Quote:
Originally Posted by scrape1
One thing to consider. When trading in a car, you pay sales tax on purchase price minus trade in value. When selling your previous car, you pay sales tax on the full purchase price of the new car. With the 7% sales tax around here, you would save $1900 tax on a 27k trade in.
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This varies from state to state. Michigan, for example, is just now phasing this in over a few years. Check your local regulations.