Technically yes...but it could have been worse. Part of what tarnishes this truck's history for me is that the very week I got it, a 16 year old on her phone crashed into me. Just a fender bender but did 11k worth of damage.
That being said, and given that it had a bad Carfax, I think the dealer overbid on my trade. When I delivered the truck they tried to waffle on the price but I had it in writing...too bad for them.
So, it was an LTZ, with 6385 miles. Sticker was originally 58,750. I think I paid 53,950...something like that. Dealer said there are no book values out yet so they had to take a guess. They bid 43k on it. I owed about 50k on it and I also got a diminished value check in the mail for about 4k. So, I had 3k in negative equity. The new truck I bought stickered for 73.8k. So they had PLENTY of margin in that to knock a bit off(which they should do regardless of trade but you know how that goes).
All in all, it was worth the 3k(depending on how you look at it) to my wife and I to be rid of something that has been nothing but a source of stress for the last almost 5 months. The car payment sucks anyway so may as well have something that actually sits in your driveway. Also, I got in on the 0% for truck month and that was nice timing too.
One thing I learned...and this probably isn't new...but they offer trade in price based on what you are trading for. If you trade your truck in on a 10k car, they aren't making shit on that new car so they are going to make it up by giving you crap on your trade in value. You buy a car with a lot of margin and they give you a little more for your trade to give you that warm and fuzzy.
But, I think 10k off what I paid for a used truck, w/ 6k miles AND a bad Carfax isn't terrible considering you can get a new one now for about 50k if you buy at the right time. If you wait a couple of months and the incentives start for them to get rid of the 19s to make room for the 20s, that price drops even more. You get into the territory where they can't offer you what you want for the trade because you are so close to new price at that point, no one will buy your used truck.