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      03-28-2017, 09:34 AM   #26
katit
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Drives: 2017 F80
Join Date: Jun 2016
Location: STL

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Quote:
Originally Posted by bb1857 View Post
While I also agree that it is worth it to at least get a quote that you can use for leverage with your dealer you have to understand your states tax laws. Many states you are only taxed on the difference of the amount of the trade and new car. So if your trade is worth 30k and your new is 75k you are paying tax on 45k versus the entire sale amount. That can add up to a pretty big difference so I would do your due diligence and figure out which way is best after you get all your numbers.
In our state it doesn't matter, I can claim difference even after purchase
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