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The trade-in value of the vehicle can be deducted from the price of a new car, lowering the out-the-door price and thus the amount of taxes that need to be paid on it.
If you're planning to trade in a car that isn't paid off, what should you know about the process? GOBankingRates spoke to several automotive professionals about key considerations for trading in a ...
If you still owe money on your car but you're eager to buy a new one, trading in your vehicle might be a good option. However, it doesn't mean you're off the hook for your current loan. Before ...
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For premium support please call: 800-290-4726 more ways to reach us
For premium support please call: 800-290-4726 more ways to reach us
The used car sales tax is the state’s tax rate (7.25%) plus the city’s rate (2.25%), for a total of 9.5%. If you spend $20,000 on a used car, you’re paying $1,900 in sales tax.
Maybe you don't need your car anymore because you moved to an area where public transportation is more convenient and cheaper. Or maybe you want to switch it for another one, or your new job is ...