MAGS1
Well-Known Member
- Joined
- Mar 6, 2020
- Threads
- 0
- Messages
- 102
- Reaction score
- 116
- Location
- Chicago area
- Vehicle(s)
- 2022 Mustang GT
Thatās pretty much how it works here in IL too. We also have to pay sales tax on private sales over a certain $$ amounthere in AZ you get a neat little deal for trading in. the tax is essentially from the view of new vehicle price minus trade in value. so, if you buy a $60k vehicle, but trade something in for $35k, you will only have to pay the tax of the remaining $25k. i dunno if this is a standard thing across the US
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