Quote:
Originally Posted by Tom K.
Same thing in MD - you pay tax when you register the car. And if you buy from a dealer, the sales tax is only paid on the difference between the new car price and the trade in value - but the dealer handles the transaction and collects the tax.
I suspect that by trading, both the OP and the other party will pay full sales tax according to how the state values each car upon registration.
Tom
|
Not if a bill of sale is involved that states that both cars were traded as equal value.
But like I said, OP should contact the Local DMV as each DMV is different.