|
|
 |
|
|
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.
|
|
