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Welcome to Performance Honda! When it’s time to upgrade your vehicle, trading in your current car at our dealership can offer significant benefits, especially when it comes to sales tax savings. Let’s dive into how this process works and why it could be more advantageous than selling to online retailers like Carvana or CarMax.
When you trade in your car and purchase a new one from Performance Honda, you’re eligible for a sales tax credit in many states, including Ohio. This credit can substantially increase the effective value of your trade-in.
Let’s break down the numbers using a specific scenario:
| Component | Value |
|---|---|
| Trade-in Vehicle Value | $22,650 |
| Ohio Sales Tax Credit | $1,585 |
| Total Trade Value (including tax credit) | $24,235 |
As you can see, the sales tax credit effectively increases your trade-in value by $1,585 in this example when you trade in at Performance Honda.
While online car buying services like Carvana and CarMax offer convenience, they don’t provide the sales tax credit benefit. By trading in at Performance Honda, you not only potentially get a higher value for your car but also save on the sales tax for your new vehicle purchase.
Please note the following conditions:
For complete details and to get an accurate appraisal of your trade-in value, it’s best to consult directly with Performance Honda. Contact us today!
Trading in your car at Performance Honda when purchasing a new vehicle can offer significant financial advantages, primarily through the sales tax credit. By understanding this process, you can maximize the value of your trade-in and potentially save both time and money on your next car purchase. Visit Performance Honda to learn more!
