Quote:
Originally Posted by GpaVader
In MN, if I am buying a car and trading a car in I pay the sales tax on the difference. Example: New car is $50k, trade in is $20k so I pay sales tax on the difference, $30k. Do they do that here or do you have to pay the sales tax on the $50k.
Not currently in the market but could be soon and just thought I need to understand the costs.
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In most counties in Florida, the sales tax would be 6 percent of $30,000 plus the county surtax of $50. So, for your example, the tax would be $1,850.