Auto Trade in, Car Trade in


	Trade in Work Sheet

Purchasing With Trade		Purchasing Without Trade
Purchase Price	$	Purchase Price	$
Less Trade	$ ( )
Difference	$
7 % pst	$	7 % pst	$
7 % gst	$	7 % gst	$
Total Amount		Total Amount	$


	Below is an example of how the trade-in value works with the taxes


	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

Purchasing With Trade		Purchasing Without Trade
Purchase Price	$20,490.00	Purchase Price	$20,490.00
Less Trade	$ 7,200.00
Difference	$13,290.00
7 % pst	$ 930.30	7 % pst	$ 1,434.30
7 % gst	$ 930.30	7 % gst	$ 1,434.30
Total Amount	$15,150.00	Total Amount	$23,358.60

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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Trade in Work Sheet