Selling my car to Carvana Tips and Taxes that I need to consider

,

I bought my X4m40i last year after my lease ended
at the time I had some equity in the car and inventory was soo low and demand so strong that no deal was attractive to me to renew a lease. I did my lease in 2019 when the market was complety different

today I see that market is starting to be slowly more favorable to the buyer
after talking to some dealers and do some reasearch my best path is sell my car to carvana o similar site then shop for a lease
A couple of questions please

  1. is it a good idea to sell my car to carvana (or similar site)? not taking into consideration the cash flow part or the reinvestment that i can do with the money from the car
  2. when i sell the car, are there any taxes that I need to take into consideration? i already pay taxes when i bought the car directly
  3. try to trade in my car to a dealer but nobody is matching close the offer from carvana (5k off)

If you have best and highest from Carvana, take it and run. Before (and if) they go under… :joy:

Nah, no taxes to be concerned about.

3 Likes

This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.