Feb 28, 2022
Trading vs Selling

At Meyer Motors we don’t just sell cars, we buy them too! For a smooth experience please bring the vehicle that you are trading in (hopefully this is an obvious one), the vehicle’s title, registration, payoff (if you owe any money on the vehicle), and both sets of keys if you plan to sell the vehicle the same day. It is also appreciated to make us aware of any work you’ve done to enhance the value of your vehicle as well such as new tires, brakes, etc.There is also the advantage of tax savings when it comes to trading in a vehicle at a dealership versus selling your vehicle and then buying a new one at a dealership. Car purchases made in Wisconsin are subject to a 5% sales tax plus county taxes of up to ​0.5%​. When trading in your vehicle at a dealership you will only pay sales tax on the difference between the full purchase price and the credit received from dealerships plus the service fee.For Example: If the vehicle you are trading in is appraised at $10,000 and the vehicle you are buying from the dealership is $20,000 then you would only pay sales tax on the $10,000 difference between your trade in value and the cost of the new vehicle (not including the service fee).