slvervper99
Member
I had a trade in but removed it because it was pointless since the value of the trade in they give you now and the actual trade in on the day of delivery will change since the trade in car would be older and will have more miles. But I still plan to trade in my car however, if the trade value from Tesla and the trade in value from Carmax or any other Auto site that sells car exceeds Tesla by at least $1500. I will sell my car to the other sites or company. I'm in Illinois and my tax is 7%, granted they (Tesla) gives me $15K for my trade in. My car is priced at 65440 which at 7% my taxes is $4580 if I were to finance or pay cash. So $65440-$15k (trade in) is $50440 x7% and my tax will end up being $3530. Difference between $4580 and $3530 is $1020. If other sites offer $16500 or more for my car, I will come out ahead as opposed to trading my car to Tesla, I may pay more sales tax but the difference of $1500 will cushion the higher sales tax. $1500 difference between other sites vs Tesla. $1500 - $1020....I would still have the extra $480 additional cash to pay Tesla. At least, that's how I look at it but someone who's familiar with car financing and taxes could probably confirm my assumption.They offered about 90% of KBB but carmax online quoted me 10% above KBB. 32/36/39,500. I’m sure every trade is different. In some states the sales tax gives a pretty good incentive to trade. In my state the max sales tax on cars is $500. My best option is to sell my trade privately. But now my EDD has slipped to end of year. So ugh