Fair Trade-in Price From Dealer

[csu87]

Tax savings? Maybe in your state but not in my state, California. If you live in California, Hawaii, Kentucky, Maryland, Montana or Washington, D.C., you pay sales tax on the full price of the new vehicle, regardless of your trade-in allowance!

yeah that sucks and makes no sense. You are essentially getting double taxed

When i bought my truck, i was given a lower trade in value than i could have gotten elsewhere, but by the time you factored in the $4k savings on taxes, it ended up being more than I had gotten offers to sell it for. makes it a no brainer imo.

That tax savings probably going the way of the DoDo bird everywhere. Surprised it’s lasted this long.

Theres only a handful of states that dont give you a credit. Id be more willing to bet those states come around than the other 45 states get rid of it.

 

[Trixie86]

yeah that sucks and makes no sense. You are essentially getting double taxed







When i bought my truck, i was given a lower trade in value than i could have gotten elsewhere, but by the time you factored in the $4k savings on taxes, it ended up being more than I had gotten offers to sell it for. makes it a no brainer imo.











Theres only a handful of states that dont give you a credit. Id be more willing to bet those states come around than the other 45 states get rid of it.

Even Illinois came around.

 

[Jhon]

A lot of people still have loans on their cars which makes it harder to sell privately. If the loan is at a local bank, not too much of a problem. but usually that is not the casel I paid off my last car when I knew I was going to get rid of it so I could sell it privately, but the Genesis dealer gave me such a good price that I just traded it in. Like others said, with the sales tax advantage, it was about the same as selling it private and no hassles.

 

[vin0770]

2022 GV70 3.5 Advanced Brunswick (matte) green and Vanilla beige 31k on it. 12-26-22 Traded it for a 2023 G80 2.5 awd Prestige…gave me $51k and $6,400 off msrp. It’s all about the dealership Bergstrom Appleton, WI. My trade in is still on the lot asking $53k.

 

[IvanM61]

I'm on the other side of the nation but I appreciate the input.