Trade-In vs Cash, Carvana vs Local: The Smartest Way to Sell a Used Car in NY/NJ
TL;DR Dealer trade-in almost always pays less than selling for cash, but it can win on net money because NY and NJ let you subtract the trade-in value before sales tax on your next car. If you are not buying again, that credit disappears, and cash usually puts more in your pocket faster. Trade-in is…