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Sold my 2020 AT4 back to the dealer for more than I paid.....


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I sold my truck back to the GMC dealer I purchased it from last August.  I put 16k miles on it and received a little over $1k more than I paid including sales tax!  I will order a 2022.

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It's a good time to sell, but you more then likely will be spending a good 5k plus or more for the same equipped truck in 22. Inflation, cash on the hood is now half to 1/3rd of what it was a year ago, and there isn't really any ending in sight for chip shortage, in fact imo it is getting worse as new areas of tech are seeing issues.

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28 minutes ago, BIGDOGx said:

It's a good time to sell, but you more then likely will be spending a good 5k plus or more for the same equipped truck in 22. Inflation, cash on the hood is now half to 1/3rd of what it was a year ago, and there isn't really any ending in sight for chip shortage, in fact imo it is getting worse as new areas of tech are seeing issues.

 

Many a discussion on this including one that I started. Really it becomes a wash. You either lose money on buying the new truck next year or lose money on the sell of the current truck in 3-5 yrs. (compared to what it is now). Once the market starts calming down, used vehicles are going to lose their value at a faster rate. 

Edited by TxSquid78
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1 hour ago, BIGDOGx said:

It's a good time to sell, but you more then likely will be spending a good 5k plus or more for the same equipped truck in 22. Inflation, cash on the hood is now half to 1/3rd of what it was a year ago, and there isn't really any ending in sight for chip shortage, in fact imo it is getting worse as new areas of tech are seeing issues.

You might be right, I'm okay with spending $5k to get a 22 with new interior.  But who know, the market may get saturated when chips become available.  It's a risk worth taking for me.

 

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22 hours ago, 85CJ said:

I sold my truck back to the GMC dealer I purchased it from last August.  I put 16k miles on it and received a little over $1k more than I paid including sales tax!  I will order a 2022.

Not every day a person is happy about being robbed. 😂

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