Used tow vehicles
Man. I cannot believe what people are asking for their F250-350 7.3 diesel trucks. Anything south of 150k miles are going for $15,000+ That's nuts.
Forum Discussion
jdc1 wrote:miltvill wrote:
The boss said I can have a new truck. I am one of the guys looking at a $78k truck. I want to trade my stock 2008 Chevy 2500 for for a 2020 Chevy 3500 DRW. My truck is 2WD so that may hurt me. But I have only 60K miles on it and have no rust. It looks like I may have to wait until they start building trucks again if I can't find what I want on the dealer lot.
Why would ANYONE trade their vehicle in? They only offer 1/2 of what you can sell if for on the open market. They won't offer you $25k for that truck.
Some of the things I consider when trading in a vehicle are sales tax. In Florida if you get $20k for your vehicle in a trade, the $20k reduces the cost of the new vehicle by $20k. So a $60k vehicle now cost $40K and you pay sales tax on the $40k not the original $60k. So at %7 sales tax my trade would save me $1,400 in sales tax. My $20k trade now is worth $21,400 to me. Sure I could sell my vehicle on my own and pay more sales tax, but then I won't have a vehicle and have to walk. Now I will be under pressure to purchase a new vehicle and will not be able to wait for the best prices. I want to be able to walk away from a deal and drive my old vehicle home.
