OK, I was at a dealership tonight and the sales guy was trying to convince me to trade in my car. He was saying that his price plus the tax savings would be more than what I was looking to sell it for on my own. My question is what is this tax savings that he is talking about?

Do they only tax you on what you wind up paying out of pocket for the car after the trade in?

 

maybe he meant that he would cut the price down on the car you wanted low enough that you save on the taxes? :dunno:

 

They tax you on the retail of the car.

 

ok that's what I thought. IDK what this dude was talking about then :dunno:

 

the dude was being a typical bser car salesman trying to do anything to get you to buy a car today/night. yes evn resort to lying or fibbing.

 

I figured as much. That is why I am at home w/ my GSR still in the driveway tonight :happysad:

 

no they dont charge sales tax on the value of the trade.... so cost of car - trade in then get tax rate on that .....

 

are you positive? If so the deal is looking up :rick:

 

yeah that would be double taxation on your gs-r, you already paid sales tax on it when you bought it....

i learned that car shopping with holly :rick:

 

hmmm :rick: