Used Truck Prices!

[dannyg2006]

I was thinking about trading my truck in for a '09 model until I checked on blue book and the trade in value was only $14,000! The truck just rolled over 37,000 and still looks brand new. I guess I'll be keeping this one for a long time.

[MS3DALE]

Man Danny...37,000 miles!..That thing don't sit still does it?!?

The mileage isn't helping you either value wise,of course truck values are down no matter what you have,They say mines worth $18,500 trade-in,And I only have 13,000 miles on it,It stickered for $39k,I paid $31,400 for it.

[unit731]

It is quite sad - the value of used trucks.

 

I don't see any answers any time soon.

[Zembonez]

There is a 188 day supply of used trucks at current sales rates according to NADA and that figure is growing. Some dealers here won't take a truck in trade for any price. It's a crazy deal like I've never seen.

 

Great time to buy!

 

Funny thing is... I still see dealers and individuals advertising used trucks for big money. Of course that doesn't mean they are selling them.

[Vortec-Z71]

From the other point of view, if you're in the market for a used truck you can get a really great deal.

[MS3DALE]

Yep,Great time to buy.....Terrible time to sell

[Zembonez]

Good thing we aren't trying to sell huh?

[MS3DALE]

Yep,I'm not trying to sell,I love my VMAX....Although I do see a 2010 with the "Baby" 4.5 Duramax diesel in my future

[Zembonez]

I really like my current truck. Although I normally trade really often, I may just do something unusual and keep it for 4 or 5 years. This one just has that feeling about it.

 

The only other one I ever did that with lives at Wingnut's house now.

[black00chev]

Yep,I'm not trying to sell,I love my VMAX....Although I do see a 2010 with the "Baby" 4.5 Duramax diesel in my future

 

 

I would love to have one of those when they come out...

 

Not that I need it but, who wouldn't want a 500ft/lb half ton?

 

 

I can smell the rubber burning now!!!

[stealthdriver]

hi guys, new here. just traded in my 06 tundra crew with 33k miles and got 19grand for it. kbb said 16.5 grand. i think i did pretty good. add the 5000 rebate and it made the payment on my new gmc really low

[yukondan]

Most owners of Trucks 1 - 3 years old are going to be upside down. The days that a dealer could roll the difference into a new vehicle are no longer as lending institutions have had to tighten lending guidelines to minimize chances of default.

 

Things could change if:

A) US economy turns better

B) US exchange rate against foreign currency gets a lot better

C) in order for "B" to happen the FED needs to raise interest rates

(which will slow the US economy even more)

D) Cost of a barrel of oil drops to about 50% of current price

(Need "B" to happen)

 

There will be a shortage of used vehicles in the market place in 2 - 3 years due to the current drop in NEW auto sales (Both trucks and cars), So there is a excellent chance if you just sit on your current ride that the market vaslus will not change mush in 2 -3 years.

 

Its a buyers market today, if you bought new now you would not loose as much (percentage wise) as someone who bought a year ago.

[Dana_15]

I was thinking about trading my truck in for a '09 model until I checked on blue book and the trade in value was only $14,000! The truck just rolled over 37,000 and still looks brand new. I guess I'll be keeping this one for a long time.

 

 

Worst part is most dealers won't give you Blue Book.

 

Yep,I'm not trying to sell,I love my VMAX....Although I do see a 2010 with the "Baby" 4.5 Duramax diesel in my future

 

Hmmm.......Roughly when my lease is up, I'll take your truck off your hands for you!

[dannyg2006]

Most owners of Trucks 1 - 3 years old are going to be upside down. The days that a dealer could roll the difference into a new vehicle are no longer as lending institutions have had to tighten lending guidelines to minimize chances of default.

 

Things could change if:

A) US economy turns better

B) US exchange rate against foreign currency gets a lot better

C) in order for "B" to happen the FED needs to raise interest rates

(which will slow the US economy even more)

D) Cost of a barrel of oil drops to about 50% of current price

(Need "B" to happen)

 

There will be a shortage of used vehicles in the market place in 2 - 3 years due to the current drop in NEW auto sales (Both trucks and cars), So there is a excellent chance if you just sit on your current ride that the market vaslus will not change mush in 2 -3 years.

 

Its a buyers market today, if you bought new now you would not loose as much (percentage wise) as someone who bought a year ago.

 

 

I agree. I owe less than what the truck's worth but still it's not that great of a deal. So I'm just going to hold onto it for now. I think I did good when I traded my old Dodge Diesel in for this one and got over $16,000 for it's trade in. I think I did it at the right time considering fuel prices. If I only would have bought a car! Naw, I can't go that low.

[Won_Hunglo]

I was thinking about trading my truck in for a '09 model until I checked on blue book and the trade in value was only $14,000! The truck just rolled over 37,000 and still looks brand new. I guess I'll be keeping this one for a long time.

 

KBB is behind on there truck & SUV prices. Take the current KBB & subtract 40%. That is what your truck is worth strait up. If you want more, then pay the trade & finance game. You will get more on paper & pay for it in the T&F game. There is no demand for used trucks & SUVs right now. Dealers are getting hosed at whole sale auctions.