Taxes..

Reply Subscribe

Thread Tools

Search this Thread

Mar 22, 2007 | 06:41 PM

shanki456

Thread Starter

Registered User

Joined: Mar 2007

Posts: 316

Likes: 0

From: Haverhill, MA

Taxes..

are taxes on the total price of the car?

Mar 22, 2007 | 06:45 PM

davidv

Registered User

iTrader: (2)

Joined: Jun 2004

Posts: 42,753

Likes: 11

From: Tucson, AZ

Yes.

Mar 22, 2007 | 09:15 PM

i8acobra

New Member

iTrader: (6)

Joined: Jul 2006

Posts: 8,017

Likes: 1,333

From: Phoenix, AZ

Depends on your state. Here in NV we just passed a new law that you only pay sales tax on the difference between your trade and the new car. If you buy a $30K car and get $10K trade-in for yours, you pay taxes on only $20K.

Mar 23, 2007 | 04:24 AM

bailey bill

Registered User

Joined: May 2006

Posts: 1,100

Likes: 2

From: sims, nc

Quote:

Originally Posted by i8acobra

Depends on your state. .

Yup! Right answer.

Some states have a max value and don't tax above that, and some states have a lower rate for auto purchases.

But...many states are full rate/full value.

I'm sure your state DMV, or the Department of Revenue can give you the correct anser for your state.

bill

Last edited by bailey bill; Mar 23, 2007 at 04:26 AM.