Need to sell my 2014 C7 to make room for my Z06
My Z06 is ordered and now I need to sell my 2014 C7, suggestions? Anyone else in the same boat?
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When is your Z06 coming? Show your specs photos asking price etc
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Why would you not trade it in? Are they hosing you on the trade? The tax credit will help even if you have negative equity.
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+1 on the tax credit. I lost a little bit on my GTR when I traded it in Vs. Selling it, but the tax credit MORE than made up for it.
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Tax credit? Not aware there was one. Please elaborate. I'll check with my wife too, she's a CPA.
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Paid approx. $70k (tax, title, etc.), trade offer approx. $57k, from my standpoint, hose job. 1,700 miles, mint condition.
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Quote:
Let's say the you will be paying $90,000 for the new car. If you sell your car outright and buy the new one, you will pay sales tax on the full $90K. If you trade in your car and get the $57K trade allowance, you will only pay sales tax on the difference ($33K). That means your out-of-pocket cash could amount to +/- $4000 more without a trade. I am sure that your CPA will inform you that you will have to get that much more in a private sale to even break-even. So, it is not a tax credit, rather a tax savings. |
ahh, got it, thanks for the tip!
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