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Reminder: $10,000 cap on vehicle trade-in credits expires Dec. 31

November 12, 2021
Legislation supported by the CATA and the IADA to remove the $10,000 cap on first-division motor vehicle trade-ins takes effect on Jan. 1. If a customer makes an advance trade-in of a first-division vehicle that is valued at more than $10,000 and waits until then to use the credit, the customer will be entitled to a full trade-in credit.  
 
Put another way, the value of the trade-in credit is based on the date the credit is used, not the date the vehicle is traded in. 
 
 

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