Getting rid of the old vehicle

SKT

Well-Known Member
First Name
SKT
Joined
Aug 8, 2017
Messages
208
Reaction score
784
Location
APO AE
Vehicle(s)
Jeep Wrangler
.

Gotta shop around.

Can’t blame a dealership for not offering top dollar on a trade-in. Most of their money is flipping used cars and the service department. Little profit is made on new cars.

.





Advertisement

 

BillyHW

Well-Known Member
Joined
Aug 7, 2017
Messages
1,885
Reaction score
1,723
Location
CAN
Vehicle(s)
-
I will probably be going for the convenience of a dealer trade-in.

My vehicle isn't worth much to begin with though so I probably won't be losing that much on the trade-in either, considering.
 

cclark20

Member
Joined
Jan 5, 2018
Messages
11
Reaction score
12
Location
Emerald Coast Florida
Vehicle(s)
2016 JKU 75th Granite, 2019 VW Atlas, 2020 F150
Try using Vroom. I sold a 3 year old Ram 1500 to them last Feb. Fairly easy process, sent some photos, mileage, VIN etc. I accepted their offer & they arranged to pick it up. My finance company had the payoff that afternoon & I had a deposit for the balance the next morning. Their purchase offer was significantly better than Carmax, Carvana and the rest of car purchase businesses They also beat the dealer trade in offer by over 4K. I maybe could have worked a couple dealers against each other to get close to that deal with the tax savings. It was definitely easier than doing the trade in back and forth BS with most car dealers.
 

JDMRN81

Active Member
Joined
Oct 12, 2017
Messages
42
Reaction score
35
Location
USA
Vehicle(s)
2012 JKU, 2018 GC Altitude
Occupation
RN, doctoral student
My wife and I were looking at a 2018 Jeep GC Altitude and inquired about trading in her 2013 Mazda CX5. KBB private sale was around 14K and local dealer offered 4K. I immediately said no and walked out. I was willing to go as low as 10K to not deal with selling privately. It all worked out for the best because I found the same GC Altitude from a dealer nearby and saved 1K on it compared to the other dealer. And, put Mazda up for sale for 13K and sold it for 12,100 within 3 days. We paid cash for the GC so didn't have to finance anything. Selling privately usually makes the most sense unless the dealer offer is too good to pass up. I'm willing to give up about 3K if it means not hassling with selling privately.
 

tarndesigns

Well-Known Member
First Name
Tom
Joined
Jan 22, 2018
Messages
108
Reaction score
53
Location
Metuchen, NJ
Vehicle(s)
2018 Wrangler JLU
Anyone have any suggestions on getting out of a lease a year early to get into a JL? Currently leasing a VW GTI... I used to own a YJ and I've been missing it.
 

galleywinter

Well-Known Member
First Name
Tod
Joined
Dec 10, 2017
Messages
414
Reaction score
679
Location
Fayetteville, Arkansas
Vehicle(s)
2015 Hard Rock JKU, 2018 JL Rubi, 2020 Mercedes GLC 300(Wife) :-)
Occupation
Environmental Manager, VA Hospital
Everyone's talking about trading with the dealer to save on the taxes. It must be a state by state thing. In Arkansas you can still get the sales tax break if you sell to an individual. A bill of sale is required. I know what you are thinking. Why not make a phony bill of sale and save some money. When the buyers goes to the DMV to tag what you sold him and says it sold for X amount and then you tag say your new rig and say it sold for more they will know and you can expect a bill from the state :) Don't ask me how I know. Anyway. I guess we are lucky and can claim the difference on our sales tax on private sales. We have 30 days to tag. We pay our sales tax and tag at the DMV within 30 days. No TT&L done at the dealer. My 2015 loaded, Hard Rock is still listed from $37-$42K used at dealers. Say the dealer comes off that might get it for $35-$36K. Black Book has my trade from $30-$34K. I'd do $34k but you know they aren't giving top trade and I'm not trading for $30K. I'll keep it first. I'll list it on Autotrader, EBAY, Craigslist, etc... for $36K and no less that $33K takes it. Somebody gets a Hella Deal and I get $3K more than what the dealer would do.
 

robplumm

Well-Known Member
Joined
Aug 14, 2017
Messages
141
Reaction score
74
Location
Newport News, VA
Vehicle(s)
2012 JKUR in Dozer
Everyone's talking about trading with the dealer to save on the taxes. It must be a state by state thing. In Arkansas you can still get the sales tax break if you sell to an individual. A bill of sale is required. I know what you are thinking. Why not make a phony bill of sale and save some money. When the buyers goes to the DMV to tag what you sold him and says it sold for X amount and then you tag say your new rig and say it sold for more they will know and you can expect a bill from the state :) Don't ask me how I know. Anyway. I guess we are lucky and can claim the difference on our sales tax on private sales. We have 30 days to tag. We pay our sales tax and tag at the DMV within 30 days. No TT&L done at the dealer. My 2015 loaded, Hard Rock is still listed from $37-$42K used at dealers. Say the dealer comes off that might get it for $35-$36K. Black Book has my trade from $30-$34K. I'd do $34k but you know they aren't giving top trade and I'm not trading for $30K. I'll keep it first. I'll list it on Autotrader, EBAY, Craigslist, etc... for $36K and no less that $33K takes it. Somebody gets a Hella Deal and I get $3K more than what the dealer would do.
Yeah...VA doesn't take the trade into account for tax purposes. You pay taxes on the sales price before trade-in. Just another effed up law in this state that screws ppl on taxes.

