auto loans bank of america
7
Dec/090
Dec/090
auto loans bank of america
Can I receive sales tax write off on barely used car when bank treated the loan as a new car?
I bought a car in July 2009. It was a 2008 Honda with only 5,000 miles on it. Tecnically the car is used, but Bank of America treated my auto loan as a NEW car loan (I’m assuming because the car was barely used). I know you can write off the sales tax of a new car purchased in 2009, but what about in this case?
Since the car is not new and you are not its first owner, then it’s a NO.
Buying a Car or Home Without Riba (Interest)