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re: How do the taxes work when trading in a car?

Posted on 2/17/14 at 9:01 pm to
Posted by Tiger Vision
Mandeville
Member since Jan 2005
3710 posts
Posted on 2/17/14 at 9:01 pm to
So you just pay taxes on the difference of the new car sale price and trade in price of the old car. Thanks.
Posted by rpg005
Member since Apr 2010
700 posts
Posted on 2/17/14 at 9:18 pm to
What happens when you sell a car yourself then purchase one at the dealership? Do you still pay the difference in taxes?
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