Quote:
Originally Posted by onewhippedpuppy
Why not just sell it outright? Or if you really want to be rid of it, sell it to Carmax? Trading it in is the worst possible scenario.
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Quote:
Originally Posted by red-beard
Taxes. At least in this state, if you trade you only pay sales tax on the difference.
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Exactly. In a deal like this, I'd save all of the sales tax (9.75% in Cook County) in addition to the cash I'd get back. To me, trading is typically a best-case scenario as you can typically get a nicer price on the trade if they're trying to move the car you're buying; one of the chief benefits of Carfax is it tells you how long they've been trying to unload a car.
Unfortunately it's the end of roadster season and any dealer buying now would worry how long the car would be sitting on their lot.
The worst case scenario would be selling it privately - man, do I hate the hassle that comes with that.