I was curious if anyone has sold their Wrangler 4xe to private party instead of 3rd party dealerships?
Wouldn’t you be able to get more $ back selling to private party esp. on a semi-new Wrangler 4xe with low mileage? All the warranties are still in tact.
In 2017 I sold my leased 2015 Jeep Grand Cherokee on Autotrader. The lease was with CCAP as well and buyer got approval from a Credit Union. It was pretty straight forward.
The amount of tax that you pay on a lease, in most states, is significantly lower than if you purchased the vehicle. You’d have to sell the vehicle for a much higher price to offset the extra tax you paid at inception.
I.E. for my 2015 Jeep GC buyer of private party paid for sales tax. We agreed on a selling price and he financed it with the credit union and sales tax was included. The credit union wrote a check to CCAP for the title and then credit union wrote another check to me for the difference.
Of course this takes more time to sell to private party but you may pocket even more. For the Wrangler 4xe I was just thinking to undercut all the 3rd party dealerships (CA)…haha
It absolutely does, because in order for you to sell it to the private party, you have to buy out the lease first, which means you paying full sales tax on your buy out. You can’t sell your lease directly to a non dealer.
Now, you can go through the sales tax reimbursement side of things in CA, but that’s CA specific, not monthly tax state specific.