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First look at NADA not KBB. Dealers tend to hit low to mid trade for your car. While that may suck, I'd never sell private or carmax. Selling to a
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#19 (permalink) |
A True Z Fanatic
Join Date: May 2013
Location: Columbus, OH
Posts: 5,051
Drives: 2013 Silver 370z
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First look at NADA not KBB. Dealers tend to hit low to mid trade for your car. While that may suck, I'd never sell private or carmax. Selling to a dealer and getting a new car gets you tax savings. For example... Sell a car for 20k private, buy a 20k car from dealer. You'll have to pay tax on the new car for the whole 20k. That's about $1400. If you traded that car in you minus the trade value from the selling price. If there is left over you only tax that. So even if a dealer offered $1400 less than you selling private, in the end you break even. I'd never do all that work when the dealer will give me a $1000-$2000 tax break.
And I mean new as in new, not used.
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13 370z- Last edited by synolimit; 08-28-2013 at 11:01 AM. |
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