado question…
That being said the calculations seem correct for California.

 

[Riviot]

Here you go

Here you go

I think I see what they did. They removed out the options of $700 and then taxed the options separately at $54.26. They removed the $700 from the total price of the vehicle so added tax. Then added tax of the vehicle + destination + doc fee + options. Roundabout way.

$700 is your accessories, it's taxed differently. What's that breakdown? Show that page.

 

[irvineboy]

My favorite is the Colorado question…
That being said the calculations seem correct for California.

Are only Colorado residents supposed to pay the $85 dealer preparation fee?

 

[HaveBlue]

Yea mine did the tax on the $1885. You lucked out by $700 taxable

 

[irvineboy]

I actually thought I lucked out but they just separated the tax in the options

 

[Zoidz]

...
Also, for #3 Documentation Fee / Dealer Preparation Fee the asterisk says
*Colorado Dealer Preparation Fee: this charge represents costs and additional profit to the

I am not in Colorado. I am in California. Is that $85 charged correctly?

My prep fee was $225 (Pennsylvania). I'm guessing that the Colorado wording is a legally required disclaimer on the document for Colorado, so it is worded like that on all of them for Rivian's convenience. My agreement says the same thing.

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