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** SOLD **

Discussion in '4Runners For Sale' started by steelevo, Jan 11, 2023.

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  1. Jan 11, 2023 at 9:25 AM
    #1
    steelevo

    steelevo [OP] Not so new anymore...

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    ** 4Runner has sold. Thank you for your interest. **
     

    Attached Files:

    Last edited: Mar 25, 2023
  2. Jan 11, 2023 at 9:37 AM
    #2
    jkhayc

    jkhayc New Member

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    Won't you be losing the tax savings regardless, as you aren't trading the vehicle in?
     
    werlyb23 and GJ4R like this.
  3. Jan 11, 2023 at 9:43 AM
    #3
    steelevo

    steelevo [OP] Not so new anymore...

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    I notated that at the bottom of the ad. The sale will need to be coordinated with the new one coming in. I will drive this to the dealer when I pick up the new 4Runner.
     
  4. Jan 16, 2023 at 8:44 AM
    #4
    Super Green

    Super Green New Member

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    So you want to sell it, and trade it in at the same time? I don't think it works like that.
     
    werlyb23 and PennSilverTaco like this.
  5. Jan 16, 2023 at 9:03 AM
    #5
    PennSilverTaco

    PennSilverTaco Encyclopedia of useless information...

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    Please see signature!
    I think he wants the buyer to meet him at the dealer so they don't come to his house...?
     
  6. Jan 16, 2023 at 9:29 AM
    #6
    jkhayc

    jkhayc New Member

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    That's fine and understandable, but the OP has worded the ad such that they seem to believe that they will receive sales tax savings at the dealer despite the fact that this ad suggests that the OP plans to sell the vehicle privately.

    "The new 4Runner will be at the dealer in mid-late February, which is when the one for sale will be available. The car will need to be picked up at the dealer in Minot, ND where the sale will occur also when I pick up the new 4Runner. If you want to purchase it sooner, the price will be higher as I lose the tax savings from the trade-in. The 4Runner is currently located with me in Bluffdale, UT, and will be driven to Minot, ND when the new one arrives at the dealer."

    The bold part is what is in question. Implied in the posting (and assuming OP posts because they WANT to sell the vehicle) of the ad, the OP would receive no tax savings and would pay sales tax on the full price of their new 4Runner.
     
    kolter45, Spare Parts and werlyb23 like this.
  7. Jan 16, 2023 at 9:29 AM
    #7
    steelevo

    steelevo [OP] Not so new anymore...

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    That is exactly what I’m trying to do. It’s called a pass through sale. Basically, I trade it in on the day that I buy the new one, and the dealer immediately sells it to the new buyer. The benefit for the buyer is that they would get the car at a lower trade in price vs buying it from the dealer. The benefit for me is the tax savings.
     
  8. Jan 16, 2023 at 9:30 AM
    #8
    jkhayc

    jkhayc New Member

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    Do you pre-negotiate that with the dealer? Why would they agree to that?
     
    Pavo likes this.
  9. Jan 16, 2023 at 9:32 AM
    #9
    steelevo

    steelevo [OP] Not so new anymore...

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    I was getting ready to type a reply. Thank you for clarifying.
     
  10. Jan 16, 2023 at 9:34 AM
    #10
    steelevo

    steelevo [OP] Not so new anymore...

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    I did negotiate that with the dealer prior to ordering. I have always done this with my trade-ins and have had no issues. There is no benefit to the dealer.
     
  11. Jan 16, 2023 at 11:20 AM
    #11
    Super Green

    Super Green New Member

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    Ah, thanks for clarifying. I can't think of a dealer that would agree to that in my area but I'm happy it will work out for you and a prospective buyer.
     
  12. Jan 16, 2023 at 1:58 PM
    #12
    Pavo

    Pavo New Member

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    exaxtly what I was thinking almost sounds like it would be border line fraudulent for the dealer to be a middleman in that transaction as far as the irs is concerned but hopefully the stars align for you op
     
  13. Jan 16, 2023 at 8:43 PM
    #13
    steelevo

    steelevo [OP] Not so new anymore...

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    There is nothing fraudulent going on here. Just a way to get someone a good deal and save me on state DMV taxes. And the IRS would be of no concern as this is not a Federal Tax matter.

    With that said, I have updated pricing to include both buying at the dealer in North Dakota or from me here in Utah. If you have any questions, please email me. You can include your phone number if you prefer a phone call or text response. Don't miss out on a good deal. Once it goes to the dealer, they will mark it up.

    steelevo6@yahoo.com
     
  14. Jan 21, 2023 at 4:34 PM
    #14
    steelevo

    steelevo [OP] Not so new anymore...

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    **Sale Pending as of 01/21/2023**
     
  15. Mar 25, 2023 at 9:43 AM
    #15
    steelevo

    steelevo [OP] Not so new anymore...

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    Sold.
     
    Steely123 likes this.
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