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re: Car Taxes

Posted on 5/19/10 at 7:48 am to LSUSVM02
Posted by jmtigers
1826.71 miles from USC
Member since Sep 2003
4972 posts
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Posted on 5/19/10 at 7:48 am to LSUSVM02
quote:
used car for $30,000





You pay tax on the purchase... the 30k. And whoever is buying your old car for 10k pays tax on that.
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Posted by seawolf06
NH
Member since Oct 2007
8159 posts
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Posted on 5/19/10 at 9:07 am to jmtigers
Depends on the state. Here in NC, you only pay taxes on the difference.

Edmunds says that in LA, you are only taxed on the difference.

LINK
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