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Originally Posted by ArthurS
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Originally Posted by MikeK
I asume there is no tax with a private seller, but then you have the hassle of getting rid of your car somehow.
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There is sales tax on private party sales. It is based of the vehicles original MSRP or based on a appraisal you get at the DMV. |
In CA it's based on what you pay for the car. That allows family members to sell cars for $1.
But yes, I would be paying California taxes on $28,500. Naybe I can get the dealer to sell the car for $23,000 and give me $12,500 for the trade-in?