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How do the taxes work when trading in a car?
Posted on 2/17/14 at 4:32 pm
Posted on 2/17/14 at 4:32 pm
I haven't done this in a while but I seem to remember if you are trading in a car you don't have to pay the full amount of taxes on the new purchase or something of that nature. Does anyone know how this works?
1
Posted on 2/17/14 at 4:35 pm to Tiger Vision
The trade-in value is subtracted from the sale price before sales taxes are computed on the final amount.
This post was edited on 2/17/14 at 4:36 pm
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