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Do you have to pay taxes on money you received from selling your car to car max?
Wiki User
∙ 9y ago
Only on any part that was considered profit on your part. But there is unlikely to be any of this unless you somehow succeeded in selling it at well above its market value.
Wiki User
∙ 9y ago
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What is the sales tax rate when selling of the car?
Sales taxes and ownership taxes are assessed by cities, counties, and states. Most often the taxes on a new or used car sale are based on where you currently live, not always on where you buy your car. Almost always, the buyer of the car pays the sales taxes, not the seller.
Do you have to pay taxes when selling a car in Canada?
no no you do not. Mexicans will buy it cheaper and they wont charge tax.
How do car dealerships make their money?
There are many ways that a car dealership makes their money. They make a large chunk of their money from selling cars.
How much money does England make from selling cars?
it depends on the car
Where can I sell my car for money?
You may sell your car for money at any used car dealing store. You may also try selling or trading the car at car trading stores.
Will your daughter have to pay taxes on car put in her name?
She is technically liable, yes; but that doesn't mean you can't give her the money or part of the money to pay these taxes with.
How much are taxes on a car for an even trade in South Carolina?
allot of money
Can you buy a car from Canada if you live in California?
How much money do you have? Check on duty taxes.
What can you do if a car dealer is selling you a car for more than it is advertised on the internet?
You can simply not buy it. There is always crap like "dealer handling" and taxes that you cant really get around.
Do you pay taxes on the money you receive from selling a car and if so what percent tax?
It is income and should be reported as such. The percentage is going to depend on your total income for the year.And in some states the purchaser should pay sales tax on the purchase price.
In Illinois how do I sell my car to individual?
Selling a car is pretty easy. One needs to advertise that the car is for sale in the newspaper or online. When someone has the money, exchange the money for the keys and sign the bill of sale.
Where can I make the most money selling a used automobile?
You will make the most money selling a used vehicle in a private sale, likely one that carries no fees. Alternatively, you can try to sell your car at an auction.
