Quote:
Originally Posted by Michael G.
It's the trade-in that confuses most people….
Best way, (and I did this many times) is sell your trade yourself, even a little below market value….
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I agree - taking the trade-in out of the equation simplifies the deal and reduces your chance of getting ripped off.
However, one needs to factor in the sales tax savings when considering skipping the trade-in: tax is computed after subtracting the trade-in value from the new car value.
If your trade-in is worth $30k, you’ll save $2100 in sales tax.
If you could sell old vehicle for $33k outright, then skip the trade-in process. Otherwise you may want to see what the dealership can do.
Of course, if your trade-in is only worth $3k, it is not worth the hassle - see if CarMax will buy the old vehicle.