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Old 12-27-2011, 06:18 PM   #1
Touge86
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Default Help Me to Better Understand this...

So if you trade a car into a dealership towards the purchase of a new car, you only pay sales tax on the difference of the trade in value and the purchase price of the car.

BUT

If you sell your car private party, then turn around and buy another car, you have to pay sales tax.

So dealerships have the ability to make you pay less sales tax because they are a dealership? It seems kind of strange because either way you are selling your car and getting a new car. So why does it going through a dealership change anything in regards to what the government collects from you?
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Old 12-27-2011, 06:36 PM   #2
zizux
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It has nothing to do with the dealership part. Has to do with the purchase price. Purchase price is lowered when you trade in by the value of your trade.

You can in fact trade in to a private party, same rules apply.
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Old 12-27-2011, 06:40 PM   #3
Touge86
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The Dealership doesn't mark the vehicle sale price to the amount of the agreed sales price and then subtract the trade in. Paperwork still shows a sales value on the car and on the trade in.

So if can trade in to a private party, where would you get the paper work? Everything I found via the DMV shows that only a dealership can do that. Or are you saying you can pay the doc fees at the dmv and trade into a private party via the dealership?
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Old 12-27-2011, 11:37 PM   #4
Euclid
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You go through the dealership. When you find a buyer for the car the dealership handles all the documentation.
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Old 12-28-2011, 11:26 AM   #5
aclver1
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What car are you getting now? Ask Ryan, Sleepy Subie, he has his dealers license.
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Old 12-28-2011, 12:04 PM   #6
godfather2112
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They figure they are already raping you enough.
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Old 12-28-2011, 02:10 PM   #7
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Quote:
Originally Posted by Touge86 View Post
The Dealership doesn't mark the vehicle sale price to the amount of the agreed sales price and then subtract the trade in. Paperwork still shows a sales value on the car and on the trade in.
You only pay sales tax on the sale amount, the difference between the trade in and the sales price.

Quote:
Originally Posted by Touge86 View Post
So if can trade in to a private party, where would you get the paper work? Everything I found via the DMV shows that only a dealership can do that. Or are you saying you can pay the doc fees at the dmv and trade into a private party via the dealership?
There is no paperwork. You go into the DMV with your bill of sale that says you traded for an equally priced item and they will charge you no sales tax. It doesn't even have to be a car, just something you have already paid sales tax on.
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Old 12-28-2011, 03:25 PM   #8
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^Thanks Biggie.
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