- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Buying a new car
Posted on 12/3/17 at 7:43 am
Posted on 12/3/17 at 7:43 am
Should I trade in my current car, or sell it outright?
5
Posted on 12/3/17 at 7:44 am to AU1960
Get an estimate at Carmax before trading
Posted on 12/3/17 at 7:46 am to AU1960
Sell it on your own is always the correct answer
Posted on 12/3/17 at 7:50 am to AU1960
Make sure to look into the sales tax deduction you get when trading before you make a decision
Posted on 12/3/17 at 8:15 am to AU1960
Go read the stickied thread on the money board.
Posted on 12/3/17 at 8:28 am to TechDawg2007
quote:
Sell it on your own is always the correct answer
Not if the tax deduction outweighs or even equals the difference you would make selling it.
Posted on 12/3/17 at 8:28 am to AU1960
Compare the value of the private sale + the hassle trying to find a buyer vs a dealer trade in.
The tax credit on a trade in is valuable, but you are also entitled to that credit on a private sale. I believe there are other ways to receive it, but the easiest way is to process the paperwork for the private sale at the dealership at the same time as the new purchase. I’ve see it called a “Quick Trade” or “In and Out Trade”.
The tax credit on a trade in is valuable, but you are also entitled to that credit on a private sale. I believe there are other ways to receive it, but the easiest way is to process the paperwork for the private sale at the dealership at the same time as the new purchase. I’ve see it called a “Quick Trade” or “In and Out Trade”.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News