have a general question about payoff amount on a loan
have a general question about payoff amount on a loan
i sold my previous car to a dealership, when the dealership paid the payoff amount issued by my bank did that include the tax? i read on some other board it doesn't, if so then who is responsible to pay for the tax? i personally thought it should include the salestax because the total loan amount already had salestax included.
called the my previous finance company they told me in california the payoff amount does not include salestax. but since i sold it to a dealer they will pass on the tax to the new buyer after they sold the car. it's what i thought too.
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