What Is My Truck Worth?

[tanked_darren]

I'll sell the canopy seperately.

 

Its 2007 gmc 1500 4.8 w/t 2wd reg cab/box with 123,000 KMS on the odo.

 

Excellent condition decent rubber. A/c c/d and fog lights with dic.

 

Told the guy at the dealer some are going for 12000$ this is in britsh columbia he was gonna call me back 12 is high but he's gonna lowball obviously

[tanked_darren]

Go ahead rate it one star, because that really deters people.

[Carder09]

Go ahead rate it one star, because that really deters people.

 

Wait you want me to rate this post one star?? lol, But I guess thats a decent price actually, When I bought my 06 2WD quad cab with bells and whistles, no leather seats or bose, and 87,000 miles, It cost me $14,000 which was actually the fair pricing and nothing was wrong with the truck except for a very minor dent or two and 30% tire tread left.

[tanked_darren]

Go ahead rate it one star, because that really deters people.

 

Wait you want me to rate this post one star?? lol, But I guess thats a decent price actually, When I bought my 06 2WD quad cab with bells and whistles, no leather seats or bose, and 87,000 miles, It cost me $14,000 which was actually the fair pricing and nothing was wrong with the truck except for a very minor dent or two and 30% tire tread left.

 

I noticed someone rated it 1 earlier, ok so I was in the ball park to say 12 to start because I know these guys lowball, it was a honda dealer, I told him I was going to look at chevy and hyundai as well, which I am, to see what they will offer as well

[RyanbabZ71]

lots of factors determine how much you will get (location, gas prices, market conditions, used truck availability, etc)

[SouthCo]

Good luck with the sale. what are you looking to get? I know you were talking about selling your truck for a civic or car becasue of gas milage in another thread.

[tanked_darren]

Good luck with the sale. what are you looking to get? I know you were talking about selling your truck for a civic or car becasue of gas milage in another thread.

civic, cruze, or maybe accent. I was considering selling the truck privately, but then I have to deal with people, which is annoying. Just trying to see what people out there think about pricing for trucks like mine, Im using this site for what its meant for, a tool. Im also using craigslist and such, bit thought id give here a shot as well.

[cariveau]

Good luck with the sale. what are you looking to get? I know you were talking about selling your truck for a civic or car becasue of gas milage in another thread.

civic, cruze, or maybe accent. I was considering selling the truck privately, but then I have to deal with people, which is annoying. Just trying to see what people out there think about pricing for trucks like mine, Im using this site for what its meant for, a tool. Im also using craigslist and such, bit thought id give here a shot as well.

 

 

Go to kbb.com and punch in your vehicle details. You should probably expect to get fair trade in value, not sure what that is but you could post it once you check...

[robertfootball]

In my recent trade-in experience I was offered $1,000-2,000 MORE at a GM dealership then I was at any Ford, Toyota, or Dodge dealership. You would think they would ALL give you what KBB says it's worth in trade-in value but truth is a GM dealer is more then likely going to give you a better trade for a GM truck then say a Ford, Honda, etc will. So be prepared to do some serious haggling or walk away. I walked away several times while truck shopping because I stood firm on my trucks value and i refused to budge at all. in the end I got exactly what i wanted for the truck trade-in wise.

[ujtruck]

stared !

[tanked_darren]

In my recent trade-in experience I was offered $1,000-2,000 MORE at a GM dealership then I was at any Ford, Toyota, or Dodge dealership. You would think they would ALL give you what KBB says it's worth in trade-in value but truth is a GM dealer is more then likely going to give you a better trade for a GM truck then say a Ford, Honda, etc will. So be prepared to do some serious haggling or walk away. I walked away several times while truck shopping because I stood firm on my trucks value and i refused to budge at all. in the end I got exactly what i wanted for the truck trade-in wise.

I'm prepared, I just didn't want to look like an ass by asking too much for the truck, guy seemed concerned when I told him after he figured what he'd give for the trade I told him we could talk numbers on the new vehicle. Seems he wanted to gouge me either on the trade in or the new vehicle. Either way, it seems in Canada 12,000 isn't a far out number for a truck of my age and mileage.

[robertfootball]

In my recent trade-in experience I was offered $1,000-2,000 MORE at a GM dealership then I was at any Ford, Toyota, or Dodge dealership. You would think they would ALL give you what KBB says it's worth in trade-in value but truth is a GM dealer is more then likely going to give you a better trade for a GM truck then say a Ford, Honda, etc will. So be prepared to do some serious haggling or walk away. I walked away several times while truck shopping because I stood firm on my trucks value and i refused to budge at all. in the end I got exactly what i wanted for the truck trade-in wise.

I'm prepared, I just didn't want to look like an ass by asking too much for the truck, guy seemed concerned when I told him after he figured what he'd give for the trade I told him we could talk numbers on the new vehicle. Seems he wanted to gouge me either on the trade in or the new vehicle. Either way, it seems in Canada 12,000 isn't a far out number for a truck of my age and mileage.

 

 

 

I don't care if i looked like an ass to those other dealers or not. i was NOT going to let my truck go for $8,000 or $9,000, unless they were planning to come off another $2-3,000 on their truck. they weren't so guess what? i bought from a dealer that knocked off $9,800 AND gave me $10,000 on my trade-in AND thrw in the 6" side steps that cost $680(i got them for nothing). I got what i wanted and he made his money and moved some inventory. I was beyond happy and so was he. that's how buying a new vehicle should be.

[therapy]

First things first, when negotiating for a new vehicle, don't mention the trade-in until you've gotten a price on the new truck that you like.

 

The procedure should be as such.

 

1) Identify the vehicle you want with the options/trim.

2) Using this method, identify the price you want to pay.

