What are you doing with your old truck? Trade it or try to sell it yourself?

[Yoshi]

My Gen 2 was stolen a few months back. Now that the Gen 3 is officially out and soon to be on the road, Gen 2’s are crashing hard on price.

Sold my 18 for 67k with 10k miles to a dealer today, paid 65k, sticker was 71k.

 

[MurderedOutSVT]

I kept my '06 F150 when I got the Raptor. Wasn't worth much for trade and I convinced myself having a spare truck is a good thing....for whatever reason

 

[slv_]

I usually trade so I pay less on sales tax. For instance....if I get $50K for my trade and the new truck costs $80K I only pay sales tax on $30K.

Same in Arkansas. I'm just going back and forth on whether or not to get out of my truck now with the premium they're paying or trade it in when I take delivery of my Raptor. Don't know if the sales tax savings is going to be worth the potential loss in value if inventory picks up.

 

[Stojanowski]

So I had a lightning reserved and was looking to pick up a ranger for the 14 year old but drive it until the new truck comes. Dealer offered me 63k on my 75th anniversary power wagon I picked up in February.

Fast forward I ordered a Raptor and thinking about trying to "sell" to the dealership but see if they can somehow count it as a trade in for the raptor to also get the tax savings. Not sure it will work.

I am also worried about trade values lowering. My salesman says it will be worth more in 4 months...

We have a Bronco on order for my wife so I guess in July/August when it arrives we will do trade in values on both vehicles and see which is more beneficial at the time.

 

[Medic 6]

Exactly this. In PA i know that you only pay sales tax on the difference of your trades value and the price of the new car. So for me, im trading in, ill save about 2 grand on taxes

The one advantage of living in PA.

 

[Prestonjn]

I will keep mine until either it dies or I do.

 

[LPZML]

Sold my 18 for 69750k June 9TH

 

[poofyo101]

Its almost like dealers are paying more than buyers are now with gen 2 raptors.

 

[bpcfi]

Gen 2 crashing in price. No way the gen 1 are still way high. As will the gen 2 for a long time.

 

[Raptor R]

For the past few months I have been following used 19s and 20s on Autotrader within 300 miles of my area, and have noticed the inventory has been increasing and increasing. Went from 2-3 pages tops to 7 or so now and have seen a good number of trucks on there for a while. My local dealer has 3 on their lot at crazy prices and haven’t moved for 2 months.

those Gen 2’s won’t move now at those obnoxious prices. That window has closed now with the Gen 3 out.