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Trade in vs private sale
Posted on 8/7/16 at 5:04 pm
Posted on 8/7/16 at 5:04 pm
All based on kbb +-
My vehicle is worth 18k private sale
15k trade in value
First question is will a dealer actually give me close to the trade in value?
New vehicle lets say is 38k
Trade in based on the list above will actually save me more in taxes than if I sold it out right.
Second question is. When should I tell the dealer in trading in my vehicle?
My vehicle is worth 18k private sale
15k trade in value
First question is will a dealer actually give me close to the trade in value?
New vehicle lets say is 38k
Trade in based on the list above will actually save me more in taxes than if I sold it out right.
Second question is. When should I tell the dealer in trading in my vehicle?
5
Posted on 8/7/16 at 5:16 pm to Crawdaddy
For 2nd question I don't think they care why. They will appraise and put a cash value on the car. If you want a no haggle cash offer for your quote run it in to Carmax and use that as a tool with dealers to make sure you get your money worth.
However, Carmax doesn't always love trucks and some American card. Their offer is typically really strong on desirable cars. For instance, A Malibu doesn't fetch great offers
However, Carmax doesn't always love trucks and some American card. Their offer is typically really strong on desirable cars. For instance, A Malibu doesn't fetch great offers
This post was edited on 8/7/16 at 5:16 pm
Posted on 8/7/16 at 5:42 pm to Crawdaddy
quote:
Trade in based on the list above will actually save me more in taxes than if I sold it out right.
You sure, if they gave you the 15k @ 10% sales tax , you would save 1500 and there is a 3000 diffrence between trade in and private sale
Depending on the vehicle I would not expect to get either of those values, as someone else said bring it to car ax and see what you get offered and that will be pretty close to what the dealership offers for a trade
It is a lot easier to trade it in vs selling yourself so you have to factor that in , a d I would not tell them you are even considering a trade in until you have a firm negotiated price on the new vehicle
Posted on 8/7/16 at 5:50 pm to Crawdaddy
If you negotiate right at the right dealer you will get NADA trade- I know a few dealers that still use KBB
used car lots like to use Black book as their values are lower
Tough dealers constantly watch the auction price
The real key is how old is your vehicle, miles and condition-
IF a dealer thinks he can put it on his lot and sell it in 45 days he will give you NADA trade- if not he will walk back the price
used car lots like to use Black book as their values are lower
Tough dealers constantly watch the auction price
The real key is how old is your vehicle, miles and condition-
IF a dealer thinks he can put it on his lot and sell it in 45 days he will give you NADA trade- if not he will walk back the price
Posted on 8/8/16 at 9:31 am to Crawdaddy
most dealers will try to offer you rough condition trade in value. Doesn't really matter what condition your vehicle is actually in.
Posted on 8/8/16 at 5:41 pm to Crawdaddy
Do the private sale...ask the dealer to do a "courtesy trade". You get the price of the private sale with the tax savings of the trade in. Thank me later.
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