Quote:
Originally Posted by cookinwitdiesel
Wife loved the layout on the OT328BHS, we both love the GD quality and craftsmanship. The only compromise to keep us all happy is to go to a 5er that has the bunkhouse with 1/2 bath made by GD So today I went to 3 dealerships to check out DRWs and get trade-in appraisals on my 2500HD. Looking at a Reflection 311BHS now. Just a small (~$16k loss between truck and trailer) adjustment to our setup.......! I guess that is "taking a bath"
What would you all expect my truck to be worth roughly? 3400 miles, pristine shape. Dealers in the area list 3500s around $60k so I would be surprised if I could get $58k in a private sale - the 2 dealers got up to $56.5k and CarMax offered $56k.
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Your comment that I changed to red is "one half of an unknown equation"... What I mean by that is this: It really doesn't matter what the dealer (or CarMax) offer you for trade. It's also important what they charge you for the new truck. Without knowing the cost to buy the new one, the trade in price is irrelevant. Let's look at it two ways:
They offer you $56.5 for your truck and sell you the new one for $70. Your added cost= $13.5
They offer you $51.5 for your truck and sell you the new one for $65. Your added cost= $13.5
If the CarMax deal is "outright purchase of your vehicle with no purchase of another vehicle" then you're looking at apples but nothing to compare it to.
In many states, trade in value can be deducted on sales tax, other states, you can't do that. So, selling outright may cost money compared to trading for the same value. It's much more complicated than just, "How much is my trade going to bring"....
So, unless "the rest of the "cost burden" is included, just looking at the trade in is similar to solving the equation: X=
Unless you know Y, you can't solve for X......