Question about sales taxes and trade in

westchester335i · 03-23-2016, 01:24 AM

Quote:

Originally Posted by bmwm3nyc

Taxes are paid on sales price.in NY If it is 50 k and you are BUYING it not leasing it, sales tax is on the price of the item. Down payment makes no difference. Car costs 50000. Does not matter where money comes from to pay cash or cash trade combo. State still wants cut from 50000.

Totally false lol

BEM-S4 · 03-23-2016, 09:50 AM

Quote:

Originally Posted by westchester335i

Quote:

Originally Posted by bmwm3nyc

Taxes are paid on sales price.in NY If it is 50 k and you are BUYING it not leasing it, sales tax is on the price of the item. Down payment makes no difference. Car costs 50000. Does not matter where money comes from to pay cash or cash trade combo. State still wants cut from 50000.

Totally false lol

Haha yeah that is not even close to correct

WHL102 · 03-28-2016, 01:54 PM

Quote:

Originally Posted by BEM-S4

Haha yeah that is not even close to correct

Makes you wonder... I hope his salesperson didn't tell him that