Reply
Go Back   TexasBowhunter.com Community Discussion Forums > Topics > Around the Campfire
 
Thread Tools Display Modes
Old 07-13-2021, 08:03 AM   #1
brandon123
Eight Point
 
Join Date: Oct 2013
Location: Stephenville, TX
Question To sell or not to sell…?

I recently bought a 2019 F250 6.2 crew cab truck and just for grins I looked up the value on KBB and although not completely shocked, I was surprised at the stated value for both trade-in and private party. It got me thinking of whether or not I should just sell and tuck back the equity and wait until this truck shortage BS is over and buy again after the madness ends. If I sell, where is the best place to sell, obviously for the most money? Give me the VIN? Local dealer?

Thoughts? How long will these extreme prices last? What happens next? Anyone in my position and selling?

I appreciate the insight!!
brandon123 is offline   Reply With Quote Back To The Top
Old 07-13-2021, 08:07 AM   #2
Bigdaddy
Ten Point
 
Join Date: Nov 2010
Location: TEXAS
Default

I’m thinking of the same thing. I was thinking of buying a used jeep
Then buying a new truck in 6 months or so

Last edited by Bigdaddy; 07-13-2021 at 08:11 AM. Reason: Spelling of jeep
Bigdaddy is offline   Reply With Quote Back To The Top
Old 07-13-2021, 08:29 AM   #3
bbqfan5909
Ten Point
 
bbqfan5909's Avatar
 
Join Date: Jun 2012
Default

Only way I see this making any sense is selling off and downsizing vehicles. Haven't seen truck prices ever decrease, only seeing it going higher. We pay our vehicles off within 2 years and hold on to them.
bbqfan5909 is offline   Reply With Quote Back To The Top
Old 07-13-2021, 08:29 AM   #4
tfrye
Ten Point
 
tfrye's Avatar
 
Join Date: Mar 2013
Location: North Richland Hills
Hunt In: Jack County
Default

In my experience if you are going to sell it to a dealership to make it easy on yourself CarMax offers the best price hands down. They will print you the offer and you can always take the offer to see if other dealerships can match/beat it. Offer is only good for 24 hours so you would have to move quick. obviously selling it outright would get you the most money but that can be a pain in the...
tfrye is offline   Reply With Quote Back To The Top
Old 07-13-2021, 08:49 AM   #5
WyoBull
Ten Point
 
WyoBull's Avatar
 
Join Date: Nov 2006
Location: Wyoming
Hunt In: Wyoming
Default

Vehicle prices are insanely high right now, both new and used. If you are planning to sell, you may hit a home run there but what are you going to replace it with? Whatever it is will cost you more as well. The only way to win that game today is if you sell your truck and do not have to replace it.
Prices are not coming down any time soon, it is the same with real estate.
Now, on the other hand the prices are all relative and let me explain. We recently traded my wife's Lexus GX460 in on a new F150. They gave us $7500 more for her car than they wanted to a year ago when we looked. Was the truck higher this year as well? Yes but not near the increase as our Lexus.
So, after negotiating the price down on the new truck, I was very pleased with writing the check for the difference between trade value and new truck price.
So, its all relative. I don't care if they put a $100,000 sticker price on the new vehicle as long as my trade value is commensurate.

Sent from my SM-G965U using Tapatalk
WyoBull is offline   Reply With Quote Back To The Top
Old 07-13-2021, 08:51 AM   #6
Fishndude
Pope & Young
 
Fishndude's Avatar
 
Join Date: Oct 2006
Location: Arlington, Texas
Hunt In: Mason, Ellis and Dimmit counties
Default

Chip supplier issue solved. You have about 2 months…is what I was told.
Fishndude is offline   Reply With Quote Back To The Top
Old 07-13-2021, 08:52 AM   #7
BlackHogDown
Ten Point
 
BlackHogDown's Avatar
 
Join Date: Feb 2017
Location: League City
Hunt In: Duval County
Default

Quote:
Originally Posted by tfrye View Post
Offer is only good for 24 hours so you would have to move quick.
7 Days. Good advice. Have a written offer in-hand when discussing with dealerships.

