View Single Post
Old Sep 15, 2009 | 09:20 PM
  #22 (permalink)  
billvp's Avatar
billvp
Forum Regular
Joined: Aug 2009
Posts: 536
Likes: 1
From: IA
Default Re: Is this a fair trade-in value?

Originally Posted by Goldwing
Observation on sales tax -- the trade does not reduce it. Look carefully at the pricing and you'll see the price of the Caddy, less discount, plus delivery,etc and taxes on the net amount. Then they subtract the $15k trade-in. It sucks, but the tax collector always gets his pound.
I haven't traded in any car (so I don't know first-hand), but when I was at the dealership a little while ago the sales guy was telling a story about someone who bought a car, and mentioned that you do save on the taxes with a trade-in.
 
Reply