Houston Kid
Well-Known Member
- Joined
- Mar 8, 2017
- Threads
- 167
- Messages
- 3,112
- Reaction score
- 2,245
- Location
- Houston, TX
- Vehicle(s)
- '22 GT500 HE CFTP, '18 WK2 ,'16 Audi A7
Congrats. Same in Texas. My Mustang GT was valued at way less than my GT350 on trade. Imagine that. So I paid the registration fee and zero tax on the $30K GT.
People often say I can sell it privately for more but when you consider the tax savings, most of the time it is a wash or the taxes cost you more than you make selling it privately.
The dealership on paper paid $51,500 for my 17. Could I have sold it for more, maybe but the $1,875 or so in tax saving, $30,000 x 6.25%, not worth the hassle.
People often say I can sell it privately for more but when you consider the tax savings, most of the time it is a wash or the taxes cost you more than you make selling it privately.
The dealership on paper paid $51,500 for my 17. Could I have sold it for more, maybe but the $1,875 or so in tax saving, $30,000 x 6.25%, not worth the hassle.
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