I wasn't there, but if he was wanting to trade in a rig he had purchased just a year ago, clearly he was trying to undo a previous bad decision and trying not to lose his shirt. Unfortunately, that is not the way the world works.
You're seldom going to come out very well on a trade. Like a few years ago after my Dad passed, a dealer offered $19.5 to trade his 18 month old Ford F150 King Ranch with only 5K miles on a new car for my Mom. We passed and sold it private party for $33,300.
I'll never forget what the guy said as we signed the papers - "you don't sell your stuff cheap!" No, but we sold it!
