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Trade in Work Sheet
"Just print it out"
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Purchasing With Trade
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Purchasing Without Trade
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Purchase Price
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$
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Purchase Price
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$
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Less Trade
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$ ( )
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Difference
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$
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7 % pst
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$
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7 % pst
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$
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7 % gst
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$
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7 % gst
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$
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Total Amount
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Total Amount
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$
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Below is an example of how the trade-in value works with the taxes
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Lets just say you have a trade that you believe is worth around $9,000.00.
The dealer however, offers you only $7,200 for your trade. Should you trade-in your car or sell privately. You are purchasing a car with a value of $20,490.00
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Purchasing With Trade
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Purchasing Without Trade
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Purchase Price
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$20,490.00
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Purchase Price
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$20,490.00
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Less Trade
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$ 7,200.00
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Difference
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$13,290.00
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7 % pst
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$ 930.30
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7 % pst
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$ 1,434.30
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7 % gst
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$ 930.30
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7 % gst
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$ 1,434.30
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Total Amount
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$15,150.00
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Total Amount
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$23,358.60
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Using the comparison above, you would have to sell your trade privately for a minimum of $8,208, plus advertising costs and your time. If
you were able to sell your car
privately for $9,000.00 you could be ahead by $792.00. However, make sure you know what people would be willing to pay for your vehicle and remember they like to negotiate on the price.
Refer to the trade-in page to help in the evaluation of your trade.
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