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2013 Trade Value

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Old 08-25-2013, 08:05 AM
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2013 Trade Value

I am trading my 2013 6.2 F350 King Ranch for a new 2014 6.7 and was offered $40,000 for my truck which just tuned over 5,000 miles. The sticker price on the 13 was a little over $55,000.
Kelley Blue Book does not offer a value yet on the 13's so I was wondering what you guys think about the offer from the Dealer
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Old 08-25-2013, 09:12 AM
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A little low to me!
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Old 08-25-2013, 09:43 AM
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Well lets look at the numbers this way. I am looking at 2013 f250/350 trucks right now. The dealers will come down $10 from sticker before any trade negotiations begin. And even with only 5,000 miles on it, your is used.

So you had a MSRP of $55,000 now deduct $10,000 discount and rebates your at $45,000 which would be what the truck would sell for new at this time off of a dealers lot. Deduct $5,000 from that because the truck is used and the dealer has to make a profit from the sale of it off of his used car lot due to over head and commissions.

Not saying that you couldn't work a few more grand in trade value with some dealing, but it is what it is.
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Old 08-25-2013, 09:46 AM
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Quote:
Originally Posted by jonrjen View Post
Well lets look at the numbers this way. I am looking at 2013 f250/350 trucks right now. The dealers will come down $10 from sticker before any trade negotiations begin. And even with only 5,000 miles on it, your is used.

So you had a MSRP of $55,000 now deduct $10,000 discount and rebates your at $45,000 which would be what the truck would sell for new at this time off of a dealers lot. Deduct $5,000 from that because the truck is used and the dealer has to make a profit from the sale of it off of his used car lot due to over head and commissions.

Not saying that you couldn't work a few more grand in trade value with some dealing, but it is what it is.
Thanks for the breakdown on the numbers. Based on you comments, looks like this is about the best I can do.
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Old 08-25-2013, 01:00 PM
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Not sure of your driving or ownership style - but at the numbers quoted - it cost you $3.00 per mile to own that vehicle. At that rate you would be much better to rent or lease a truck - rather than buy.

Now if this is a unique situation - you are just completely unsatisfied with the truck I understand - if you can afford it - one should have what makes them happy.

All of that having been said - the best option for you might be to secure a private buyer on your own - local auto trader or similar auto magazines - if you can stand dealing with craig's list - give them a try. Then do what they call a courtesy trade here in NJ. You locate a buyer - agree on a price - you and your buyer go to the dealer - you turn the truck into the dealer as a trade and your buyer buys it - technically from the dealer. This allows the dealer to help the buyer obtain financing and it saves you the sales tax on the value of the vehicle traded in. You would be able to sell at the retail price as opposed to just getting a wholesale price for a trade-in.

Good luck whatever you do !
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Old 08-25-2013, 08:30 PM
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I went to my dealer and they offered me $35k and mine is a loaded crew cab dually. I would take that 40 grand in trade right now.
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