Hunting Washington Forum

Equipment & Gear => Power Equipment & RV => Topic started by: Curly on June 03, 2008, 05:54:46 PM

Title: Selling a truck
Post by: Curly on June 03, 2008, 05:54:46 PM: Some of you guys have sold trucks or traded them in recently. Are the dealers willing to give blue book value for trucks these days or are they really not wanting to take trucks? Since gas prices keep climbing, I assume it will get harder to sell trucks.

I'm trying to sell my wife's truck so we can get her a more economical vehicle to drive, but I don't want to have to give it away either. I guess I may have to go ask a dealer what they would give for trade in, but I would feel better going to deal on a vehicle purchase w/ out having a trade to deal with.
Title: Re: Selling a truck
Post by: popeshawnpaul on June 03, 2008, 06:27:39 PM: I got private party blue book on my '02 Beetle when I traded it in for my new diesel GMC...
Title: Re: Selling a truck
Post by: actionshooter on June 03, 2008, 06:36:57 PM: Quote from: popeshawnpaul on June 03, 2008, 06:27:39 PM
I got private party blue book on my '02 Beetle when I traded it in for my new diesel GMC...

Thats the wrong way :chuckle:
I tried to trade my 03 dodge deisel in on a better mileage truck and they lowballed me, the salesman even apologized telling me they wouldn't be able to sell it.
I still have my Dodge
Title: Re: Selling a truck
Post by: hunterbuilder on June 03, 2008, 07:02:54 PM: Speaking from experience and from what I know the dealer is only going to give you for your trade-in what they can "net" from selling it wholesale either to a wholesale dealer or directly to an auction. Unless the vehicle is something they can sell on their lot then they may give you a bit more. If you look at NADA guides this would be around trade-in value. It is very dependent on make, model, and miles. I would say most foreign vehicles and good gas mileage vehicles will get near trade-in value at auction with at or below average mile for the year. Domestic vehicles, poor gas mileage vehicles, and any vehicle with above average miles for the year will get slightly below to considerably below trade-in at auction. NADA guides trade-in and Kelly Blue Book private party are usually about the same. Wholesale auction prices are usually below both since the dealer has to factor in transport, detailing, and auction fees. So, right now, don't expect too much from the dealer in regards to pricing of your trade-in truck. A lot of people are looking to do the same thing as you are. I would say best bet is to aggressively price your truck at or slightly above trade-in value and sell it private party. Then buy your next vehicle without worrying about what your getting for your trade-in. Let me know if I can help out any other way. I do have an "in" with a dealer who buys/sells wholesale through auctions/dealers/etc.
Title: Re: Selling a truck
Post by: jackelope on June 03, 2008, 08:02:31 PM: here's what i know....here goes nothing...
dealers will not use a kelly blue book or nada book value for trade ins....regardless of what they tell you. they will give what cars/trucks are selling for at the auction 98% of the time. manheim auto auction is the most popular. if it is an off brand, like say you are trading in a chev at a dodge dealer, or a high mile truck that they don't want on their lot.....a lot of the time the used car manager will call his wholesaler buddy and ask what they'd be willing to pay for your trade, then offer a little less than that.
last i heard a little talk the other day that trucks were going for about $6k "back of book" or below book value.
it is not a good time to trade a truck in at all. they are anchored to used car lots right now.
used car trade ins and retail sales are where the dealer makes his money in the sales dept. there is very rarely a big money deal made in selling new cars.
Title: Re: Selling a truck
Post by: New England Native on June 03, 2008, 10:16:47 PM: Although I have a friend that is making lots of money from trucks right now. He is a dealer that goes to auctions and whenever a truck comes up everyone turns away not wanting to touch it. So he is almost stealing them, he picks one's that would be an excellent work truck and sells them to contractor's landscapers etc. these people can't just start using a kia to save on gas, they need a truck! :IBCOOL:
Title: Re: Selling a truck
Post by: quacker whacker on June 04, 2008, 03:28:38 AM: I'm in the same boat and haven't even gone to a dealer because i know i'll get low balled.
Title: Re: Selling a truck
Post by: HawkenBob on June 04, 2008, 06:19:55 AM: IMO, after Chevy closed 4 plants yesterday, sell it now cause its going to get worse. Truck market is down 22% since Jan.

