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Old 08-24-2009, 09:43 AM   #9 (permalink)
awesomez
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Join Date: May 2009
Location: VA
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Quote:
Originally Posted by Got Z? View Post
Just want to add...

Consider taxes when making your decision. If you sell the car privately, you will be liable for the taxes on the entire price of the car you buy. If you trade it in, you are only liable for the taxes on the difference (new car $) - (trade in $) = taxable amount. You may end up getting the same deal financially without having to mess with tire kickers, etc.
This is a very good point. It will have a lot to do with where you live, what's actually taxable and what's the rate.
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