And now we play the waiting game...

So long story short due to current market conditions I decided to trade my f150 for a Tacoma. I reserved a cement TRD Off-road. It’s set to arrive sometime in July.

I can’t decide if I should sell my f150 now or wait and just trade it in. I don’t know if the used car market is expected to correct itself between now and then. I had the dealer email me confirming that they would honor the price we discussed for trade in as long as there are no changes in vehicle condition. Normal wear and tear and mileage are fine.

What would you guys do? Thanks!

 

1st, get the deal in writing
2nd, the deal should be signed by the Sales Manager and you.
3rd, use the F150 for trade
4th, PARK the F150. Its $$$ for your new truck. No sense putting it at risk.

 

List it up private and if you have any offers that beat the dealers trade in offer take it. No market expert but don’t think much will changed with used cars values by July. Good luck! Enjoy the new Tacoma!

 

Yep I have the deal in writing signed by the manager. I also had a lengthy conversation with the sales manager about current market conditions and ways to make sure the trade in value doesn’t change. He confirmed in an email that they will honor their trade in value as long as there are no changes in vehicle condition.

Yeah I plan on just letting it sit until my Tacoma comes in.

 

Print that email and keep it with the copy of the Sales Agreement.

You may need it. Hope you don't need it.

 

In states that allow trade-in tax advantages, you can save as much or more by doing a trade-in while not having to deal with asshole tire kickers and lowballers wasting your time. All depending on the value of the vehicle you're trading in of course.

When I traded in my GT350 for a 4Runner, I paid zero taxes since the GT350 was valued higher than the 4Runner, saving $5000 dollars even though the trade in value was supposedly $5000 less than private party blue book value. Trying to sell a GT350 in Seattle in the middle of winter? Yeah, ain't no way I was getting blue book value in any reasonable time frame and I got to avoid dealing with people just looking to get behind the wheel of a GT350.

That was kind of a special case, obviously, but if it's a newer F150, those can fetch a pretty penny in any market.