Quote:
Originally Posted by jlapicki
......did the dealer keep your equity as a deposit on the new car or cut you a check?
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Quote:
Originally Posted by jg4c
I assume the dealer already gave you a check for the full trade in value, when you traded your car in early?
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Our invoice shows a trade allowance of $38,600, however, we owed about $39,161, so we paid the difference. So no equity into our pocket, but the trade amount should still reduce our tax bill?