Kbb says my trade in is up to 49k. That's 10k higher than a few months ago 😳

 

Many people have had their hearts broken by KBB and the others. They are not very reliable. Dealers use the Manheim report. That lists current auction prices for vehicles. That's the real market value. But it depends upon what you're trying to do. Selling outright retail by yourself, you can probably get close to that KBB price. Trade in would be different since you are negotiating your trade in, and it's always best to negotiate your trade in separate from negotiating a new vehicle purchase. You will be burned if you do both at the same time. Selling to Carmax or others, you're not going to get the KBB price. But it really depends day to day and that is why dealers use the Manheim.

 

As Dodecene points out usually KBB or NADA overinflates what a dealer will give on your trade. But, these days, due to the shortage, that is out the window. People have been getting what they originally paid for their trade-in. The dealers are desperate for used truck stock, their only problem is that they have no new stock so they can get the used trucks.

 

Maybe, maybe not. What I do is ask how much difference, no dealer charges added, nothing. I.E. How much do I write the check for? I then either walk or talk. That is all that matters anyway. All other number can be juggled and jiggled to whatever numbers may or may not make one feel good.

 

Yeah we will see I already got offered 1k over what I paid for it in 2018. And at that time kbb also said aims 39k. Market is nuts right now. I no longer need the truck as I'm not hauling nearly as much as I was pre covid

 

IMO, The vehicle market will follow the real estate market. Reports have already started coming out about the sudden decline in home sales.

Prices will fall as demand for new and used declines. Just give it a few months.

 

I just need the high trade values to stay stable another 30 days so I don't lose money

 

I took delivery of my truck in Sept 2022. A few weeks ago I "built" it again on the Ford web site build-a-truck tool. MSRP is now $5935 higher, or 11% more in only 10 months.

 

time traveler we go here, welcome, man from the future.

 

There goes another time jumper!!! LOL You mean 21?

Look up what your truck is selling for on Autotrader, Cars.com, Carfax, etc. to get a better understanding of possible trade values. From those values, deduct $8K. This is what I found with the 2018 F-150 I had. Average retail was $39K, I got $31K for it in trade. I was offered $33K at another dealer, and while I did not get $33K in trade on the truck I bought, they did drop the price enough to make it close enough.

 

With the rate of inflation 1k over what you paid in 2017 or 2018 for a truck in today's dollars you actually lost money. I know it doesn't FEEL that way but I keep seeing people bragging about trade-ins compared to what they paid new and then other people complaining about the price of used vehicles.
$39k in 3years has lost $7k of its value and you now need $46k in 2022 to purchase what $39k would in 2018. Your $1,000 more is actually worth 18% less than it was just 3 years ago.
The only way you made money is if you traded it in for over $46k.

 

It's a new truck. Very, very new.

 

1913 was a truly evil year for the USA.

 

I would say 1913 was strike 1, 1971 was strike 2 and 2008 was strike 3 for banking in the U.S.