There are many advantages of trading in your vehicle, including tax benefits. Our Mercedes-Benz financial experts at Mercedes-Benz of Silver Spring are outlining all the perks.
Tax Advantages
Your vehicle’s sales tax is based on the total cost of the vehicle, even if you have made a sizable down payment or applied rebates or incentives. However, your trade-in can’t be taxed. So, if you apply a trade-in to your purchase, your sales tax is calculated based on the cost of your vehicle minus your trade-in value.
The Other Perks of Trading in Your Vehicle
Outside of the tax advantages, there are a number of other perks to trading in your vehicle. For starters, it’s a convenient way to sell your vehicle while avoiding all the guesswork of listing it online and haggling pricing with strangers. Plus, there’s no waiting involved – we’re ready to buy your vehicle today!
Trading in Your Vehicle
We make it a quick and convenient process to sell your vehicle at our dealership. Our team will collect pertinent info from you about your vehicle and then we’ll give it a visual inspection and test drive to estimate its value. Before you bring your vehicle in, make sure you empty it of all your personal belongings, and we recommend giving it a quick cleaning too.
You also need to gather the following info:
- Your title and registration
- Any existing lien paperwork
- The owner’s manual
- All sets of car keys
Trade-In Your Vehicle at Mercedes-Benz of Silver Spring
Ready to trade in your vehicle and reap all the benefits? Visit us at Mercedes-Benz of Silver Spring to trade in your vehicle and get into a new Mercedes-Benz car or SUV today!
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