Thread: OT: Automobile Questions
View Single Post
10-22-2010, 09:50 AM
HFBoards Sponsor
Habs10Habs's Avatar
Join Date: Aug 2006
Country: Canada
Posts: 52,150
vCash: 500
Originally Posted by coolasprICE View Post
I called the dealer and here is why he wants to do it:

I have to pay taxes on the car -- and in this case I'll be paying 2 taxes. He then gets credit for these taxes. Normally, when done private, I pay only 1 tax.

Example, the car is sold for 10,000 K .. that means I have to pay 1300 in taxes. The seller now gets a credit for 11300 on his new car. He saves more money this way than if I were to give him just 10,000 and pay the taxes directly with the govt. If I did it with the govt, he'd only save 10,000.

I'm going to now tell the guy that if he wants this arrangement he has to pay me back the 2nd taxes.
What an ass, it totally slipped my mind about the taxes. The fact that this jerk didn't tell you his intentions ahead of time would cause me to walk from this deal if I were you.

Habs10Habs is offline   Reply With Quote