CapitalTM3
Member
Should be noted that at least here in the US, the tax benefit highly depends on which state you live in—for example: Virginia does not reduce your tax liability for vehicle trade in.If you trade in your car to whoever sells you a new car, the value of your trade in reduces the price of your new car (and therefore you pay less sales tax.
Eg, where I live, sales tax is 13%. Therefore, to be worth it (not counting the convenience factor), an offer to buy your old car should be a least 13% more than a trade in value.