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Selling Your Used Car
to Get Top Dollars
You are in the market to buy a new car. Your first thought is to trade in
your existing one at the dealership. If you
do not have any time and you are very
comfortable loosing a couple of thousand
dollars, go ahead and trade in your existing
vehicle at the dealership. If you trade in
at the dealership, you don't have to pay a
portion of the sales tax, equivalent to the
trade-in value of your old car, on your new
car. For a $2,000 trade-in, that may be as
high as $160 at 8% sales tax rate. But the
same $2,000 trade-in car can be sold at
$3,000 to a private party if you put some
efforts. And that can be a nice chunk of
money for a few hours of works...more |
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