Moderator: This is in no way a disguised ad for a truck.. I have a situation I need help with. I will try to be as general as possible Thanks.I have a guaranteed $10k from a dealer as a trade-in for my truck. That sounds great, but, I'm in WA and he's in CO. Shipping the truck with a reputable company will cost $1800. Yes, that sounds expensive, but going cheaper is very scary according to my research, and, there's a time limit on the offer. I need timely dependable service way more than a cheap rate. My other option of driving it to him would be $600 in fuel plus 5-8 days hotels plus food, plane fare and hassle. I can pass on his offer and try to sell it myself. Then I have the pleasure of dealing with people who don't show, don't have the money, try to bid me down.. etc etc. And, if it doesn't sell and I have to leave it here this winter ( I go south)I then start all over in the spring with a year-older vehicle. There may be a consignment lot nearby.. I don't know what they charge. Given that my net from the dealer is only $8200, it's darn hard for me to imagine my truck not fetching at least that price locally. The blue book is $10-12k, so I'm about right. Yes, I realize that's a very generous offer from the dealer.. let's don't go there. The problem is finding the right buyer, and, I have no idea how long that may take. Just because there's a book dollar value has little to do with this particular location and market base.I live in farm country and I just think this truck would be perfect for that. However, what I think is perfect may just be overpriced and unnecessary to these farmers around here. I've seen many old overloaded pickups hauling hay thru town. I think if I take the dealer's offer then, sure enough, I'll start getting calls on the truck. And that won't be fun.What would you do?

Another thing to consider is that when you trade in a vehicle and buy a new one you get a sales tax break. So for example, say you traded in your truck for $8200 and buy another truck for $30,000, you will only pay sales tax on $21,800 of the new truck purchase price. You might already realize that, but it can be easy to forget. It can also be a significant amount of money in a sales tax heavy state like WA. When I traded in my Tacoma on my F150, I figured out that I effectively was adding another $2,000 to the trade in value they were giving me due to that savings. I figured I might be able to milk a bit more out in a private sale but decided it wasn't worth the aggravation selling it private party.

I agree with the above, I typically trade in, as we get a ST credit based on trade in value. WIth tax rates in the mid to upper 9%, that adds up to some money. Marty

Hi 2oldman,Take the truck to the dealer. Have a nice holiday.You said "trade in" so to me that means you would drive back with a different truck?

rightyouareken wrote: when you trade in a vehicle and buy a new one you get a sales tax break. So for example, say you traded in your truck for $8200 and buy another truck for $30,000,Thanks, I had no idea. So, to come out ahead, I need to sell the truck on my own for $8200 + $656 (tax) or about $8856 or more?

Yes that would be correct, you would have to net the trade in plus local stax. I would also strive for 10% more, just to cover my time in selling the truck! so you would need IMHO about 9800-10K sold on its own. If you are getting 10K in trade, I would say you are ahead of the game!Marty

Trade or sell? SOLD! | Good Sam Community

24 Replies

APT
Explorer
Aug 10, 2013
Glad to hear a solution! Enjoy that new truck!
pianotuna
Nomad III
Aug 09, 2013
Hi 2oldman,

Another time that I am glad to be wrong! Quite a relief to be done with the old truck.
2oldman
Explorer II
Aug 09, 2013
Francesca Knowles wrote:
I can't even figure out how/if the dealer's even seen the old truck, since it's (still?) in Washington..
The dealer made me the offer after viewing pictures online. I bought the truck for cash (in CO) without having driven the truck to him because driving that truck 1200 miles bareback would have been grueling.
2oldman
Explorer II
Aug 09, 2013
Truck is SOLD! Guy just came over and gave me lots of 100s. Sold to a construction company. The price well covers the sales tax hit plus the incredible hassle of shipping or driving it.

It sold from thee "recycler" ads. I think they work in conjunction with Little Nickel. I didn't get a single call from Craigslist in over a week.

Thanks folks for your help.
Grit_dog
Navigator II
Aug 09, 2013
This is very confusing. Plus you just got hosed 9.5% tax in WA if you're on the wet side without even taking advantage of the trade.
Have you tried to sell it locally yet? It takes like 10 min to throw it on craigslist with a couple pictures. Should have had it listed before you flew to CO the first time if you weren't driving it there.
Tell us what kind of truck and miles. If its a diesel in good shape, grampa truck it will brig over book if its 4 wd for sure.
Having it shipped is an option but now you get only 8k net for the truck.
Abou the same if you drive it down and fly back.
Seems your only good option is to sell it. Don't be afraid of listing it on CL. You get some flakes emailing you but it is the most prominent way to sell anything private party these days.
What is it? Heck I might buy it.
Francesca_Knowl
Explorer
Aug 09, 2013
2oldman wrote:
Francesca Knowles wrote:
Do you mean that you already made a deal and you now have both the new truck and the "trade-in", the second of which you're supposed to deliver to the Dealer within the next 12 days?
Yes and no.

I am in possession of both trucks, but, I have the option of "selling" it to him for 10k. I got that option in writing before leaving the dealership - good thing too as he had to be reminded of that contingency.

I just spoke with him about redoing the bill of sale to show my truck as a trade-in. He won't do that.

I'm more lost than ever! Not figuring how both trucks can be in one place, I guess.

I can't even figure out how/if the dealer's even seen the old truck, since it's (still?) in Washington...

But since it is, and it's too late to use it for a trade on the new truck, his ten thousand dollar offer may be a good one, if you can get the truck there. That's assuming that offer firm, not "subject to a bunch of conditions" once it gets there.
2oldman
Explorer II
Aug 09, 2013
APT wrote:
If it doesn't sell for at least $9k within a 10 days, drive it to dealer and suck it up.
I would love to do that, but I have only until Aug 22 to get it to him. He's 1200 miles away. I can't do that in 2 or 3 days driving. Maybe you could!

I also have to figure in the cost of fuel, hotels and a long, long drive.
APT
Explorer
Aug 09, 2013
This is what I would do.

Make a Craig's list ad for $10k to gauge interest. If it doesn't sell for at least $9k within a 10 days, drive it to dealer and suck it up.
2oldman
Explorer II
Aug 09, 2013
Francesca Knowles wrote:
Do you mean that you already made a deal and you now have both the new truck and the "trade-in", the second of which you're supposed to deliver to the Dealer within the next 12 days?
Yes and no.

I am in possession of both trucks, but, I have the option of "selling" it to him for 10k. I got that option in writing before leaving the dealership - good thing too as he had to be reminded of that contingency.

I just spoke with him about redoing the bill of sale to show my truck as a trade-in. He won't do that.
Francesca_Knowl
Explorer
Aug 09, 2013
2oldman wrote:
pianotuna wrote:
You said "trade in" so to me that means you would drive back with a different truck?
I've already driven back with the new truck. It was so tiring driving my truck there, and for various other reasons I did not take it to the dealer myself. Perhaps I should have.

I appreciate the advice. Transporting a vehicle is not exactly stress-free either, especially with what is now a 12-day deadline. I'm afraid I've worked myself into a corner with indecision. ARG!!!

:h

Do you mean that you already made a deal and you now have both the new truck and the "trade-in", the second of which you're supposed to deliver to the Dealer within the next 12 days?

Or is it that the Colorado Dealer has your old truck and you have 12 days to "redeem it"?

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Trade or sell? SOLD!

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