Trade In Values Insane!

[OnTheReel]

Own the stuff that inflates. All you can do.

[Rackumrack]

7 hours ago, It's Tim said:

Hopefully you're this estatic if you are buying lumber or any other durable good.

Just in 44 years never seen a depreciating asset be worth more than it sold for new. No need for lumber currently with 2x4's being $8 each. As far as durable goods I have plenty of pickles and those things keep forever. 

[Dunn]

On 4/26/2021 at 7:01 AM, winks79 said:

You never come out trading same for same. I'm sorry, no matter the incentives. They make all their money on the used one you trade, not on the new truck. As stated, since truck market is high on used trucks right now, that means to buy a new one it will be high also. When I bought my 2019 Sierra, got 15k off sticker with rebates and incentives before I was out any of my money. Traded a 2018 Sierra identical to the 2019 I bought. Cost me 6k to get a year newer model, and I got a really good deal. Looking at the 2019 Sierra that I currently own and comparing it to a 2021 model, nothing has changed, even the MSRP is the same, but the incentives are not there. Same truck that I bought for 45k 2 years ago with a sticker of 60k, is now 52k after rebates and incentives. They are only coming off price 8-9k at the dealership I buy from, which is also a high volume dealer for GMC, and has from what I have seen the lowest pricing of any GMC or Chevy dealer across the country.

 

No matter the time, you are better off buying a vehicle and driving it several years before selling or buying another. That is just the facts. I hear all these stories about the deals people get and how they traded after 1 or 2 years and got this and that and didn't loose money. Sorry, that is hogwash, if that was the case dealerships would be out of business. They rip you one every time you trade or sell your slightly used vehicle for a new one. Now you can come out better selling yourself, but you are still loosing money. I know, I've given them plenty of my money over the years and will probably do it again, but not right now. IMO now is not the time to be trading or buying. I would wait it out.

 

Just like what was said early, you count all the things you have done to your truck that you are getting rid of and it adds up. Not only did you just give someone all the extras you put on the truck for free, because they don't consider that when buying your truck, but now you will do the same to the new one. So in my case, tint, bed cover, tires, and shocks and a few other things comes out to be around 3k. So add it up. 6k loss on trade minimum, 3k in accessories, then another 3k to put same accessories on new truck. 12k minimum it just cost me to get the same truck I had with 26k less miles. Oh, and that does not count for the sales tax you have to pay again. That makes good sense doesn't it????

i sold my 2020 2500 for a $3500 profit in which i received 8k off MSRP when i bought it,..I never paid sales tax because i financed 100% of the truck....I rented it for 7 months basically .....replaced it with a 21 GMC 1500 for 8k off MSRP.....i did come out lil ahead but granted not same model trucks...and also didnt trade it into a dealership

 

my 2500 was stock... front tint and running boards only ( $280)

 

if it didnt work out like that i wouldnt have done it.....

 

will never happen again in my lifetime

[Dunn]

On 4/27/2021 at 6:53 PM, OnTheReel said:

Anyone try Vroom? Holy crap they are high. Offering me 55k for a 2.5 year old truck that stickered for 61 new and I paid ~53 for.

i did.....i tried about 8 different places and yeah just depends on your area and car.....a year or so ago car max had highest offer but this time carvana did.....give me the vin also was high bidder at one point.... try them all and whoever is highest when its to sell gets it......dealerships were alot lower than all of them for me, and i tried a few even out of state.....about 7k lower

[econometrics]

Vroom offered me $48K on my 2019 Z71 RST last week. 15K miles. Stickered at $54K and I bought it for $43K in March 2019. 

 

Then they emailed me three days later and increased it to $48,900.   

 

As enticing as it is, there's nothing I could turn around and buy that would make the deal worth it right now.  

[Imcrazy]

Was given a rough offer of $44k for my 2020 RST that had a 51k sticker which I paid $40k for 6 months and 11k miles ago. Problem is no deals on the very limited inventory in my area plus unless I upgrade to an LTZ or HC  which is way outta my price range, my truck has everything I want except I’d prefer a different color but, that’s not worth it IMO.  I’d guess this bubble will burst by 22 and I’ll be glad to owe less on my current truck when the next economic down turn rears it’s ugly head. 

[wurgs]

Prices are still insane. I am trading my 2019 Denali for a 2021 AT4 tomorrow. I paid $58400 for it back on Halloween 2019 and they are giving me $58000 for trade. $400 for owning it just under 20 months. Crazy.

[Josef]

2 minutes ago, wurgs said:

Prices are still insane. I am trading my 2019 Denali for a 2021 AT4 tomorrow. I paid $58400 for it back on Halloween 2019 and they are giving me $58000 for trade. $400 for owning it just under 20 months. Crazy.

I have an offer for $52k for a 2020 trailboss that I paid $48 for back in late 2019. Waiting until my 2021 TB arrives before I complete that deal. 

[pokismoki]

whats gonna happen when gm goes full ev truck?

[redwngr]

14 minutes ago, pokismoki said:

whats gonna happen when gm goes full ev truck?

There will be more choices.

 

 

Some of those using them for short distance people haulers will be buyers.

Long distance and remote location users will keep on running IC engines (unless/until the range and recharge time can compete)

 

Those that wanna race light to light-to-light will go electric after they get their IC ones spanked a few times by the electric ones.

[pokismoki]

so you tow a generator on a trailer to power the ev for long haulin?

[nfarch50]

I’m picking up my new AT4 day after tomorrow. Bought a new old stock 2017 Ram 1500 in March of 2019 for $28K. Put 60000 kms on it. Got $26K on trade. I’m up in Canada. I’ve heard that dealers are buying up used vehicles here and shipping them to the US to be sold.

[Dunn]

On 6/10/2021 at 7:28 PM, wurgs said:

Prices are still insane. I am trading my 2019 Denali for a 2021 AT4 tomorrow. I paid $58400 for it back on Halloween 2019 and they are giving me $58000 for trade. $400 for owning it just under 20 months. Crazy.

How much is new AT4?

 

[wurgs]

After GM incentives, about 61500. It came with preferred, technology and driver alert II packages among other things.

[MichLakes]

How are the instant cash offers comparing to the KBB tradein value ?