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SportTrac Discussion
General Sport Trac Discussion
Trade-in vs sell
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<blockquote data-quote="David Ponder" data-source="post: 934913" data-attributes="member: 65447"><p>In Missouri, If I purchase a New or Used vehicle, it applies. If I trade in, it is deducted at that time, and if I sell my vehicle, I have 90 days to turn in the paperwork for a partial refund. For instance, </p><p></p><p></p><p></p><p>If I am purchasing a $15000 vehicle, and my trade in is worth $5000, I only pay sales tax on the $10000 in the state of Missouri.</p><p></p><p></p><p></p><p>If I buy that vehicle for $15000 without a trade in, I pay the sales tax on $15000 when I register it. However, If I then SELL my old vehicle outright for lets say $6500, I can submit paperwork to the state to get the difference in sales tax refunded. (So I would end up with tax on $8500 of that original $15000 amount paid)</p></blockquote><p></p>
[QUOTE="David Ponder, post: 934913, member: 65447"] In Missouri, If I purchase a New or Used vehicle, it applies. If I trade in, it is deducted at that time, and if I sell my vehicle, I have 90 days to turn in the paperwork for a partial refund. For instance, If I am purchasing a $15000 vehicle, and my trade in is worth $5000, I only pay sales tax on the $10000 in the state of Missouri. If I buy that vehicle for $15000 without a trade in, I pay the sales tax on $15000 when I register it. However, If I then SELL my old vehicle outright for lets say $6500, I can submit paperwork to the state to get the difference in sales tax refunded. (So I would end up with tax on $8500 of that original $15000 amount paid) [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
Trade-in vs sell
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