Can you give me opinions on the benefits of trading in an business assett for another versus buying outright and then selling the other? Which do you advise your clients to do.
Thank you
Thank you
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Usually trading-in brings a lower price than selling the asset. But then you have to find a buyer and the hassel of doing so. Also when you trade-in you get the benefit of lower sales tax because the sales tax is based on the actual "Net" paid for the new asset.This post is for discussion purposes only and should be verified with other sources before actual use.
Many times I post additional info on the post, Click on "message board" for updated content.
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