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Vehicle Sales Tax Questions

947 messages,  Last post on Nov 23, 2009 at 10:05 AM

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#942 of 947 Dealer Cash by krc3221 Oct 14, 2009 (9:02 am)
Hi,  I was told that the dealer cash would have to be taxed and then the $500 would be subtracted after. That doesn't seem right to me since the dealer is getting the cash from the manufacturer so why would I pay tax on it. I would figure the $500 to be subtracted from the purchase price before tax. I am in Illinois if that makes a difference. I am going tonight so any help, much appreciated! Replies to this message: euphonium (Oct 14, 2009 10:42 am)
#943 of 947 Re: Dealer Cash [krc3221] by euphonium Oct 14, 2009 (10:42 am)
Replying to: krc3221 (Oct 14, 2009 9:02 am) It was explained to me the $500 paid to the dealer is the same amount credited to you. Think of the $500 part of what you pay, but coming from another source for your benefit.
#944 of 947 EVEN TRADE: sales tax or no? by tom261 Nov 11, 2009 (2:19 pm)
I have an antique car im trading for a late model car. its an even trade of titles. my title is Illinois and the trade title is Wisconsin. If we draft a bill of sale that explains this is an even trade (no exchange of money) is their any liability to pay any taxes? Replies to this message: euphonium (Nov 11, 2009 4:37 pm) tom261 (Nov 12, 2009 10:48 am)
#945 of 947 Re: EVEN TRADE: sales tax or no? [tom261] by euphonium Nov 11, 2009 (4:37 pm)
Replying to: tom261 (Nov 11, 2009 2:19 pm) You may be asked to show proof of having paid S.T. when you purchased the trade in. What you paid then would be deducted from the gross S.T. & you would pay the difference. Replies to this message: tom261 (Nov 12, 2009 10:48 am)
#946 of 947 Re: EVEN TRADE: sales tax or no? [euphonium] by tom261 Nov 12, 2009 (10:48 am)
Replying to: euphonium (Nov 11, 2009 4:37 pm) thanks for your reply. hmmm...I don't have any receipt from the purchase in2004, just the title. But the the last sentence sorry I don't understand what you mean.
#947 of 947 export tax on cars sold to Europe by dave_man Nov 23, 2009 (10:05 am)
Hello, I am a new Mass registered dealer and have a buyer from Germany on 4 antique cars. Is there an export tax that someone owes? Thanks

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