thinking about trading in car
This is just me doing some thinking and playing around with numbers, and i am not definetly sure if i am going to do this or what.
Anyways, with all the tax incentives being thrown around this might be a way for me to make up some of the devaluation of the car. So if the Cash for Clunkers law passes, and if the car qualifies, i would get 4500 to trade into something that gets a 10 MPG improvment. So maybe a hybrid. Well if i get a hybrid there is additional tax breas, like a nissan altima at $2200. So technically if i trade in my car for a nissan altima i will see a check from the gov't for 6700 dollars. Altima Hybrids can be picked up for around $27,000. If i trade in my srt6 with 23000 miles and get 15,000 + 6700 Tax credits = a difference of around 5000 grand out of pocket. Plus i wouldn't pay any sales tax on the new purchase.Total savings from tax breaks over $7500 Doesn't seem to bad right? Is there a flaw in my reasoning?
Reason i would consider this, srt6 is my daily driver. I have had tons of problems with the car over the past 2 years, when the warranty is up, i will be screwed. and then take advantage of the money that won't be around.