I’m looking to lease a car for the first time, and also first time working with a broker. I have a paid off car that I’d like to trade-in or sell.
After some research, it seems like for NY state, there is some tax savings if I trade in a car as it helps offset the tax I would pay on the purchase of a new car. But does that also apply to a new lease?
I’m trying to see if it’s better for me to try and trade-in my car to the dealership that the broker is getting the new lease from or to sell the car on my own (eg Carvana or another dealership).
If you trade in a car you own, not lease, there should a tax credit, although unless this is a total coincidence I think you’re the same person I’m emailing with lol.
