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Adjusted for inflation my 2016 truck was more expensive than the same 2022 example
Posted on 9/21/22 at 6:25 pm
Posted on 9/21/22 at 6:25 pm
A guy has offered to buy my truck outright. We haven’t talked numbers yet, and I really like my truck, but it could be an opportunity.
As part of my research I adjusted the 2016 MSRP into a 2022 number and was surprised fo see it was significantly more than the window sticker price of the new truck I am interested in. They both have the same options.
Are there any ways to negotiate these days? GMC Sierra
Thanks!
As part of my research I adjusted the 2016 MSRP into a 2022 number and was surprised fo see it was significantly more than the window sticker price of the new truck I am interested in. They both have the same options.
Are there any ways to negotiate these days? GMC Sierra
Thanks!
5
Posted on 9/21/22 at 7:01 pm to weagle99
quote:
As part of my research I adjusted the 2016 MSRP into a 2022 number
Can you give some numbers? What is the MSRP for the same model 2016 truck today?
Posted on 9/21/22 at 7:05 pm to LSU6262
Sticker on the 2022 I am looking at is $64k
The adjusted for inflation 2016 MSRP was around $67k
The adjusted for inflation 2016 MSRP was around $67k
This post was edited on 9/21/22 at 7:06 pm
Posted on 9/21/22 at 7:26 pm to weagle99
quote:
The adjusted for inflation 2016 MSRP was around $67k
Okay. But how are you getting this number? What is the sticker on the same model truck in 2022?
Posted on 9/21/22 at 7:32 pm to LSU6262
I still have the window sticker from my 2016 and punched the 2016 MSRP into the US Inflation Calculator to calculate a 2022 number:
US Inflation Calculator
US Inflation Calculator
This post was edited on 9/21/22 at 7:34 pm
Posted on 9/21/22 at 7:56 pm to weagle99
quote:
I still have the window sticker from my 2016 and punched the 2016 MSRP into the US Inflation Calculator to calculate a 2022 number:
US Inflation Calculator
Gotcha. This is a better calculator to use as it's category specific:
LINK
As far as your question, you would still use the will cover method, if there is a lot of demand for it, there is not a lot of wiggle room. Do your research on the truck and remember the dealer and salesman have to make money.
Posted on 9/21/22 at 8:12 pm to LSU6262
Thanks. That calculator says it is a wash.
Posted on 9/21/22 at 8:39 pm to weagle99
quote:
Adjusted for inflation my 2016 truck was more expensive than the same 2022 example
Well that’s new way to justify overpaying for a new truck. Haven’t seen that one yet. Kudos for the creativeness.
Posted on 9/21/22 at 9:19 pm to weagle99
If you want a new truck then buy a new truck. Don't try to invent some way to justify it as a smart money move.
Posted on 9/22/22 at 5:13 am to weagle99
According to KBB my 2016 Sierra, which I purchased in 2018 with 45,000 miles on it, is worth approximately the same today as the price I paid….4 years and 65,000 miles later. Needless to say, smart me and dumb me have had a few heated discussions about new trucks over the past year or so. 
Those of us who were lucky enough to purchase these trucks at the right time have more or less been given gifts. I’m not sure I would throw that away by buying a new one just because I can.
Also, wouldn’t what you said below indicate that you’re getting a better deal on the 2022 compared to 2016?
Those of us who were lucky enough to purchase these trucks at the right time have more or less been given gifts. I’m not sure I would throw that away by buying a new one just because I can.
Also, wouldn’t what you said below indicate that you’re getting a better deal on the 2022 compared to 2016?
Posted on 9/22/22 at 6:12 am to weagle99
This isn't surprising. I haven't checked the actual data but I always felt that cars were on the lower inflation side.
The bigger issue right now is the actual price you pay now versus the price you paid in 2016. You could get $10k off the sticker without even trying in 2016 on trucks. It is my understanding that right now you won't be getting much off the MSRP. Some are even trying to sell vehicles above sticker with these "adjustments". This has been discussed in other threads but I think these current conditions are temporary and we will return to the previous normal at some point in the future (may be 6 months or 4 years, I am unsure of timing). As it is in their best interest, dealerships are trying to say this is the new normal.
So in summary, although the MSRP may be consistent or slightly below the expected inflated value the actual price paid will be much higher than the expected inflated value.
The bigger issue right now is the actual price you pay now versus the price you paid in 2016. You could get $10k off the sticker without even trying in 2016 on trucks. It is my understanding that right now you won't be getting much off the MSRP. Some are even trying to sell vehicles above sticker with these "adjustments". This has been discussed in other threads but I think these current conditions are temporary and we will return to the previous normal at some point in the future (may be 6 months or 4 years, I am unsure of timing). As it is in their best interest, dealerships are trying to say this is the new normal.
So in summary, although the MSRP may be consistent or slightly below the expected inflated value the actual price paid will be much higher than the expected inflated value.
Posted on 9/22/22 at 6:15 am to weagle99
Mine isn't. Paid 32-33k in 2017. Adjusted for inflation that's about 38k. Trucks like mine are selling for 50k now. The sticker price was irrelevant pre Covid. I paid 10k less than that.
This post was edited on 9/22/22 at 6:16 am
Posted on 9/22/22 at 10:50 pm to fallguy_1978
Buyer is offering about $5k over book for my truck
Posted on 9/23/22 at 8:36 am to weagle99
Once the deal is done, how much would you have to pay for your new truck?
Posted on 9/23/22 at 2:17 pm to weagle99
According to the KBB i am currently sitting on over 100k in cars and trucks
Idk if i believe it.
Idk if i believe it.
Posted on 9/23/22 at 4:05 pm to StonewallJack
Thanks.
Hit the research hard today, don’t think I will be able to build the new truck I want due to parts availability. Tried to make it work but I think the deal is off.
Hit the research hard today, don’t think I will be able to build the new truck I want due to parts availability. Tried to make it work but I think the deal is off.
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