It depends on the tax regulations of your state but my guess is it will be considered a trade if the buy back and purchase of a replacement are done within a limited period such as a day or two.when I do the buy-back on one vw contract-- then purchase a car at the same dealer, on another contract. WillI get tradein credit for sales tax savings?
Any other person that buys a new car at that time would be paying sales tax. Why would you be excluded from having to pay it?I have written to my local state Representative asking for assistance on this matter. I expect every resident of Massachusetts who chooses the buyout will be buying another car. Why should we have to pay additional sales tax that other drivers don't have to pay?
You are going to open up a huge can of worms....I have written to my local state Representative asking for assistance on this matter. I expect every resident of Massachusetts who chooses the buyout will be buying another car. Why should we have to pay additional sales tax that other drivers don't have to pay?
Haha. Nice. I've got folks in NH. Scooting up to visit them soon.You are going to open up a huge can of worms....
Not all the $$ you get paid for is for the car....it's for the car and extra "settlement" amount...
If the state gets involved, it will only get more complex.....
Think of this deal being like selling your car on Craigslist....then buying a car...taxes are charged based on the sale price of the bought car....you can save a trivial amount based on the reduced price paid due to a tradein...
If you don't like it...MOVE. just don't come to NH....too many mass folks are already here!!
While you are here, feel free to stop at one if our newly remodeled highway rest stops...now with larger and improved liquor stores!!Haha. Nice. I've got folks in NH. Scooting up to visit them soon.
Yup. I don't drink all that often (I get months out of a handle of booze). I tend to wait until a trip up your way to stock up. I went a bit overboard my last trip up, so I think I'm good to go this time.While you are here, feel free to stop at one if our newly remodeled highway rest stops...now with larger and improved liquor stores!!
Hey...it'd unconventional, but if selling booze to out of staters keeps me from having a SALES TAX AND AN INCOME TAX, why not?!
You don't show that you have a car in this buyout, so why do you keep criticizing it? And you don't like the survey so why even post on this thread?Totaling your 2009 through 2014 might be a better option. It is guaranteed that VW will pay the least possible buyout for there lame ass buyout program.
Ah no. I do not do lame ass surveys. Sorry.
Sounds like most trade ins that I've done. Wheels about to fall off and the dealer calls the wholeseller to see if they can give me something better than $500.Ordinary folks in Texas have long used a completely legitimate practice called "in and out" to save sales tax when selling a car in a private separate transaction and buying a replacement.
I've done it myself.
It works like this: You and I agree that you will buy my current car (boat, motorcycle, rv) for $XXXX.00. I arrange to buy a replacement from a local franchised dealer and also arrange with the dealer to do an in and out transfer of my current car.
I sign the title of my current car over and hand it to the dealership when I purchase my new car. I pay for the new car and pay sales tax on the difference. You pay the agreed price for my "trade" to the dealer and pay sales tax on your purchase price.
The dealership made no money on the trade or perhaps we all agreed that the dealer could mark the price up by a couple hundred bucks for their trouble.
Everyone got what they wanted. Everyone is happy.
My Dodge dealer did an in and out transaction for me several years ago when I bought my current Dodge-Cummins. My previous Dodge had 230,000 miles on the odometer and the dealer didn't want it but they called in their wholesaler who bid a price that was acceptable to me. The dealer allowed me that figure as "trade allowance" subtracting that number from the purchase price of my new truck. I paid sales tax on the difference.
The wholesaler didn't pay tax on his purchase of my old truck because he was a licensed dealer but the buyer who bought it from him did.