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re: Swapping cars with family / trading in purchasing new
Posted on 11/4/16 at 3:13 am to Rohan2Reed
Posted on 11/4/16 at 3:13 am to Rohan2Reed
quote:
What is the most cost effective way to give him my truck and I trade-in his Jeep for something new of my own.
Have the dealer where you buy your new car do a courtesy trade for you to minimize the sales tax consequences. Make that part of your negotiations.
ETA Unless that Jeep is loaded and in pristine low-mileage condition, you probably don't have any equity in it and may even be underwater.
This post was edited on 11/4/16 at 3:27 am
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