Trading in your vehicle can be a convenient way to get rid of your old car and put the money towards a new one. Here's a rundown of the process and some things to consider:
Trade In Benefits:
Convenience: It's a one-stop shop! You trade in your old car and drive away in your new one, eliminating the hassle of selling it privately.
Down payment: The trade-in value reduces the amount you need to finance for your new car, potentially lowering your monthly payment.
Sales tax savings: In Louisiana, you only pay sales tax on the difference between the new car's price and the trade-in value of the vehicle you currently own and are looking to trade in.