Buying, Selling or Leasing a Car
This section is provided to assist clients in making informed financial decisions when buying, selling or leasing vehicles. Being knowledgeable before shopping can help save those hard-earned dollars. This page is organized in logical steps to help you prepare yourself.
(STEP #1) Determine Trade-in Values - Use this link to determine the trade-in value of your vehicle. The valuation will take into consideration the make, model, year, mileage, condition and vehicle amenities.
(STEP #2) Determine Affordability - Based on your down payment (if any), trade-in (if any), current interest rates, and the amount you can afford monthly, this automobile affordability calculator will determine what purchase price you can afford. With this information, proceed to the new or used car values to select a vehicle within your price range.
(STEP #3a) New Car Values - Use this link to determine the suggested resale price of a planned new car purchase.
(STEP #3b) Used Car Values - If you plan on purchasing a used vehicle, use this link to determine the estimated used car retail value . Caution: Used car values can vary significantly, based on the condition of the vehicle.
(STEP #4) See if any of the special considerations below apply to you.
Considering
a Lease? If you are considering a lease rather than purchasing a vehicle, this
calculator
can assist you in evaluating whether it is better to lease or buy.
Financing the Vehicle?
Please review our
article
on the deductibility of vehicle interest.
Using the Vehicle for Business?
Please review our article
on luxury auto limits and the options available for deducting automobile expenses.
Purchasing or Purchased a Hybrid Vehicle?
If so, you are entitled to a substantial tax deduction.
E Thomas Associates Inc. is a registered investment advisor in Kentucky.
Dave Smith & Tony King are Registered Representatives of and securities are offered through Dalton Strategic Investment Services, Inc., member FINRA & SIPC. 6408 River's Edge Rd, Greenville, OH 45331
.