No, Musk is a brilliant man and a spoiled man child too. "Also, your order page lists the phone number that you call and ask anything." No, not 7 moths agoNot 100% true. The tax process is entirely depends on your state, not Tesla. Also, your order page lists the phone number that you call and ask anything.
"The man" is the only reason that you are driving your Tesla.
Pick up from Nevada (Las Vegas) - they deduct trade-in value. Ask first tho if they do for California registration.
Sure. I was talking about credit for trade-in in Nevada, not California or Oregon.This absolutely does not matter, as its your location, not the location you pick up the car, that determines taxes. Otherwise everyone on the west coast would fly to Oregon to buy cars since oregon doesnt have sales tax.
Sure. I was talking about credit for trade-in in Nevada, not California or Oregon.
As you can see in the attached MVPA, Tesla Nevada had credited trade-in value and only charged sales tax on the remaining cost (the car was registered in Washington).
I emphasize, that this might not be applicable for California (if OP decide to trade-in and pick up in Nevada, register in California) - that is why I said to first ask Tesla Nevada.View attachment 800312
You are correct.That has nothing (zip, nada, zilch) to do with "Tesla Nevada" and everything to do with the purchase location, which is washington, which allows tax credits. It will not do any good at all for this OP, whose location is stated in CA to contact tesla nevada (or any other tesla location in another state) if the state the car will be registered in is CA.
- A dealer accepts a trade-in vehicle with a fair market value of $4,000 upon purchase of a new $10,000 vehicle. The purchaser still owes $1,500 on the trade-in vehicle, but the dealer agrees to pay off this remaining balance to the bank. Sales tax exemption is still allowed for the full $4,000 trade-in value, and sales tax is computed on the remaining $6,000 of the new purchase price.
Just a point of clarification, as the linked-to article is out-of-date: Maryland provides trade-in tax credit. Given that Tesla's trade-in offers are typically lower than others like CarMax, it's worthwhile to do an A:B compare, taking tax credit into consideration. I just went through this earlier this week. Tesla's offer for my 2020 MYLR was lower than CarMax, but when I factored in the tax-credit, the resulting net cost was nearly the same, affording me a bit of flexibility of trade-in timing, along with whether I want to apply the entire trade-in value to my new car, or just keep some/all of the resale money in-pocket.The state of Oregon has no sales tax, so if you live in that state and buy a car, the tax calculation is easy -- zero. In seven other states, there is no credit or sales tax reduction when you trade in a car. Those states are California, Hawaii, Kentucky, Maryland, Michigan, Montana and Virginia. If you live in one of these states you calculate sales tax by multiplying the full new car purchase price times the local sales tax rate.
In 42 out of the 50 states, when you trade in a car to purchase a new one, you will get some sort of sales tax credit on the value of your trade. The amount of tax you pay depends on what you are buying, what your trade is worth and your state's sales tax policies. The dealer will calculate and...finance.zacks.com
That isn't true anymore, Oregon now has a tax, albeit very small, on new vehicle purchases. (0.005%, which I think is mainly used to fund the state EV rebate.)The state of Oregon has no sales tax, so if you live in that state and buy a car, the tax calculation is easy -- zero.