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Unread 03-24-2014, 10:49 AM   #1
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Default Trading a car in Texas

I'm looking into what is involved with trading cars in Texas. Not sure if you can just make an even trade and not pay taxes on it... laws keep changing so I don't know if you can do that any more.

I've done a bunch of searching around and come up with a pretty inconclusive answer as most of the info I found was a couple years old. Any of you guys know anything about this?
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Unread 03-24-2014, 11:09 AM   #2
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I don't know about Texas, but here, on the registration papers you set your selling price and the price of the trade-in. The other person sets the same selling price and trade-in price.

It works fine as long as the prices are realistic and reflect current market value.

If you own a 1980 4 dr. Malibu with 500,000 miles and are "trading" for a 2013 Corvette I think the taxing governments involved would be suspicious.
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