Getting a headache...Math anyone?
12/11/04, 08:06 AM
#22
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Originally posted by SurfnSoCal@December 10, 2004, 2:35 PM
ok, if you don't mind...how did you find this out or figure it? I am sure I will feel stupid after you tell me, but I must know.
ok, if you don't mind...how did you find this out or figure it? I am sure I will feel stupid after you tell me, but I must know.
12/11/04, 08:08 AM
#23
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Originally posted by GhostTX@December 10, 2004, 2:58 PM
Taxes don't apply until the final sale price of the car. So car price minus trade-in minus downpayment equal taxable amount.
Taxes don't apply until the final sale price of the car. So car price minus trade-in minus downpayment equal taxable amount.
12/11/04, 08:09 AM
#24
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Originally posted by cyoda44@December 10, 2004, 3:54 PM
At least I get to deduct the sales tax off my taxes this year....
At least I get to deduct the sales tax off my taxes this year....
...no options
12/13/04, 05:54 AM
#26
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Originally posted by b_btrick@December 10, 2004, 10:33 PM
Hey, three questions:
Is that right about only paying taxes on the owed amount (after trade-in and down payment)?
Thus, if I pay cash for the car, no taxes?
What the heck is upside down (somehow i feel like I am walking into a joke with this one but ... ) ?
Hey, three questions:
Is that right about only paying taxes on the owed amount (after trade-in and down payment)?
Thus, if I pay cash for the car, no taxes?
What the heck is upside down (somehow i feel like I am walking into a joke with this one but ... ) ?
Here in Northern CA (S.F. Bay Area) our sales tax ranges from 8.25% to 8.75% depending on the county. Car dealers in my area say to add 10% to the sales price of the car to figure what it will be "out the door" with tax and DMV fees. Sales tax in SoCal is generally lower, so adding 9.25% or 9.5% should work there.
Hope this helps.
- Jim