Simple answer is: no. Is your VW dealer also a Honda dealer? You will get a check (or EFT) from VW. You could sign that check over to the Honda dealer. In most states sales tax is assessed when you register the car (which is usually when you buy it). What you sell your old car for has no effect on the sales tax paid on a new car. You will pay sales tax on the entire purchase price of the new car. This is true unless there is something weird about the way that Missouri handles car sales.
This is something that isn't very clear. Missouri doesn't care if you trade in. When you sell a car via private party sale you can use that sale price to offset your sales tax on the replacement car if you purchase/sell within 180 days if I remember correctly. That said, I still don't know exactly how they are treating this buyback, ie is it the same as a private party sale? If anyone calls the MO AG's office, please report back here. Thanks!
In Georgia you would pay sales tax on the entire $31,000 --
send in the form with copies of what paperwork you have.
My buyback is at 3:30 today.
Wrong......in GA, the sales tax is waived and then charged by the DMV for your tag fees.
Exactly?!?
We haven't sold our vehicles back yet, but I was told that whatever you receive in return for your vehicle will not be deducted from your taxes. I asked fairly explicitly about this, but perhaps they have found a loophole since then? I will inquire about this later today.
Technically it is a usage not sales tax I think.
You don't understand......Their is no sales tax on cars in GA as of 2012 or 2013. You pay a 1 time ad valorem title tax instead.
Exactly......I had to explain this to a salesman over the phone in Indiana. I kept telling him not to charge sales tax, I would have to pay the "title tax" when I registered it. (used 328 wagon...driving up today, picking up tomorrow)
That is the most reasonable response I have heard from MO DOR. When I went to pay the title fee/taxes on the Honda Ridgeline I purchased to replace my Jetta Sportswagen which I turned in the day before they would not take the transaction receipt I received from VW as proof. They called Jeff City and were told I needed a Notarized Affidavit of Total Loss which makes no sense. I then called MO DOR myself and after many "i need to check with my supervisor" later was told I needed a form 1957 Bill of Sale signed by a VW representative and myself. VW does not want to sign one of these and DOR said they are not required to by law. I will try sending int the 426 and copies of other forms as suggested above. I wonder if anyone has successfully received a refund from Missouri yet on a VW buyback.
I just did my buyback on Friday.
Which buyback documents are you sending a copy of? Just the Transaction receipt or something else? Did you get a Bill of sale from VW?
MO Form 426.
