8th Generation Honda Civic Forum - View Single Post

Vince · 04-03-2007, 08:17 PM

You pay tax, the "trade Difference". The price of the car - your trade in = waht you pay taxes on.

20000 (new car)
14000 (trade)
6000 that you pay tax on.

Simple.

04-03-2007, 08:17 PM	#7 (permalink)
Vince Senior Member Join Date: Jan 2007 Location: Platte City, MO Age: 36 Posts: 901 Stephen "Vince" Carter iTrader: 0 / 0%	You pay tax, the "trade Difference". The price of the car - your trade in = waht you pay taxes on. 20000 (new car) 14000 (trade) 6000 that you pay tax on. Simple.