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Joined: Jul 2003
Posts: 313
Member 2000 Toyota Celica
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Member
2000 Toyota Celica
Joined: Jul 2003
Posts: 313 |
Is that true that if i trade in my car to get another one i will not have to pay taxes on the new one? One of the sales guys that work in a dealership told me that, but i'm not sure if its true for only new cars or used as well? or is it true at all .
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Joined: Jun 2004
Posts: 1,869 Likes: 1
Specialist 2000 Toyota Celica
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Specialist
2000 Toyota Celica
Joined: Jun 2004
Posts: 1,869 Likes: 1 |
Yeps. You gotta pay taxes on the car that you are getting. I purchased a used car from a private party and I had to pay taxes based on the price of the car when I went down to DMV.
Aggressively Driven 2000 Celica GT-S 6 Speed
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Joined: Jul 2003
Posts: 313
Member 2000 Toyota Celica
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Member
2000 Toyota Celica
Joined: Jul 2003
Posts: 313 |
You said "yeps"? but i gues you meant its not ture? I mean i will stay have to pay taxes right? even tho i trade in my car? I mean do the dealership pays taxes when buying my car?
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Joined: Apr 2003
Posts: 111
Member 2001 Toyota Celica
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Member
2001 Toyota Celica
Joined: Apr 2003
Posts: 111 |
Um I think you will have to pay taxes when you reg the car with the dmv on the price of the vehicle even though you didnt "buy" it with cash, you used your car as the money.
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Joined: Jan 2004
Posts: 430
Senior Member 2000 Toyota Celica
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Senior Member
2000 Toyota Celica
Joined: Jan 2004
Posts: 430 |
in mass you gotta pay the tax upon registration but the registration is good for the lifetime for the vehicle unlike some other states where you register it every year.
when i bought used cars i always had them "gifted" to be and filled out the appropriate paperwork to get 'round the tax. some states go by kbb value and depreciate yearly registration fees as your car gets older.
Import Wars: 5/21, 6/18, 8/06, 10/08 Plymouth Meet: 5/28 HIN Boston: 4/30
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Joined: Nov 2004
Posts: 234
Member 2000 Toyota Celica
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Member
2000 Toyota Celica
Joined: Nov 2004
Posts: 234 |
just make the dealership give you the extra amount for the tax...if he told you that, thats what he should do for ya...im a firm believer in not letting the dealership fuck you over on anything...if they tell you that shit, make them pay for it if its not true or dont buy from them...they'll do it just to get the sale...
2000 Celica GT-S Spectra White Current mods: Magnaflow Cat-back Exhaust Currently saving for custom turbo....MUST BE F/I!!!!!
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Joined: Aug 2004
Posts: 479
Senior Member 2002 Toyota Celica
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Senior Member
2002 Toyota Celica
Joined: Aug 2004
Posts: 479 |
DMV in CT charges taxes based on BLUE BOOK value of vehicle; thus, if the seller tries to do you a favor and lowers the purchase price on the bill of sale, it doesn't matter any more.
Life is the sexually transmitted interruption of an otherwise peaceful existence...
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Joined: February 2004
Thank you.: special thanks to the car gods...keep providing shit-hot rides! Random: Stay Evil!
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