How much did you get your 2010 370Z w/ sports package OTD?

Originally Posted by shoopajae10 Why do you pay less taxes if you trade in your car? I've noticed this before on my 350z purchase when i traded in my scion,

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How much did you get your 2010 370Z w/ sports package OTD?

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02-28-2010, 04:38 PM

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TheSnakeJake

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Quote:

Originally Posted by shoopajae10

Why do you pay less taxes if you trade in your car?

I've noticed this before on my 350z purchase when i traded in my scion, i paid less taxes, does anyone know why this is?

sorry if this is noob question.

Quote:

Originally Posted by whoady4shoady

Im wondering the same thing. It doesnt sound right to me, but I hope it is true.

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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