Quote:
Originally Posted by onewhippedpuppy
Fair enough, but do the math. Very rarely does it actually pencil out, typically you are still better off selling the car yourself. This is coming from someone who used to own a small specialty dealership. Trading in is very convenient but is rarely the best financial decision.
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I agree with Matt. Let’s say you can sell outright for $2k more than the dealer will give you on trade...assuming 10k car....you’d save $700 in sales tax if you trade it in rather than $2k in additional sales revenue if you sell outright. More hassle, but the sales tax savings doesn’t “pencil out”.