Was wondering at what valuation it starts to make sense to trade in a current owned vehicle versus selling it to Carmax/Carvava/Vroom/etc. For example, I got an online offer of $33,600 from Carmax. The new car I am about to finance (not lease) is at 2.49% for 6 year term. Given how cheap money is a…

What does the finance rate on a new loan have to do with trading vs selling a car outright. Carmax value > trade value + tax savings = sell to Carmax Trade value + tax savings > Carmax value = trade vehicle in

I think the rate plays a role because money is cheap right now. Its the same reason why I am not putting any money down on the vehicle I am purchasing (just the taxes). I can take those $33,600 from Carmax and plug into my investment portfolio versus simply lowering the loan amount by trading it in…

yes of course invest, because stocks never go down. Wonder why banks don’t think of that, why loan at 2.49% when they could just invest?

You’re able to receive a check from the dealership (for your trade) just as you would from CarMax. You’re also asking questions that none of us on here have the full details to. Sure, it is 2.49% interest. Is that on financing $10,000? $100,000?

Oh. Didn’t know that was an option. Financing roughly 60k

[image] mmr.home: yes of course invest, because stocks never go down. Wonder why banks don’t think of that, why loan at 2.49% when they could just invest? Glad to see you have such a relevant and busy life to have the time to post your sarcastic smarta** response adding nothing productive to …

Most people don’t, because #1 dealers LOVE to further complicate a deal by mixing in a trade. Classic game of watch this hand, while I do something else with my other hand.

So do you think it would be safe to let them tell me what they value my trade in at and then just ask that they give me that amount in a check? The price of the new vehicle is already set in stone because its Tesla and they don’t negotiate. At the same time I don’t know what their practices are in …

What is Tesla offering you? When I got my Tesla, CarMax offered $4k over Telsla’s trade value… so it was an easy decision to make.

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Trade-in vs sell to Carmax?

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hashone January 18, 2022, 12:02pm 3

Solution .