[onewhippedpuppy]

Originally Posted by exc911ence

Here, the value of the trade-in gets deducted from the sale price of the new vehicle before the 12% sales tax is calculated so you can save a bundle (thus adding value to your trade) if the vehicles are not too far apart price-wise.

That's a major incentive to take less cash on trade vs. a private sale and as stated before, frees you from entertaining a long line of time-wasters walking up your driveway.

Yup, that was another consideration. The sales tax savings would almost make up for the hit that I would take at book trade in value.

Originally Posted by SeanPizzle

Am I the only one going all Dave Ramsey here? Trading in a 2017 car, you will realize a 6 or 8K depreciation hit and the sales tax hit. Then you buy another 2017 car and pay more sales tax.

I visualize taking 80 or 100 hundred dollar bills and lighting them on fire in the BBQ

I love Dave Ramsey. This is a different situation though. My parents bought it new, put almost 30k on it, then decided that they wanted an SUV so they sold it to us. We got the family member good deal, so financially this will work out fine. At the time we had a 2012 Nissan Quest with 95k which I recently sold, we just don't like the Toyota.

Originally Posted by mattdavis11

It is a Toyota Sienna, a soccer mom vehicle. You kind of missed the boat when you got it, Matt. Now things are worse.

Edit: You may have listened, but the wife was wrong. Minivans were out 6 years ago.

There's nothing cool about a minivan. But we also really don't care about perception. Minivans are the single best way to haul around kids and their stuff. We refuse to drive a big hulking SUV anymore (been there, done that), and crossovers don't have nearly enough seating space for actual humans. The Flex is the only thing that we've found that drives like a car, has good performance, seating for six adult sized people, and decent luggage space. Plus I think it looks cool in a funky way.

Most people with kids drive SUVs, I get it. But most people also trade in their cars.