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Old 07-21-2012, 02:01 PM   #5
imccrea
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Join Date: Apr 2011
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Location: Aurora, CO
What I Drive: 2013 Ford Focus hatch SGM

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In Colorado you only pay sales tax on the difference between the 2 cars.

EX:
Car is $20,000
Trade is $10,000
Taxable amt $10,000

Calculated at 8% you would save $800 so if you cannot sell your car for more than $9,200 than you might as well trade it.

I would check with state of WA to see if they do the same, IIRC most states do only a few don't.
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