Thread: Selling vehicle
View Single Post
      11-30-2012, 02:28 PM   #2
BigKutta
Brigadier General
BigKutta's Avatar
United_States
3897
Rep
4,046
Posts

Drives: 2020 M2C, 2019 330xi, 2017 Q7
Join Date: Jan 2012
Location: Washington DC Burbs

iTrader: (1)

Garage List
2019 330xi  [0.00]
2017 Audi Q7 3.0  [0.00]
2020 M2C  [0.00]
Here is how it works.

1) If you only sell your car to a dealer you get the money for the car and no tax (refund I assume)

2) If you trade it in and buy a new car from the same dealer at the same time, the tax on the new car will only be applicable to the difference between the new car price and the trade in.

Not sure why you would do 1), but I guess people take their car to CarMax
Appreciate 0