Used tow vehicles

With the C19 virus floating around. SOme states with stay at home orders. Currently, buying a new vehicle at a dealer is a no deal, at least here in Wa st. Some dealers are bringing new vehicles to your home, IR/UV lit and alcohol wiped down before you test drive from home. They then clean, drive rig back to dealer, you start negotiations on phone, email etc, Do financing etc via email etc. They then deliver the vehicle to you. Dealerships per say, are closed per SAH orders. That is the ONLY way they can operate.
The HOW many of you, myself included, buying and selling vehicles for the next 6 to potentially 18 months or so, is a mute way of doing things. If you can find a new rig, local, buy it. If not, you will have to wait, see if a dealer can make a trade etc. "
Many states also like Fl, Washington is another, with a 10% STax, trading can be in some ways better than private selling. Also GM had a trade in your less than 5 yr old car with less than X miles, they gave you an additional 1000? off or cash down something or other in the last 30-60 days. Many new vehicles, the dealer does not make money per say. SO they want clean low mile trades to sell in house.
In this day and age, up to you if you want unknowns in you residence buying anything due to C19 exposure. This is history, 1920 repeating itself. That corona virus took about 2 years to get thru the population. This might be a bit less due to better medicine and science. THen again......

Marty

miltvill wrote:

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.

Dunno about Florida, but in Missouri if you sell your vehicle you can figure that amount the same as trade-in money and it will reduce your sales tax. If you sell your vehicle for more than what you would have gotten in trade-in, you get more off your sales tax bill. And since you didn't have a trade-in, you'll most likely pay less for the new vehicle. Win Win.

FireGuard wrote:
The 7.3 was a great motor in its day, but you’re now looking at a nearly 20 year old truck and technology.
Compared to today’s trucks the 7.3 is pretty anemic.
I’m sure a new Ram 6.4 or Ford 7.3 gas with the 8 and 10 speed trans would leave the ole stock 7.3 in the dust.
Talking about prices, there is a dealer in the Sacramento area who has clean low mileage older diesel trucks and I’ve seen 7.3s as high as mid $30k.

That is all very true. My dad's new F350 will beat the 2000 F250 that he sold me in every respect except fuel economy. But my 2000 F250 with 167,000 miles is still a pretty decent driver and shows how far trucks have come over the years. When I was a youngster I bought a 20 year old truck- a 1964 Chevy Fleetside. That thing was so ancient and beat up even in 1985 that you could barely trust it to drive around the block. My current truck I could jump in it and drive anywhere in decent comfort. Hopefully my dad's 2019 will still be a nice, drivable truck in 2040. It should be, provided that the computers required to make everything work right are still functioning.

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.

I have owned around 30 vehicles in my life so far. Never traded any of them in to a dealer.

4x4ord wrote:

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.

Instead of trading in my last truck I decided to sell it privately after paying cash for my 2017. The 2016 was in absolutely mint condition with 30k miles on it. It took me 6 months to sell and in the end I got $2500 more than what I could have got trading it in.

Selling privately comes with risks, I got more scam calls than real calls. Many would ask you to provide them with a VIN check from a link they provided. The sites would have a charge, great way for them to get your CC information!

I usually get an itch to trade/sale my truck every three to four years. With this one, every time I get an itch I add another mod. I am so far into it now that I really have no reason to trade it in for a new one because that would be a step backwards for me so I plan on keeping it for at least another five years. So far, mod list is up to around $9k, but at least $3k has been paid back since a few of the mods gained me an additional 2 mpg according to my aCar mileage recording app. The longer I keep it, the more these mods pay for themselves.

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.

Instead of trading in my last truck I decided to sell it privately after paying cash for my 2017. The 2016 was in absolutely mint condition with 30k miles on it. It took me 6 months to sell and in the end I got $2500 more than what I could have got trading it in.

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.

I just traded my 2015 F350 in.. she had 57k miles and I got $41,000.00 trade... Does that mean my 2015 could have sold privately for close to 80k ??

That was $41k LESS TAX I paid on the new truck....

At that price, I was not looking to deal with scammers online, bullish!7 all that stuff..

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.