how to calculate trade in value on 1 year old truck?
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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...
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.
#4
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...
#5
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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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?