02-28-2010, 06:02 PM
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#20 (permalink)
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A True Z Fanatic
Join Date: Jul 2009
Location: New Orleans
Posts: 1,088
Drives: 09 Silver Nismo
Rep Power: 18
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Quote:
Originally Posted by TheSnakeJake
when you trade in a vehicle to purchase a new one, you only pay tax on the difference in price.
example:
new car = $30,000 ; trade-in value = $20,000
you only pay tax on $10,000.
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Got you, thanks.
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