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      07-11-2011, 01:42 PM   #6
jaybert
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Join Date: Jul 2007

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depending on your state, dont forget you get a tax benefit if you trade in vs. selling yourself.

in CT, you only pay tax on the difference between the cost of the new car and the value of your car.


so say the car cost $45,000 and your trade-in is worth $25,000. in CT, i would only pay tax on $20,000 ($45,000-$25,000) instead of the full $45,000.

Just keep that in mind. The trade-in my dealer was willing to give me was good enough with the tax discount to make it worth it to just sell it to the dealer and not worry about trying to sell it myself to get a few extra $$
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