I searched, both here, archive and through NYC DMV, and either I cannot find the answer, or I don't want to handle the truth
namely, that for a private party trade, the sales tax is paid on wholeale vehicle value, and not on difference between both vehicles traded?
example. I trade my 2001 range rover for D90, and I give range rover plus cash, any new yorkers able to tell me if I pay sales tax on wholesale value of D90, or on the cash difference in value between the 2?
If I traded to a dealer, I believe that, I only pay sales tax on difference between my trade-in value, and new vehicle.
Anyone able to point me in right direction?