Buy a certified one and trade in for 2023 when it comes?

[Nish4586]

Hi everyone ,

So we are in need of a family car right now. Telluride seems to be a perfect one. Spouse has set eyes on 2023 one, however we need one right now. Is buying a 2022 certified pre-owned telluride sx trim and trading in for 2023 telluride whenever it comes a good option? Had been to Kia Frisco and they do have 2 in inventory right now. Not the color and interior we like at all but that's okay temporarily. Only concern is vvip package price that I have to pay upfront. There might be some room in negotiating on that one, not sure. Other than that, am I missing anything that might put me in loss when I trade it in for 2023 one whenever that comes in future? Thanks.

 

[Familyman20]

Hi everyone ,

So we are in need of a family car right now. Telluride seems to be a perfect one. Spouse has set eyes on 2023 one, however we need one right now. Is buying a 2022 certified pre-owned telluride sx trim and trading in for 2023 telluride whenever it comes a good option? Had been to Kia Frisco and they do have 2 in inventory right now. Not the color and interior we like at all but that's okay temporarily. Only concern is vvip package price that I have to pay upfront. There might be some room in negotiating on that one, not sure. Other than that, am I missing anything that might put me in loss when I trade it in for 2023 one whenever that comes in future? Thanks.

Yea they're selling them high and trading them low. You'll loose money unless you try to sell it privately or sell it to a company like carmax or carvana or the like which tends to be more than a KIA trade in. Tax savings for trade vs sale should also be considered. GL

 

[Tiffuride]

Yea they're selling them high and trading them low. You'll loose money unless you try to sell it privately or sell it to a company like carmax or carvana or the like which tends to be more than a KIA trade in. Tax savings for trade vs sale should also be considered. GL

Hi can you explain to me what tax savings for trade vs sale means? Does this mean if you sale for the cash, you have to pay taxes on that money? Where as if you trade a vehicle in, there is a savings as you won’t have to pay the taxes vs the sale?

 

[Nish4586]

Hi can you explain to me what tax savings for trade vs sale means? Does this mean if you sale for the cash, you have to pay taxes on that money? Where as if you trade a vehicle in, there is a savings as you won’t have to pay the taxes vs the sale?

Yes please. Would like to know more about that. What I see is money towards vvip package, sales tax and registration fees is the loss for trading in. So far the dealership has been promising full tradein value towards 2023 telluride. I don't know how much should I vouch that.

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[Hangfire]

You will pay more than it is worth and get less when you trade. Unless you put down a decent down payment you will likely be upside down

 

[TheNip73]

Not that much difference between 2022 and 2023 in my opinion to justify this approach.

Personally like the overall package of the 2022 better than what I’ve seen for 2023. Would be nice to have the usb-c chargers and larger wireless charging pad, but don’t care for looks, digital dash, seat aesthetic changes of new model.

 

[Nish4586]

I agree with all the views. It isn't worth making that much of an effort to upgrade to 2023 later. Either buy 2022 or 2023. Does anyone know what could be the cost effective options for any other car until we have the 2023 one? It will probably take an year, assuming based on the current timelines.