What are you doing with your old truck? Trade it or try to sell it yourself?

[jdneally1]

How are most of you handling the trade you have? When ordering so far in advance are you going to try and sell it on your own or work out a trade when your new Raptor comes in? Thanks

 

[ganooch]

On the fence here. I know I can get more $$$ private party for my 2015 Expedition EL Limited. The problem is the time spent and having to deal with people. Wondering if the difference between private party and trade-in is worth my time.

 

[NASSTY]

I usually trade so I pay less on sales tax. For instance....if I get $50K for my trade and the new truck costs $80K I only pay sales tax on $30K.

 

[stoppard stop]

I usually trade so I pay less on sales tax. For instance....if I get $50K for my trade and the new truck costs $80K I only pay sales tax on $30K.

Exactly this. In PA i know that you only pay sales tax on the difference of your trades value and the price of the new car. So for me, im trading in, ill save about 2 grand on taxes

 

[KevoUsmc]

I am also running into this issue. But for me I think I will be trying to sell my 2011 Tundra private party. I was given an estimate on the trade in value and was severely disappointed with how much they wanted for my truck. I went on Vroom and received a next day estimate that was already 3,000 more than the dealership. Even with say a tax difference here also in PA, I believe I will make out better selling myself. I also will shop around to see if I can and get a little more for my truck.

 

[Ragnar]

I plan on attempting to sell it myself. If that’s no bueno then I’ll be forced to trade it.

 

[Raptor R]

My Gen 2 was stolen a few months back. Now that the Gen 3 is officially out and soon to be on the road, Gen 2’s are crashing hard on price.

 

[RPG9]

Gen 2’s are crashing hard on price.

Keep telling yourself that. When most dealerships are charging ADMs and the supply of 21/22 Raptors will be low, the prices will not crash. There are only so many people that can afford an $80k plus truck.

In reference to the original post, Montana has no sales tax on vehicles. So I am going to list mine privately and see what happens. Truck inventory will still be low throughout this year and into next, so dealerships will be looking to snag whatever they can get their hands on—especially if it is a Raptor.

 

[NickyF25]

Keep telling yourself that. When most dealerships are charging ADMs and the supply of 21/22 Raptors will be low, the prices will not crash. There are only so many people that can afford an $80k plus truck.

In reference to the original post, Montana has no sales tax on vehicles. So I am going to list mine privately and see what happens. Truck inventory will still be low throughout this year and into next, so dealerships will be looking to snag whatever they can get their hands on—especially if it is a Raptor.

For the past few months I have been following used 19s and 20s on Autotrader within 300 miles of my area, and have noticed the inventory has been increasing and increasing. Went from 2-3 pages tops to 7 or so now and have seen a good number of trucks on there for a while. My local dealer has 3 on their lot at crazy prices and haven’t moved for 2 months.

 

[RPG9]

For the past few months I have been following used 19s and 20s on Autotrader within 300 miles of my area, and have noticed the inventory has been increasing and increasing. Went from 2-3 pages tops to 7 or so now and have seen a good number of trucks on there for a while. My local dealer has 3 on their lot at crazy prices and haven’t moved for 2 months.

There is a difference in prices crashing and them being overpriced and needing to be adjusted some. Will the price come down a couple grand to sell those vehicles that are not selling? Sure they will, but the bottom is not going to fall out. The Raptor has a strong track record for over a decade. At no point have we ever seen the values just plummet.