Thinking of selling my 14 Allterrain 39k miles

[doozer78]

If a dealer is offering you 30k, do your homework, they are screwing you on the other end.

How so? I see nothing that tells me otherwise. Kbb is $28k

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[Doublebase]

26 minutes ago, doozer78 said:

How so? I see nothing that tells me otherwise. Kbb is $28k

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How so? Do your research on the vehicle you are purchasing...what people are actually paying for that vehicle right now. Rebates, out the door price. That’s the “other end”. 
 

Dealers will often give you “more” in trade to trick you into thinking you got a good deal, then they simply won’t give you the money off on the other end. Happens every single day. Everyday.

[doozer78]

How so? Do your research on the vehicle you are purchasing...what people are actually paying for that vehicle right now. Rebates, out the door price. That’s the “other end”. 
 
Dealers will often give you “more” in trade to trick you into thinking you got a good deal, then they simply won’t give you the money off on the other end. Happens every single day. Everyday.

2019 left over sierra rocky ridge At4 6.2 $42k out the door with trade was originally $70k dealer had it reduced already plus my trade. I seen the #s

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[diyer2]

Seems you have your mind made up.

IMO

First establish the price of the new truck.

Now you know the best price they will give you.

Don't mention a trade in.

Then bring up trade in.

I agree with Doublebase. People allow the dealers to jive the numbers around to their favor.

 

 

[Grumpy Bear]

23 minutes ago, doozer78 said:

2019 left over sierra rocky ridge At4 6.2 $42k out the door with trade was originally $70k dealer had it reduced already plus my trade. I seen the #s

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So $42 + the $22 you owe is $64 of debt. How deep hole you figure you can fill? Someone is going to get a really nice truck and your getting a mountain of debt and a stock truck. How long before the modify bug bites? How much did you spend on the mods you did? You're going to throw that money away. I've never had enough money to do a trade like this and go, "Meh". 

 

 

Edited March 24, 2020 by Grumpy Bear

[SierraHD17]

Pretty much.  Sometimes the high trade works in your favor and sometimes not.  When I bought my 2015 Silverado I had a 2013 F150 I bought 18 months prior and paid 32k out the door for.  It was a weird oddball XLT extended cab with a 6.2 in it so not a common truck.  Everyone at the time was offering around 13k in rebates on a finance deal plus then whatever else you could negotiate on the GM trucks.  When I mentioned trade in they would offer me about 23k for the Ford at the highest.  One dealer though did better and I say that's why you watch.  They offered an initial 9500 off the new truck but then offered 30k for my trade... well you do the math... still better than anyone else.  I ended up having to threaten to walk when I got to the dealer with my trade in as they of course changed their minds miraculously but I got my deal in the end.

 

It's all a numbers game... shop around asking first on an out the door price then bring up the possibility of a trade in after... you will find something.

[Doublebase]

57 minutes ago, doozer78 said:

2019 left over sierra rocky ridge At4 6.2 $42k out the door with trade was originally $70k dealer had it reduced already plus my trade. I seen the #s

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42k after your trade? 
 

That truck is going for 56k out the door with rebates in my area. And that was before all this madness hit. I’d shop around.

Edited March 24, 2020 by Doublebase

[doozer78]

So $42 + the $22 you owe is $64 of debt. How deep hole you figure you can fill? Someone is going to get a really nice truck and your getting a mountain of debt and a stock truck. How long before the modify bug bites? How much did you spend on the mods you did? You're going to throw that money away. I've never had enough money to do a trade like this and go, "Meh". 
 
 

I owe 22 offered 30 on trade so I have 8k in equity

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[doozer78]

42k after your trade? 
 
That truck is going for 56k out the door with rebates in my area. And that was before all this madness hit. I’d shop around.

Yes

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[Doublebase]

1 minute ago, doozer78 said:

Yes

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I don’t know much about these particular trucks, but here’s one near me.

 

 Brand new out the door.

https://www.springfieldbuickgmc.com/VehicleDetails/new-2019-GMC-Sierra_1500-Crew_Cab_4WD_AT4_Rocky_Ridge_Alpine%2FK2-North_Springfield-VT/3539253033

Edited March 24, 2020 by Doublebase

[Grumpy Bear]

20 minutes ago, doozer78 said:

I owe 22 offered 30 on trade so I have 8k in equity

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So $56 then my bad. 

 

23 minutes ago, Doublebase said:

42k after your trade? 
 

That truck is going for 56k out the door with rebates in my area. And that was before all this madness hit. I’d shop around.

So they get his truck for FREE. 

[Doublebase]

26 minutes ago, Grumpy Bear said:

So $56 then my bad. 

 

So they get his truck for FREE. 

It appears that way. 
 

It’s obviously a buyer’s market right now, BUT that changes dramatically when you have to trade something in. Because in a sense you are now not really the “buyer”, you’re also now the seller. And they will take full advantage of that.

[PPK]

My financial advice is to trade down to a cheaper truck and cut your debt. a six year old truck should be paid off... you will need financial flexibility if you keep it, to fix it. Vehicles are such a lousy use of capital. If you use it for work - and can expense it, that is one thing. but, please be careful with trading these $50k trucks, the taxes, the insurance and upkeep will ruin you, unless you really have the scratch to do it...

[dieselfan1]

I'm wondering how come you still owe 22G on a six year old truck. 

 

[tmo]

I'm wondering how come you still owe 22G on a six year old truck. 

 

Also wondering this.. that’s an intense amount left.

 

Did you do 120 month or what? Is that possible?

 

I would finish paying it off then evaluate your financial situation bc from the sound of it you dug yourself into a hole when you bought the truck in 2014.

 

Also something seems not right with the number they gave you for trade in. Drive out (February 2019) for my SLT 2018 brand new was 38k.. msrp was like 54. I think 30 would be a stretch.