Here at Herb Gordon Subaru, we believe the Subaru finance process should be easy and accessible for every driver. Learn about the tax benefits of trading in your vehicle at our dealership today.
Lower Sales Tax
One of the benefits of trading in your vehicle is the lowered sales tax. When you trade in a car, the value of the vehicle is deducted from the down payment, which means you’ll have a smaller down payment and smaller monthly payments.
These lower costs extend to sales tax. The trade-in vehicle’s value is deducted from the cost of the new car before the sales tax is calculated. This can be incredibly helpful since sales tax is often a significant additional cost.
You’ll Have Access to Eco-Friendly Vehicles
Since trading in a vehicle can lower your costs, you’ll have access to a wider range of model options available within your budget, some of which might be a hybrid, plug-in hybrid, or EV model.
When you purchase one of these eco-friendly vehicles, you may see tax credits from the federal government of up to $7,500. Not only will you have to fuel up less often, but you’ll see a lot of your initial investment returned to you in the form of these credits.
Subaru Financing at Herb Gordon Subaru
Regardless of your Subaru financing questions, our team at Herb Gordon Subaru has the answers. Learn about tax benefits, trading in, and exciting new Subaru models hitting the market right here at our dealership.
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