what is a reasonable difference in price to expect if trading in a 2010 ram on a 2011 ram one year later, speaking about equivalent specs in trucks?


in other words, say you purchased a 2010 for $40,000 a year ago financing it through Dodge dealer on a 7 year amort., a year later you want to trade in that 2010 and buy a new 2011 for $40,000, how much more would you be looking at adding on to the $40k financing to make the deal work?

 

I hate to say it, but you are better off to get the truck you really want and then drive it for several years to get the best value for your money. Somehow, I can see you losing 10 grand on this trade; apples for apples.

 

Why would you do that? 2010 is the same as a 2011 isn't it? 7 year amortization means you will have to keep the pickup for at least 3 years before you can break anywhere near even on a trade in.

Try to sell privately.

 

You will lose your ***. But the dealer will love you.

 

3 years is the break even point? ok thanks

for the last decade I always got 2 year leases, so I got used to driving a new truck every 2 years, this is the first one I have bought not on lease

 

I had a 08 chevy that i got in Dec 07 and still owed 12,500 on it with 110,000 miles on it and they would not give me payoff unless I traded on a new truck. They wanted to give me 9,500 for trade in on used. Still took some intense negotiating with the sales manager before they would do it.

 

Unless you have a busines flush with cash, I cannot see the logic in leasing a vehicle. You make a substantial monthly payment, are subject to all sorts of restictions, and at the end of three years have NOTHING to show for it.

 

actually the monthly payments were very close to what I am paying to buy

the big advantage is every 2 years being able to take back the truck and get a brand new one, with new tires and brakes etc...... I would gladly get back into those lease deals again if Dodge was offering them still

another advantage of leasing is that you are better off with fully loaded laramie type trucks because that is factored into residual value so the actual monthly lease to drive the fully loaded vehicle is quite close to the same

 

My previous truck was a Ford F150. I made brutal payments ($800/mo) for about 30 months. After that, the truck was mine. It went a good 10 years before things started to fail.
After 14 years, I sold it and bought a new Ram Sport which should be mine in another 2 years. I figure it should last at least as long as the Ford.