Is better to have cash or trade in?
When purchasing a new trailer is it better to have some cash to put down or have a trade in? Thank you Happy Camping
Forum Discussion
lawrosa wrote:
Although I sold my TT private and got 2 thousand more it really would of been better to trade it in.
For tax reasons.
In most states, when you trade-in your Trailer when purchasing another , you are only required to pay sales tax on the difference between the trade-in value and the price of the new Trailer
I got hit with the total amount of taxes when I brought the trailer from PA to Jersey..
If I had to do it over I would of traded it in..
Do the math. Here in WA where I live we have almost a 10% sales tax. That means The tax value is about $1,500 on a $15,000 trade in. You can easily make that up selling it yourself.
Last weekend I sold our RV in 3 days to the third caller on Craigslist. I got no scammers trying to run one on me. The first person to make an appointment to look was a flake and didn't show. The second one already had money down on another rig and had to rearrange financing. The third bought it at my price (which was way above NADA retail). Not a lot of hassle and I definitely got more than I would have trading it in. I priced mine by looking at my competition on CL and priced mine accordingly.
Cash is King!
