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Real-World Trade-In Values

38947 messages,  Last post on Dec 08, 2009 at 12:48 PM

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What is this discussion about? Car Buying

Appraise your car get trade-in, private party, dealer retail values.


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#38813 of 38947
Re: General question on trades [sebring95] by mikefm58
Nov 02, 2009 (10:39 am)
Reply

Replying to: sebring95 (Oct 31, 2009 4:57 am)

If you buy out a lease privately (even if you're going to resell it) you pay sales tax because you do not have a auto resale permit.
 
Thx, that was my understanding as well. Sounds like either the dealer the OP was working with is crooked or the OP got some of the details wrong. The state is ALWAYS going to get theirs.
#38814 of 38947
Re: General question on trades [mikefm58] by kyfdx HOST
Nov 02, 2009 (10:50 am)
Reply

Replying to: mikefm58 (Nov 02, 2009 10:39 am)

Generally... (maybe not in FL), you can trade in your leased car to a licensed dealer, and no sales tax is due. No different from trading in a car that you have title to... You don't have to take ownership of the car, first... Almost every leasing institution will sell the car directly to a dealer for the payoff amount.
 
Selling to an individual is a different matter..
 
regards,
kyfdx
#38815 of 38947
Re: 1993 Honda Civic EX sedan [uga91] by woodyww
Nov 02, 2009 (1:06 pm)
Reply

Replying to: uga91 (Nov 01, 2009 2:03 pm)

Oops, just my math dyslexia again. Still, a "museum quality" 16 y.o. civic will only get so much of a premium......& what dealers & people are "asking" for similar ones ($4995??) may be way more than they'll sell for. $3K-ish, private sale.......
#38816 of 38947
Re: General question on trades [mikefm58] by stkntraffic
Nov 02, 2009 (4:37 pm)
Reply

Replying to: mikefm58 (Nov 02, 2009 10:39 am)

Well, you're paying a portion of the sales tax every month as part of your lease.
#38817 of 38947
Trade in value for 2008 Honda accord EX-L i4 by acehawk
Nov 02, 2009 (5:01 pm)
Reply
New York City
2008/Honda/Accord EX-L
4DR
4 cyl, Auto
FWD
20,300 miles
Black/Black
Leather, Sunroof
Avg condition for the mileage
No accident or paint work
 
What's the trade in value?
#38818 of 38947
Re: General question on trades [stkntraffic] by lrguy44
Nov 02, 2009 (6:28 pm)
Reply

Replying to: stkntraffic (Nov 02, 2009 4:37 pm)

Because you are leasing the car you pay taxes on the monthly payment. In some cases a portion of these taxes may have to be collected up front, but it is all based on the lease payment. It is the same as buying an item in the store. Therefore, if you buy the car taxes must be paid on the purchase price.
#38819 of 38947
Re: General question on trades [stkntraffic] by mikefm58
Nov 02, 2009 (7:41 pm)
Reply

Replying to: stkntraffic (Nov 02, 2009 4:37 pm)

Well, you're paying a portion of the sales tax every month as part of your lease.
 
Heeeeere's your sign. Did you even read the entire thread?
#38820 of 38947
'03 MINI Cooper S by sugarbelly
Nov 05, 2009 (9:26 am)
Reply
Hello, all:
 
I'm looking for true private party & wholesale values for her. Don't need to sell her quickly, as she's resting in a garage, but would like to move her before winter sets in.
 
MINI Cooper S
JCW upgrade
91k miles
Dark Silver/Black top
Anthracite/Chrome Line interior
All major options: Xenons; full leather; MINI 6-cd; Multi-Function Steering Wheel; Premium; Sport Plus & Cold Weather Pkgs-- No NAV
 
Dings:
tiny ball-point dent/scratch (have touch-up paint)
1/2" faded scratch by door handle
Brakes: 55% worn (have new to offer/install); Rotors 15% worn
 
3 Tire/wheel sets:
35% worn snows on 15" OEM wheels
35% worn summer treads on 17" OEM wheels (rare-- sport pkg Cabrio)
100% new 15" White OEM wheels with all seasons
 
1-owner, all maintenance records, no accidents, repainted hood when JCW Aero Kit front bumper cover was installed (3 months ago)
 
always garaged & non-smoking
Milwaukee/WI
 
Thanks in advance
#38821 of 38947
Re: General question on trades [mikefm58] by jayrider
Nov 05, 2009 (2:00 pm)
Reply

Replying to: mikefm58 (Nov 02, 2009 7:41 pm)

Whenever I've traded in cars, I've always had the complete service record with receipts. The dealer could care less. I guess it has no value unless you sell it yourself -- correct?
#38822 of 38947
Re: General question on trades [jayrider] by gooddeal2
Nov 05, 2009 (2:06 pm)
Reply

Replying to: jayrider (Nov 05, 2009 2:00 pm)

I trade in so many cars and not even a dealer asks me about service records. They only care if the car has physical damages or been in an accident.

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