Trade-in Value Question
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Member
Joined: Nov 2003
Posts: 50
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From: New York
Trade-in Value Question
I am buying a 2004 F-150 and offloading a 2000 Ford Ranger XLT.
when I ordered it I tryed to get the best trade-in price,since it only has 30000 miles on it. I thought I went there armed. I had the Kelly Blue Book numbers and the NADA numbers and the edmunds numbers for my truck.
the dealer gave me about 2,000 dollars less and said he goes off the Gaines blue book.
long story short , I had to order the truck, so he tells me I have to initial the option to re-evaluate the trade-in when the truck comes in.
So I am wondering does anyone know where I can find this "Gaines" blue book and purchase it .
when I ordered it I tryed to get the best trade-in price,since it only has 30000 miles on it. I thought I went there armed. I had the Kelly Blue Book numbers and the NADA numbers and the edmunds numbers for my truck.
the dealer gave me about 2,000 dollars less and said he goes off the Gaines blue book.
long story short , I had to order the truck, so he tells me I have to initial the option to re-evaluate the trade-in when the truck comes in.
So I am wondering does anyone know where I can find this "Gaines" blue book and purchase it .
Senior Member
Joined: Mar 2002
Posts: 4,867
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From: NH
First it is fair what the dealer is doing by wanting to reevaluate your truck since anything could happen to it between now and when you take it back to actually trade.
Second, the thing to remember about trade in value is it all depends on what kind of deal you make on the new truck. If you paying close to invoice for the new truck then you will not get what the blue book may state.
It’s all about numbers, if the dealer is looking to make $2,000 on the final sale they either jack the price of the new truck up and give you more for your trade in making you feel better, or the lower the price of the new truck and thus less for your trade in.
Not sure about this "Gaines" blue book but if it is $2,000 less then the Kelly Blue book then simple check the Kelly Blue Book before you actually make the trade and subtract $2,000. This "Gaines" blue book should not change any more then the Kelly Blue Book does as far as “percentage”.
In other words if your trade in is worth 5% less when you finally do it then the value in the "Gaines" blue book should not change more then 5%, otherwise they are just trying to play you…
Second, the thing to remember about trade in value is it all depends on what kind of deal you make on the new truck. If you paying close to invoice for the new truck then you will not get what the blue book may state.
It’s all about numbers, if the dealer is looking to make $2,000 on the final sale they either jack the price of the new truck up and give you more for your trade in making you feel better, or the lower the price of the new truck and thus less for your trade in.
Not sure about this "Gaines" blue book but if it is $2,000 less then the Kelly Blue book then simple check the Kelly Blue Book before you actually make the trade and subtract $2,000. This "Gaines" blue book should not change any more then the Kelly Blue Book does as far as “percentage”.
In other words if your trade in is worth 5% less when you finally do it then the value in the "Gaines" blue book should not change more then 5%, otherwise they are just trying to play you…
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Joined: Jan 2004
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From: Va
Senior Member
Joined: Sep 2003
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I had a 2000 f150 with 106000. I sold it for KBB trade in value because I knew I wouldn't get that for it at trade. You might try this approach. Cash to put down gives you more leverage. It did for me. Good luck..