A simple Answer TO yOUr Question
What is the NJ trade-in tax credit and how does it save me money?
In New Jersey, when you trade in a vehicle at a dealership during the purchase of a new or used vehicle, you only pay sales tax on the difference between the new car price and the trade-in value, not on the full purchase price. NJ's sales tax rate is 6.625%. So if you are buying a $40,000 car and trading in a vehicle worth $15,000, you pay tax on $25,000 rather than $40,000, saving approximately $994 in taxes. This credit does not apply if you sell privately and then purchase separately. On high-value vehicles, this tax advantage can narrow the gap between a dealer trade-in offer and a private sale significantly.
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Vantage Auto Group is the most efficient and professional group to get a car from.David, my contact was very professional and a pleasure to deal with
Vantage Auto Group is the most efficient and professional group to get a car from.David, my contact was very professional and a pleasure to deal with
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Had a great experience, our rather urgent needs were addressed promptly and professionally. Thank you, Elka Green, for your recommendations! We’ll come back, happy customers.
Had a great experience, our rather urgent needs were addressed promptly and professionally. Thank you, Elka Green, for your recommendations! We’ll come back, happy customers.
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Great service. David and Jess were incredibly helpful and the whol process could not have been easier.
Great service. David and Jess were incredibly helpful and the whol process could not have been easier.
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I can’t thank Sean enough for making my transition seamless and completely stress-free. What can often feel like an overwhelming process was made easy and comfortable from start to finish. He took the time to truly understand my wants, needs, and budget without any judgment, and kept me informed every step of the way. His humor and authenticity were an added bonus and made the experience even more enjoyable. Going from one lease to another in under a week felt effortless and refreshing, even without stepping into a dealership. See you in three years, Sean!
I can’t thank Sean enough for making my transition seamless and completely stress-free. What can often feel like an overwhelming process was made easy and comfortable from start to finish. He took the time to truly understand my wants, needs, and budget without any judgment, and kept me informed every step of the way. His humor and authenticity were an added bonus and made the experience even more enjoyable. Going from one lease to another in under a week felt effortless and refreshing, even without stepping into a dealership. See you in three years, Sean!
Alexia Lekkas
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