I'm going to the dealer to sign the papers tomorrow, and am debating whether to trade in my 93 Jeep Grand Cherokee (72k) or sell it on my own. I've listed it for about 3 weeks at $6500 and it hasn't sold, but the dealer said they may offer me UP TO $4000 on it (without seeing it.)
What should I do? You guys always have good ideas...
The dealer mentioned the tax break of about $300 if I traded it in, instead of selling it. That's still a $2200 difference. I figure insurance for the old car will cost me $120 a month (yes, it's NYC). Even if I sell it for $6000, it gives me about 14 months to break even. Is the hassle worth the $1700?
What should I do? You guys always have good ideas...
The dealer mentioned the tax break of about $300 if I traded it in, instead of selling it. That's still a $2200 difference. I figure insurance for the old car will cost me $120 a month (yes, it's NYC). Even if I sell it for $6000, it gives me about 14 months to break even. Is the hassle worth the $1700?