Trade-in to the same dealership on lease Vs separate

Ask the Hackrs
,
1

Hi Leasehackrs,
I live in CA and I’m about to get a EV on lease(shopping around for a Kia EV9), while I want to sell my used 2014 honda crv, before that. Now I’m in a dilemma on whether to do a trade-in with the same dealer Vs sell it separately (another dealer or directly).
I personally prefer to trade-in to the same dealer to make the process simple, I’m afraid:

  1. will lease dealership take advantage and make up his margin in the combined deal?
  2. are there any tax advantages in california in doing a trade-in Vs a “sale”
    Please share your insights and point of views. Thanks
2

Best thing to do is get a Carmax and Carvana quote online and be okay with having to sell to them as a backup

Not every dealer is going to give you top dollar on your trade in especially when giving away the new car

CA does not offer any tax savings on dealer trade ins, its just a cash value which gets treated the same as a downpayment

5 Likes
3

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