Originally Posted by coolreed
Sell your vehicle yourself.
Never, Never, Never Trade.
If you Trade you are giving your vehicle away.
When you are buying a new vehicle with the power of cash buying , you have the power the dealer doesn't. You control the deal not the dealer. You can save thousands. Play dealers against each other, use every trick in the book to get the purchase price down. If you pay sticker for the new vehicle, You are a dumb ass. NEVER Pay Sticker.
If you Trade, the dealer hold ALL the cards. You will pay retail for the new vehicle and the dealer will give you wholesale for your used POS.
Besides, if you Trade it is an affirmation 'You' are a dumb ass.
I,...have been a dumb ass before,..but not in a looooong time.
Don't Be A Dumb Ass.
wow, you really sound like you have thought this out. Let's consider something for just a moment.
1- He trades the vehicle for for $20,500, this means the dealer is going to certify the vehicle and list it for say $23,900 and really sell it for say $23k? So realistically he assume that someone would pay $1,000 less then the dealer so he is at $22,000 for an vehicle with no warranty. so we are at $1500 difference. He then has to pay off his truck and expect the buyer to wait while the bank process' the title. Now if the buyer is financing (which most do) then the buyers bank has to be willing to wait for 2-4wks before the truck can even be registered. Pretty unlikely.
2- He is a dumb ass and trades the vehicle, as you would say. The dealer gives him $20,5000 now he buys a truck for $30,500 so he only pays 6% sales tax on the difference which is $600. Now if he sold the truck privately, then he owes $1803 in sales tax, a whopping $1203 extra in order to make then $1500.
I dont know about you, but less then $300 isnt worth my time or effort to deal with all the BS that comes with selling a vehicle privately especially considering how much you're going to pay to list it etc.
long story short, dont be a dumb ass - trade in the truck.
(I agree if we are considering a 10 year old beater, but not a newer truck that is expensive)