Trade-in sweet spot
Is there a rule of thumb for when it is considered 'best' to trade in your TT for a new one? A certain age range, percentage paid off. . . etc? We have a 4 1/2 year old unit (bought new) and will be g...
Forum Discussion
MitchF150 wrote:
I traded a 2003 Prowler Lynx TT that I bought brand new back in 2002 for $14k out the door. Used it every year since then and never had any major repairs.. Just the usual little stuff and wear items. It was a great little trailer.
Summer of 2019, we start thinking about a new rig. Truck just got paid off and the TT was paid off a decade earlier..
Find our local RV dealer about 3 miles away had the exact model and floorplan we wanted and worked out a deal.
They offered me $6500 trade in for the Prowler, sight unseen! I was only expecting around $3000.. I would have taken that too! I did NOT wish to go thru the hassle of trying to private sell the thing... Just too many ding-dongs out there!
Anyway, trading worked out well for me. I cleaned up the Prowler and looked **** good for a 16 year old TT and I found out they sold it 1 week later for $9000!! Didn't bother me a bit.. I was just glad all I had to do was clean it up (which I would have had to do anyway) and then just sign the title and them putting $6500 trade in value on the new trailers invoice!
Plus the $5000 additional I put down, made the bottom line and loan amount a great deal for me.
Good luck! Mitch
And on top of that you saved about $650 in sales tax since you only pay tax on the difference in sales vs trade in price.
