Yep. If you would've traded your truck Screw, your name would have been "Screwed-Me-For-My-05". Keep the truck, dude. It's awesome. - Og

 

Realistically I wasn't expecting $19.5 for it, but I was making the point of why should I pay full retail price for theirs and they give me wholesale value on mine? The offer they gave me was still way too low, even if I took it at $12k, they could sell it all day long at $17k and make more money on it than they do on their new vehicles. They were looking for a steal, and I wasn't giving in.

 

Maybe it was because they are a retail sales outlet, and they will have to sell yours wholesale?


Very doubtful. If it is so easy to sell for $17,000, you should do it!


Yep.

 

1. why would they sell it wholesale? They sell used cars, and all of them are listed at retail, and in some cases even higher.
2. I could sell mine for $17k easily. I owe a little more than that, I was going to roll over some into the new loan. So selling privately isn't the best choice.

 

im not one to bring back old posts often, but i just got an offer at a dealer for $10,000 (and they were wanting $5,000 cash) as if, and thats on trade for an fx4 with 70,000mi (and me with 55k) its times like this that makes me just sit and think about ford, that vehicles worth every penny when you buy it, but not so much when you try to trade it in (yes i fully realize all brands are like this but im just doing a mini rant on the one im expieriencing it with right now)

 

I had the same thing happen to me in August; kbb had my '05 FX4 (19K miles at the time) at $15K for trade-in, and they tried to lowball me at around $8K. whipped out a printout of their website where they had an identical FX4 (2005), bone stock (I have $3500 in the DVD/Nav & linex), with 40K miles, and they were asking $26K for it. I waved the title in the dude's face (paid it off in June) & told him to get bent & laughed my way home. Guy called me for about 3 days solid trying to get me to change my mind until I had a lawyer friend send a C&D (Cease & Desist) letter to the GM. I wound up buying another car there back in October, but they caught all kinds of hell from me; I think in the end, they dropped about $6K off the price of the car I bought.

 

.


Guys, if you think your trucks are worth so much, Sell them yourselves! It's not the Dealerships fault the market is the way it is.

Dealerships have their own problems... 50% of them will probably be closed down over the next couple years... Literally!

 

With the current incentives on the 2008 models, some up to $12,000 in Canada. This has also lowered the wholesale rate on the used vehicles. Wait untill the new year and the incentives are gone. The wholesale rates will rise but your vehicle is also a year older.

 

firstly, i dont think , secondly how exactly would i sell it? im not gonna trust anyone with it to make payments while i hold the title - in which would be worthless if they quit paying and tear the truck all to heck......... and lastly i dont blame the dealers for the economy, i know they have problems by just looking at their "salesmen" 90% of the time, around my parts they almost always put on a "ive been in the buisness forever, i know what im talking about, and you dont" act thats almost sickening at times, when inside my head i heavily debate asking "did you learn all this before or after you quit school?" but anyway ill just keep on keepin on, its not hurting my feelings to hang onto my truck, its just irritating as sin when some nobody backed up by a conglomerate calls it all but junk...

 

It's not hard to sell. The buyer pays you the 20k or whatever, you give them the title and it's a done deal.

The buyer can get Loan themselves for the 20k from a Bank. They may need the VIN number of the truck for the bank, but that's about all.

The buyer's bank can even give them Cash to give to you. They don't care....

You go with the buyer to a bank, notorize the title, and you're on your way...

My buddy paid 32K in cash for a muscle car that I help him pick up. Got the money from his bank on a Home Equity Line of Credit... (of course those loans are a little harder to get these days.. )

 

Because thats WAAAAAAYYYY to easy. especially when it is so easy for folks to claim the dealer is trying to screw them.

 

The used car market for Trucks and SUVs is still saturated at the moment, so the value of our trucks is low, even with low gas prices.

Add to the fact that the dealerships are throwing so many dealer and factory incentives on new Trucks/SUVs, and that only hurts you trading in your truck.

Remember that when they sell a new vehicle, they are getting a lot of factory help with money back, financing, incentives, etc. When they try to sell your used truck in this used car market, they get none of that.

 

Jeez... You guys that think a dealer 'owes' you top dollar if you want to trade in are in a freaking dream world....

Of course they are going to low ball you and get the lowest amount of 'trade in' from you.. What the heck do you expect?? If you want a new vehicle every 3 years, then LEASE the thing... Don't BUY it... If the leasing 'rules' don't fit your lifestyle, then you have to buy and deal with it..... Quit crying about it....

As a rule (IMO), the only time you 'trade in' a vehicle is if it's worth less to you then the dealer is going to give you for it... Pretty simple...

If you have the title on a 3 yr old vehicle and you are wanting to trade it in for yet another new vehicle, then you are an idiot for wanting to trade in the first place or you have the bucks to blow on a new vehicle every 3 years... So deal with it....

When I buy a vehicle, I plan on keeping it for a LONG time.... It's an investment to me in time, not style, but if you want a new one every couple of years, then deal with the cost of that privilege..

If you want a new vehicle, then great! But don't bitch about what they are going to give you for trade on your USED 3 year old vehicle because in reality, it ain't worth **** and those are the rigs I buy and get a TON of use out of and drive them to the ground... Ha, Ha!

Mitch

 

^^ amen

I'll keep this truck for a long time before I get out of college and buy another Ford. Probably a Mustang, we'll see.

 

$26K is way high, but it's better to start high and work down to an agreeable number, than to start low and break even or worst yet lose your *** on the deal. More than likely, the dealer gave the previous owner the higher end of trade value on it, so that means they have to resell it at at least that to break even, but no one's in business to break even, they're in business to turn a profit, so naturally they're gonna go higher than whatever they gave the previous owner.

When you're trading a vehicle in and/or shopping for another one, it's simple, common sense math and economics at work here.