|
I agree to an extent. Might depend on the state, or the dealer.
When I traded my 2001 civic in for my S2000, I was given $10,500 for the civic towards the 26K on the S2K. So I paid taxes on the difference of the two. This is what made it worth it for me to trade it in, since I was only wanting $11K for the civic anyways(remember this was years ago), and I planned on buying the S2K for that price anyways.
But when I traded my last car in towards the Si, the dealer said I had to pay taxes on the price of the new car, period.
|