Quote:
Originally Posted by Blackfly
What tax credit? Link to info?
Looking at trading mine if I cant sell.
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In Texas, you're only taxed on the trade difference when buying a new or used car. Meaning that the amount you're taxed on is the selling price minus your trade in value. So, my trade in value plus the 6.25% tax savings is the same as if I'd sold it for $31,200 to an outside buyer.