04-26-08, 06:00 PM
I am in the process of trading in my 06 EXT. Just wondering if anyone has info on the tax advantage point of trading in a vehicle. they are telling me that my trade is worthe 30,000 which I owe 26000. the new truck i am getting is only 20,000. I was wondering if the tax that I save on the trade applies to the new vehicle or just the tax on the new vehicle. Not sure how this works.