What Are the TXTrade-In Tax Credits?
Looking to trade in your vehicle for a newer model? Consider Mike Terry Ford, your premier Ford dealership near Corsicana! Besides a fantastic lineup of new Ford models to choose from, we also offer an incredible advantage -- the Texas trade-in tax credit, which can help you save significantly on your next car purchase.
Learn about the Texas trade-in tax incentives and browse our inventory to see which model you’d like to trade in and trade up to. We make it easy to value your trade-in for something new that you’ll love for miles to come, so don’t hesitate to visit us at Mike Terry Ford.
Understanding the Texas Trade-In Tax Credit
When you upgrade your current vehicle through us, you are only obligated to pay taxes on the difference between the cost of your new vehicle and the value of your trade-in.
For example, if you trade in a car valued at $20,000 for a new Ford retailing at $25,000, you'll only be taxed on the difference of $5,000. This tax credit does not apply if you decide to sell your car privately, making it an exceptional benefit when trading in your car at a dealership like ours.
With the Texas sales tax rate set at 6.25%, this approach could help you pocket substantial savings.
Estimate Your Trade-In Value in Mexia, TX
Value your trade-in with us and upgrade to a new Ford Escape or Ford F-150. If you can't find the exact model you're looking for, don't hesitate to contact Mike Terry Ford. We are dedicated to helping you find the perfect car, truck or SUV for you at an exceptional price. And with the TX trade-in tax credit, it’s easier than ever to save!
Seize this exceptional opportunity to upgrade your vehicle and save more with the Texas trade-in tax credit. Visit us at Mike Terry Ford and jump-start your trade-in process. We look forward to seeing you at our nearby Ford dealer.