Looking to sell my '13 Z, requesting feedback

MMC Racing · 12-19-2013, 10:59 PM

The people brining up the tax advantages of trading - that is a state by state thing. Some states (Missouri) allow you to take the tax credit even if sold private party as long as you buy in a certain amount of time. 60 days if I remember right. California gives no tax credits on trades at all, so it is a nonpoint. I wonder what the OPs state does.

voided · 12-20-2013, 09:27 AM

Quote:

Originally Posted by MMC Racing

The people brining up the tax advantages of trading - that is a state by state thing. Some states (Missouri) allow you to take the tax credit even if sold private party as long as you buy in a certain amount of time. 60 days if I remember right. California gives no tax credits on trades at all, so it is a nonpoint. I wonder what the OPs state does.

I live in Arizona: we do indeed get tax credits for a trade, but I need to balance the trade price vs. possibility of private sale.

MMC Racing · 12-20-2013, 09:54 AM

Quote:

Originally Posted by voided

I live in Arizona: we do indeed get tax credits for a trade, but I need to balance the trade price vs. possibility of private sale.

Do you also get credits if you sell it private party and then purchase another vehicle within a set period of time? (like Missouri)

voided · 12-20-2013, 10:49 AM

Quote:

Originally Posted by MMC Racing

Do you also get credits if you sell it private party and then purchase another vehicle within a set period of time? (like Missouri)

To the best of my knowledge, no. I bought a used car via private party a while ago, and I never paid taxes to the seller.

12-19-2013, 10:59 PM	#1 (permalink)
MMC Racing Track Member Join Date: Jun 2009 Location: San Diego Posts: 661 Drives: 2015 GT-R Rep Power: 18	The people brining up the tax advantages of trading - that is a state by state thing. Some states (Missouri) allow you to take the tax credit even if sold private party as long as you buy in a certain amount of time. 60 days if I remember right. California gives no tax credits on trades at all, so it is a nonpoint. I wonder what the OPs state does. __________________ 2014 F150 Raptor, 2014 Mazda 3, 2015 Nissan GT-R

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