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Discussion Starter · #1 ·
If my friend is buying a car from a dealership, can I trade my car in and use it towards the purchase so that my friend can save the tax?
 

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you also have to be on the loan (on the new car) with your friend to get the tax saving. if you are not the trade goes out AFTER the drive out price.
 

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Discussion Starter · #4 ·
really?

I was going to trade my car in a while ago and the dealer told me that I can save tax if I trade in a car (at least the tax on the portion that came from the trade in) so I think that the form of payment doesn't matter. (I was talking about the sales tax, not income tax or any other taxes btw).

The only concern that I have is that if this still works if the trade in is owned by person A and the new car will be owned by person B. Can somebody confirm this with me? Thanks
 
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