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re: OT Used Carsaleman Trick of the Day.
Posted on 9/15/22 at 12:50 pm to Sput
Posted on 9/15/22 at 12:50 pm to Sput
Is there a sales tax issue with the trade in?
Many states have laws that if you buy a new car in one state and then try to title it in another within a year that you have to pay the new states sales tax on the car. Since cars are a huge purchase this is to prevent people from traveling to tax friendly states to buy a car and save significant money.
2
Posted on 9/15/22 at 12:52 pm to AUFANATL
quote:
Many states have laws that if you buy a new car in one state and then try to title it in another within a year that you have to pay the new states sales tax on the car. Since cars are a huge purchase this is to prevent people from traveling to tax friendly states to buy a car and save significant money.
Please don't post about things you don't understand
Posted on 9/16/22 at 8:23 am to AUFANATL
quote:
Many states have laws that if you buy a new car in one state and then try to title it in another within a year that you have to pay the new states sales tax on the car. Since cars are a huge purchase this is to prevent people from traveling to tax friendly states to buy a car and save significant money.
If they are in LA, you gotta pay a sales tax almost regardless of time owning the vehicle. There may be some sort of sunset at some point, but we had to pay interest on a 7 year old van when we moved down there originally.
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