Quote:
Originally Posted by MadBeamer
Quote:
Originally Posted by paliknight
OP, if you trade it in, you'll actually get a tax break in most states and have positive equity.
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Trade it in as in buy it out? Sorry didn't understand |
If you trade it in for another vehicle, they take it as if it was financed. So they'd pay off whatever the buyout is then cut you a check for the rest. Depending on their appraisal.