Trade-in Value

Reply Subscribe

Thread Tools

Jul 15, 2004 | 01:42 PM

#11

Hate Me

Registered User

Joined: Jan 2004

Posts: 797

Likes: 0

From: Charleston, SC

I am in the process of deciding whether or not to sell my car and I have a girl who would pay 20K for it (just over 39,000 miles). I guess that's a pretty good deal

Jul 15, 2004 | 04:16 PM

#12

allkingz

Registered User

Joined: May 2003

Posts: 2,985

Likes: 0

From: Denver

Quote:

Originally Posted by steven975,Jul 15 2004, 09:19 AM

remember when you trade in a car you are dumping it. Basically what you are doing is selling to an uninterested party at minimal money. when you sell to someone who actually WANTS the car, you get quite a bit more.

In some states, you recieve tax credit when trading in a car.

For example, if I trade a car for $18K and buy a car for $30K, I pay sales tax on the difference ($12K) not the full value of the new car ($30K).

Jul 15, 2004 | 05:21 PM

#13

aklucsarits

Registered User

Joined: Mar 2003

Posts: 2,129

Likes: 0

From: Philly

The car that I currently own was a trade-in. It was a very early 2000 model with only 12,600mi. It had completely bald and dry-rotted tires and a few dings on trade in. The dealer gave the original owner $17,000 trade in allowance on it. This was in the middle of January 2004 in the northeast, so that fact probably factored into the trade in value.

Andrew