8000 dollars trucks are getting about 3000 for trade in on avarage. It really also depends on how much you want to spend.

My bro's girlfriends 2002 Dodge 1500 took a year to sell and they finally traded it in 2 months ago and got 7000 on a new limited Sub Legacy. I suspect if they were buying a 13000 eco box they would have maybe got 5g's.

Look at the Hummer dealer in Fife. The Hummers are stacked so close you can barely open the doors.

Sell now. Or forever keep your truck...

Im keeping my 95 powerstroke. I have a 3000 pound, 2005 camper I have to haul with the boat. Vaca's cost more and I always have at least 3 to split costs.

This shait really blows!
Title: Re: Selling a truck
Post by: Idabooner on June 04, 2008, 07:40:57 AM: My 99 power stroke has low mileage, 80K but it's been used for work in the hills, pulling horse trailers, wood logs etc. It has a few small dings and has been brush rubbed lots so I'm stuck, no way I could get anything on a trade. But that's OK, it runs just as good as a new one.
Title: Re: Selling a truck
Post by: Skyvalhunter on June 04, 2008, 07:49:59 AM: Shawn weren't you suppose to go the other way and get more econimical? Ohh that's right your a lawyer!! :chuckle:
Title: Re: Selling a truck
Post by: Curly on June 04, 2008, 07:58:35 AM: http://hunting-washington.com/smf/index.php/topic,7578.msg84511.html#msg84511

Well, I guess I'll just have to ask a dealer what they would be willing to give for trade-in. Then I'll know what to try to sell it for. I listed it on Craigs list but no nibbles yet. I guess its priced too high. I think it has low miles (69,000) for a 2002.
Title: Re: Selling a truck
Post by: Bscman on June 04, 2008, 08:30:39 AM: A work buddy of mine is selling an '07 Ford F250, ext cab, 4x4, with all the bells and whistles (paid just over $40,000 for it new) for $16,000.

Why? Because the dealership only offered him 11,500 trade in.

Yes, dealers are under-cutting people with full-size trucks for trades.
Title: Re: Selling a truck
Post by: Curly on June 04, 2008, 08:36:57 AM: Quote from: Bscman on June 04, 2008, 08:30:39 AM
A work buddy of mine is selling an '07 Ford F250, ext cab, 4x4, with all the bells and whistles (paid just over $40,000 for it new) for $16,000.

Why? Because the dealership only offered him 11,500 trade in.

Yes, dealers are under-cutting people with full-size trucks for trades.

:yike: :o :o
Title: Re: Selling a truck
Post by: actionshooter on June 04, 2008, 04:49:31 PM: I've decided to keep my Dodge, I'm not gonna get anything for it and its all but paid for. I have to look at it this way,,,,, A lot of deisel can be bought instead of a new car payment. :rolleyes:
Title: Re: Selling a truck
Post by: Webfoot on June 04, 2008, 06:02:20 PM: I tell ya people should be buying up some of these trucks at some super savings.
I think that gas and diesel will eventually come down some.
I also feel that the human nature of us american males is to soon forget what the price of fuel used to be and the truck market will come back and things will normal again.
Just my thoughts.

John
Title: Re: Selling a truck
Post by: jackelope on June 04, 2008, 07:57:29 PM: Quote
Yes, dealers are under-cutting people with full-size trucks for trades.

dealers aren't undercutting anybody. they are doing what they have to do to make a little money. yes they are low-ball offers, but trucks aren't worth anything right now.
yes i work at the dealer. i am not in sales though...don't ever wish to be, but i know how it works.
nobody works for free and nobody is in business to not make money...times are tough in the automotive bizz right now. just ask me, i know :)
Title: Re: Selling a truck
Post by: popeshawnpaul on June 04, 2008, 08:01:24 PM: Well Skyval...I wasn't driving a Beetle. What, do you think I swing that way?

I gave me Xterra to my wife and I got the big truck. I sold it to my wife as economical with the diesel and it will pull our boat. At about 5 dollars a gallon right now I'm starting to think I need to start making my own biodiesel or something. I'm too lazy for that though, so I'll just whine some more about the gas prices. Work pays for most of my fuel so no big deal I guess...