what should I expect in trade?
Burning Brakes
Joined: May 2006
Posts: 875
Likes: 0
From: Ventura County, CA
Originally Posted by E55AMG
Well, if I get the TT i'm keeping it. Mind you I said the same thing about the last 3 cars I bought LOL. The longest I had any of the three was 2 years. But really, I'm keeping this one. AT least that's what I'm telling my wife. That's my story and I'm sticking to it.
Pro
Joined: Sep 2005
Posts: 738
Likes: 0
hey e55amg,i do the same thing all the time.but with 40k cars..i have an 87 911 thats fun as hell and in great condition in and out.i put 5k into it this year and thought about selling it..well after driving a few 996s and a 993,i have decided to keep it...i have a used car thats a ball to drive and i know the car,which is something good when you dont have a warranty..porsches are costly...good luck with the tt..you'll love it..kkeep it for 10 years and sell it to me..llol..j
Three Wheelin'
Joined: Dec 2005
Posts: 1,435
Likes: 40
From: Vancouver, BC, Canada
Originally Posted by Leader
Don't "trade" it. Sell it.
If you trade it, your dealer will simply detail the car, mark it up 8-15% and put it on their lot.
Translation = you gave up several thousand dollars when you didn't have to.
Don't ever "trade." Always sell it yourself.
If you trade it, your dealer will simply detail the car, mark it up 8-15% and put it on their lot.
Translation = you gave up several thousand dollars when you didn't have to.
Don't ever "trade." Always sell it yourself.
Thread Starter
Rennlist Member
Joined: Feb 2006
Posts: 3,667
Likes: 825
From: Long Island
Originally Posted by Holli82
It is what it is....I don't think that the trade-in value is going to stop the twin turbo from arriving. 
Thread Starter
Rennlist Member
Joined: Feb 2006
Posts: 3,667
Likes: 825
From: Long Island
Originally Posted by Leader
Don't "trade" it. Sell it.
If you trade it, your dealer will simply detail the car, mark it up 8-15% and put it on their lot.
Translation = you gave up several thousand dollars when you didn't have to.
Don't ever "trade." Always sell it yourself.
If you trade it, your dealer will simply detail the car, mark it up 8-15% and put it on their lot.
Translation = you gave up several thousand dollars when you didn't have to.
Don't ever "trade." Always sell it yourself.
Thread Starter
Rennlist Member
Joined: Feb 2006
Posts: 3,667
Likes: 825
From: Long Island
Originally Posted by Alan Smithee
Hoping for $79k? On a year old car that was $86.7k new? I'd say $65k on trade is fair. We're headed into winter...they have to turn that car over for a profit quickly.
Also, the price for your car is only half the story. Are they coming off MSRP on the TT?
Also, the price for your car is only half the story. Are they coming off MSRP on the TT?
Rennlist Member
Joined: Jan 2006
Posts: 2,362
Likes: 442
From: Alpharetta, GA
Originally Posted by Leader
Don't "trade" it. Sell it.
If you trade it, your dealer will simply detail the car, mark it up 8-15% and put it on their lot.
Translation = you gave up several thousand dollars when you didn't have to.
Don't ever "trade." Always sell it yourself.
If you trade it, your dealer will simply detail the car, mark it up 8-15% and put it on their lot.
Translation = you gave up several thousand dollars when you didn't have to.
Don't ever "trade." Always sell it yourself.
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Needs to Get a Life
Rennlist Member
Rennlist Member
Joined: Dec 2005
Posts: 585
Likes: 8
From: St. Petersburg, FL
are the books referred to in this thread available to the public?
I have a decently optioned 05 cab with 16K miles that I am going to trade on a new GT3 next month and I am wondering what it will bring. It is not an S .
I have a decently optioned 05 cab with 16K miles that I am going to trade on a new GT3 next month and I am wondering what it will bring. It is not an S .
Instructor
Joined: Jan 2006
Posts: 126
Likes: 0
Originally Posted by gravedgr
Only if [trade price + (trade price * tax rate)] < private party sale price. If you are trading for $65k and your tax rate is 7% (for example), you need to be able to sell it for $70k to make it worthwhile.
I put a $500 deposit on the car i wanted, found a private party buyer (for 40% more than was quoted for trade-in!!!), and brought the buyer to the dealership with me. The dealer took care of all the paperwork and I only paid tax on the difference
cheers
Rennlist Member
Joined: Jun 2001
Posts: 3,307
Likes: 662
From: Bay Area CA
A-TT:
In GA you can do that too, but the private buyer will now owe sales tax on their purchase from you (not the case in a private purchase), so this would presumably cut into that 40% margin. Good approach though!
In GA you can do that too, but the private buyer will now owe sales tax on their purchase from you (not the case in a private purchase), so this would presumably cut into that 40% margin. Good approach though!
Instructor
Joined: Jan 2006
Posts: 126
Likes: 0
Originally Posted by Chris C.
A-TT:
In GA you can do that too, but the private buyer will now owe sales tax on their purchase from you (not the case in a private purchase), so this would presumably cut into that 40% margin. Good approach though!
In GA you can do that too, but the private buyer will now owe sales tax on their purchase from you (not the case in a private purchase), so this would presumably cut into that 40% margin. Good approach though!
saving tax on a pre-owned Turbo would be something
no such thing in PA, buyer pays same tax new or used
cheers
Rennlist Member
Joined: May 2001
Posts: 2,347
Likes: 651
From: Los Angeles
Yes, resale tax laws are considerably different from state-to-state and my original advice of "never trade, always sell it yourself" would not hold true in all instances. Sorry - I shouldn't have been so emphatic.
However, even in states where you only pay sales tax on the "difference" between the trade-in value and the new car's price, the math on whether to trade or sell would be easy to calculate. The way most dealers "value" used cars, I would think selling it yourself would net you more in most cases...especially with high-value cars like 997s.
In California they tax you every time you take a deep breath - as opposed to Mass where they tax even the shallow breaths.
However, even in states where you only pay sales tax on the "difference" between the trade-in value and the new car's price, the math on whether to trade or sell would be easy to calculate. The way most dealers "value" used cars, I would think selling it yourself would net you more in most cases...especially with high-value cars like 997s.
In California they tax you every time you take a deep breath - as opposed to Mass where they tax even the shallow breaths.
