One GREAT Reason to Buy a Yaris!

[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.