One GREAT Reason to Buy a Yaris!

[nemelek]

Originally Posted by roxy1

if you want to know about yaris resale, get this: i bought the yaris new in june 2007 for $12800 which was pretty much retail (3 dr hatch, 5 speed, conv package). 1 year and 3 months later (sept '08) and 21k miles and i got $11,100 trade in value. this was not in lieu of fiddling with the corolla price, which i got for $300 over invoice. i may have sold it for more privately, but not by much. for me it was worth avoiding the hassle.

that is a 13% loss in 15 months and 20,000 miles. i was impressed.

Usually you an sell a car on your own for more money. However, tax is a consideration when trading in. In Colorado we pay tax on the difference between the price of a new car and the amount that you got when trading in. In your case 11,100 X .07% = $777. I would have to sell the car to a privet party for $1,000 more than trade in to be worth my time and effort.

[roxy1]

Originally Posted by nemelek

Usually you an sell a car on your own for more money. However, tax is a consideration when trading in. In Colorado we pay tax on the difference between the price of a new car and the amount that you got when trading in. In your case 11,100 X .07% = $777. I would have to sell the car to a privet party for $1,000 more than trade in to be worth my time and effort.

since i live in MI, we must pay tax on the full purchase price, so i didnt have that benefit. 38 states do as colorado does, and it does make trading more palatable in some cases over selling privately for the reason you stated. there is legislation pending in MI to change this. hope it passes.

nevertheless, i dont think the kbb private party value was any higher than what i got. the dealer gave me close to $900 over kbb trade value.

[daf62757]

Originally Posted by roxy1

since i live in MI, we must pay tax on the full purchase price, so i didnt have that benefit. 38 states do as colorado does, and it does make trading more palatable in some cases over selling privately for the reason you stated. there is legislation pending in MI to change this. hope it passes.

nevertheless, i dont think the kbb private party value was any higher than what i got. the dealer gave me close to $900 over kbb trade value.

You would think in a state where the auto is king that they would do everything possible to make buying new cars more attractive in terms of tax savings.

[roxy1]

Originally Posted by daf62757

You would think in a state where the auto is king that they would do everything possible to make buying new cars more attractive in terms of tax savings.

...but we are a state in major budgetary crisis. the automakers are pushing hard for this. the state is whining about the loss of revenue that will ensue. it looks like it is going to pass. Jennifer Granlolm can suck it. she had a chance to bring 2 toyota plants and a honda plant here but cow towed to the unions, who are going to eventually be forced down to pay levels of non union toyota/honsa workers. rant over.