[baege]

wondering if anyone has seen or heard of a deal where you trade one car in for 2?

as an example you have a car worth 100K on trade and get 2 50K cars in the same transaction? (so no tax paid)

AI indicated it might be possible...

[Bc2005]

It depends. You are in Canada, and in the US it could be different in each state. For example, in Virginia I get no tax credit for the trade-in, and always pay full sales tax on the new vehicle.

[c1pher]

Originally Posted by baege

wondering if anyone has seen or heard of a deal where you trade one car in for 2?

as an example you have a car worth 100K on trade and get 2 50K cars in the same transaction? (so no tax paid)

AI indicated it might be possible...

I think it would be possible in the US. I think the way they’d do it is show a credit on one bill of sale and then apply that on a second bill of sale. A dealership avoids writing a check like the plague. Seemingly it’s the worst thing ever. They will avoid it at all costs but will always try to make a deal.

[dreamingat30fps]

Originally Posted by baege

wondering if anyone has seen or heard of a deal where you trade one car in for 2?

as an example you have a car worth 100K on trade and get 2 50K cars in the same transaction? (so no tax paid)

AI indicated it might be possible...

I don't know about Canada, but assuming you can do it with 1 car I don't see why not with 2. I'm pretty sure you can do that here in FL no problem. I have traded in 2 cars for 1 more expensive car and gotten tax credit for both.

[Higgs Boson]

Originally Posted by dreamingat30fps

I don't know about Canada, but assuming you can do it with 1 car I don't see why not with 2. I'm pretty sure you can do that here in FL no problem. I have traded in 2 cars for 1 more expensive car and gotten tax credit for both.

He's talking about 1 trade worth double/more than 2 purchased cars so he doesn't waste his presumable tax credits on one cheaper car.

In the US, it depends on what state you live in. The Texas DMV says you can do it but then it depends on whether your local tax office knows how/understands or will let you do it. I tried it and they wouldn't do it even though they have it published that you can, but I am also in a smaller town and they may not give a damn.

[LH44]

Yes.

[Alfisti]

Originally Posted by Bc2005

in the US it could be different in each state.

LOL without fail, every time. What do the feds do there exactly? It's 50 little countries that sorta agree on some stuff. sorta.

[clutchdj]

Yes, you can also trade 2 for 1. Things are always easier if you have 100% trade equity in this case. Make sure you get the correct tax % savings. That is the biggest benefit.

[dreamingat30fps]

Originally Posted by Alfisti

LOL without fail, every time. What do the feds do there exactly? It's 50 little countries that sorta agree on some stuff. sorta.

Yeah. That was kinda the whole point when this all started. Some would argue the feds do too much as is.

[tturedraider]

Originally Posted by Alfisti

LOL without fail, every time. What do the feds do there exactly? It's 50 little countries that sorta agree on some stuff. sorta.

You are exactly correct. I’ve been watching Europeans doing “reaction” videos about the United States recently and it’s very interesting when they realize it’s very much like that here. It’s called The Bill of Rights, the Tenth Amendment to the Constitution.

“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”

[BlkGS]

Originally Posted by Alfisti

LOL without fail, every time. What do the feds do there exactly? It's 50 little countries that sorta agree on some stuff. sorta.

They're really good at spending money they don't have...


But yeah, of the OP is in Florida it should work fine. Assuming you could get a dealer to play ball.

[ShocknAwe]

Yes. I have to pay $500 flat sales tax on any vehicle I buy in my state, trade is whatever the dealer assigns as value, usually a bad deal. Can add as many bad deals as you want to make the dealer more money and conveniently empty your garage.

Got reamed on my last bad deal trade, but they had something I wanted and I had a vehicle I didn't want.