PG01
Supporting Member
Yeah...^^^^.....wut he saidI usually trade because, at least in Iowa, you do not pay tax on the trade in portion. In this case if you could get (throwing numbers out) $17K on trade and you buy a $30k vehicle you only pay tax on $13k vs. $30k. So you would pay an additional $1190 in taxes if you sold outright and bought the vehicle outright.