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Is it okay to trade in a large work truck or other category 3 vehicles for a category 1 vehicle or passenger car?

April 26, 2017category large Trade truck vehicle vehicles

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Is it okay to trade in a large work truck or other category 3 vehicles for a category 1 vehicle or passenger car?

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NO. A “work truck” is a Category 3 truck, which may only be traded in for a Category 2 truck or another Category 3 truck of equal or smaller size. The amount of the credit for trading in a Category 3 truck is $3,500.