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Old 04-06-2003, 01:23 PM   #1
Corn-Picker
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Question Who's trading in their WRX for an STi?

I've never traded a car in, but I think I'm going to trade my WRX in on an STi, for tax reasons if nothing else. I'd rather pay tax on 17k than 32k.

What's a good trade in price for a 2002 WRX in good condition with 25,000 miles? Edmund's used price suggested value is $15,100.

The problem I have with trade-ins is that I know the dealer can show me whatever I want to see, and adjust the price I pay for the new car. Giving me a $20,000 trade in on my WRX doesn't impress me if he wants $40,000 for an STi.

If the STi is $30,900 as rumored, what is the maximum difference I should be willing to pay if I'm trading my car in? I'm thinking around $31,000 - $15,000 or $16,000 total.
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Old 04-06-2003, 02:41 PM   #2
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Yeah I'm gonna do the same. I've about 17k miles on my odomoter, and will settle for a trade-in between $16-17k.

There's a thread somewhere on the evolutionm.net forums regarding WRXs traded in for an evo. I'm pretty sure someone with similar milage to you managed around $16k.
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Old 04-06-2003, 06:03 PM   #3
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I'm trading mine too. I'm hoping for $20k. I know its a little optomistic, but my car has the factory wing and underbody kit, carbon fiber interior, mirror compass, backup warning, and a LoJack system. So I don't think its too unreasonable.
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Old 04-06-2003, 06:08 PM   #4
StealthWagon
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That is unreasonable, you'd be lucky to get that from a private sale let alone a trade in, don't be disappointed when the dealer says your car is only worth 17. That wouldn't suprise me in the least.
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Old 04-06-2003, 06:20 PM   #5
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oh yeah, and it only has 9k miles and factory 17" wheels. I'm gonna try my hardest to get as much as I can. If they say anything less than 17, I'll sell it off on my own.
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Old 04-06-2003, 06:26 PM   #6
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well, I appraise cars almost every day (I am a sales and finance manager at an import car dealership), and those numbers seem to br right on.

You gotta remember, a dealer will give you what teh veicle is actually worth. In other words, what they could go to auction and buy one for , or send it to auction and sell it for. Car dealerships are around to make money, even though some people seem to think otherwise.

$16-$16.5 for a 2003 WRX with 20-25K miles is not bad, especially if it is all original equipment. Factory options will add to the amount some, but aftermarket stuff will not. Most dealers do not know what the stuff is, how much it costs, nor do they care. They just see it as replacements to parts you need, like new brake pads.

This big thing, as mentioned above, depending on price, etc.. you can save $750-$1000 on sales tax. Now, think of trade plus that (say $17,250), and if you can sell your car private sale (or even want to) for more, go that way.
An example, I sold my 2002 WRX with some mods (AEM CAI, whiteline strut bars/sway bars. kartboy SS) for $17,400. I sold it with NO stereo and NO Wheels and tires though. I put the 17's on my '99 2.5 RS, sold the stock '99 alloys, , and kept the aftermarket stereo system to install in my STI. so it all worked out very well

p-rex
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Old 04-06-2003, 07:24 PM   #7
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Mass charges sales tax on the value of the car, not the sale price, don't they?
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Old 04-06-2003, 07:53 PM   #8
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Quote:
Originally posted by jaypride
Mass charges sales tax on the value of the car, not the sale price, don't they?
yes and no.

in Mass:
On a private sale, you pay sales tax on what the vehicle is valued at due to NADA Trade in amount. This is done since in a private sale, the two parties could easily agree to make a second bill of sale with a lower price to save on sales tax.

On a sale from a licensed dealer, you pay tax on the actual sale price. Being a licensed dealer, enough faith is placed in you that you will not falsify documents and risk your business and going to jail to scape the state out of a few bucks.

now what is refered to above.

It you buy a car for $30K, and your trade is worth $15K, it means you are getting a $15K 'discount' of the price of the vehicle. You are only payin $15K for the new car now, so you only pay sales tax on $15K.

second examply. You buy a $30K car and get $15K for your trade, but owe $17K on it. The discount your new car down to $15K, just like above. you then pay sales tax on the $15K. They then add in your loan amount of $17K to the $15K, and sell you the new car for $32K, bringing you free and clear of the old loan. Not the best way to do things from a customers standpoint, as it puts them in negative equity, but where most people are.

So Yes, in a private sale, they charge on the NADA value of the car as determined by the registry, but No, they do not on Licended dealer sales.

It is this way in MA, CT, and virtually every other state in the country.

P-rex
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Old 04-06-2003, 08:14 PM   #9
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I never understood how they get away with charging sales tax on a used car It's already had tax paid on it once dammit.
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Old 04-06-2003, 09:16 PM   #10
dsmperformance
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Default you try selling outright?

Maybe try selling your car privately rather than a trade. I don't think the dealers are gonna bargain with your trade on the STi. You will probably lose more than you expected with a trade. We have a couple months, try advertising it locally? I just recently sold my '98 Eclipse GS-T that was modded heavily and I know the dealer would not even give me close to what I wanted. The WRX is a pretty hot car right now and you have a good chance of selling. Good luck.
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Old 04-08-2003, 11:33 AM   #11
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Am I going to get killed with 42,000 miles on a 2002 WRX if I trade it in? Anyone have an idea how much extra I will have to pay?
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Old 04-08-2003, 01:05 PM   #12
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Quote:
Originally posted by TurboSub
Am I going to get killed with 42,000 miles on a 2002 WRX if I trade it in? Anyone have an idea how much extra I will have to pay?
Considering the miles and trading for an STi, you will most likely get killed on the deal. Maybe try advertising it in your local paper. You still have 2 months to work on selling your car.
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Old 04-09-2003, 08:33 PM   #13
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I just bought a 2002 Impreza 2.5 RS, which I'm planning on keeping as a daily driver when my STi arrives. I'll still drive the STi regularly, I just won't subject it to the nasty things my RS will get subjected to.
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