https://www.carmax.com/sell-my-car
BlackHogDown is offline   Reply With Quote Back To The Top
Old 07-13-2021, 09:02 AM   #8
masonred
Six Point
 
masonred's Avatar
 
Join Date: Nov 2014
Location: Lockhart
Default

Texas Auto Trader was suggested here and offered the most $. It takes a few weeks to cross Ts and dot Is I suspect they are busy.
I forgot who suggested it, they need a thanks and I'll look them up.
masonred is offline   Reply With Quote Back To The Top
Old 07-13-2021, 09:11 AM   #9
RiverRat1
Pope & Young
 
RiverRat1's Avatar
 
Join Date: Dec 2007
Location: Leander
Hunt In: San Saba
Default

Quote:
Originally Posted by Fishndude View Post
Chip supplier issue solved. You have about 2 months…is what I was told.
This. It may pan out very well to sell now and buy in a couple of months.

A few big makers didn't stop production and have lots filled with trucks waiting on chips. If the chips all come in the market will be flooded with 2021's right as 2022's are coming out. You could possibly make a killer deal on a 2021 towards the end of the year. Could be a double win.

Not much risk IMO. I doubt prices go any higher.
RiverRat1 is offline   Reply With Quote Back To The Top
Old 07-13-2021, 09:58 AM   #10
Bucknaked
Ten Point
 
Bucknaked's Avatar
 
Join Date: Mar 2021
Location: Hallettsville
Hunt In: Lavaca , Edwards & Gillespie counties
Default

I saw something yesterday about Ford closing their doors… anyone else? If so, I’ll have my 16 f-350 SRW King ranch on the market in a heartbeat.
Bucknaked is offline   Reply With Quote Back To The Top
Old 07-13-2021, 10:40 AM   #11
Russ79
Ten Point
 
Russ79's Avatar
 
Join Date: Oct 2006
Location: Nacogdoches, Tx
Hunt In: Nacogdoches county, San Augustine county, Beaufort county NC
Default

Kept getting emails from the local Ford dealership that I could upgrade my 2019 F250 4x4 with a 6.2 gas to a 2021 F250 4x4 with 7.3 and pay less per month so I went in to test them on this. They told me yes they could but right now can't get any new trucks. Well they appraised my 2019 at $40,000 for the trade in and finally got me a truck in a couple of weeks ago so I pulled the trigger. New truck has heated seated, electric side mirrors that I can extend out remotely or fold flat against the truck, a bigger screen for the backup camera, and I have an app on my phone that I can remote start the truck....and I am paying about $55 less per month on the note.
Russ79 is offline   Reply With Quote Back To The Top
Old 07-13-2021, 01:13 PM   #12
S-3 Ranch
Pope & Young
 
S-3 Ranch's Avatar
 
Join Date: Jan 2017
Location: Sisterdale
Hunt In: Sisterdale and el dorado , Jeff Davis, refugio/sinton , San perlita
Default

I saw this today on a different site
“” The market is crazy right now. For instance. I have a 2020 F350 LWB SRW 6.7 4x4 with 10K miles on it.
I paid 60K for this truck Feb 2020. My son drives it now, I don't go anywhere in cars/trucks anymore.
A man offered him 75K for the truck last week and he was serious.
Sure. You can sell your truck and make a profit but then...you gotta replace it if you really need a truck.
That's gonna cost you WAY more than the profit made from the sale of your present truck. Think about it.””
S-3 Ranch is offline   Reply With Quote Back To The Top
Old 07-13-2021, 01:25 PM   #13
Hunteraudit
Eight Point
 
Hunteraudit's Avatar
 
Join Date: Sep 2018
Location: San Antonio
Hunt In: Texas
Default

It’s a gamble, I’ve thought about it myself. Could sell my low mileage 2018 F150 for dang near what I paid for it according to KBB. If I didn’t need a truck over the next few months I’d probably gamble on it. I don’t imagine any potential increase over that time would be prohibitive.
Hunteraudit is offline   Reply With Quote Back To The Top
Old 07-13-2021, 01:25 PM   #14
JDH875
Eight Point
 
