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tax exemptions for trade-in in CA (archive)

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Posted by pkts on April 29, 2000 at 21:08:31:

I live in California and am looking to trade for a M3. A helpful poster on this board mentioned that in some states when you trade a car in, you only pay sales tax on whatever the car you are buying is over the trade in value. Does anyone know what the law is in CA? Thanks.


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