TheInfamousMisterLicious

3/30/15

That was the first one I found within a 50 mile radius of me (Indianapolis). I'll see what I can find.

3/30/15

Yes. And for many (probably most) cars, it's a lot more than $1,000. If waiting a month or two for an extra $1,000 is something that strains your finances, then, again, you shouldn't be purchasing a new car in the first place.

3/30/15

In MO I have always gotten my sale knocked off the sales tax. In fact you can apply a sale up to 90 days after purchase and get the sales tax refunded. Why would any state penalize private sales? I constantly correct people here in MO.

3/30/15

I think it also depends upon the rarity, modifications, or value to others of the vehicle. For example, I was going to trade in my 2004 Cadillac CTS-V for a 2010 Silverado. (I regret this every single day).

3/30/15

I see there being two distinct camps here, and neither one thinks the other knows what they are talking about, and neither will ever really change sides. You either think it's a waste of time selling your car privately, or think it's a waste of money trading it in.

3/30/15

If you don't have a low mile cream puff to hand over to the dealer, but rather something that has seen some wear and is maybe only worth a few grand at best, private sale may be your best bet.

3/30/15

Down here in Georgia, you used to only pay sales tax on cars from the dealers. Private party sales didn't have to pay the tax. (Or perhaps better put, you didn't get penalized for not paying the tax). That made private party the way to go, you saved 5-7% right off the bat and there was no deterrence to frequently…

3/30/15

Those places that guarantee "up to 4k in trade-in value" are often hedging that cost into whatever car you are buying by absorbing rebates, incentives, or just adding on BS charges.

3/30/15

I don't know if this is true in other states, but in Missouri as long as you have a copy of the Bill of Sale you are able to get a sales tax credit towards another vehicle purchase within 6 months of the sale. I've done this a dozen times in the last 5 years. It's all done right at the DMV and its really simple.

3/30/15

I would say most people who trade are better off selling privately. Nine times out of ten, you will get at least another grand or two selling privately. If you are upside down on the loan or can't afford the new car without immediately getting rid of the old one, you probably shouldn't be buying a new car in the first…

3/30/15

Good question...the answer is sort of, but you don't get the full benefit because you only pay lease taxes on the part of the car you are using. So in this case the "tax benefit" isn't as great.

3/30/15

Your idea of a wagon is probably a Prius.

3/30/15

You almost killed the guy! Minor detail indeed! But congrats on your new ride, good stuff.

3/29/15