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boat trade in #10906752 06/10/15 12:50 AM
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captain-kilroy Offline OP
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Has anyone ever traded a vehicle in on a new boat? Was wondering if any dealers do that?

Moritz Chevrolet - 9101 Camp Bowie W Blvd, Fort Worth, TX - Monte Coon (817) 696-2003
Re: boat trade in [Re: captain-kilroy] #10906802 06/10/15 01:03 AM
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03svtsnakevert Offline
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Yes, they will as long as they can get someone from a dealership to bid on it

Re: boat trade in [Re: captain-kilroy] #10906895 06/10/15 01:41 AM
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captain-kilroy Offline OP
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I have a nice extra vehicle and was wanting to trade it and my current boat in. Just didn't know how crazy it sounded

Re: boat trade in [Re: captain-kilroy] #10906914 06/10/15 01:48 AM
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JoeFriday Offline
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One thing to be aware of is that you will pay sales tax on the full purchase price of the boat if you trade in anything other than an other boat. I went around and around on a non boat trade with TPWD and even talked to someone in the State Comptroller's office. My view was I was being double taxed, but the state did not share the same view. TPWD gets to make their own rules.


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Re: boat trade in [Re: captain-kilroy] #10906920 06/10/15 01:51 AM
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Take it to Car Max first to get a price check on the vehicle. Sold two vehicles there and it was relatively painless.

Re: boat trade in [Re: captain-kilroy] #10907040 06/10/15 02:34 AM
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captain-kilroy Offline OP
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would the tax deal be the same if you traded in a boat and a vehicle on a boat?

Re: boat trade in [Re: captain-kilroy] #10907079 06/10/15 02:44 AM
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patriot07 Online Content
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I believe you lose the tax savings that makes trading normally advantageous, like JoeFriday said. You'd be much better off selling it yourself.


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Re: boat trade in [Re: captain-kilroy] #10907303 06/10/15 04:01 AM
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JoeFriday Offline
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Originally Posted By: captain-kilroy
would the tax deal be the same if you traded in a boat and a vehicle on a boat?


Yes. You would only get credit for the boat portion of the trade. If you look at the TPWD forms, there is trade responses only reflect it being a boat in trade. It's not an oversight. As mentioned, TPWD makes their own rules. They don't want to recognize anything other than another boat reducing the taxes paid. I learned the lesson the hard way.

I traded a motorcycle for a boat with an individual. Sent the paperwork in as an even trade thinking all was well only to learn what I have shared here. Both were titled assets and had to have tax paid when they were purchased. Even though it was an even trade and no money exchanged hands, TPWD said tough, pay the sales tax. Lesson learned.


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Re: boat trade in [Re: captain-kilroy] #10907391 06/10/15 04:34 AM
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captain-kilroy Offline OP
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thanks for the input guys

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