In need of some financial/car trading advice.

[JBGTI]

@illusion20

contact the dealer he is looking to buy the gti from…tell him what you are going to buy the 335i for. Im sure they arent going to give him what you are going to pay for it. Have them resell it to you…it may cost you a few hundred dollars but may be the best route. then trade your car in on your 335i to get the tax credit.

This is the only way that makes sense.

[EVOLUTION_VIII_MR]

@JBGTI

This is the only way that makes sense.

thats pretty much what i was thinking, unless you can find me a nice one =)

[jimmyfloyd]

Depending on the dealer, they may run it through their books for you. IE he trades the BMW in on the GTI, You Buy the BMW and trade in your Golf. Since they wouldn’t be doing anything to the car, it saves them, and you both may get the tax savings. This assumes that they are willing to do it and the prices work for them

[Jim1234664]

doesnt a dealer have to inspect a car before they can sell it? hopefully it doesnt “need” anything

[Beck]

@focusinprogress

IF you trade your car in towards his, he benefits from a less taxable sale amount and you get squat.
If you sell your care to a dealer and then take that money to buy his 335 you lose out on the possibility of getting a lower taxable sale amount due to NOT trading in (you get squat)
Also sounds to me like this guy is upside-down on his loan and probably owes more than the car is worth trade-in, so if you try to buy it how’s he going to pay the difference in the loan to remove the lein for you?

I’d walk away and find a different 335. Best-case scenario is find one at a dealer that isn’t asking an unreasonable amount and work out trading in your VW so that the trade-in value comes off the taxable dollar amount on the sale. If you do this any other way you are throwing away extra money that you don’t have to. Sounds like in the end you’d be spending the same amount of money for a bigger headache working out the deal with this dude.

Not true. North Carolina doesn’t tax vehicle purchaes…well they do, but it caps off at $300/$150 or 3%, based on the situation. Being that he’s from out of state, it will be $150.

My advice? Don’t buy one from a broke dick who owes more than it’s worth/doesn’t have a lien on it.

What you’re trying to do is financially impossible. He can’t trade your car in and roll in negative equity from a completely different vehicle. You’re not going to be able to buy his car, without the dealer marking it up somehow.

This is the vehicle purchase equivalient of jerking off with sand paper. Enjoy.

[BigRon]

@1QIKZ

The only part that gets screwed up is the credit of the taxable sale you get when you trade a car, at least in NY. Not sure about NC.

You pay tax based on the state you register, not the state you buy it in.

[1QIKZ]

@BigRon

You pay tax based on the state you register, not the state you buy it in.

Ah yes, you are correct sir. Asleep at the phone.