REVscene Automotive Forum - View Single Post

BIC_BAWS · 01-13-2023, 04:30 PM

How does trading into a dealership work with EVs? For instance, if I traded my gas car for $40K, they apply the tax equivalent off the car I'm trading in for. But with EVs, it's only 5% GST. Do you lose the 7% tax "credit"?

01-13-2023, 04:30 PM	#2033
BIC_BAWS OMGWTFBBQ is a common word I say everyday Join Date: Apr 2013 Location: revscene Posts: 5,161 Thanked 5,567 Times in 1,986 Posts Failed 180 Times in 78 Posts	How does trading into a dealership work with EVs? For instance, if I traded my gas car for $40K, they apply the tax equivalent off the car I'm trading in for. But with EVs, it's only 5% GST. Do you lose the 7% tax "credit"? __________________ \|\| 18 FK8 \| R-18692 \| Rallye Red \| 6 MT \|\| \|\| SOLD 97 E36 M3 Sedan \| Arctic Silver \| 5MT \|\| \|\| RIP 02 E46 M3 \| Carbon Black \| 6MT \|\| \|\| RIP 02 E46 330ci \| Schwartz Black II \| 5MT \| M-Tech II \| Black Cube \| Shadowline \| Stoff Laser/Anthrazit \|\|