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Well-Known Member
Dealers can fudge too much on both ends of the deal. It wouldn't matter if they told you they were giving you $8K for your car, 'cuz then they just don't come down as much on the car you're buying.
Most people don't want to take the time and effort to sell their car privately, and they know that they can take it off your hands for less than it's worth.
If your trade is actually worth something, and you know what the bottom price is they'll sell the new car for, then it may work to your advantage; in WI you only pay sales tax on the differnce in value. So on a $5K trade, we'd save $250+ in taxes by trading in.
Most people don't want to take the time and effort to sell their car privately, and they know that they can take it off your hands for less than it's worth.
If your trade is actually worth something, and you know what the bottom price is they'll sell the new car for, then it may work to your advantage; in WI you only pay sales tax on the differnce in value. So on a $5K trade, we'd save $250+ in taxes by trading in.