Boston Nissan Dealers Help You Decide: Trade in the Used Car or Sell

Are you coming to Boston Nissan to buy a new car

? If so, what should you do with the car you're driving now, trade it in or sell it yourself? Usually, trading in your car is the easiest option, but if you're up for a little challenge you might earn a slightly higher profit selling the car on your own. Here are things to consider when deciding between trade in and private sale:

Massachusetts State Trade-in Tax Breaks

In Massachusetts, you are only taxed on the difference between the value of your new car minus the value of your trade-in car. If you're buying a Nissan which costs $20,000 and you have a trade-in worth $5,000 then you pay taxes on $15,000. This can save you quite a bit of money on the purchase of your new Nissan, and might help you decide a trade in is better than selling your car yourself.

Which Option Gives You a Bigger Profit?

You can use the Kelley Blue Book or Edmunds websites to get an idea how much money you could sell your used car for. Then, visit our Boston Nissan dealership to find out how much we offer you for your trade-in. If the amounts are about equal, you will benefit more from trading your car in (because of the tax breaks and ease of trade in compared to selling outright). If you could gain a much higher profit from selling the car outright, consider putting a for sale sign on it and selling it yourself.

Boston Nissan Dealers Help You Decide: Trade in the Used Car or Sell

By: Kristen Walker

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