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kaisen kaisen is offline
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Join Date: Jan 2005
Location: Minneapolis
Posts: 7,482
You can trade anything in on anything else. You think you're "trading in", but the dealer sees it as two separate transactions, they are simply putting a value on your car and you're picking out one of theirs. The rest is negotitation. If yours is worth a lot more than theirs, no big deal.

Matt is right, you're always better off to sell your car outright. Since Illinois calculates sales tax on the trade difference (if you trade it in) buying a car that's less expensive means there would be ZERO sales tax due. If you sell it yourself, you will pay full sales tax on your next purchase. On a $20,000 car, that would be $1000 if private party, and $1250 if through a dealer. So if you sell it yourself or to CarMax, you need to sell it for $1250 more than if you traded it just to break even.

Since when are Mini's popular?
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Old 08-30-2012, 07:30 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #8 (permalink)