Quote:
Originally Posted by BRZfan
That (trade-in depreciation) AND any state sales taxes. In Michigan the sales tax is at least 6.0% (it may have been increased recently).
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Sales tax is less of an issue with trades. You only pay tax on the difference. In my recent case of Bimmer to BRZ my trade was worth more than what I paid for the BRZ and so I paid zero sales tax.