Lexus GX Trade in question

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hey folks,
Thinking about trading in my Acura MDX for a 2014-15 GX. After having owned 5 4runners, I miss a "Truck"!
Anyway, a finance question. It's been a bit since I've traded one in. I know you save some sales tax by doing so, is it on the difference between the two vehicles sale price or do you have to account for the amount that is still owed on the trade in?

Dumb question, I know:)

Thanks!
 

IS-SV

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Welcome to LE Brandon. Please let us know the state you live in so that members knowledgeable on that state's tax laws can assist.
 
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