Buying used from Dealership and trading in our C

wanderingbob wrote:
... One advantage of trade is it is possible to save on sales tax . Tax is on the difference , not on price !

And this can be a big deal depending on your state sales tax rate.

Dave

Price difference is what you ask the dealer for . As said above you do not really care what the price is or the price of your trade . One advantage of trade is it is possible to save on sales tax . Tax is on the difference , not on price !

Trading in is always easier, but always a money-loser for you, IMHO.

dcason wrote:
OHHHH, will question that...he did ask us what county/state we were in for sales tax.
Donna

Just like your truck trade in, if you weren’t aware.
Trade values for like “property” aren’t subject to sales tax.
I’m actually trading our truck and camper for a newer truck (private party) and same rules apply. We’ve got a basically even value trade, so neither of us will pay sales tax. I may pay a little because I believe they’ll value his truck a bit higher than my combo.

dcason wrote:
The problem with our selling it ourselves is that last year we tried to sell a gently used pick up for $15, then 12 and NO takers. Our area not great apparently/upstate NY so running scared on trying to sell a similar priced motorhome. Hubby ended up trading in the pick up truck for a new one....
Donna

Depends what the truck was worth.
What was the trade in value? And discount off new?
Not being nosy but seeing if you were just asking too much for the truck.
And the “trade value “ is subjective as you know. It’s the overall cost of the transaction based on the value of both vehicles. Dealers are good at cooking the numbers for those who are ignorant of the worth of their vehicles.

OHHHH, will question that...he did ask us what county/state we were in for sales tax.
Donna

If I am not mistaken when you trade in an RV you only pay sales tax on the difference between the new trailer price and the trade value. If you sell your current RV and then use that money as a payment on the new RV you will be paying tax on the whole value of your new RV. Depending on the values involved this could be a factor.

The problem with our selling it ourselves is that last year we tried to sell a gently used pick up for $15, then 12 and NO takers. Our area not great apparently/upstate NY so running scared on trying to sell a similar priced motorhome. Hubby ended up trading in the pick up truck for a new one....
Donna

Thank you! it was/is a Thor Ace. Just this morning I decided to read reviews on the brand and Thor is not a good brand. We are going to pass. ****...wanted that king bed and kitchen counter with work space...another time maybe....

You can always do better selling privately, especially in a sellers market. Dealerships can't keep inventory on the lot right now so supply is low and demand is high. Covid cases going up means lots of newbies buying RV's because conventional travel is difficult and risky. Been this way since spring.