who has trade in knowldge/expierence??

Who has ever traded in a somewhat new vehicle for a newer one. im looking to possibly trade in my 18' pro for a 20' pro just cuz of the new upgrades. i bought mine and am making payments not leasing. was wondering if anyone has had good or bad expierences with trade ins financially. thanks for the info and help.

 

It never works out in your favor, sell it outright

 

For a pro youre gonna take about a 10k hit if you can swing that sure go for it but not worth it imo

 

Remember which dealership door you came into. Be prepared to walk. Dealership is only looking at what’s best for them. KBB is a good starting point.

 

You will lose money. If you can afford it, then fine. You will not break even. Life is short.

 

Know you can take no less that what you owe. Go to the dealership and negotiate the lowest price for the truck you want as though your not trading in anything maybe go in a different vehicle. Once that’s done, already know what your truck is worth by looking it up on kbb, nada and even car gurus. If this value is higher that what you owe take no less than that for your trade, if the dealer doesn’t want to play get up and walk out.

 

If you can, sell your car separately in private sale, or to CarMax. CarMax will buy your car without any expectation that you'd buy from them in return.

If you trade-in, that gives the sales guy an extra number to manipulate a deceiving final "low monthly payment" or "out the door" number.

Without allowing the sales guy to play with trade-in value, you're negotiating for truly what discount the dealership willing to offer.

 

Go see what a dealer will offer for your trade. Then see what cash offer CarMax will give you. If either of those numbers bring the final price you’d pay down to what you’ll live with then go for it. If not then put the truck on craigslist and see what happens.

 

interesting, thanks for all the help and info.

 

I’ve done it twice in the last year. Great experiences. Just need to negotiate.

 

Yep, CarMax will give a free appraisal good for 7 days. Clean and detail it, change engine oil/filter, air filter and top off other fluids before the appraisal.

 

You’re not going to get any money for doing an oil change and replacing the air filter. The service department will change the oil after trading it in even if you did it 5 minutes before arriving to the dealership to trade it in.

 

Clearly you can afford it. Just do it.

 

You want make a bet? You'll receive a higher appraisal if the auto is clean and well maintained, that's a known fact, the CarMax rep stated they check the vehicle on a lift as well. Btdt.



Dealer could only offer 17000 on the above auto when trading in for a 2019 Camry. Toyota sales person later remarked that was good price CarMax offered, he was a bit perturbed to say the least.

 

I worked for 10 years at an auto group and every car that’s brought in the oil is changed during the UCC. Can you get a few bucks having service records for work you had done? Sure. But just because you changed the oil right before you brought it in, doesn’t mean they will give you an extra cent. The sales department still has to each the cost of a oil change during the UCC. Same goes for a state inspection. You could of take it to get inspected 2 min before bringing it in. They still have to reinspect the vehicle before sale and put a new sticker on it. That may vary state to state obviously as some states have more stringent inspections and policies.

 

You may not make any money per se, but it's a pretty easy way to lose money if you bring it in and it's dirty, you admit that it needs an oil change, etc. Every little thing that they can use to rationalize giving you less money counts. Same thing with a private sale.

 

Changing the oil just helps the car appear well maintained is all, no guarantee but it's cheap to do.
You know this and I'm sure most agree a clean vehicle usually receives a higher appraisal.

 

You get it, I don't think Lawfarin is getting the point?

 

No one at a dealership is looking at the oil. Besides you can change the oil run it 10 min and in some cars it’s going to look like it hasn’t been changed in 1000 miles. The newer lighter weight oils are a little different.

the only time I’ve ever seen anyone concerned looking at oil is on an older car with a potential head gasket concern or a known sludge motor. Most sales managers and salesmen who do appraisals don’t know much about mechanical issues. They simply take for a quick test drive listen for any obvious noises, and drivability concerns. They look at the condition of the tires and the interior and exterior of the vehicle. Obviously appearance is a good indicator of how the vehicle is maintained. But they are just looking it it from a resale value. How much work/time they will have to put into it vs how fast they think they can sell it. As always it’s buy low and sell high. They want to give you as little money as possible. You could of slapped 1k worth of new rubber on the vehicle. They will give you maybe $400-500 if anything at all. Because that’s what it would of costed them to throw on some cheap mastercraft tires or something similar had it needed new tires to pass inspection. In a lot of cases they act like they give you more for the trade, when they are just putting it on the backside of the deal (new vehicle) or in many cases they sneak in some type of warranty or package, or they simply screw you over in finance. A lot of times your qualified at a better rate then what they actually tell you. That way if you don’t like/can’t afford the payment they have room to work. If they sell you the car at a higher interest rate, they get kickbacks from the finance companies. So sure they can make it look like they are giving you an extra couple hundred dollars because you maintain your vehicle. Reality is, in most cases, they are making it up somewhere else.

 

Dude, giving the car a detail before trading is not the same as an oil change. Changing the oil is a complete waste of time and money before a trade or sale to a dealer or Carmax. Washing? That's a good idea. Oil change means nothing. @Lawfarin gets it. You don't.