JDH875's Avatar
 
Join Date: Jun 2009
Location: DFW
Hunt In: All over TX
Default

I’ve had Carmax offers beat a couple times. I like having their offer but by no means would I say they give the best offers.
JDH875 is offline   Reply With Quote Back To The Top
Old 07-13-2021, 01:38 PM   #15
duckmanep
Pope & Young
 
duckmanep's Avatar
 
Join Date: Oct 2012
Location: Northeast TX
Default

Quote:
Originally Posted by RiverRat1 View Post
This. It may pan out very well to sell now and buy in a couple of months.

A few big makers didn't stop production and have lots filled with trucks waiting on chips. If the chips all come in the market will be flooded with 2021's right as 2022's are coming out. You could possibly make a killer deal on a 2021 towards the end of the year. Could be a double win.

Not much risk IMO. I doubt prices go any higher.
I've been thinking this all along. Seems like all these people paying big $$ right now are going to be so far upside down on their loans that it will screw up the market for a while.
duckmanep is offline   Reply With Quote Back To The Top
Old 07-13-2021, 02:37 PM   #16
stevieray54
Ten Point
 
stevieray54's Avatar
 
Join Date: Feb 2013
Location: League City
Hunt In: Where ever
Default

You can go on line to Texas Direct Auto, fill out the trade in quote. They offer a hell of a price. The trade in is totally separate from the purchasing part. Texas Direct Auto.
stevieray54 is offline   Reply With Quote Back To The Top
Old 07-13-2021, 02:50 PM   #17
Kenner97
Ten Point
 
Kenner97's Avatar
 
Join Date: Feb 2011
Hunt In: Atascosa, Wilson, Karnes County
Default

Quote:
Originally Posted by S-3 Ranch View Post
I saw this today on a different site
“” The market is crazy right now. For instance. I have a 2020 F350 LWB SRW 6.7 4x4 with 10K miles on it.
I paid 60K for this truck Feb 2020. My son drives it now, I don't go anywhere in cars/trucks anymore.
A man offered him 75K for the truck last week and he was serious.
Sure. You can sell your truck and make a profit but then...you gotta replace it if you really need a truck.
That's gonna cost you WAY more than the profit made from the sale of your present truck. Think about it.””

I saw the other day when looking online a used 2020 2500 Chevy High Country with 30k miles was advertised at $81k and a brand new 2021 High Country was advertised at $70k. So you can buy a new truck for $10k less than a used one. CRAZY
Kenner97 is offline   Reply With Quote Back To The Top
Old 07-13-2021, 03:06 PM   #18
RiverRat1
Pope & Young
 
RiverRat1's Avatar
 
Join Date: Dec 2007
Location: Leander
Hunt In: San Saba
Default

Quote:
Originally Posted by S-3 Ranch View Post
I saw this today on a different site
“” The market is crazy right now. For instance. I have a 2020 F350 LWB SRW 6.7 4x4 with 10K miles on it.
I paid 60K for this truck Feb 2020. My son drives it now, I don't go anywhere in cars/trucks anymore.
A man offered him 75K for the truck last week and he was serious.
Sure. You can sell your truck and make a profit but then...you gotta replace it if you really need a truck.
That's gonna cost you WAY more than the profit made from the sale of your present truck. Think about it.””
Not always. Go to a truck dealer and try to order a truck. Ask for "x" percent off MSRP. You may have to wait 2-4 months to get it but you're making a good deal with todays used truck prices.

If you can't live without a truck you can still order a new one (maybe) and try and lock in a sale price on the used one. It's a little bit of a game but worked for me.
RiverRat1 is offline   Reply With Quote Back To The Top
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 01:31 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2021, vBulletin Solutions Inc.
Copyright 1999-2012, TexasBowhunter.com