Um why in the world would you trade in a car you own, they are only gonna give you 15 to 20 percent what it's worth on Kelly blue book. So a better option would be to sell it yourself for bluebook value then use that money towards your new car.
When trading in a vehicle a consumer will receive a tax credit. If the new vehicle is priced at $20,000, and the trade is valued at $5000, then the buyer only pays sales tax on $15,000 (where sales tax applies.) At 10% sales tax a person with a $5000 trade will pay $1500 in sales tax on a $20,000 car. A person with let's say $6000 down (assuming he/she sold the trade privately) will pay $2000 in sales tax. Of course the buyer still comes out ahead, however it may no longer be worth the time.
Um why in the world would you trade in a car you own, they are only gonna give you 15 to 20 percent what it's worth on Kelly blue book. So a better option would be to sell it yourself for bluebook value then use that money towards your new car.
mvpleet 1 week ago
im buying a use car its a chrysler 300
mrsniper 6 months ago
wow! this was just the kind of video i was looking for. very informative and straight forward. very well done!
mando82jr 1 year ago
When trading in a vehicle a consumer will receive a tax credit. If the new vehicle is priced at $20,000, and the trade is valued at $5000, then the buyer only pays sales tax on $15,000 (where sales tax applies.) At 10% sales tax a person with a $5000 trade will pay $1500 in sales tax on a $20,000 car. A person with let's say $6000 down (assuming he/she sold the trade privately) will pay $2000 in sales tax. Of course the buyer still comes out ahead, however it may no longer be worth the time.
allstarauto2010 1 year ago
and whoever went to town with the crayons, BRAVO! You are amazing!!
MUSICSOULCHICK 2 years ago 3
What a helpful vid!
ryangrovesmusic 2 years ago 2
swanky music and informative. The voice acting is great!
cthorm 2 years ago 3
So informative! Now I know how to get top-dollar for my old car and save on my new car!
trentano 2 years ago 2