Tax Benefits of Trading in Your Old MAZDA Car

Aside from the convenience of getting a KBB instant cash offer when you trade in your vehicle, there are also tax benefits associated with trading in your car at your local Mazda dealership. Learn how the tax incentive works at Superior Mazda today.

How the KBB Instant Cash Offer Works

First, let’s discuss the instant cash offer. As implied in its name, the cash offer is based on the Kelley Blue Book value. This doesn’t take into account other factors, such as existing wear and tear. An inspection at the dealership from one of our dealers will determine the final valuation and offer.

You can use our trade-in page to get an instant estimate price within three business hours. Just fill out some basic vehicle information and submit photos of the vehicle’s exterior and interior.

Tax Incentives of a Trade-In

How does a car trade-in benefit you tax-wise? When you trade, the vehicle’s value is deducted from the new car purchase. This means you’re paying less total for the car. By paying less, this means you also pay less in sales tax.

How much this can save you depends on the local county within Arkansas. The state has a 6.5% sales tax. You may also have to pay an additional county and city sales tax. Your total tax savings can vary depending on the tax bracket, total value of the new car, and value of the trade-in.

Trade at Our Dealership in Bentonville, AR

At Superior Mazda, it’s easy to trade in your old Mazda vehicle and put your return toward acquiring a great new model, like the Mazda3 or Mazda CX-50. Save time and money with a car trade-in today — we can’t wait to help you find the perfect new ride.