tough sales going

[cookiedough]

Been looking at trading in my truck on a new truck.

Been to 2 dealers and dealers are very tight with their money as well as me.  First dealer was 700 off the mark and 2nd one today was 400 off the mark.

Have 2 more to go to next week will see if one budges off their underinflated used vehicle trade in price or overinflated new vehicle price. 

How much does a dealership have to make profit selling on a used vehicle trade in to make them happy and more than plenty profitable??  3K or 2K or more?  I gave them both a chance first off since closer by me, but willing to drive 2 hours elsewhere to save even 500 bucks more into my pocket.  Dealer today sort of irked me though said  over phone 28K trade in price sight unseen might be more though famous last words 'come on in',  but he stood firm on 28K when I got there and all I was asking was 28.4K to make a deal since I am 110% positive he will sell it as is (with new tires costing 500 bucks)  between 31-32K easily asking 34k on their lot pretty sure it will sell in a few weeks tops.

I know they have to insure each used vehicle on their lot costing 100 bucks tops per month (if that) and wash the vehicle is about it adding new tires, but near 3K profit should cover that right, especially since my vehicle with my color is near one of a kind not many used ones to pick from and very high in resale value?

I once went local as I always do giving them first shot, but the last time I drove 120 miles one way to save over 1000 bucks on a vehicle, the original local dealer called me back pissed off one week later being upset I went elsewhere to buy not coming back to them to counteroffer.  I told dealer today will not be coming back if they change their mind call me soon.  Way too many other dealers in the sea to pick from..   

[baldo]

What kind of truck are you selling/buying?

[Gavin_Sons]

What kind of truck are you selling/buying?

Well buying a Tundra of course.   Was not aware there was any other truck out there.

[Patrick]

Its tough to keep the doors open if you're not getting at least 3K.

[Gavin_Sons]

I got 6 k for my trade in and about 3500 off sticker and 1000 rebate. But this is the third vehicle we have bought from them. They knew from the start I didn't really want to buy.

[phideux]

If they are offering you 28K and you are 110% sure it will sell for 31-32K, why not just sell it yourself for 31-32K???

[Serk]

If the old truck is still worth $28k, just curious why the need to trade it in?

Genuinely curious. I've never paid more than $21k for any vehicle, even the time I bought a brand new one, that just blows my mind!

[baldo]

If the old truck is still worth $28k, just curious why the need to trade it in?

Genuinely curious. I've never paid more than $21k for any vehicle, even the time I bought a brand new one, that just blows my mind!

I've never owned a new vehicle. The youngest was 5 yrs old...

I usually spend about $5k and drive em into the ground.....my commute is good for 32K a year....

[Rams]

What kind of truck are you selling/buying?

Well buying a Tundra of course.   Was not aware there was any other truck out there.

I know several folks who own and drive Tundras.   Not a bad little truck for light weight work, use as a grocery getter and running around town............... 

[GiG]

Been looking at trading in my truck on a new truck.

....especially since my vehicle with my color is near one of a kind .....   

Dealers don't want a one of a kind, it is likely to sit on the lot too long.

What is really hurting you right now is timing.
Everyone is turning in their leases now, at year end. There is a glut of used cars on the market. The auto makers are cutting production. It is a buyers market, not a good time to sell.
Take the $28k and run! 

[Wizzard]

i always give the local guy last chance. That's the least I can do for "local"

[baldo]

What kind of truck are you selling/buying?

Well buying a Tundra of course.   Was not aware there was any other truck out there.

I know several folks who own and drive Tundras.   Not a bad little truck for light weight work, use as a grocery getter and running around town............... 

Around these parts, they're popular as a girl's truck....just sayin'....

[Wizzard]

all the girls around here drive bmw's and such.

[Pappy!]

And all the girls around here drive their cell phones and may not even know what kind of vehicle they are driving......

[baldo]

And all the girls around here drive their cell phones and may not even know what kind of vehicle they are driving......

too true.....

