Want to get the most money for your trade? Here’s a tip:
Don’t take the first offer.
Trading in a car at the dealer, as opposed to selling on your own, has benefits and drawbacks. On the negative side, you usually get less money when trading. On the positive side, trading can mean less sales tax on the new car because, in some states, you only pay sales tax on the difference between the new car and the trade-in.
Even though you’re receiving less for the trade, the savings on tax can help make up the difference.
How can you make sure you get the most money for your trade? Read on!