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#75
Old 03-24-2012, 03:59 PM
daake07 daake07 is offline
L2: Beginner
  • Feb 2012
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Quote from xyos View Post :
that stinks Frown, so even if I pay sayy $25k total, I shouldn't really have much of a problem making an easy $5k profit
I haven't checked what these are going for used....really it should be any higher than $31K right now (since that is potentially the new price) you could make somewhere around $5,000....unless someone is willing to pay more to not end up getting the tax rebate (some people aren't intelligent).

Also someone please correct if I'm wrong, but if you sell it for profit then it will be taxed 15% for capital gains.

edit: That's true you should be able to claim the tax credit for purchasing the car. So that will help offset some of the money you would lose because of capital gains.

Last edited by daake07; 03-24-2012 at 04:01 PM..