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Sales Tax on Trade-In Value

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Old 05-11-2007, 07:42 AM
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Sales Tax on Trade-In Value

Does anyone know if there is a sales tax on the trade-in value in New York?
I'd like to apply the full trade-in value to reduce the cap amount and then include the sales tax in the monthly payment.
Old 05-12-2007, 07:13 AM
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Tax is based on the net purchase price or purchase price less trade-in amount.
Old 05-12-2007, 08:34 AM
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Thanks Tarry!

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