Quote:
Originally Posted by rbocc13
can u explain how i would lose money on the taxes? Not sure i'm understanding that.
Yea i paid tax on it when i got it and then if i sell it pvt and then buy another car i will be paying tax again but how is there any way to avoid the taxes besides keep the car?
it just worries me that as soon as warranty runs out i will need a $4k repair and that alone would make it worth getting into a newer car now with a warranty that extends further in the future.
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When u trade-in, u don't pay taxes. Actually u only pay taxes on a price difference vs full amount. That's about $1500. So if you can trade your car in for around $21k, I would gladly take it