# Financing question:

**URL:** https://forums.speedlife.net/t/financing-question/51256
**Category:** NYSpeed Automotive
**Created:** [July 9, 2008, 11:44am UTC](https://forums.speedlife.net/t/financing-question/51256 "2008-07-09T11:44:10Z")
**Posts on this page:** 1
**Showing post:** 14

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### Author: ![sureshot](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sureshot/32/7578_2.png) [@sureshot](https://forums.speedlife.net/u/sureshot)
#### Post date: [August 6, 2008, 10:15am UTC](https://forums.speedlife.net/t/financing-question/51256/14 "2008-08-06T10:15:43Z")

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In NYS, if you trade in the car to the dealership, you pay sales tax on the difference between the new car’s price and the market value of your trade in.

$30,000 new car - $14,000 s2k = $16,000 taxable

If it’s a wash, I believe you don’t pay sales tax.

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