Oil change disaster advice needed

I don't know savings are boundless. Let's not forget that for every month that passes the truck depreciates.

 

but it is depreciating.

 

Depreciation and a 1 year old, 7000 mile Tacoma currently aren't used in the same sentence.

 

new truck at specified date or new motor in existing truck and back on the road - customer is always right - right.

 

This or else you have to buy it through the rental company (if your state allows)..or nothing

 

My point is why would the dealer not agree on the transaction details "now"? If the dealer has agreed in writing that the transaction will be an even swap with no cash from the OP it is a fair deal. 6 months down the road if it is still open for negotiation the environment could be much different causing OP to close the deal with more cash then would be if the agreement was made now.

 

Because every ones an opportunist and they wouldn't want to lock themselves in a situation/deal where they dont come out atleast even or on top.

 

In this market it probably isn’t.

Did OP provide a deadline to the dealer?

At this point given the circumstances I’m not sure it’s helpful. They can’t produce a new vehicle out of thin air. And it doesn’t sound like they’re budging on whether there’s engine damage and a replacement is required.

How would OP enforce a deadline anyway, he doesn’t currently have any leverage.

 

Go back a few pages and see my response (#1149)
Sometimes you have to create your own "leverage".

 

I can’t believe that this thread is still alive with no final agreed resolution.

 

I think I’m going to bail on this one. It was interesting but at this point I just no longer care how it turns out. I do hope the best for the op though but everything that can be said about the situation has been at least 3 or 4 times now so best of luck Rannyhill.

 

Bit of a different story, you had knocking, OP has no actual observed issue beyond us all suspecting the engine now has abnormal wear and will fail early. The lemon law could have applied to you but wouldn’t apply to OP. If he insisted on a more detailed inspection maybe it would be different.

He could go that extreme route (signage) if the current options are exhausted. Always better to pursue diplomacy first, then war. So says Clausewitz.

 

Then the dealer should be rushing to lock up the agreement with an even swap right?

 

Not understanding the logic.

 

There is no rushing in this market. It's obvious that the agreed-upon resolution is that the dealer will take OP's truck on a trade-in for a new truck with an acceptable configuration. All the dealer can do now is watch their allocations and reserve an incoming truck for him. It will eventually happen, but the majority of allocations were already spoken for when the agreement was made. Now it's just a waiting game. The dealer is just out the use of their loaner right now, not really a big deal.

 

if the price on used vehicles is going to continue to climb the dealer would be incentivized to lock up a deal with OP now so they don't have to give him a truck AND cash.

 

Oh I gotcha. My assumption is the value is pretty static but anything is possible. I don’t think there would be enough change in a month to impact the trade.

 

I was just thinking it would be fair, for both sides, to agree on the transaction now rather than later when the climate might favor one over the other.

 

My guess is the dealership is going to use the MSRP that was paid, and take a little off that and maybe charge the difference (if any in the old truck MSRP and the new truck MSRP). I bet the details are pretty ironed out already, but out of respect the OP is keeping the details to themselves.

And for those that suggest doing up the sides of the truck, remember he is in a loaner. This is a good thing. He is paying on the loan for hte new truck right now, while putting miles on someone else's vehicle.

I think the OP is in a good position, but again, I would want something in writing that verifies the dealership is on the hook for this.

 

I started looking for my truck around the end of January/early February. Put a deposit down in March and got my truck last Saturday. But towards the end of April, I was contacted by a dealership who was still trying to buy my old car, but at a lower price than what I had worked out my trade-in for. When I told them the price of my trade, they said to get it in writing because they've already seen the market starting to correct itself and they wouldn't offer me the same amount that I got for my trade.

So, I see no way that used prices will continue to climb. I think they've already plateaued and are coming back down. It would be better for Rannyhill if they had an agreed price at this point, but will likely be better for the dealership if they don't.