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Get your taxes done using TurboTax
If you buy a new car for $30,000, and you're given $5,000 for your trade-in, then your "cash or loan amount" is $25,000. It's the amount you have to pay after subtracting the value of your trade-in.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎June 4, 2019
1:05 PM