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For example, imagine your new car costs $35,000 and the dealer gives you $20,000 for your trade-in. This means you’d only be paying sales tax on $15,000. A dealership trade is also likely to be ...
New car prices have been falling for most of 2023, with the average new car selling for $47,936 in October, Kelley Blue Book reported. Overall, new car prices are down 1.4% since October 2022 and ...
With respect to the latter, although prices declined 1% from February to March 2024, and were down 2.7% year-over-year, the average transaction price of a new vehicle in the U.S. in March was ...
Sales data provided to Yahoo Finance from automotive research site Edmunds.com shows that from 2019 to 2023, the overall market share of new “cars” (made up mostly of sedans, but also coupes ...
The Edmunds.com Web site includes prices for new and used vehicles, dealer and inventory listings, a database of national and regional incentives and rebates, vehicle test drive reviews, and tips and advice on all aspects of car purchases and ownership.
In other words, in those states, you’ll only pay sales tax on the difference in price between the vehicle you trade in and the vehicle you purchase. For example, imagine your new car costs $35,000 and the dealer gives you $20,000 for your trade-in. This means you’d only be paying sales tax on $15,000.
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