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Trade in tax incentive
So many states have a tax incentive to trade in your vehicle instead of selling privately. You're taxed only the difference of two cars. For example, dealer gives you $5,000 for your car and the cost of the new car is $20,000. You'll be taxed $15,000.
What happens if the value of your trade in is worth more than the car you're buying? Are you not taxed? |
This situation happened when I traded down from my Camaro SS. In Texas, if the trade in is worth more, you do not pay an excise tax, which is nice. Made the trade down possible
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How's that boba shop goin? |
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Kind of gave up on the boba idea. |
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Tuhbo your blue. Maybe you'll like it. I heard from dookie you were trying to sell him the car. :O |
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I give you good deal for my BRZ? |
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I want to be debt free when I graduate. lol As much as I would want it though. Ugh~ |
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