Can trade in dollars be used to offset sales tax on a lease?

Ask the Hackrs
1

Hi all. I am new to the forum so I have a basic question. Can trade in dollars be used to pay lease payments up front and offset sales tax like in the case of buying a car? I have done a few one payment leases in the past, but never had a trade in figured in the deal.

I have a 2015 Audi A3 that I own outright and should get about $15k for the trade. I am targeting a more luxury oriented AWD car, possible an Infinit Q50 or volvo. The plan would be to use the trade allowance to pay off the lease up front.

Any suggestions or advice would be appreciated. :slight_smile:

By the way I am located in upstate NY Albany area.

2

I don’t think so but I could be wrong.

Use some toward MSD (from a neighbor state) or One Pay, otherwise take the rest as a check.

Or just sell it privately if you can get more than trade value.

3

yep. totally doable. but probably still more profitable to carmax it separately and come in with check in hand.

4

I would say to sell the Audi separate from the new deal. You can probably get more money for it.

5

Money is money, use it any way you want. But probably best to keep the two transactions separate. I would pocket the money and just make a monthly payment.