Black book valuation
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From: Maine, Virginia
Black book valuation
I got a letter in the mail yesterday from my dealer offering me 115% of black book value for my 2011 F-150 against any new vehicle purchase.
It's tempting as hell but I'm only at 61K and I'm literally months away from pay off. I can't see dumping a phenomenal truck for another huge long payment. Plus, my bride would kick my tail between my shoulders.
However, I am tempted to get her something new and take over the 2004 Expy as my DD. A high dollar truck ain't happening when I'm so close being debt free, except for the house.
Any comments on black book vs blue book and NADA?
It's tempting as hell but I'm only at 61K and I'm literally months away from pay off. I can't see dumping a phenomenal truck for another huge long payment. Plus, my bride would kick my tail between my shoulders.
However, I am tempted to get her something new and take over the 2004 Expy as my DD. A high dollar truck ain't happening when I'm so close being debt free, except for the house.
Any comments on black book vs blue book and NADA?
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Joined: Aug 2003
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From: Isanti, MN
Interesting Tim. I've never had any experience with black book, other than the fact that this mysterious book is what they use to beat my trade value down with.
There's one way to find out though. Take the truck in and have them show you, then bounce it against KBB.
There's one way to find out though. Take the truck in and have them show you, then bounce it against KBB.
Postmaster
Joined: Jun 2014
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From: Lewisberry, Penn
Nothing wrong with the offer, but they will likely be using the profits normally associated with the new vehicle to cover the difference. It's just marketing, nothing more than any other day of the year. I mean I can probably give away a free Fiesta with a new Lariat if you are willing to pay $10k over sticker, but hey, the Fiesta is free! Today would be a good day to buy a truck though, last day of the month does matter if you find a dealership a few cars short of their goals.
Cargo Master
Joined: Jul 2009
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From: Central Florida
When I worked at a dealer we used Black Book all the time for trade in values. Black Book prices are determined by what vehicles sell for at auction, which is typically a low wholesale value. NADA was what we used to get people loans, those prices were determined by retail sales. It's been awhile since I worked at a dealer so things may have changed.
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From: Maine, Virginia
What little I read about black book tells me that I could negotiate as well on my own or walk. A truck in as pristine condition as mine is a prize on any used car lot and I'll use that line if it comes to it. But it won't. Mama loves her Expy still and she wants to be free of car payments for at least the next 12 months. What a good girl she is. 
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