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Anyone getting big offers for their used trucks?

Posted on 4/17/21 at 5:54 pm
Posted by lsu xman
Member since Oct 2006
16693 posts
Posted on 4/17/21 at 5:54 pm
My buddy got offered 37K for a used 16 Ram. I'm reading quite a bit on other truck forums of guys getting premium offers, sometimes more than what they paid new. Vroom, Carvanq, CarMax, dealerships, etc.
Posted by The Boat
Member since Oct 2008
175759 posts
Posted on 4/17/21 at 5:55 pm to
Posted by Bosethus68
We Call It Dat Boot
Member since May 2011
5292 posts
Posted on 4/17/21 at 5:55 pm to
Guy I was working with said he got offered $32k for a 15 Silverado single wheel 1 ton 4wd with 230k miles.
Posted by SelaTiger
Member since Aug 2016
21239 posts
Posted on 4/17/21 at 5:56 pm to
Truck prices are sky high right now, it’s no surprise they are offering more right now to get people in to buy new ones.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
77748 posts
Posted on 4/17/21 at 5:57 pm to
Same with 4 Runners. Some going for over 7k what they were going for just last year. I’m talking even some 2015 models.
Posted by Flanders
Member since May 2008
9935 posts
Posted on 4/17/21 at 5:57 pm to
Bought my 2020 Tacoma in September last year paid $35k OTD.

Put 7,000 miles on it and just traded it two weeks ago for a 2018 tundra. Dealership gave me $37.5k.

They now have it listed on their lot for $39k.

Posted by Prominentwon
LSU, McNeese St. Fan
Member since Jan 2005
94776 posts
Posted on 4/17/21 at 5:59 pm to
Wait. How does this work and why?

How and why would someone buy a $35k used truck?
What’s the business model here? I’m not grasping it
This post was edited on 4/17/21 at 6:01 pm
Posted by baseballmind1212
Missouri City
Member since Feb 2011
3379 posts
Posted on 4/17/21 at 6:00 pm to
Got offered 37k for my 17' silverado high country. Would have been all in, but I just paid it off. Don't miss notes that much.
Posted by ForeverLSU02
Albany
Member since Jun 2007
52505 posts
Posted on 4/17/21 at 6:01 pm to
quote:

why would someone buy a $35k used truck?
have you seen the prices of new ones?
Posted by Prominentwon
LSU, McNeese St. Fan
Member since Jan 2005
94776 posts
Posted on 4/17/21 at 6:04 pm to
quote:

have you seen the prices of new ones?


I’m looking to spend $32k or so soon on a new GMC. Tag price is $49k. Between rebates, trade-in, and supplier discount, I’m sure it’ll be fine.
Posted by ellishughtiger
70118
Member since Jul 2004
21182 posts
Posted on 4/17/21 at 6:04 pm to
I had to block Toyota of Slidell’s number after daily calls asking me to trade my truck in.
Posted by LSU2001
Cut Off, La.
Member since Nov 2007
2388 posts
Posted on 4/17/21 at 6:05 pm to
Damn, I have a spare 2006 Dodge 2500 4x4 cummins powered. it only has 184,000 miles on it and is in pretty good shape for a truck that old.
Wonder what I could get for it. LOL
Posted by Hamma1122
Member since Sep 2016
21851 posts
Posted on 4/17/21 at 6:08 pm to
Lied to you
Posted by NoSaint
Member since Jun 2011
12452 posts
Posted on 4/17/21 at 6:11 pm to
quote:

I’m looking to spend $32k or so soon on a new GMC. Tag price is $49k. Between rebates, trade-in, and supplier discount, I’m sure it’ll be fine.



Sounds like the trade will be big and the rest maybe not as much
Posted by lsulaker
BR
Member since Jan 2009
1455 posts
Posted on 4/17/21 at 6:14 pm to
Supply and demand. There is a severe shortage of new inventory that started from plant shutdowns last year due to covid and increased due to the chip shortages this year. Dealers will pay anything for used inventory right now. All the cheap trucks have sold from people having big down payments due to stimulus checks. Inventory is getting squeezed on the low end and high end. Book values aren’t keeping up but dealers are ignoring them (which I’ve never seen them do, even in previous quick supply changes due to cash for clunkers or $4 gas).
Posted by NPComb
Member since Jan 2019
27961 posts
Posted on 4/17/21 at 6:16 pm to
You need an expensive truck to reliably carry $20K stacks of 1/2” plywood.
Posted by Allthatfades
Mississippi
Member since Aug 2014
8674 posts
Posted on 4/17/21 at 6:23 pm to
Where are people getting these “offers” at?
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
65100 posts
Posted on 4/17/21 at 6:25 pm to
Went to LeBlanc toyota to get an estimate on new bilsteins and a brakes eval. 2011 tacoma trd offroad with 190k miles. Got offered 18k.

Figured 15 or 16 was its ceiling
This post was edited on 4/17/21 at 6:26 pm
Posted by Wiseguy
Member since Mar 2020
4069 posts
Posted on 4/17/21 at 6:36 pm to
Damn. I may have to go get an appraisal. I could sell my truck and drive a car or suv for a couple years if the price was right.
Posted by sabansucks
Hammond
Member since Feb 2008
226 posts
Posted on 4/17/21 at 6:38 pm to
I purchased my 2016 Silverado 18 months ago for $36k and traded it in 3 months ago. Got $37k trade-in and the dealer sold it a week later for $39k. Crazy times we are living in.
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