Should I trade it?

So I wanted to drive an OR 3rd gen and although its not perfect I do really like a lot of the upgrades to it. To only be fair to the dealer I let them run numbers and came back with this offer. Kind of torn as to whether I should keep my lifted 2015 or move into the 2016.

My current truck: 2015 TRD Sport DCLB 4WD with 3'' lift wheels and tires
New truck: 7544, HH, CT, TC, TO, R6, WL, E5 with invoice of $36089 and MSRP of $38438

The offer: $38500 OTD (ttl, etc. etc.) and $30000 for my trade

Thoughts?

 

You already have a nice truck. Keep it and drive the hell out of it. Do you really want to be $8,500 deeper in the hole?

 

That's a pretty big hit; I wouldn't.

 

you mean that's your offer, not that they have accepted it, correct?

How much is tax in your state?

 

That's their offer. It's 7% but I get allowance based on trade value.

 

Which is why I didn't take the offer and drove away, just wondering if it was worth it to move into a 16, the features were really cool, but when you look at the numbers that's a big hit just to have some creature comforts and newest and greatest.

 

tell them to transfer all your goods over and do it!

 

I'm thinking that you are not part of the 1%, like the rest of us, so 8500 is a big hit.

But if you are getting up in age (not sure your age) and you can afford it then go for it.

Also, why not sell your truck private? You'll get more for it than a trade in.

 

Since theres a new generation out, your current one is only bound to drop more in value.

 

I don't stink so.

 

I find it interesting they are willing to basically give you invoice where as so many others get mrsp and dealers won't budge...anywho thanks for clarifying

d'oh just realized my error, if you're trading in the $30k truck then your taxes will be very little so their deal is NOT invoice

 

No dude, by that logic 1st gens should be worth nothing, buddy just bought an 04 for $16k.

 

lmfao


$30k trade eliminates that much in taxes at 7% that's $2100 in savings

 

They will still make a bit over invoice, plus holdback, plus my lifted 15 will sell quick and for more than what they were giving me.

 

I edited my response when I realized the tax credit oversight, which threw off my math

 

Yep, it should be $1000 over give or take.

 

If you're going to spend money customizing the new truck keep that in mind b/c in reality if you're going to spend $3k on lift / wheels / tires for example, and $8500 more to get into the 2016, then you are spending an additional $11,500 to get a 1 year newer vehicle...is it worth it to you

 

Certainly am not, military salary, but am single so that helps. Just had shiny new truck eyes for a bit, but looked back at my truck that I have put time and effort into and just couldn't, plus a $8500 hit didn't settle my stomach either.

 

. Cut him a check and he will

 

Weird coming from you lol.