Quick car deal question
i don't see how that's double taxation on the gs-r but i guess it might work differently in NY than CA.
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'00 Dakar Bus CRS Edition
LCD Squad #0001
'00 Dakar Bus CRS Edition
LCD Squad #0001
Originally Posted by WiLL
...I really wanna get out and shoot people.
Originally Posted by ISP James
cuz when you bought it, you paid sales tax on it... so if they make you pay sales tax on the amt. that you still owe, that would be double taxation....
well no. because you aren't paying tax on the trade in value for the gs-r. you are paying tax on the new car then you subtract the trade in value from that total. but like i said the tax laws maybe different here.
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'00 Dakar Bus CRS Edition
LCD Squad #0001
'00 Dakar Bus CRS Edition
LCD Squad #0001
Originally Posted by WiLL
...I really wanna get out and shoot people.
You don't pay "sales tax" on them "buying" the tradein from you. But the taxes on the value of the tradein are not deducted from the taxes you pay on the purchase of the new car.
You pay sales tax on the full agreed-upon price of the car. The value of the trade is counted as a down payment for the loan.
You pay sales tax on the full agreed-upon price of the car. The value of the trade is counted as a down payment for the loan.


