Buying a used truck

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People are so upside down on vehicles right now because dealers raped them during Covid that it is even harder to trade out of them.

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I'm noticing that. I guess my question is, is used inventory going to dry up because folks wont be able to sell the ones that they're upside down on?

Ultimately, do I buy now or wait a few months? I can make arguments for both ways.

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The used market has been in a downward trend

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Sweet. Appreciate that!

Hearing dealers are sending more trade ins to auction to get ahead of what's coming id what prompted all of this. Might try to ride it out till summer.

Price of new trucks seem to be coming down some but so has the trade in value of my trade.

2024 Silverado’s are advertised at 7k off now. Ford dealers still have a lot of 2023’s and only advertising 5k off wtf?

I think I’m going to wait until the end of the year and see how prices are trending

I just spent 6 months looking for the wife.

We bought a used 2020 highlander.

Prices are definitely falling from 3-4 months ago. Models like the Highlander with a shitload of units out there are better than minivans we looked at where there was a much smaller unit volume.

There is usually a bump in prices around taX season.

I'm not sure where you live but we live outside LC. Searching for vehicles outside the 250 mile range got me away from the Gulf coast. Prices were way less shopping the Dallas and Austin market. Mississippi as well. Thousands off in some cases.

Dealers will deliver for a small fee or will meet you within a certain radius for free. Dealer I just used had a 120 mile free delivery radius.

I've purchased two vehicles from Longview and Palestine Texas for like $250 cash for the drivers. Saved a fortune.

If you have financing already you just have to email the dealer a drivers license and your dealer funding request from the bank and they can do the rest. When you meet them sign the paperwork and bring a certified check from you bank for a down-payment and drive away.

If the price of new trucks goes down (I’m guessing this has something to do with the new Chinese ones) then used cars will go down too as people will start to buy new cars more and less people will buy used cars. I hope this happens.