Trade in or private sell when getting new truck

[Silveroddo]

Yeah, if its a really dumb low ball I just block them, I.E. I recently sold a snowmobile, I was asking $1800, guy messages me $500. I didn't respond, I just blocked him and moved onto the next guy who I sold it to for $1600. I tend to write a very cut and dry ad that highlights everything there is to highlight, price it accordingly, and the first guy that shows up generally buys it.

 

[go_deep]

Yeah, if its really dumb low ball I just block them, I.E. I recently sold a snowmobile, I was asking $1800, guy messages me $500. I didn't respond, I just blocked him and moved onto the next guy who I sold it to for $1600. I tend to write a very cut and dry ad that highlights everything there is to highlight, price it accordingly, and the first guy that shows up generally buys it.

I don't block them, but i understand the frustration.

Yes, lots of details, try and eliminate any possible questions with real information and pictures if needed. Pretty much makes it, come drive it, and settle on a price.

 

[NRA4LIFE]

You can generally get 3-4 times selling private vs the dealers.

 

[MeatMissile]

Depends also on your state’s tax situation. In some states, you only get taxed on the difference after trade in. If you sold private and used that as a down payment, you’d get taxed on the full price. You’ll have to do the math.

 

[casualshooter]

I would not want to take the hit on value from trading. Also would not want to purchase a new vehicle again due to the immediate depreciation when you drive it off the lot.

 

[repins05]

Based on the value of your truck, I could see you leaving 5k-8k on the table with a dealer. New auto sales seem to be a bit weak locally as well. Leading me to think a trade value will be less.

You could probably sell your truck in a few days if you price it right. Example - if dealer offers you 20k (value of truck is 25k) and you list if for 22.9k it may sell quickly. There are people online that looking constantly to find a good price or “deal”. Over the years, I have missed “deals” with an item or vehicle selling in an hour. Lot of people have time to surf the internet.

With that being said it really comes down to understanding the market and pricing. Just because you see similar trucks listed at 25k doesn’t mean you are going to get 25k. Keep an eye out for trucks that sell and not the ones that sit there for weeks or months.

If you can net an additional 3k etc. = new gun, optics, etc. lol.

However, I also understand that some people are not good at selling or don’t want to deal with it. Since this your post asking the question it seems that you might fall in the category of trying diy.

 

[repins05]

Another option - any local car lots that will consign? Again need to do your due diligence to make sure they are legit. I know a dealer (three hours away unfortunately) that is legit and charges 10 percent to sell. They offer financing and typically get market price for vehicles.

 

[Marble]

I haven't traded a vehicle in to a dealer in probably 15 years. I've made cash and check transactions and it's always worked out well for me. I've saved thousands of dollars. I've had a to travel a couple times, met a bank one time. Been rather pain free.

The price difference between trade-in and private party is substantial.

I've been paying cash for vehicles for quite some time and it's given me the ability to do what I want, when I want, in the time frame of my choosing.

Even my kids have been saving and buying cars with cash. They've never regretted it.

Sent from my SM-S938U using Tapatalk

 

[Ucsdryder]

Based on the value of your truck, I could see you leaving 5k-8k on the table with a dealer. New auto sales seem to be a bit weak locally as well. Leading me to think a trade value will be less.

You could probably sell your truck in a few days if you price it right. Example - if dealer offers you 20k (value of truck is 25k) and you list if for 22.9k it may sell quickly. There are people online that looking constantly to find a good price or “deal”. Over the years, I have missed “deals” with an item or vehicle selling in an hour. Lot of people have time to surf the internet.

With that being said it really comes down to understanding the market and pricing. Just because you see similar trucks listed at 25k doesn’t mean you are going to get 25k. Keep an eye out for trucks that sell and not the ones that sit there for weeks or months.

If you can net an additional 3k etc. = new gun, optics, etc. lol.

However, I also understand that some people are not good at selling or don’t want to deal with it. Since this your post asking the question it seems that you might fall in the category of trying diy.

Assuming the OP is in Idaho, he’d get a tax credit for the trade in difference. Assuming tax is 9% that’s 2k in your example, so he could sell at 20900 and break even with Facebook by trading into a dealer.

Vehicles on fb marketplace will have a retail value that’s less than a dealership for obvious reasons. If a car does 22900 on Facebook marketplace that same vehicle will being 25000 plus at a dealership.

If you want an idea of what your current vehicle is worth, shoot me a DM and I’ll give you a pretty good idea.

 

[ODB]

That worked for me in 2023 when I traded in a cargo van for a new Ford F-150. I had quotes from CarMax well above what the dealer was offering. The dealer started at $20k and we ended up at $26.5k. At or a little above what CarMax quoted.

Does carmax do a thing where they lead you on via their website but only give you a number if you go in and then proceed to hassle you ionce you are on the lot?

 

[Ucsdryder]

Does carmax do a thing where they lead you on via their website but only give you a number if you go in and then proceed to hassle you ionce you are on the lot?

Any dealer is going to give you all the money over the phone. 2 things are going on simultaneously…

1. Consumers think if they hide all issues they’ll get more. “Tires are good” - they’re not, “no cosmetic issues”. - there are.

2. Dealers want to get you in the door. They’ll price your car on its very best day with the hope that they can pick it apart when you’re there. Don’t give them the option. Describe your car correctly and hold firm on their commitment.