[Master Blaster]

Last new vehicle I bought was cash, and I had a very hard time finding a dealer that wanted to deal.  Finally I found the deal I wanted, only problem was it was in Arizona, and I live in Louisiana.  No problem, I hooked up the trailer to the truck and ran out and picked it up.  I absolutely refuse to deal with these idiots that think everyone is stupid, and they can ask what they want.  Its not enough that the sticker is bumped way up, but then they think they can add on a couple of thousand for junk they supposedly put on that no one wants or asks for.

[Jack B]

If you want the best deal sell your truck first and then go to the dealer.

[JimC]

If you want the best deal sell your truck first and then go to the dealer.

OR,
at the very least, negotiate your price on the new car telling them that you do not have a trade. When that price is determined, ask them what they will give you for your trade in.

That way you will get two real numbers, neither of them being inflated to cover the other.

Jim

[Firefighter]

(Well buying a Tundra of course. Was not aware there was any other truck out there.)

I bought a 1996 GMC Z-71 with over 100 thousand miles on it in 2006, still driving it with 300,000 miles, were both getting tired bought still going strong. Except for wear items all original too!

[cookiedough]

Been looking at trading in my truck on a new truck.

....especially since my vehicle with my color is near one of a kind .....  

Dealers don't want a one of a kind, it is likely to sit on the lot too long.

What is really hurting you right now is timing.
Everyone is turning in their leases now, at year end. There is a glut of used cars on the market. The auto makers are cutting production. It is a buyers market, not a good time to sell.
Take the $28k and run!  

Actually is perfect timing to trade in my tundra double cab.  NOT one dealer has a 2014/15 used one on their lot for months and none in my nice color dark blue, hot sellers and not many made new or used, plus resale/trade in is the best.  It is not one of a kind, but rare to have a 3 year old used one on the lot in that very nice dark blue color.  

In near 3 years and 32K miles,  bought for 34.5K can get 28K all day long trade in.  What other vehicle truck or car (not many) can only depreciate 6.5K in 3 years?  That is about 2 grand per year depreciation is all.  

Did not want to bring up GM/Ford/dodge/toyota pissing match thus did not bring up mfg. in original posting.  

I just think near 3K in profit would be enough for any dealer to sell it within 1 month or so and 2nd dealer was 400 bucks short of a deal at 28K trade in since they also did not go down to dealer invoice pricing even yet on the new 2017, but close, not dipping into their $700 or more holdback money and am sure other incentives receiving from Toyota we are not aware of.  

Yes,  good point on selling outright for 31K just posted it already got one interested.  Even if I have to pay 2K in sales tax on new vehicle, that is say 29K trade in better than 28-28.5K a dealer will give me so why not make another 500-1000 bucks on my own?  I thought of that myself just yesterday just private party would want to attempt to go down in price which then would not be beneficial to me and is already near 1.5-2 grand cheaper than what a dealer will sell it to them for still under mfg. warranty.

I use to years ago when my local market was HOT for new chevy silverados everyone drove them nothing else much driven in my area with the GM plant so nearby.  I got the GM employee purchase price in 90s and into 2000's and use to drive one for 6-10 months, trade it in getting such a great trade in and great new truck pricing,  that I would walk away every year out less than 2 grand per model year.  Why not?? That is less than 200 bucks per month per year in payments per say?  You cannot lease a 26-30K vehicle for under 200 bucks per month even back then.  One time, no joke,  the chevy dealer I went back to year after year actually cut a few hundred bucks to me on a trade in deal something unheard of since at that time there were tons of special rebates going on just hit the timing just right to buy a new chevy silverado - those times are long gone though....   It was like driving a new truck for free for 10 months with them giving me some gas money back as well.  

[cookiedough]

If the old truck is still worth $28k, just curious why the need to trade it in?

