Quote:
Originally Posted by DarkSunrise
In some states you get a tax credit on the new car from your trade-in. That (along with ease of transaction) can make it worth it to trade the car in even though the trade-in value may be slightly less than a private party sale value.
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*this* - if your net after payoff is 10k for example, thats 10k of your new car that you don't have to pay taxes on. most states allow it, couldnt find a recent list but as of 2011 the only municipalities that didnt allow it are:
California
District of Columbia
Hawaii
Kentucky
Maryland
Michigan
Montana
Virginia
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