Can you trade in two used cars for one new one?

Depends on the value, I didn't believe you can get a New car + cash for a used car, until I saw it done.

Just depends on the values involved.

But know this... Tax season is the worst time to trade in a car. You are so much better off selling private party, then taking the cash and applying it to the new car..

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Here in Texas, one advantage to trade-in is that you only pay sales tax on the net amount (new car price less trade-in value offered).

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Anybody know if it is the same I'm Louisiana?

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Here in Texas, one advantage to trade-in is that you only pay sales tax on the net amount (new car price less trade-in value offered).




Anybody know if it is the same I'm Louisiana?

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I'm not sure about trade-ins, but I'm pretty sure if you were to sell your used vehicle for cash to a private party, you would only pay tax if you actually "made" money on the sale....as in you sold it for more than the book value.

IE: You're car is worth $5000 and you sell it for $6000. You would pay tax on $1000, since technically you only "earned" a grand.

Dcrew - u suck at taxes. The value of the car when u sell it is the sales price not blue book. You only have a gain if you sell it for more than you purchased it for. Also they are talking about sales tax not income tax.

Agreed. Sell both and then apply that to new purchase.