Triggerhappy007 said:
How much was the trade in price and how much tax savings did you get?
My BIL has the same model as you and I've been telling him for the last 2 months to trade it in and get a 2022 but he still hasn't.
The dealer's offer on the trade was $25,000. I brought out the CarMax offer of $26,000 but they wouldn't move - the (rightly) pointed out that the net value to me of trading was $26,500 (6% sales tax in PA on $25,000 = $1,500)
I knew this before asking them to match CarMax, but I had to give it a try.
Still... I'm very happy with the deal. The strange used car market combined with the 0% financing from NMAC and the fact that they had exactly the car I wanted on the lot made for a quick and easy deal.
I could have probably bargained for a bit off the MSRP or pushed for more on the trade, but I was happy and I'm always willing to leave more profit on the table for a dealer that is up front with their numbers and doesn't play games with financing rates or pack on warranties. They offered, I politely declined and they accepted that.
If your BIL is looking to move, this is the time to at least investigate the trade-in value of his car.
My only wish is that I had thought to check a few days earlier - I could have wrapped this up before the end of the year and would be looking forward to the Federal tax rebate in just a couple of months. Now, at least, I can lower our withholding for the year.