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Financing Question


Dropping__Chronic

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Ok I have a question:

 

If you buy a car that say costs 20k, and you put down 3k, is the tt&l based on 6% of the total, 20k, or just 6% of the total tax you are paying for the vehicle? (17k)

 

Thanks,

 

DC

 

 

All of it...unless the 3k down was via a trade (in most states), then you only pay tax on the difference.

 

:shift:

 

bj

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I was referring to that being the difference that would go into the car. Like trade in a car that you get 30 for, but only owe 27 on.

 

Make more sense?

 

 

 

I just assumed he owned a Camaro.

 

:hysterical:

 

 

bj

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Guest evilchris

I was referring to that being the difference that would go into the car. Like trade in a car that you get 30 for, but only owe 27 on.

 

Make more sense?

 

You have a term, they're only worth $1k on trade in. Now if you had a GT500, that would be worth $150k easy on trade.

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You have a term, they're only worth $1k on trade in. Now if you had a GT500, that would be worth $150k easy on trade.

 

 

I actually just compacted my lowly 04 Terminator, I wouldn't want to sully the grounds of some good dealership with such an unsightly piece of metal.

 

 

 

 

 

Destroy your 04's everyone, they are a blight upon the land and a lesson in what not to do with cars. :fan:

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