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Old 06-06-2013, 01:38 PM   #3 (permalink)
DEpointfive0
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Oh, not sure how it is in your state, but here if you sell your car to the dealershit you're going to buy a car from, you don't pay sales tax on the value of your car that is put towards the new car.

Ex: You're buying a 50k car, 8% tax on it is $4k, $54k total
If they offer you $25k you only pay tax on the other $25k, so you end up paying $52k total. Which means they essentially bought your car for the equivalent of $27k
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