In Reply to: Don't forget the tax break on a trade-in posted by Jim Scott on April 28, 2000 at 07:06:56:
: Example: You get $30,000 for your trade. The new or used vehicle you purchase costs $40,000. You only pay state sales tax on $10,000. With 9.5% sales tax trading your car for $30,000 would save you $2,850 dollars in sales tax.
: If selling to a private party you would have to sell it for more than $32850 (trade-in value + tax savings) for it to be worth you time.
: Jim Scott
: 99' M3 Techno