 

 

• What is the Invoice price of the vehicle? (use the sticker or Edmunds.com to get an idea - for example, let's say sticker price is $35k and invoice is $30,000 here)
  
• What are the current promotions on the manufacturer's website? (example: $2500 cash back or 0% for 60 months with $500 cash back, etc)
  
• Subtract any promotional dollars from the INVOICE PRICE. ($30,000 - $2,500 = $27,500). This is your new invoice price.
  
• Add on a bit for profit/shipping. Say $1,000. $28,500 is your new offer price.
  

 

 

3) Send this email to the Internet sales/fleet sales department of every local dealership (I defined "local" as within 100 miles of my home, you can define it however you want).

 

"Hello, I'm interested in a [VEHICLE DESCRIPTION] with the following [OPTIONS LISTED HERE]. I am willing to purchase the vehicle today for the price of [OFFER PRICE] as equipped. Please email me back if you have a vehicle that meets my description and you can meet my price. Thank you."

 

4) Wait for replies from the dealerships around your area. Do not respond to any of these unless they've got the vehicle on the lot and come back with a price you find acceptable.

 

5) If asked if you have a trade-in, say that right now, it's not their concern. The price of the vehicle is the price of the vehicle, and whether you decide to trade-in your truck or not will not be affected at all by the purchase price of the truck.

 

 

 

I have followed this procedure for six car purchases with my family in the past 10 years. My brother's 2005 Silverado, my 2007 Sierra, my mom's 07 Tahoe, etc. Negotiating with the internet sales manager is typically easier than the standard sales guys.

 

When I bought my 07 Sierra, I traded in an 06 Silverado. I had spoken to a friend with access to the dealer auctions for used cars, and he said that vehicles like my 06 Silverado were selling for $24k-$25k. I decided that I would not trade in my truck for less than $22k. Ended up getting the sticker price on the Silverado down to where I wanted it, and getting $22k for my trade-in because I didn't bring it up until the end. I had gone to 4 dealerships, and emailed 13 of them.

 

In the end, the vehicle I want was at Dealership A, but Dealership B gave me a better trade-in value and said they would do a dealer trade for the vehicle. The next day I picked up my new truck, handed over the keys to my old one, and drove off the lot happy.

 

The most important part of all of this is the following:

Know what the vehicle is worth

 

This applies both to the car you're buying and the car you're selling. Don't get screwed on either of these things.

[rog_ski]

First things first, when negotiating for a new vehicle, don't mention the trade-in until you've gotten a price on the new truck that you like.

 

The procedure should be as such.

 

1) Identify the vehicle you want with the options/trim.

2) Using this method, identify the price you want to pay.

 

 

• What is the Invoice price of the vehicle? (use the sticker or Edmunds.com to get an idea - for example, let's say sticker price is $35k and invoice is $30,000 here)

   

• What are the current promotions on the manufacturer's website? (example: $2500 cash back or 0% for 60 months with $500 cash back, etc)

   

• Subtract any promotional dollars from the INVOICE PRICE. ($30,000 - $2,500 = $27,500). This is your new invoice price.

   

• Add on a bit for profit/shipping. Say $1,000. $28,500 is your new offer price.

   

 

 

3) Send this email to the Internet sales/fleet sales department of every local dealership (I defined "local" as within 100 miles of my home, you can define it however you want).

 

"Hello, I'm interested in a [VEHICLE DESCRIPTION] with the following [OPTIONS LISTED HERE]. I am willing to purchase the vehicle today for the price of [OFFER PRICE] as equipped. Please email me back if you have a vehicle that meets my description and you can meet my price. Thank you."

 

4) Wait for replies from the dealerships around your area. Do not respond to any of these unless they've got the vehicle on the lot and come back with a price you find acceptable.

 

5) If asked if you have a trade-in, say that right now, it's not their concern. The price of the vehicle is the price of the vehicle, and whether you decide to trade-in your truck or not will not be affected at all by the purchase price of the truck.

 

 

 

I have followed this procedure for six car purchases with my family in the past 10 years. My brother's 2005 Silverado, my 2007 Sierra, my mom's 07 Tahoe, etc. Negotiating with the internet sales manager is typically easier than the standard sales guys.

 

When I bought my 07 Sierra, I traded in an 06 Silverado. I had spoken to a friend with access to the dealer auctions for used cars, and he said that vehicles like my 06 Silverado were selling for $24k-$25k. I decided that I would not trade in my truck for less than $22k. Ended up getting the sticker price on the Silverado down to where I wanted it, and getting $22k for my trade-in because I didn't bring it up until the end. I had gone to 4 dealerships, and emailed 13 of them.

 

In the end, the vehicle I want was at Dealership A, but Dealership B gave me a better trade-in value and said they would do a dealer trade for the vehicle. The next day I picked up my new truck, handed over the keys to my old one, and drove off the lot happy.

 

The most important part of all of this is the following:

Know what the vehicle is worth

 

This applies both to the car you're buying and the car you're selling. Don't get screwed on either of these things.

 

I really like this method and will steal it for the next time I am looking for a new vehicle.

 

Something else you can do is if you have a Private buyer for your vehicle is have the sale go through the dealership. I think you are the same in BC as we are in ontario where a purchaser has to pay the HST even on a second hand vehicle.

 

I recently bought a snowmobile this way and the seller gave me a break on the price of the sled and he got a break on the tax on his new sled. The dealership was just happy to sell a new sled and listed mine as a "as is" sale.

 

Especially in canada where you are over a barrel with the taxes 13 -15% on the trade in. You could likely get the cash deal on your new vehicle and get the tax offset for the sale price of your truck.

[tanked_darren]

Long story short, truck is paid for, and these suckers can suck it, Im in here for the long haul, no need to get rid of the truck, im just looking.