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

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 ;

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

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02-28-2010, 06:07 PM

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NCSUPACK09

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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.

You could finance the whole $10k or pay it all in cash, but the sale price is still $10k after trade-in. Tax would still be the same amount.

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