2014 GX now up on lexus.com
09-12-13, 07:36 AM
#33
Lead Lap
$500 over invoice is still good though since you could try and sell your current GX for more if you wanted to. The problem in my state is the tax savings if you trade in is sometimes more beneficial than trying to sell it yourself. In your case, your trade in my state is like selling your GX for $2,500 more which you may or may not get in a private party sale.
09-12-13, 07:52 AM
#34
Racer
Thread Starter
$500 over invoice is still good though since you could try and sell your current GX for more if you wanted to. The problem in my state is the tax savings if you trade in is sometimes more beneficial than trying to sell it yourself. In your case, your trade in my state is like selling your GX for $2,500 more which you may or may not get in a private party sale.
does anyone know if i do a trade in for a new gx, will my tax on the purchase be lower for pennsylvania?
09-12-13, 08:18 AM
#35
$500 over invoice is still good though since you could try and sell your current GX for more if you wanted to. The problem in my state is the tax savings if you trade in is sometimes more beneficial than trying to sell it yourself. In your case, your trade in my state is like selling your GX for $2,500 more which you may or may not get in a private party sale.
09-12-13, 09:56 AM
#36
I don't know about pennsylvania but I thought it's pretty much universal for your trade amount to receive tax benefits otherwise you just end up paying the same tax twice! They do tax benefit in Canada too.
09-12-13, 10:03 AM
#37
Lead Lap
I looked it up and it looks like Pennsylvania is the same, you only pay tax on the difference. I am not sure it is universal now or not but I do know that this is the one (and only one since all the other taxes have been added taxes) tax advantage our current governor put in place when he came in so it was not always that way. We used to have to pay the "double" tax and as a result I used to sell all of my cars myself. Now this tax relief gives me an option.
09-12-13, 10:37 AM
#38
Racer
Thread Starter
I looked it up and it looks like Pennsylvania is the same, you only pay tax on the difference. I am not sure it is universal now or not but I do know that this is the one (and only one since all the other taxes have been added taxes) tax advantage our current governor put in place when he came in so it was not always that way. We used to have to pay the "double" tax and as a result I used to sell all of my cars myself. Now this tax relief gives me an option.
i found a link for pa law here
https://revenue-pa.custhelp.com/app/...-a-trade-in%3F
ive never traded a car in, so this is my 1st experience with this. might as well trade it in and take less of a hit on the tax
i emailed my dealer and he said they cannot deal until vehicles are here in mid october.
likley they will not have what i want though, so its going to be special ordered anyway.
they almost had to special my 10 gx because there werent that many premis around with what i wanted...
Last edited by T4Fun; 09-12-13 at 11:05 AM.
09-12-13, 11:07 AM
#39
Racer
Thread Starter
09-12-13, 11:08 AM
#40
Racer
Thread Starter
I placed my order last week, it wasn't a special order, they either did a trade with another dealer, or had one coming in the way I wanted it. I ordered the luxury model with Mark Levinson stereo and SS exhaust tip. If they had to place an order, it would have taken 90 days. I should have my vehicle mid to late October. It's the same color I have now, silver/black. I have a VIN # as well. It also has the preferred Accessory Package whatever that is?
09-12-13, 11:32 AM
#42
09-12-13, 11:42 AM
#43
09-12-13, 11:48 AM
#44
