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how to calculate trade in value on 1 year old truck?

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  #1  
Old 08-02-2011 | 10:58 PM
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Default how to calculate trade in value on 1 year old truck?

just curious what kind of ballpark value to expect when trading in a 1 year old 2010 RAM on a new 2011 RAM?

any ideas of typical percentages based on what the new price was?
 
  #2  
Old 08-02-2011 | 11:28 PM
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If it's too new or not posted yet on nada, they price your vehicle off the previous year model and options and you will take a hit/loss... I've done it.

So if the 2010 ram isn't listed yet, you will get priced at the 09 value or at least they try too...
 

Last edited by jason2922; 08-02-2011 at 11:31 PM.
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Old 08-03-2011 | 01:38 PM
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Simple - bend over, and determine how bad it hurts.............. Then try to equate the pain with dollars.....
 
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Old 08-03-2011 | 01:50 PM
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Originally Posted by WNDERR
Simple - bend over, and determine how bad it hurts.............. Then try to equate the pain with dollars.....

LOL.... Yeah, I just plugged it in to my fancy program that has all kinds of cool features like at what point you should drop comp coverage on a vehicle and such and it came up with "Are you f***ing serious?" LMAO...
 
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Old 08-03-2011 | 08:16 PM
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KBB.com, if you get what they say you are doing VERY good. Of course what you get and what you pay for a new vehicle... Well the numbers will get confusing and you really will not have an idea of what they gave you. If you do not want the headache work a price on the new ride, then say you have thought it over and want to trade so your numbers are truely separate.
 
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Old 08-03-2011 | 11:01 PM
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Go look in the used car lot and see how much they are selling the same Truck as yours for then knock a few bucks off and go from there, unless your a personal friend of the lot owner your gona get screwed but atleast dont let them do you too hard.
 
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Old 08-04-2011 | 11:39 AM
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make sure you say you are not trading a vehicle in, do not mention that or you will be taken for a ride
 
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Old 08-04-2011 | 12:13 PM
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Kbb.com says the trade in for my 11 is more than I owe on it, I've been tempted to get something else if its true.
 
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Old 08-04-2011 | 10:49 PM
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Originally Posted by 2011BlackRam
Kbb.com says the trade in for my 11 is more than I owe on it, I've been tempted to get something else if its true.

I couldn't find "2011" on there, it stopped at 2010 for me



as far as dealers knowing or not that you want to trade in, I was thinking it shouldn't matter to them, because it is easy to figure out the ballpark of what you will pay for a new one, having gone through the process just a year ago, and I know there has been no real inflation in the last year, so I would expect to get a similar price on a new one this year that I paid last year

as far as the depreciation and trade in value, I was hoping there was a basic calculation one could expect to calculate on a truck that is now one year old... would it lose 15% of it's value? 20%? 25%? if I paid $40k for it a year ago, will they give me $30k on a trade in? so if I get a new $40k truck, the extra owing would be $10k - the interest and payments I've made on the first one, which should put me in a situation where I might lose $5k on the deal? does that sound realistic?
 
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Old 08-05-2011 | 07:44 AM
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Maybe it was nada.com I used, I know it was one of the online ones. My sticker was $39k in November last year, it gave me a trade in value of $24750 if I remember correctly.
 


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