As for trade-in vs private sale...bluebook is minimally different in regard to those on mine ('12 JKUR). So really comes down to convenience.
 

Redneck_Jedi

Well-Known Member
Joined
Jun 9, 2017
Messages
929
Reaction score
1,104
Location
Currently Roaming
Vehicle(s)
2019 Jeep Wrangler Sport S 2 Dr.
Vehicle Showcase
1
so will carmax take a 10 year vehicle with 170 K on it?
Donate it to a charity, and get the tax write-off.

I tend to keep my cars a long time (12+ years), so trade-in wise they aren't worth a whole lot. Most charities are happy to take old high mileage vehicles, because even if they are no longer suitable as reliable transportation, many use them for parts or as auto-mechanic and auto-body teaching opportunities.
 

galleywinter

Well-Known Member
First Name
Tod
Joined
Dec 10, 2017
Messages
414
Reaction score
679
Location
Fayetteville, Arkansas
Vehicle(s)
2015 Hard Rock JKU, 2018 JL Rubi, 2020 Mercedes GLC 300(Wife) :-)
Occupation
Environmental Manager, VA Hospital
Yeah...VA doesn't take the trade into account for tax purposes. You pay taxes on the sales price before trade-in. Just another effed up law in this state that screws ppl on taxes.

As for trade-in vs private sale...bluebook is minimally different in regard to those on mine ('12 JKUR). So really comes down to convenience.
Damn. Full sales tax on a $49K buy. Wow. I'd be dropping steel bumpers, safety group, hard top, etc... from my order. After invoice and 6% discount mine comes in around $48k on a $55K MSRP. If I sell for $34K that gets subtracted from the $48K. I pay on $14k @ 4.5% state around another 1.5% for local. 6% on $14k. I'm cool with that. 6% on the full 48-49K. BS!! But then again we usually come in @ 49th on the poor state rankings. Thank god for Mississippi :)
 

robplumm

Well-Known Member
Joined
Aug 14, 2017
Messages
141
Reaction score
74
Location
Newport News, VA
Vehicle(s)
2012 JKUR in Dozer
Damn. Full sales tax on a $49K buy. Wow. I'd be dropping steel bumpers, safety group, hard top, etc... from my order. After invoice and 6% discount mine comes in around $48k on a $55K MSRP. If I sell for $34K that gets subtracted from the $48K. I pay on $14k @ 4.5% state around another 1.5% for local. 6% on $14k. I'm cool with that. 6% on the full 48-49K. BS!! But then again we usually come in @ 49th on the poor state rankings. Thank god for Mississippi :)
Yeah...I was pissed when I bought my last one. Paid $31.5k out the door...so great price, but got taxed on that despite a $10k trade-in. Makes a difference at 4% sales tax

Yeah...VA may not be poor...but we get nickeled and dimed to death. Don't get me started on the yearly property taxes on that vehicle. At $40k, would be paying around $1500/year in property taxes...actually a deterrent to getting a new one.
 

gumbyhoss

Well-Known Member
Joined
Aug 30, 2017
Messages
129
Reaction score
361
Location
Richmond, VA
Vehicle(s)
Previous: '87 YJ '96 TJ '06 TJ '11 WKII '13 JK 2dr Sport Current: '18 JLUR
Vehicle Showcase
1
2013 JK Sport - bought for $23.9 in '14 with 2.5k miles. Sold for $22k in '17 with 12.5k miles. Spent about $4k on upgrades but you never see a return on that stuff.

Sold privately. Had it listed on forums, Craigslist, Cars.com, and Ebay. Forums didn't work, Ebay is expensive b/c they take a % if you actually wind up selling though them (I didn't). Craigslist was Craigslist - tons of uninformed lowball calls with cash offers and a few good local leads. The Cars.com listing is what sold it. I think it was $50 to list but I made a few grand more than trade-in.
 

StyleGuy

Well-Known Member
Joined
Jan 29, 2018
Messages
58
Reaction score
32
Location
OK
Vehicle(s)
2011 GMC YUKON DENALI, 2017 JAGUAR XE, 2014 MASERATI GHIBLI SQ4
Oklahoma gets taxed on the full price also. No allowance for trade in. On a lease we also get taxed on the entire vehicle purchase, then if you decide to purchase later you get taxed again on the buyout price. Two separate transactions.
 

wanderer

Well-Known Member
First Name
Ralph
Joined
Aug 10, 2017
Messages
1,080
Reaction score
562
Location
Carlsbad CA
Vehicle(s)
2018 jlu rubicon. Surfboard. Bare feet, moose drawn air sled, Interstellar time warp space transport fighter
Occupation
Engineering Geologist
Thanks Katy
 

Matt The Hammer

Well-Known Member
First Name
Fake Name
Joined
Aug 21, 2017
Messages
448
Reaction score
406
Location
Killadelphia
Vehicle(s)
JKUR and YJ
Occupation
Engineer
We are handing our worthless junk vehicles down to the kids.
Much as I said this before I had my own kids... now? I'm getting my kids the safest car I can. Who more needs all of the newest safety features than a new driver? Especially one that's your own kid.
 

Advertisement




Allmoparparts.com
 



Advertisement
Top