Thread: Trade in value
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Old 07-19-2007, 03:04 PM
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spiff72 spiff72 is offline
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Real Name: Jeff
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Default Re: Trade in value

Quote:
Originally Posted by jay_man2 View Post
That's not true in Virginia. The sales tax is calculated on the purchase price, not the net price after trade-in.
Same is true in Michigan, and it really pisses me off! We bought my wife's Honda in Chicago, and they started writing up our deal assuming that tax was based on the difference in price between new car and trade in. I had to stop him, since they didn't realize Michigan didn't do it this way. He commented that this sucked for Michiganders, and I had to concur!!

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