Genuinely curious. I've never paid more than $21k for any vehicle, even the time I bought a brand new one, that just blows my mind!

good luck finding too many new cars nowadays under 21K.  I wish that was still true...

the average price increase every single year is almost 1 grand give or take being about 3% price increase each and every year on same exact vehicle.    To me, that is insane, pretty soon these new vehicles will be 50 grand can see it in my lifetime for sure.    

[Serk]

If the old truck is still worth $28k, just curious why the need to trade it in?

Genuinely curious. I've never paid more than $21k for any vehicle, even the time I bought a brand new one, that just blows my mind!

good luck finding too many new cars nowadays under 21K.  I wish that was still true...

the average price increase every single year is almost 1 grand give or take being about 3% price increase each and every year on same exact vehicle.    To me, that is insane, pretty soon these new vehicles will be 50 grand can see it in my lifetime for sure.    

Yup... Only had 2 new vehicles in my lifetime, my Valk ($8999 for a in the crate 1998, purchased December 23rd, 2000) and my 2008 Nissan Altima, but it was a special snowflake (It's the high end 275 HP V6 with all the bells and whistles, but has the VERY rare 6 speed manual, sat on the dealer's lot for nearly a year, most people who want the high end ones want automatics evidently. Offered 'em $21,500 for it, they balked, I started walking out, they accepted.

But yeah, those will probably BE the only 2 brand new vehicles I ever buy too, especially the way the prices are going up these days!

Sincerely good luck with your transaction, I hope I'm not coming across as rude, I just don't understand the desire to trade vehicles often, I tend to drive a car for about 10 years before I start even considering a replacement...

(But it's okay that I don't understand, to each their own, etc. etc. etc. )

[cookiedough]

no offense taken Serk,   to each their own, whatever trips our trigger I guess.  Some will buy a new cycle or ATV, etc., others like me never will buy a new cycle/ATV,  to each their own.

I did though once buy a new fishing boat after working my magic for around 7K way back in 1993.  That same boat/engine still made today is now new 13K - OUCH!!!!   

I guess you could say I keep the dealerships in business attempting to buy new every 3-4 years or so?  gotta keep the economy going right??  Trust me,  I do not give my vehicles away either and expect to buy at or very near to dealer invoice pricing for sure.  If the deal does not go the way I want to in terms of pricing,  I just keep looking elsewhere or wait for another time is all, but most dealers want a sale right before month end (or in this case) year end. 

[phideux]

If the old truck is still worth $28k, just curious why the need to trade it in?

Genuinely curious. I've never paid more than $21k for any vehicle, even the time I bought a brand new one, that just blows my mind!

I've never owned a new vehicle. The youngest was 5 yrs old...

I usually spend about $5k and drive em into the ground.....my commute is good for 32K a year....

I'm like you, I've never bought a new vehicle, just don't want to pay $30-$50K for something I'm gonna beat up and abuse. I live 80 miles from work and drive alot. The most expensive vehicle I bought was my Harley, and that was under $10K. Right now I have a 2011 HHR, a 2000 Ranger, a 1975 Harley, a 2006 Harley and my Valk. All told I paid around $26K for all 5 of them, Less than what the OP is looking to trade in a used truck for. I think I am getting more bang for my buck. My HHR is my main driver, I have put almost 90K miles on it since I got it, the only thing it cost me has been oil changes, a set of tires and a set of front brake pads. When it blows up I'll buy another cheap car, I've gotten my moneys worth out of this one, plus it gets almost 40MPG.
I also have a boat, it's a 1971 Starcraft, also low budget. I'll bet I can catch just as much fish and have just as much fun as a guy in a new $50k Bass boat, and have about $47K left over for beer.

[cookiedough]

If the old truck is still worth $28k, just curious why the need to trade it in?

Genuinely curious. I've never paid more than $21k for any vehicle, even the time I bought a brand new one, that just blows my mind!

I've never owned a new vehicle. The youngest was 5 yrs old...

I usually spend about $5k and drive em into the ground.....my commute is good for 32K a year....

