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Truck Market
Posted on 8/26/21 at 11:57 am
Posted on 8/26/21 at 11:57 am
I am going to be in the market for a new truck very soon and the truck market right now is just insane. I know I can get a decent amount on a trade in, and used prices are damn near the same as new. I'm curious as to what will happen to prices once this chip shortage is over. Seems to me like everyone will get used to paying these prices so they won't come back down. Thoughts?
9
Posted on 8/26/21 at 11:59 am to jtayl71
Is your current vehicle giving you problems?
Posted on 8/26/21 at 12:02 pm to jtayl71
The only free lunch right now is selling an extra vehicle. The premium you get for your old truck is gladly paid by dealers.
Posted on 8/26/21 at 12:06 pm to jtayl71
This will definitely not be the new normal for used car market. It's up a way too insane amount that simply wont last once new car stock gets normalized again from chip shortage.
If you're looking to buy used and can wait, do it. It sounds like you were looking at slightly used though. if thats the case, then just buy new, because for the most part slightly used ISNT worth it right now as you said those prices are like buying new basically. While new car prices are up, they arent up even close to what used car prices are.
If you're looking to buy used and can wait, do it. It sounds like you were looking at slightly used though. if thats the case, then just buy new, because for the most part slightly used ISNT worth it right now as you said those prices are like buying new basically. While new car prices are up, they arent up even close to what used car prices are.
Posted on 8/26/21 at 12:08 pm to jtayl71
A buddy of mine just traded his in. He had it for 2 years with 60k miles on it. They gave him what he paid for it. 
Posted on 8/26/21 at 12:23 pm to jtayl71
Same here, my 06 Tacoma has insane value right now on KBB. Really considering selling and buying a new Tacoma
Posted on 8/26/21 at 12:28 pm to ItzMe1972
Current isnt giving me problems yet, but its to the point where I am about to start having to put money into it. 170k miles on it, 2013 but it is still in good shape.
Posted on 8/26/21 at 12:36 pm to jtayl71
quote:
I'm curious as to what will happen to prices once this chip shortage is over. Seems to me like everyone will get used to paying these prices so they won't come back down. Thoughts?
Prices will come back down. No one is going to pay MSRP for a F150 or Silverado if they don't have to.
Posted on 8/26/21 at 12:37 pm to boogiewoogie1978
quote:
A buddy of mine just traded his in. He had it for 2 years with 60k miles on it. They gave him what he paid for it.
I traded a 2016 F150 in on a new Tundra, and they gave me $500 more than I paid for it 5.5 years ago. It sat on their lot for 3 days, and they sold it for $2K more than they gave me for it. Insane.
Posted on 8/26/21 at 12:46 pm to kywildcatfanone
quote:
I traded a 2016 F150 in on a new Tundra, and they gave me $500 more than I paid for it 5.5 years ago. It sat on their lot for 3 days, and they sold it for $2K more than they gave me for it. Insane.
Ok this is really crazy.
Posted on 8/26/21 at 2:00 pm to jtayl71
Not a truck, but I sold a fleet managed company Subaru in about 5 weeks. Bought for $14.5. With tax was at $15.5k. First dealer offered $17.2, second $17.6 and third $18.6. It had 2 accidents on it.
Signed the papers and pocketed the $3100. Easiest deal ever.
Signed the papers and pocketed the $3100. Easiest deal ever.
Posted on 8/26/21 at 4:52 pm to jtayl71
Now y’all have me wondering how much I could sell me 2016 F250 XLT diesel with 59 k miles for. I don’t drive it much and I have another truck. Where is the best place to advertise vehicles these days? I hear a lot of people say Facebook marketplace to sell stuff but I don’t do social media.
Posted on 8/26/21 at 4:55 pm to jtayl71
Posted on 8/26/21 at 5:09 pm to Hankg
quote:
Now y’all have me wondering how much I could sell me 2016 F250 XLT diesel with 59 k miles for. I don’t drive it much and I have another truck. Where is the best place to advertise vehicles these days? I hear a lot of people say Facebook marketplace to sell stuff but I don’t do social media.
My car was a 1999 Camry I paid $5,500 for in 2015. I sold it a few weeks ago for $5,000.
Posted on 8/26/21 at 6:29 pm to boogiewoogie1978
I did the same like 4 months ago....
Got a trade in quote on my 2020 Big Horn from the dealer that I bought it from 1 year and 3months ago, it had 30,600 miles on it. They told me they would give me 40k for it, which was ~$5k over what I bought it for, and my payoff was 29.5. Worked up a deal on a nicely loaded 2021 Laramie and my note only went up $70 a month. Also went with the 0% through Chrysler.
Got a trade in quote on my 2020 Big Horn from the dealer that I bought it from 1 year and 3months ago, it had 30,600 miles on it. They told me they would give me 40k for it, which was ~$5k over what I bought it for, and my payoff was 29.5. Worked up a deal on a nicely loaded 2021 Laramie and my note only went up $70 a month. Also went with the 0% through Chrysler.
Posted on 8/28/21 at 9:00 am to I Love Bama
Yall gotta stop comparing 2015 dollars to 2021 dollars...
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