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Old 07-30-2015, 01:39 AM   #8 (permalink)
mcphelps
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Join Date: Mar 2009
Location: Tucson, AZ
Age: 66
Posts: 113
Drives: 09 Sprt/Tr/Nav PG M6
Rep Power: 16
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In AZ, I just went though this buying a new car. I had a car that I owed what its was worth. The $12500 they gave gave for the trade in, even though it went to the payoff, was deducted from the taxable amount of the new vehicle.
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