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New car prices are finally coming down. But not by much
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New Cars Are Finally Selling Below Sticker
Web19 de jun. de 2024 · It’s more likely that buyers will over-estimate what their car is worth. Most owners presume that the car they bought four years ago for $20,000 will still be worth $15,000. Some cars will retain that sort of value, but not all. Chances are that the four-year-old car you’re selling is no longer covered by warranty. Web20 de jan. de 2024 · Car auction prices are, on average, 20 percent less than those of a private seller or used car dealer. For the driving enthusiast, a 2024 Ford Mustang GT with around 14,000 miles and a classic V8 engine sells at auction for $25,400. With a retail value of $31,100, that represents a savings of 18 percent. Or on the other end of the spectrum, … WebIf you sell a car for less than you paid for, it there’s no sales tax to pay. However, if you sell your car for more money than you paid for it, the Internal Revenue Services (IRS) considers that a capital gain, and you’ll need to report it when you file your federal and state income taxes. Only after that will you know if you owe any taxes. fly rsw to paris