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question about trading cars and titles

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  1. R_U_Nuts R_U_Nuts is offline

    South Bend, IN
    United States

    Posts: 7,865
    Joined: Jan 07

    Sep 3rd, 2011 (9/3/2011 4:08pm)

    If you trade a car for another car even up how much would you list the sale price as on the title? Could you list it at zero so you would not have to pay sales tax?
  2. wantagolf wantagolf is offline Moderator

    CA
    United States

    Posts: 20,349
    Joined: Jul 07

    Sep 3rd, 2011 (9/3/2011 4:15pm) in reply to R_U_Nuts

    $1.00
     
  3. utterczar utterczar is offline

    Houston, TX
    United States

    Posts: 6,754
    Joined: Apr 05

    Sep 3rd, 2011 (9/3/2011 7:06pm) in reply to wantagolf

    it varys in every state. some states go off of book value. most states, however, only charge on the difference of the transaction.. So sales price 5,000 and trade price 5,000 = 0 diff and 0 taxes. but, you will usually have to county fees and the obvious registration fees and title transfer.
     
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