Thread: Selling vehicle
View Single Post
      11-30-2012, 10:20 PM   #4
SamS
Brigadier General
 
SamS's Avatar
 
Drives: 2013 ActiveHybrid 3
Join Date: Jul 2010
Location: Dallas, TX

Posts: 4,494
iTrader: (0)

Quote:
Originally Posted by marsb007 View Post
What if I'm trading in a purchased vehicle for a leased vehicle? Do I get a credit for the taxes I already paid on the purchase towards the lease? Or will the taxes be refunded? Or do I lose all the money that I paid in taxes and I have to pay taxes on the new lease just the same as I would have had to anyway...
Taxes are never refunded. It would go to the taxes charged on the new vehicle.

You don't specify your state, but different states do things differently. In CA, I don't think you can use the sales tax credit via trade it, at all.
__________________
SamS is online now  
0
Reply With Quote