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Buying, selling, or leasing - Michigan
WebFeb 21, 2024 · When you trade in a financed vehicle, your car’s trade-in value gets applied as a credit towards your next loan. Depending on the remaining loan balance, this credit … WebSubject to two exceptions, you can sell your old car to anyone and deduct the business portion of your loss. You may sell to a car dealer, but you cannot purchase another car from the dealer at the same time‚ this would be considered a trade-in by the IRS. Exception #1: You cannot sell your old car to a close relative and deduct your loss ... foam bowls walmart
11.015 Basic Transfer Requirements - California DMV
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