Trade in value drop

[GLF5]

12 months ago my 2019 802A Performance Blue truck was worth 64K on trade. 2 months ago it was down to 57K and as of today 52K. Sad because the truck I ordered 14 months ago is expected to be delivered in 3 days leaving me with a tough decision. I just posted the truck on Autotrader but not sure I will be able to move fast enough now.

Any suggestions on where to advertise besides auto trader?

Thanks

 

[GTTXRAP]

The market is the market...has nothing to do with Autotrader. That. is probably a right quote...take it fast. I just took a bath on '20. Thanks to high interest rates and other issues in US nothing you can do.

Good luck.

 

[Bubbasuwannee]

House prices are tanking too…

 

[GCATX]

12 months ago my 2019 802A Performance Blue truck was worth 64K on trade. 2 months ago it was down to 57K and as of today 52K. Sad because the truck I ordered 14 months ago is expected to be delivered in 3 days leaving me with a tough decision. I just posted the truck on Autotrader but not sure I will be able to move fast enough now.

Any suggestions on where to advertise besides auto trader?

Thanks

That's a tough one. I would definitely try and sell it for more than whatever the tax advantage would net if traded. I got crappy trade in values on my '18 and just kept it and sold it after getting the '22. I came out about 3k ahead after everything settled out.

 

[ELmx479]

That’s tough but just work with them the best you can. Used market is returning to pre covid.

I lucked out trading my 19 for $67,000 and getting my 22 price protected at $78,000 ($3000 under window sticker)

 

[GordoJay]

House prices are tanking too…

No shit. Bought a house this summer. Closing on the old on this week. Lost enough to buy an R ... with ADM. With extra ADM. Be happy it's only $10k or so ...

 

[zef2020]

Try Carvana. Sold my 20 Raptor yesterday for $4,300 more than my dealer offered there.

 

[MattR]

I dealt with this last month. I ordered in March. In July I was quoted 55k for my 2018. In October it dropped to 48k. Two weeks before I sold the truck, I got several offers for 45-46. Mid December, I barely got 42k and that was haggling. Virtually no private party interest above 40 and I had multiple places say they wouldn't buy it due to the volatile market.

Carvana offered 34k.

 

[trav7314]

Carvana is hit or miss and based on locality. I was offered less on my Tacoma than the dealer offered and I would miss out on the tax credit but I’m still not entirely comfortable with what they gave me.

I had a Tundra reserved back in November (they aren’t related but I’ll drive Toyotas or Raptors) and they offered $3k more but it still hasn’t hit the lot so who knows what kind of bait and switch would have occurred when I showed up.

CARFAX just informed me that my old Tacoma has been serviced by the dealer I traded into. I am equally scared and curious to see how much they post it for if they don’t auction it off.

 

[Teghogh]

I dealt with this last month. I ordered in March. In July I was quoted 55k for my 2018. In October it dropped to 48k. Two weeks before I sold the truck, I got several offers for 45-46. Mid December, I barely got 42k and that was haggling. Virtually no private party interest above 40 and I had multiple places say they wouldn't buy it due to the volatile market.

Carvana offered 34k.

How many miles on the 2018? I sold mine back in Oct for 63K private party with 30k miles