Kbb values
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Mountain Pass
Joined: Jan 2017
Posts: 176
Likes: 11
Kbb values
Was at the dealer today talking new trucks. Last time I was there was march and they valued my truck at 38k. Right now it’s valued at 43k. Hard to believe. Thinking of trading in. Anyone else see there value jump up like this?
Laughing Gas
Joined: Jun 2020
Posts: 778
Likes: 14
From: Seattle area, WA USA
Used car supply (not just new Super Duty trucks) is currently very limited - currently under 30 days when they normally aim for 45 to 60 days supply. Dealers are currently desperate for used cars and are willing to pay well.
Senior User
Joined: Dec 2019
Posts: 216
Likes: 1
My trucks been paid off for 3 months said I was waiting till 2022 to upgrade... I might be stopping by the dealer to see what they say tomorrow now. KBB has mine at 38-41k... I just assumed they’d give me 20-25k. If they even gave me 35-37 I’ll be signing papers in a heart beat.
Senior User
Joined: Nov 2019
Posts: 171
Likes: 1
The law of supply and demand will never change. The real question is what is the difference price. If you get $3000 more on your trade due to low supply, of used vehicles but have to pay $3000 more because new car supply is low it costs you the same money. Same thing in the housing market right now, my realtor just told me my house is worth $30k more than it was last year and it’s a great time to sell. Of course he didn’t mention that the same house I was looking to build last year is $30k more.....
Posting Guru
Joined: Feb 2018
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Mountain Pass
Joined: Jan 2017
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That’s why I let them tell me a trade in value before I tell them about my fleet pricing which is about the best deal you can get.
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Posting Guru
Joined: Jun 2018
Posts: 1,366
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From: Frederick, CO
Just make sure you're building the value appropriately. I have not looked at the KBB engine for these trucks, but in lots of cases, the tool allows you to double and triple count things. For example, you might select an F-250 Limited and then there is still an option for Air Conditioning that adds another $378. That's double-counting. There is already an allowance for A/C made in the price of the Limited trim.
People are notorious for doing this. Selecting their trim packages and then selecting every single a la carte option, too. It inflates the price of their vehicle massively.
Again, I'm not sure how much intelligence and logic is built into the KBB tool, so it may already help prevent this. But, just make sure you're using the tool appropriately or you may be surprised at how valuable your truck apparently is.
People are notorious for doing this. Selecting their trim packages and then selecting every single a la carte option, too. It inflates the price of their vehicle massively.
Again, I'm not sure how much intelligence and logic is built into the KBB tool, so it may already help prevent this. But, just make sure you're using the tool appropriately or you may be surprised at how valuable your truck apparently is.
Fleet Mechanic
Joined: Jul 2019
Posts: 1,643
Likes: 688
The law of supply and demand will never change. The real question is what is the difference price. If you get $3000 more on your trade due to low supply, of used vehicles but have to pay $3000 more because new car supply is low it costs you the same money. Same thing in the housing market right now, my realtor just told me my house is worth $30k more than it was last year and it’s a great time to sell. Of course he didn’t mention that the same house I was looking to build last year is $30k more.....
More Turbo
Joined: May 2014
Posts: 643
Likes: 154
From: Poway, CA
The MSRP for my truck was $81,795.
My price was $75,400.
Current KBB trade in is $68,477, and that does not include the High Capacity Trailer Tow Package, a $1100 option. It is not listed as an available package on KBB.
That's only 9% depreciation in 22 months. Historically, I think you could expect 20-30% depreciation in two years.
My price was $75,400.
Current KBB trade in is $68,477, and that does not include the High Capacity Trailer Tow Package, a $1100 option. It is not listed as an available package on KBB.
That's only 9% depreciation in 22 months. Historically, I think you could expect 20-30% depreciation in two years.
Senior User
Joined: Oct 2019
Posts: 407
Likes: 6
I lucked out on this situation!
I had a 2020 GMC 3500 Duramax that I wanted out of, ordered an F350 7.3 in February. Goy a good price locked in with the available rebates in Feb.
Traded the GMC in for $2K less than I paid new and the F350 for a good price.
Blind squirrel and all that!
I had a 2020 GMC 3500 Duramax that I wanted out of, ordered an F350 7.3 in February. Goy a good price locked in with the available rebates in Feb.
Traded the GMC in for $2K less than I paid new and the F350 for a good price.
Blind squirrel and all that!
Cross-Country
Joined: May 2020
Posts: 57
Likes: 6
I just sold a 2016 jeep Wrangler Rubicon for 1500 more than I paid for it brand new. I did have about 7000 into it outside of the purchase price in a lift bumpers wheels and tires. But still, for a four-year-old vehicle I was shocked. And it was A dealer who contacted me and bought it from me
Cargo Master
Joined: Feb 2020
Posts: 2,277
Likes: 949
The law of supply and demand will never change. The real question is what is the difference price. If you get $3000 more on your trade due to low supply, of used vehicles but have to pay $3000 more because new car supply is low it costs you the same money. Same thing in the housing market right now, my realtor just told me my house is worth $30k more than it was last year and it’s a great time to sell. Of course he didn’t mention that the same house I was looking to build last year is $30k more.....