I'm like you, I've never bought a new vehicle, just don't want to pay $30-$50K for something I'm gonna beat up and abuse. I live 80 miles from work and drive alot. The most expensive vehicle I bought was my Harley, and that was under $10K. Right now I have a 2011 HHR, a 2000 Ranger, a 1975 Harley, a 2006 Harley and my Valk. All told I paid around $26K for all 5 of them, Less than what the OP is looking to trade in a used truck for. I think I am getting more bang for my buck. My HHR is my main driver, I have put almost 90K miles on it since I got it, the only thing it cost me has been oil changes, a set of tires and a set of front brake pads. When it blows up I'll buy another cheap car, I've gotten my moneys worth out of this one, plus it gets almost 40MPG.
I also have a boat, it's a 1971 Starcraft, also low budget. I'll bet I can catch just as much fish and have just as much fun as a guy in a new $50k Bass boat, and have about $47K left over for beer.

good luck finding a reliable used car now for under 5K nowadays with say under 100K miles. 

I concur about the 3-4K fishing boat able to catch just as much fish as the 50K bass boat with 200-300hp on it.  My rich neighbor just bought the top of the line 30 foot tri-hull pontoon boat with 300hp Mercury on it.  Man,  that engine is wider and taller than me by far has to weigh guessing over 250lbs. am sure.  I guess it takes a lot of ponies to ski behind that tri-toon pontoon boat being 30 feet long I think made by Regency, not sure. 

Speaking of cars,  spent the last 2 1/2 hours undoing my mother in laws spare tire since she had a nail/big screw in the sidewall coming down to our house for Christmas today with her 10+ year old Buick Rendevous SUV having the low tire light come on about 5 miles from our house.  Gotta love Christmas don't you??   She did not feel too comfy driving home in her 10+ year old spare tire that was pretty much flat as a pancake and rusted to beat heck having to several times raise/lower the cable to get it unstuck enough to drop down to even get the spare tire off.  After cleaning the gunk and rust off around the lug nuts and everywhere else, she decided since everything is closed today being Christmas and spitting sleet and rain out now,  to have our daughter drive her back home in our vehicle some 35 miles one way.  I will take the normal sized tire that has a screw stuck in it down tomorrow to my local tire guy in town to see if he can put a patch/plug combo in it for 20 bucks or so since the tires should last her another 1 year until before next winter needing a new set at that time.  Plenty of tread left, but since she never drives much, the sidewalls being about 5 years old now are starting to get very fine hairline cracks in them around the rims, just barely noticeable should be fine for another 1 year of driving on them easily since tons of tread left. 

Question:  How far does the screw stuck in the tire have to be away from the edge to put a plug/patch in to hold air?  I measured and is on the outside flat part still only 1 inch in from the edge of the tread.  I think 1 inch in is just far enough to have a plug/patch lay flat inside since I know last time I had a plug/patch,  my local tire shop in town said it cannot be too close to the edge to make a plug/patch hold/seal well.

So, guess what I am doing tomorrow?  Getting a plug/patch put in hopefully and driving her vehicle back 35 miles to her tomorrow hopefully.  Or,  not able to get the plug done in her tire with screw in it,  put the spare tire on (if it holds air had to pump it up 1 hour ago from 12 psi to 60psi required) then driving the SUV back to her and trying to find a tire shop who might have that same or very similar tire in stock or soon to order and put on.

And here since we spent Christmas with her yesterday at her house we said she really did not need to come down to our house this morning again if she did not want to.  If she would have stayed home today,  the screw in her tire would never have happened since pretty sure it happened on the way down to our house having the low pressure light come on 5 miles from our house.

And you wonder why I totally dislike Christmas?    on top of my garage door opener busted just a few days ago and want to work on that or replace it as well. 

Sure hope things do NOT happen in 3's since my daughter is taking mother in law home now and is spitting sleet/mix of rain and close to freezing temps making bridges and idiots on the road even stupider than they drive normally.