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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What Our Customers Say
People come for the number. They stay for how easy we make it.
The experience was great working with Dave and his team. I hate buying cars but this changed it for me - Thanks everyone!
The experience was great working with Dave and his team. I hate buying cars but this changed it for me - Thanks everyone!
Michael Fonseca
We purchased a 2026 Volvo through the Vantage Group. From the first contact with David every interaction was done with the utmost professionalism. David kept us up to date during our search which involved several changes. I thoroughly recommend this group and will tell my friends to take advantage of David and his group.
We purchased a 2026 Volvo through the Vantage Group. From the first contact with David every interaction was done with the utmost professionalism. David kept us up to date during our search which involved several changes. I thoroughly recommend this group and will tell my friends to take advantage of David and his group.
don moscato
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
Douglas McGreal
Sean was just fantastic to work with! We secured our new Volvo lease through him, and he was attentive and friendly every step of the way. He made the experience great and answered any questions we had in a timely manner.
Sean was just fantastic to work with! We secured our new Volvo lease through him, and he was attentive and friendly every step of the way. He made the experience great and answered any questions we had in a timely manner.
Nina Ramadan Patel
Angela DiMarco
alexandra monard
The entire process from start to finish was handled with class
The entire process from start to finish was handled with class
Donald Blaine
Sarah was great! She really helped us get into the exact car we were looking for. I was shocked how fast and seamless the whole process went. Would recommend her to anyone looking for a new car.
Sarah was great! She really helped us get into the exact car we were looking for. I was shocked how fast and seamless the whole process went. Would recommend her to anyone looking for a new car.
Jeff Freitag