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      05-01-2008, 11:09 AM   #1
tcallquest
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DC Tax Question

Hi there.

I live in DC, but am purchasing my 1er in Maryland. I will either be trading my car to the dealer, carmax, or selling it privately. Do I get a tax credit on the difference between my car sale and the price of the new car? Or do I have to pay the full 6 percent for the new car?


Thanks for the help.
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      05-20-2008, 04:32 PM   #2
DC135i
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That is a good question! I've never heard of this but I want to know too! I'm in the same situation, and my 135i is on order from BMW of Silverspring (Tischer).
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      06-06-2008, 09:51 PM   #3
jlee
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apparently when the sales tax went from 5% to 6% they allowed us to get the tax credit for the trade in. they didn't used to.
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      06-14-2008, 09:04 AM   #4
Bilsko
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Can't say definitively about MD - I just got a new 135 in VA and sold the old car at Carmax (also in VA). No tax credit.

I did, however, just get a check from the dealer with an invoice listing it as a 1% DC Tax refund...not really sure why.
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      06-26-2008, 09:58 AM   #5
imported_volsfan0911
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The District should cut you a 1% tax credit for the difference as per the poster above. MD will hose you for the sales/excise tax difference coming into the state (bought my Accord in Richmond back in '04, paid 3% tax, had to fork over the difference titling it here in '06). I think that if you purchase here in MD, then you'll have to pay 6% no matter what since that's a sales tax on goods purchased. Check with the stealership though - that should be a scenario they have everyday I would think.
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