If I read this right, what you were paying tax on was the new vehicle...the one you got for the trade in. So you weren't paying sales tax on your Escalade again, but were paying on the new vehicle MINUS what tax Texas anticipated getting for your Escalade (from the ultimate buyer) when the dealer sold it. That's actually a good deal since you would have paid 6.25% of the entire value of the new car if you bought without a trade in.jamisjockey wrote:Salty1 wrote:"We traded in the wife's Escalade in October and got hit with a couple grand in sales taxes. We already paid tax on the darn thing in Virigina. We didn't buy it here. But because we were trading it in, we got whacked anyways"
sounds to me that you were duped by the salesman, when a car is traded in the value of that car is deducted from the purchase price of the new vehicle and you only pay sales tax on the net difference.... if you still have the paperwork I would go back to the dealership and demand a refund
Thats actually what we paid tax on, but it was still a chunk.
Getting the paperwork in order to register my boat. New Resident tax on both the boat and motor, seperately. $15 each.
And yes, we also paid the $90 new resident tax on each of our (2) vehicles.
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Return to “So on the radio today...”
- Sat Feb 12, 2011 11:42 pm
- Forum: General Texas CHL Discussion
- Topic: So on the radio today...
- Replies: 19
- Views: 4095