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      10-10-2012, 11:46 PM   #11
JetLee
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Drives: 2010 135i Cabrio, '87 CTTC
Join Date: Dec 2009
Location: Dana Point, CA, USA

Posts: 26
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California: No reduction of sales tax for trade-in

Quote:
Originally Posted by Monterra View Post
.. Additionally if you trade in your 6 year old car you'll deduct that 15k off your new car's tax bill- in most states...
In California you'll pay the tax on the full purchase price of the vehicle - there is no deduction for the trade in.
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