About half of it's actual value.
Sure, but you will have to pay the difference when trading in a used car for a new car. It lost considerble value when you drove it off the lot.
If you are driving it to the dealer, yes.
the back, under Seller
You should pay tax to the state that you are getting your car registered to
car trading shopMost dealer's used cars are trade ins.
Whoever is selling you the new car and then they roll it into the amount you are paying for the new car, charge you to do this and if it is dealer financed, they get the interest on that money. Basically you pay off the balance at a higher rate than you were paying.
The best way to get cash for your car is by trading it in at a dealer. This especially useful if you intend on buying a new car as the dealer may be inclined to offer you a good deal.
If you live and register the car in Illinois then you will pay the Illinois car dealer for the sales tax. If you live in a different state than where you bought the car the dealer might collect the sales tax if the two states have a cooperative agreement. If the states do not have an agreement you will pay the sales tax when your register the car.
Yes, that is included in the final cost of the car. Registration is paid to the state and any fees that goes with it. So, you don't pay the license to the dealer, but the state.
I'm assuming it was a used car. If you bought it under "As Is" conditions the dealer does not have to pay. Check your sales contract.
You need to make arrangements to pay it off.
If you owe money for the car and the dealer finds out about it, chances are,you will end up in court facing charges.