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Started By
Message
I’m about to purchase a vehicle from a dealer that is worth less than my truck.
Posted on 2/25/25 at 2:28 pm
Posted on 2/25/25 at 2:28 pm
The trade in value of my current vehicle is $47,000. I hoping to negotiate a price of $42,000 on the vehicle I’m purchasing.
If the above happens I know that the dealer will owe me $5K.
I’m writing to see, for sure, that i won’t owe sales tax. Who knows the answer to this?
If the above happens I know that the dealer will owe me $5K.
I’m writing to see, for sure, that i won’t owe sales tax. Who knows the answer to this?
5
Posted on 2/25/25 at 2:45 pm to NorthTiger
You will not owe sales tax.
Posted on 2/25/25 at 3:30 pm to tigeralum06
Posted on 2/25/25 at 3:47 pm to tigeralum06
quote:
You will not owe sales tax
2nd this. I bought a car 2 weeks ago and they deducted the trade from the taxable price
Posted on 2/25/25 at 8:47 pm to NorthTiger
You do not pay taxes if the value is greater. I traded two cars for one before and I didn’t pay taxes.
This post was edited on 2/25/25 at 8:48 pm
Posted on 2/26/25 at 6:04 am to NorthTiger
quote:
the dealer will owe me $5K.
They will find a bunch of extra bullsheet to add 5K to your purchase, service plan, extended warranty, clear coat, dog proofing tires, hamster traps.
Posted on 2/26/25 at 9:46 am to The Torch
Posted on 2/26/25 at 10:00 am to The Torch
(no message)
This post was edited on 3/31/25 at 10:50 am
Posted on 2/26/25 at 10:42 am to NorthTiger
When you do this, do you get taxed the 5k?
Posted on 2/26/25 at 10:47 am to The Torch
quote:
They will find a bunch of extra bullsheet to add 5K to your purchase
If they do, see if you can get them to put Nitrogen in your tires. 5K should cover it and you will never have to fill them again.
Posted on 2/28/25 at 5:21 am to OysterPoBoy
quote:
If they do, see if you can get them to put Nitrogen in your tires.
I mentioned to a tire counter person that offered to charge me a metric frickton of cash to put nitrogen in my tires that the air in the regular compressors was 78% nitrogen already.
He kind of rolled his eyes and assumed the position that I was too stupid to understand.
Posted on 2/28/25 at 6:08 am to NorthTiger
quote:
The trade in value of my current vehicle is $47,000
Prepare to be disappointed by the dealer's actual offer.
Posted on 2/28/25 at 6:58 am to Hangit
quote:
I mentioned to a tire counter person that offered to charge me a metric frickton of cash to put nitrogen in my tires that the air in the regular compressors was 78% nitrogen already.
He kind of rolled his eyes and assumed the position that I was too stupid to understand.
Well he just heard you tell him you wanted 22% of your air to leak out your tire.
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