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Old 06-20-2011, 10:23 AM
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Location: Buford, GA
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Quote:
Originally Posted by sunny5280 View Post
Here in Colorado the trade in value is deducted from the selling price of the new vehicle when it comes to calculating taxes. In my tax area I save an additional 8% based on the trade in amount. If the difference between private party sale is less than 8% then it makes more sense to trade.
Same case in GA - you are only taxed on the price difference between the new vehicle and the trade-in value.
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2001 X5 3.0i (PP/WP/AP) Traded at 213K miles
RARE White on Black - Why does everyone get Tan??
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