gtman
Senior Member
- Thread starter
- #16
But again that wasn't what I was saying. I was simply saying that although these inflated numbers people are getting for old trade-ins sounds good on paper the dealer will turn around and find a way to ultimately still make plenty of profit on the subsequent new car deal.@gtman - when I sell a care outside of a trade deal, the buyer pays 100% of the sales tax.
If I buy a new car without a trade, I pay 6% sales tax on the total sale price. If I buy a new (or used) car with a trade, I only pay sales tax on the difference between purchase and trade. To me, it's a perfect example of the auto dealer lobby messing with the tax code to advantage themselves.
In other words I'm talking about Billy Jones seeing these high used car prices and thinking he should trade his 19 Si in on a 'Vette because he can get SO MUCH for his car right now. And that the only positive scenario in this fucked up world is someone like Charles Wrivers who outright just sold his car to CarMax.There's no advantage to trading your car in right now. They'll offer you a bigger than normal trade in value and just jack up the new car price to get their normal profit margin back.
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