Jeepster2018
Well-Known Member
- Joined
- Dec 4, 2017
- Threads
- 36
- Messages
- 651
- Reaction score
- 341
- Location
- Mid Atlantic US
- Vehicle(s)
- VW GTI
Absolutely.
You're stating absolutes which, IMO, is a mistake. It's going to vary based upon *where* the buyer lives and the various laws - especially those regarding taxes - that apply. Here the tax is based upon the *NET* price of the transaction. So getting just a *little* bit more in a private sale vs trade-in but then paying the 9.5% in taxes on the full price of the vehicle actually causes the buyer to pay MORE overall. "It depends" is the mantra here. The buyer needs to understand the specifics that apply to them, be able to calculate them, and identify where the knee in the curve is that defines break-even and then evaluate the trade-in vs private sale options against that. It's just math.
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