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Thread: Resale Value
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post #3 of (permalink) Old 12-20-2019, 09:43 AM
shipo
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Join Date: Jul 2011
Location: Southern New Hampshire
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Quote:
Originally Posted by theblooms View Post
I'll never understand why people trade in vehicles instead of just selling it themselves. Selling a car is super simple, what with the advent of Craigslist and Facebook marketplace.

In the last 3 years, I've sold 2 cars, for cash, all of which I got a fair price for, and were gone in under a week.
Depending upon the state where you live, the tax laws make it quite advantageous to trade in. Why? In some states, the trade in value of the car is subtracted from the value of the new car before sales tax is calculated. Given the delta between what you can sell a car for and what you get for the same car in trade in value plus the sales tax savings can be pretty small, it makes complete sense to trade in.

2006 Acura TL 6-Speed Manual
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