Trade in experience

[TC in MN]

My dealer gave me $1k over Blue Book and a quick reminder, you save some tax money when trading in at a dealer.

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[Julinico]

Unrelated to your actual question - But how do you know your delivery ETA?

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[Decayed]

Those who mention "sales tax" credit when trading in to a dealer need to be aware of the actual sales tax rate to see if it is worth trading it in or selling out right.

Also the "sales tax" rules are different state to state so be aware of your state's rules.

Here in Texas the sales tax rate is 6.25% and the sales tax credit is only available if you trade in to the dealership you are purchasing your vehicle from.

If you sell your vehicle to a different dealership or to one of the many online car companies then there is no sales tax credit available on purchase.

Example for my MY22 Maverick purchase last year was that the dealership I was buying my Maverick from was only offering me $11,750 on my 2015 Honda Fit Ex with 43,800 miles on it.

So sales tax credit of 6.25% on $11,750 is $734.38 which is total value of $12,484.38.

So any offer above the $12,484.38 amount at any other dealership or online car companies would be a better deal.

Needless to say Carvana's offer of $16,523 was way better (to the tune of $4,038.62 better) than trading in to the dealership where I bought my Maverick.

Unfortunately carvana may not be around much longer and I would guess similar companies are in the same boat. Used car prices are starting to crash.

 

[huunvubu]

Unfortunately carvana may not be around much longer and I would guess similar companies are in the same boat. Used car prices are starting to crash.

Used car prices are not crashing. Car price offers are regional. Offers for Mavericks in Boston are very low while here in Texas they are at the high end. Also how many the dealers have in stock unsold has a bearing on what gets offered.

Carvana's offer for my Maverick has actually gone up $3,501 since 7/24 even though 870 more miles and 3 months and 1 week older.

7/24/2022: $28,574
8/7/2022: $30,280
9/1/2022: $30,771
9/17/2022: $31,808
10/1/2022: $32,411
10/15/2022: $32,104
11/1/2022: $32,075

 

[Maverick2023]

Used car prices are not crashing. Car price offers are regional. Offers for Mavericks in Boston are very low while here in Texas they are at the high end. Also how many the dealers have in stock unsold has a bearing on what gets offered.

Carvana's offer for my Maverick has actually gone up $3,501 since 7/24 even though 870 more miles and 3 months and 1 week older.

7/24/2022: $28,574
8/7/2022: $30,280
9/1/2022: $30,771
9/17/2022: $31,808
10/1/2022: $32,411
10/15/2022: $32,104
11/1/2022: $32,075

It's totally market dependent. I'm in Georgia and Carvana dropped my XL hybrid from $28k to $27 in a month period. However, at a Ford dealership I've gotten a better offer than Carvana. It's best to bid around.

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