In Missouri, you can sell your car and deduct it off the sales tax for the
buy of the new car. Plus you will generally be able to sell your vehicle
for more than a dealer would give you. The down side to this is you have to
find a buyer, advertize and continue to make payments in the meantime.
>From: Jason Bleazard <drazaelb@yahoo.com>
>Reply-To: dakota-truck@buffnet.net
>To: dakota-truck@buffnet.net
>Subject: Re: DML: trade in or sell
>Date: Thu, 7 Sep 2000 14:28:13 -0700 (PDT)
>
>--- TEDSDAKOTA@aol.com wrote:
> > Hey Dml'ers,, real dilemma,,,Should I try to sell my truck or
> > just trade it as is...anyone have this experience ?
> > Thanks, Ted O.
>
>You won't get the same money out of the trade in that you will by
>selling privately. Essentially when you sell your own vehicle,
>you're in competition with the dealership. If you sell your product
>to the competition, they're going to want to make a profit, which
>means that they're not going to give you the same price that they
>plan on selling it for.
>
>That said, you might want to check the tax laws in your area. When I
>got the Dak, I was planning on selling my Neon privately. Then I
>found out about the difference in sales tax. See, since I traded it
>in, I only had to pay sales tax on the difference in price. If I
>sold my car privately, I would have had to pay sales tax on the
>entire purchase price of the Dakota.
>
>Bottom line, it saved me the sales tax rate times the trade in value
>on the car. Made up a lot of the difference, plus saved me the
>hassle of selling it myself. It was worth it to me, YMMV.
>
>Also, I'll second what others have said about taking off the
>performace goodies and selling those separately.
>
>
>=====
>Linux: Because a 486 is a terrible thing to waste.
>---------------------------------------------------------
>Jason Bleazard http://www.bleazard.net Toronto, Ontario
>his: '95 Dakota Sport 4x4, 239 V6, 5spd, Reg. Cab, white
>hers: '98 Dakota Sport 4x4, 318 V8, Auto, Club Cab, black
>
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