Trade values

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Just curious if any one traded a 13 or 14 GT Premium in on a 2015 GT Premium? If so what did they allow you or what was the difference between the two. My local dealer ordered the car I want with no commitment, hope to be able to make the deal. My 2013 MSRP was $205.00 more than the 2015. Feedback or thoughts appreciated. My car is in excellent condition with 18,8** miles on it.

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[GT Pony]

Look at Kelley Blue Book or NADA trade-in values. You probably don't want to know, as I'm sure the trade-in value is pretty down from what you paid. But as always you should always look at the difference out of pocket you'll pay with a trade-in.

 

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Been trying to sell my car straight out myself but no luck yet. Got three weeks to go before the 2015 supposed to be delivered. It's always crazy the prices dealers put on the 13 and 14 trades versus what they want to allow you. Haha.

 

[GT Pony]

Keep in mind that you probably get a tax credit for the trade-in ... meaning you only pay sales tax on the difference. That's how it is in my state, not sure if all states operate that way. If so, then you would have to sell your current car for X times the sales tax rate to equal a private sale.

Example: If the dealer gave you 20K trade-in and the sales tax rate was 8%, then you would have to sell your car outright for 20,000 x 1.08 = $21,600 for the no-trade deal to come out the same.

 

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Thanks GT Pony, I am in SC, we probably have the cheapest tax rate, I think it is 5% with a $300.00 cap. Can't beat that, lol.

 

[Old 5 Oh]

Keep in mind that you probably get a tax credit for the trade-in ... meaning you only pay sales tax on the difference. That's how it is in my state, not sure if all states operate that way. If so, then you would have to sell your current car for X times the sales tax rate to equal a private sale.

Example: If the dealer gave you 20K trade-in and the sales tax rate was 8%, then you would have to sell your car outright for 20,000 x 1.08 = $21,600 for the no-trade deal to come out the same.

CA, for one, (of course) is not that way. You pay sales tax on the full cost of the car even if you are trading in the car you bought last week. It can be pretty painful.

 

[GT Pony]

CA, for one, (of course) is not that way. You pay sales tax on the full cost of the car even if you are trading in the car you bought last week. It can be pretty painful.

That would be painful! :frusty: In WA, you only pay tax after your trade-in is deducted off the sale price of the car. I'm sure if WA was to revoke that law the car dealers would be selling a lot less cars for awhile. It also helps the dealers get good used car trade-ins IMO. Otherwise, a lot of people would probably try to sell out-right instead, and not trade-in.

 

[01Moch1]

That would be painful! :frusty: In WA, you only pay tax after your trade-in is deducted off the sale price of the car. I'm sure if WA was to revoke that law the car dealers would be selling a lot less cars for awhile. It also helps the dealers get good used car trade-ins IMO. Otherwise, a lot of people would probably try to sell out-right instead, and not trade-in.

Sales tax? I don't know what you guys are talking about...

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