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Posted on 3/4/26 at 2:15 pm to Chill Pill
quote:Will be in the market for a new vehicle in the next year or two. With the new tax rule, would you not be able to settle up with the state when you file your taxes?
Others have asked the tax question ... you do realize that when you trade in, your sales tax is based on the differential after deducting the value of the trade in. This was not always the case in Louisiana -- and went into effect I think about 3 years ago ... point being you paid the full sales tax on the new car (9% in EBR I think). So we all hope you did those calculations before making your decision.
Or does it only provide tax relief if you “trade-in” your vehicle and not if you “sell” to another dealership (Carmax)?
Posted on 3/4/26 at 2:17 pm to Jim bean xxx
quote:
Carmax usually gives a little more but it nets out with taxes
This has been my experience too. In the OPs case, I guess the dealership wasn't interested in the trade-in for some reason. It has been a couple of years, but dealerships were begging for our last trade-in because of the inflated used car market.
Posted on 3/4/26 at 2:17 pm to Adajax
Carmex offered me 7k less than dealer the only time I went to one.
Just sayin
Just sayin
Posted on 3/4/26 at 2:21 pm to Adajax
Bought and sold a few vehicles with Carmax.
Not always the best deal in town, but they eliminate all the garbage I hate about going to a dealership - so worth it to me.
Not always the best deal in town, but they eliminate all the garbage I hate about going to a dealership - so worth it to me.
Posted on 3/4/26 at 2:34 pm to tigger4ever
Siged na sheet of paper and they cut me a check before I left.
Posted on 3/4/26 at 2:35 pm to Big Scrub TX
Im registering in LA so paid LA taxes.
Posted on 3/4/26 at 2:41 pm to SludgeFactory
I wouldn’t report it. Taxes were paid when he bought the car.
Posted on 3/4/26 at 2:48 pm to Adajax
I sold a car to CarMax two weeks ago. The day before I downloaded all the documents (title, Drivers license, registration) on their portal. Made an appointment for the next morning at 10:30. Showed up, they checked the VIN on the car, I signed a bunch of papers, they handed me a check, called me a Lyft to get back home. Whole process took 15-20 minutes. Couldn’t have asked for an easier transaction.
Plus the girl that helped me was a part Hispanic chick that was very easy on the eyes.
Plus the girl that helped me was a part Hispanic chick that was very easy on the eyes.
Posted on 3/4/26 at 3:28 pm to Adajax
I tried to sell my car to Carmax, didn’t like their offer and sold it private party for 9k more. Glad it was a better deal for you.
Posted on 3/4/26 at 3:35 pm to Chris Farley
I spread my cheeks raw and masterbate in a carmax bathroom once
Posted on 3/4/26 at 4:40 pm to Adajax
Carmax worked well for me the one time I used them. The only weird experience I had is the car I wanted to buy they would not ship.
The positive was that I was shopping online and every dealer I called wanted to tack on $7-10k over their online price on top of the $45-50K car. Carmax held true to the online price. I and my kid flew out to Florida on a Saturday morning, test drove it, wrote my check and in less than 75 minutes we started driving home.
The positive was that I was shopping online and every dealer I called wanted to tack on $7-10k over their online price on top of the $45-50K car. Carmax held true to the online price. I and my kid flew out to Florida on a Saturday morning, test drove it, wrote my check and in less than 75 minutes we started driving home.
Posted on 3/4/26 at 4:55 pm to Adajax
Car dealerships have one of the largest political lobbying associations for a reason. They are scum. They block direct to consumer sales in many states. They are anti-capitalist in that regard.
I bought a used car from HERTZ. Very happy with the experience overall. No haggle, and essentially you rent for 72 hours to test drive.
I bought a used car from HERTZ. Very happy with the experience overall. No haggle, and essentially you rent for 72 hours to test drive.
Posted on 3/4/26 at 4:59 pm to Adajax
There car prices are high. I would sell a vehicle to them but likely would never buy from them.
Posted on 3/4/26 at 5:17 pm to Adajax
I've done this with both Carvana and Carmax in Houston with the same experience but the other way around. I sold the vehicle then went into the dealer with a big down payment.
I don't trade in anymore. Not worth the hassle and they screw you. It's just another point to haggle over with the dealer when those institutions offer better money and the price is set when you walk in the door.
I don't trade in anymore. Not worth the hassle and they screw you. It's just another point to haggle over with the dealer when those institutions offer better money and the price is set when you walk in the door.
Posted on 3/4/26 at 5:31 pm to Tifway419
quote:
Or does it only provide tax relief if you “trade-in” your vehicle and not if you “sell” to another dealership (Carmax)?
This
You pay sales tax on purchase price instead of purchase price minus trade in value
Posted on 3/4/26 at 5:47 pm to Big Scrub TX
quote:
What was the impact of taxes?
Typically you will not get tax credit because you didn’t trade. For example, if you were buying a $50,000 vehicle, you’d pay taxes on the purchase price. But, if you have a trade registered in same state where you will register new vehicle, and your trade value is $20,000, you’d only pay taxes on the balance, or $30,000…
Posted on 3/4/26 at 5:53 pm to Adajax
quote:
Ended up purchasing a car from a dealer and driving over to Carmax and selling our trade-in.
This is not a trade-in. It’s two separate transactions. As such you will not get a tax credit for your old car and you will have to pay full sales tax on the car you purchased (if in LA).
Posted on 3/4/26 at 5:57 pm to RichJ
In your scenario, if he sold the car for $20k to a private seller instead of a trade, what taxes does he owe?
Posted on 3/4/26 at 6:02 pm to Motorboat
quote:
In your scenario, if he sold the car for $20k to a private seller instead of a trade, what taxes does he owe?
Full tax rate on the $50,000 car he purchased. Will vary by city/stare.
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