Yes that is a good point on the interest rates, the other points on trading in is the (as you say) tax benefit, also not having issues with selling a car, I don't wanna go down that rabbit hole, I understand your taking a loss on that
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Originally Posted by spazzyfry123
What tax savings are there by trading in? Would be wise to see what the delta would be selling outright and paying all the taxes on the new ride vs partial taxes by trading in.
Also factor in the high likelihood that your new payment will be inclusive of a much higher interest rate 2020 vs 2023, so the purchase price will be much more costly over term.
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