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-   -   Trade in Jeep for newer or pay sales tax? (http://www.wranglerforum.com/f6/trade-in-jeep-for-newer-or-pay-sales-tax-197645.html)

lovecheese 11-05-2012 01:17 PM

Trade in Jeep for newer or pay sales tax?
 
Hey guys,

I bought my jeep in February 12.

2011 JK 70th anniversary edition.

I was under the impression I wouldn't have to pay sales tax on the vehicle. Boy was I wrong. Even though Tennessee does not charge sales tax on vehicles bought within the state, since I bought it out of state, I have to pay 7% of the sticker price. Which would come out to about 2300 dollars.

I currently owe 19K on it and KBB says it's worth 25K (I know I won't get that if I trade it in). If I purchased a new jeep, it would be a new 12 or 13 and I wouldn't have to pay sales taxes on it.

Would yall trade in or pay the taxes? I need some honest advice. I love the jeep and don't wanna go away from the family.

whetstone 11-05-2012 01:21 PM

Sit down with a dealership and see where you'd come out on a trade, and definately be prepared to walk if they start playing funny business with the numbers.

Randens Rubi 11-05-2012 02:45 PM

If your payments stay the same then sure I would trade an 11 for a 12. If it doesn't work out that way then I would just pay the sales tax and keep the 11.

chucky cheese 11-05-2012 07:19 PM

February 12. And you are finding out about the taxes now?

BlueRidgeYJ 11-05-2012 07:24 PM

Ill give my generic response:

Cash out and get a fleet of YJs, lol.

Lusus_Naturae 11-07-2012 11:30 AM

Wow, we get 30 days to pay TTL (Tag, Title, License) on a vehicle just purchased, aftr that it's a daily fine. If you waited this long already, does it increase a penalty or anything? If not, maybe use tax return money to pay it - if you get any...


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