Trade 2015 for 2016, how much?
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Senior User
Joined: Mar 2016
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From: North Dakota
Trade 2015 for 2016, how much?
With the new 17's out, the dealers are offering some good deals on leftover 16's. What would be a good trade difference on a very good condition,15 F350, 33,000 miles, trading for the same package, just one year newer? Thanks.
Dave
Dave
Lead Driver
Joined: Dec 2013
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See you didn't post what your 2015 has... I know that dealers were willing to let my haggle to $50k for my 2015 in my signature when I got it appraised. It wasn't enough for me to worry about doing anything with it though.
Posting Guru
Joined: Sep 2013
Posts: 1,348
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From: Edmonton, AB
The salesman will thrown you any number you want to hear but it isnt him making the call it's manager making the call. It really depends what they say they will give you for your truck and what the dealer say the price to you on the 16 will be and what the difference is btwn the two and is it something you can live with.
I have to second the opinion of selling it privately, you'd get a hell of a lot more than what the dealer would give you. but it is finding the right buyer and then getting the cash to make it worthwhile to go after a 16.
Logistics Pro
Joined: Jan 2013
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While selling it privately might be a good choice, do overlook that is many states, your trade in value reduces your actual cost therefore you don't pay the sales tax.
Here in Tx, sales tax is 6.25%
'16 F 350 $60,000
-'15 F 350 $50,000
Sales tax = $625 on $10,000 difference
Outright: $60,000 x 6.25% = $3750 or $63750
Take away is you would need to sell your F350 for enough to cover the sales tax bite.
Just sayin...
Here in Tx, sales tax is 6.25%
'16 F 350 $60,000
-'15 F 350 $50,000
Sales tax = $625 on $10,000 difference
Outright: $60,000 x 6.25% = $3750 or $63750
Take away is you would need to sell your F350 for enough to cover the sales tax bite.
Just sayin...
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Logistics Pro
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Then of course you have the hassle of trying to sell on your own, more tire kickers than buyers.
Cargo Master
Joined: Jan 2007
Posts: 1,945
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From: Wasaga Beach, ON
Here in Onterrible Canada it's 13% tax on vehicles, whether you buy a new one or a used one. Tax is on the difference between trade and purchase so you need to sell private for a good number to cover the tax loss on a higher value vehicle.
I would expect the dealer will want to have the purchase difference at the 1st yr depreciation plus some profit. The 1st yr depreciation would be about 10-15% of list price. After 3 yrs the depreciation on a N.Amer vehicle is about 50-55%. Just need to look at lease residual to figure the depreciation.
I would expect the dealer will want to have the purchase difference at the 1st yr depreciation plus some profit. The 1st yr depreciation would be about 10-15% of list price. After 3 yrs the depreciation on a N.Amer vehicle is about 50-55%. Just need to look at lease residual to figure the depreciation.
Lead Driver
Joined: Dec 2013
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Players Steve --- That is "terrible".... 13% sales tax...
Exact to exact truck without knowing the MSRP of both is tough, so I will use mine as an example. MSRP was $70k... With rebates and a discount off MSRP it was $61k in 2014. I can get $50k in trade in for my truck at a local dealer. Leaves an $11k difference, assuming I could get the same price for the 2016 - which I would expect to able to beat, since I bought the 2015 in 2014, before big rebates came out. I would go in with the expectation that I could get within $10k to go from a 2015 to a 2016. However, I have low miles in my 2015...
Exact to exact truck without knowing the MSRP of both is tough, so I will use mine as an example. MSRP was $70k... With rebates and a discount off MSRP it was $61k in 2014. I can get $50k in trade in for my truck at a local dealer. Leaves an $11k difference, assuming I could get the same price for the 2016 - which I would expect to able to beat, since I bought the 2015 in 2014, before big rebates came out. I would go in with the expectation that I could get within $10k to go from a 2015 to a 2016. However, I have low miles in my 2015...
Logistics Pro
Joined: Jan 2013
Posts: 3,778
Likes: 153
Players Steve --- That is "terrible".... 13% sales tax...
Exact to exact truck without knowing the MSRP of both is tough, so I will use mine as an example. MSRP was $70k... With rebates and a discount off MSRP it was $61k in 2014. I can get $50k in trade in for my truck at a local dealer. Leaves an $11k difference, assuming I could get the same price for the 2016 - which I would expect to able to beat, since I bought the 2015 in 2014, before big rebates came out. I would go in with the expectation that I could get within $10k to go from a 2015 to a 2016. However, I have low miles in my 2015...
Exact to exact truck without knowing the MSRP of both is tough, so I will use mine as an example. MSRP was $70k... With rebates and a discount off MSRP it was $61k in 2014. I can get $50k in trade in for my truck at a local dealer. Leaves an $11k difference, assuming I could get the same price for the 2016 - which I would expect to able to beat, since I bought the 2015 in 2014, before big rebates came out. I would go in with the expectation that I could get within $10k to go from a 2015 to a 2016. However, I have low miles in my 2015...
You can go to FORD.com and get an appraisal on your truck. I punched in my truck, '15 F 350, CC, LB, King Ranch, Dually, 15.5K and according to their "Black Book. Its worth between: $47, 455 - $53,430..
Lead Driver
Joined: Jan 2008
Posts: 6,180
Likes: 83
From: Georgia
While selling it privately might be a good choice, do overlook that is many states, your trade in value reduces your actual cost therefore you don't pay the sales tax.
Here in Tx, sales tax is 6.25%
'16 F 350 $60,000
-'15 F 350 $50,000
Sales tax = $625 on $10,000 difference
Outright: $60,000 x 6.25% = $3750 or $63750
Take away is you would need to sell your F350 for enough to cover the sales tax bite.
Just sayin...
Here in Tx, sales tax is 6.25%
'16 F 350 $60,000
-'15 F 350 $50,000
Sales tax = $625 on $10,000 difference
Outright: $60,000 x 6.25% = $3750 or $63750
Take away is you would need to sell your F350 for enough to cover the sales tax bite.
Just sayin...
Post Fiend
Joined: Jun 2014
Posts: 6,801
Likes: 7
From: DFW, TX-GoldCanyon, AZ
I have no idea why you would want to pay out the nose for the depreciation of the 15 to trade it for essentially the same truck (16)... You wouldn't even get braggin' rights for the current model year truck since the 17's are out now...
If I were to trade (which I may), it would be to get the '17 CC-SRW Gasser... Far different truck than what I currently have.
If I were to trade (which I may), it would be to get the '17 CC-SRW Gasser... Far different truck than what I currently have.