How is sales tax calculated when trading in a car that is valued more than the car you are trading it for? Example I'm looking at car for priced at $19,000 and getting $25,000 for my trade in. This makes the net price of the new vehicle ($6000). Now there is $25,000 owed on the trade in so this is a wash and the new total amount financed will be $19,000. I don't expect the DMV to write me a check but will anything be owed at time of registration?
Submitted March 16, 2017 at 10:54PM by dv8shredder http://ift.tt/2mywGQB
