Sell Or Hold!!??

[CJ Knipper]

Driving a '17 Raptor that I picked up a year ago and just KBB'd her to find out that I could trade in for around $60-63k... am I crazy not to pocket that money and try and get into a new '21 with, potentially, $8k extra in my pocket??

 

[Honeybadger_Zero]

Driving a '17 Raptor that I picked up a year ago and just KBB'd her to find out that I could trade in for around $60-63k... am I crazy not to pocket that money and try and get into a new '21 with, potentially, $8k extra in my pocket??

Not crazy at all. As long as you can find somewhere to order from with options you want and aren’t going to charge a huge adm that eats up those profits. I would find that first. Get your name in on an order and secure that. Then dump the old take the money and run.

 

[melvimbe]

How are you going to get 8k in your pocket? Are you thinking you can find a Gen 3 Raptor for $55k, or some other '21 vehicle for $55k?

 

[DFWRob]

Delete 1 of these threads

 

[CJ Knipper]

How are you going to get 8k in your pocket? Are you thinking you can find a Gen 3 Raptor for $55k, or some other '21 vehicle for $55k?

Sorry I shouldn't have used that phrase like that, I just meant that I bought the '17 for $55k and now I'm going to sell for $63k... not necessarily $8k in my pocket as much as just an extra 'free' $8k for something else.

 

[KevoUsmc]

good luck even finding a dealer to order one this year

 

[Raptor911]

Sell it! used car market is crazy right now. GEN2 prices will drop as soon as GEN3 trucks hit the street.

 

[LPZML]

SELL I sold my 18 for 70k

 

[melvimbe]

Sorry I shouldn't have used that phrase like that, I just meant that I bought the '17 for $55k and now I'm going to sell for $63k... not necessarily $8k in my pocket as much as just an extra 'free' $8k for something else.

Ah, that makes more sense. But you aren't making any money if selling the Raptor means you are going to turn around and buy a vehicle then more than you're selling. Assuming you want a base model Gen 3 with no add ons (probably a bad assumption), you're paying $65k for it if you're lucky. So you're paying $2k + taxes and such, so it's a nice little upgrade maybe. However, I would bet the value of your new base Gen 3 is the same or below what your Gen 2 was. Not much economic gain. The reality is that you aren't getting a base model, you're paying a lot more. You're probably down $20k from the deal at least. And I would bet that trading in a Gen 2 for a Gen 3 next year isn't likely to be that much different in price difference.

Maybe you're getting a more reliable vehicle, because it's new...but the Gen 3 could potentially be buggy, being first year and all. But the reason to do it is because you really want a Gen 3 right now, not because you think there's a big economic advantage right now.

 

[VizTuL]

Not sure that I agree with the above logic, but to each his own. I personally think it's a no-brainer to make the move, especially with the values of the Gen 2 where they are currently. If you can sell now and deal with the wait it makes sense. During my wait, I'm going to build up an 80-series Land Cruiser for fun.