- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: I paid $40k for my truck last year, it’s now worth $18k
Posted on 1/1/23 at 5:05 pm to bhtigerfan
Posted on 1/1/23 at 5:05 pm to bhtigerfan
quote:
I don’t understand this. How the frick do you get more money for a used vehicle that you bought brand new?
What kind of retard will pay more for a used vehicle than it cost new?
My 2019 Challenger (weekend car) has a trade in kbb value higher than what I paid new. I’ve considered selling but they’re also $15k higher now.
0
Posted on 1/1/23 at 5:11 pm to LSUDad
quote:I only buy toyotas because I hate dealing with service departments.
put over 300k on 3 Toyotas, no repairs, just basic maintenance. That’s what I’m looking for.
Posted on 1/1/23 at 5:12 pm to MarlboroTiger
I paid 48k for my truck 4 years ago its worth 55 now 
Posted on 1/1/23 at 5:16 pm to madamsquirrel
Traded my 2012 ram for a Tacoma in August. I got $10k less on trade than I paid new in 12. No brained for me. Figure I will give Toyota to my boy in 2 years and that should get him through hs and college.
Posted on 1/1/23 at 5:17 pm to MarlboroTiger
quote:
I bought a used Tahoe last year for $40k and have it paid off and was looking to sell it or trade it in. I just looked at the instant offer on KBB and it was just north of $18k. What’re my options? What would you do if you were in my shoes?
I bought a used z71 Tahoe with like 25k miles on it for about $50k 2 years ago. KBB is showing me a current value of 35k which seems about right with the used car market being ridiculous then and since going down and me putting about 20k miles on it since it was purchased. I don’t plan on selling until I actually need a new car (so prob 6 years from now) so not too worried about it
You either put a metric ton of miles on it in a year or you’ve done something wrong on the KBB website. That or you got in a wreck. No other reason you would have lost $22k in value in one year.
This post was edited on 1/1/23 at 5:24 pm
Posted on 1/1/23 at 5:17 pm to GatorPA84
Used vehicle prices were super inflated the last year and a half. The market is coming back to earth now. People that bought during that time are in a world of hurt if they want to trade or sell their vehicle.
I am in the business and turn so many people away because they bought during that time and the negative equity is too much for them to get into a new car.
I am in the business and turn so many people away because they bought during that time and the negative equity is too much for them to get into a new car.
Posted on 1/1/23 at 5:22 pm to LSUDad
quote:
Never buy a Tahoe!!!
Meh, I’m on my third and drove my last 2 to about 200k miles. My wife had one too at one point. We’ve been happy with them
This post was edited on 1/1/23 at 5:25 pm
Posted on 1/1/23 at 5:23 pm to LSUDad
quote:
Never buy a Tahoe!!!
Our Tahoes have been awesome. But we take care of our vehicles.
Posted on 1/1/23 at 5:29 pm to MarlboroTiger
The super inflated used car bubble has busted so anyone that bought in the last couple years is pretty much fricked. So are the banks that financed them
Posted on 1/1/23 at 5:30 pm to go ta hell ole miss
quote:
It’s happening a lot. Car dealerships are going to be hurting for a while
When exactly are these dealerships going to start this hurting?
I've been hearing for six months that the car industry was going to crash and prices would fall off a cliff. Still not close to happening.
Wish it would, but that's not the reality yet.
Posted on 1/1/23 at 5:43 pm to notiger1997
quote:
Still not close to happening.
People will always need cars. It’s not going to happen
Posted on 1/1/23 at 5:45 pm to MarlboroTiger
You bought the vehicle with the worst resale value in the industry at the highest used car prices in history.
Posted on 1/1/23 at 5:57 pm to GatorPA84
quote:Inflation has gone down to below zero! Haven't you heard?!
how is it only worth 18k when you paid 40k last year?
Posted on 1/1/23 at 6:14 pm to MarlboroTiger
Posted on 1/1/23 at 6:20 pm to MarlboroTiger
Drive it until it dies.
Save the note. If you can afford the note, you can afford to save the note.
Need to flip this to productive financial value creation for you.
Save the note. If you can afford the note, you can afford to save the note.
Need to flip this to productive financial value creation for you.
Posted on 1/1/23 at 6:34 pm to jake wade
Completely agree, my 01 was a great truck. Sold it at 280k and it had just started burning oil. Biggest thing I had to replace was the fuel pump.
Posted on 1/1/23 at 6:49 pm to Strannix
quote:
You bought the vehicle with the worst resale value
I guarantee you the Tahoe does not have the worst resale in the industry.
Posted on 1/1/23 at 7:26 pm to BuckyCheese
quote:
I guarantee you the Tahoe does not have the worst resale in the industry
A loaded Tahoe/Suburban new off the lot is pretty much one of the worst, but they know poors will finance them for 7+ years, if you can't pay for a vehicle in 36 months you can't afford it in my opinion.
This post was edited on 1/1/23 at 7:28 pm
Posted on 1/1/23 at 7:33 pm to MarlboroTiger
quote:
I bought a used Tahoe last year for $40k and have it paid off and was looking to sell it or trade it in. I just looked at the instant offer on KBB and it was just north of $18k.
Page 6 of 11
Popular
Back to top
Follow TigerDroppings for LSU Football News