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For example, if you trade in a car with a market value of $10,000 and you buy a new car that's valued at $15,000, you'll only have to pay sales tax on the $5,000 difference.
You might also consider getting the car professionally detailed and making minor cosmetic repairs to maximize your car's trade-in value. 4. Go Car Shopping. Once you know what your current vehicle ...
Trade-in value is typically the lowest of the values for a car. Private party resale value: This is the value you can expect to sell your car at directly to a private buyer.
Black Book collects data from wholesale auctions it attends in person or online, applies adjustments and compares them against dealer advertised prices. Access is restricted because it requires subscriptions, but public access to its price search features are accessible through third party sites such as Newcars.com. [4] Assessing car value is dependent on several factors including make, model ...
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
Trade-in value is an important facet of the car deal. Many websites offer trade-in value estimates. [11] However, most of these values are estimated from a theoretical chart that may or may not be based on recent average sales prices of a particular make and model.
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