Your CARFAX Canada Value Range

When you trade in your vehicle at a dealership, a percentage of your trade-in’s value, based on the provincial tax rate, is applied as a credit towards the purchase of your next vehicle.

Here’s an example of how it works in Ontario:

If your trade-in is worth $10,000, the tax credit applied towards the purchase of your next vehicle would be $1,300 (based on a 13% provincial tax rate), resulting in a Total Trade-in Value of $11,300. That’s the advantage of trading-in to a dealership! The credit amount will vary based on the tax rate in your province.