You got it! Your $44,999 will be the "selling price" which includes the vehicle plus destination charge.I’ve not purchased a vehicle in Washington before. I understand the tax exemption for EVs (first $25k exempt if purchase is under $45k). I‘ve read elsewhere on this forum that if you trade a vehicle in, that amount is deducted from the tax liability, so only the net purchase amount is taxed, is that correct?
$44999 (new car purchase)
(minus) $25000 (EV tax exemption)
(minus) $15000 (trade in)
= $4499 (taxable purchase)
Is this correct?