Trying to stay ahead of the game.

760

Asked by Silveradoissues Dec 29, 2014 at 03:10 PM about the 2010 Chevrolet Silverado 1500 LTZ Extended Cab LB 4WD

Question type: Shopping & Pricing

I have a 2010 Silverado LTZ Z-71 with 80,000 miles on it. trade in value is around 22k and
i think i can get 26k on a good day selling it out right. then I am going to get into a used
truck around 29k. is it better to sell and then put a large down payment? Or should I trade
in? I have heard that the tax incentive makes it a better deal to trade in versus selling and
starting over.. my current truck is pay off. What is your opinion?

1 Answer
1,655

heich25 answered 9 years ago

The question is if you come ahead after taxes. Subtract the taxes so if u pay 7% 24500 would be a break even for trad vs if sold it for 26000. Does this make sense? Because you dont pay tax on the traded vehicle, u have ro pay tax on the full amount if you pay cash. Ill guess if you want 26k the dealer will give 21k. So do some math and find what is right for u.

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