Do truck dealers accept trade ins like regular car dealers?

Discussion in 'Trucker Taxes and Truck Financing' started by elamigowapo, Jul 8, 2019.

  1. elamigowapo

    elamigowapo Light Load Member

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    Somewhere in the future I’d like to buy a tractor. I currently have a 2017 Silverado which I make payments on. I was curious if I could trade it in to reduce my debt when I decide to purchase a tractor. Just a simple yes or no question, Tia.
     
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  3. x1Heavy

    x1Heavy Road Train Member

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    Dealers who take trade generally sends to the Auction House in the region and gets what he can out of it.

    You will not get a Dealer to buy anything that which there is no money in it. Your first idea is to decide from a time spent researching a cost of whatever it is be a egg or a truck or a ship etc. Then you will know roughly where the Dealer will stand minus about 30 or more % to make room for markup back to the price range people think it's worth.

    You follow me? It's really hard to explain in english what a Dealer wants. He will not spend a coin for a car that wont make him money to be happy. I drive a 96 tahoe, #### thing takes money. But... it is fixed one time for whatever is sick and unlike most cars today bound by computer and plastic, there is a chance that truck will still be rolling. Just needs a little TLC and some money now and then. It's really easy to fix.

    By comparison the electronics board that decides what my 2006 car's v6 computer engine breathes or not finally burned up. We paid 1300 to replace it. Because that car is irreplacable financially. As long the 300 dollar Cores in the ignition on each of the 6 cylinders hold up we will run it. But we love on it, clean it and try hard to keep an eye on it. It's getting tired in the transmission as I type this. But we will fix it. It's going to be either the fluid accumulater (2000 dollars) or the pressure plate which will be almost as much. We think in 6 months it's time.

    To keep a vehicle or not to keep a vehicle. You have to decide if you love it. And if it works for you well. Throw a ice box into the back of my older vehicle and take it to our mothers 50 miles away is easy. Rather than be beholding to the you haul man who will shyster rent us a bunch of money for a truck to do that job. And so my old truck earns it's keep. I make no excuses for the rust. There is still american steel under there.

    IF... listen to the next sentance... YOU are selling or disposing this or anything for a VANITY to think that you will gain the envy or jealousy of those you think are looking down on you? Or possibly keeping up with the Joneses?

    Hold on to your vehicle. Don't try to chase a vanity, you will only spin money.

    You follow me? Think carefully. Askyourself why. Then you will know why. And that will be your answer one or the other.

    The Dealers will wait. As they always have. They know how to wait. And prey on those who seek vanity.
     
  4. dclerici1

    dclerici1 Medium Load Member

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    So, was that a “yes” or a “no”?
     
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  5. FlaSwampRat

    FlaSwampRat Road Train Member

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    Yes. They should. They have what is called the nada black book that gives wholesale auction pricing so they have an idea what they can get for it. The dealer I worked at for a while had taken motorcycles, boats, and cars from time to time.
     
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  6. 201

    201 Road Train Member

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    Sell it outright. Highly sought after today, a truck dealer won't give you squat.
     
  7. GypsyWanderlust

    GypsyWanderlust Medium Load Member

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    In short the answer is probably yes. Due to the dealer wanting to quickly unload your trade at wholesale you won’t get anything close to blue book unless you are paying more elsewhere in the deal.

    If you really want to reduce your debt and you don’t need the vehicle, sell it yourself.

    Lastly, talk to your local bank or credit union about where you need to be to purchase what you want.
     
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  8. Ridgeline

    Ridgeline Road Train Member

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    No they don't. They don't have the ability to wholesale it and if you owe money on it, it is a hassle to deal with it.
     
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  9. x1Heavy

    x1Heavy Road Train Member

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    That's up to you and up to the dealers who might offer you a low number. If at all.

    I cannot say sell, or buy or yes or no in stone here because I know nothing and have no ties whatsoever. So what I tried to do is describe to you what happens to a vehicle IF it enters wholesale. Auctions do this all the time and some sale days dozens are not sold to any other dealer eventually rot to scrap (Salvage) at a loss.

    There is about 500 dealers to 700 who buy at my place of work as a crewboss in the Auction house here in Little Rock. It is one place of several where they sell cars to get rid of or buy cars to sell for a living.

    Many thousands of vehicles end up there a month. I can personally attest to three or four parking rows with hundreds that must have battery, fuel or light maintaince support to even run. And half fail the brake check and are never taken into the sale barn at all. Some are taken across the lot and dumped because they are unsafe. A few simply combust and burn on the lot or in the sale barn. Its a sad place.

    Rarely does a car generate much excitement and profit. One in particular was a 3 year old Sable in that era and had about oh 2500 miles original on it, perfect. Grandma car for shopping.

    Bidding war erupted. 50 fought over it. And that was one of those for the year everyone dreams of having.

    That's enough about what happens to cars if you did dispose of one by sale. If you sold your vehicle outright to another buyer Non dealer by bill of sale and so on transfer title to him, pay off any debts on the vehicle and keep the difference. Otherwise if you did not take in enough on the outstanding debt owed for the vehicle you are underwater and must continue to pay. That is not a good situation.

    You want a tractor. Great go get one. There are essentially a thousand tractors to shake a stick at, big and small. We are agricultural by nature. Good luck to you.
     
    Last edited: Jul 8, 2019
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  10. dclerici1

    dclerici1 Medium Load Member

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    You have me confused with the OP. All he asked for was a yes or no answer to his question, you gave him a book and didn’t answer his question. You wrote me a book too and still didn’t give a definitive yes or no to the OP’s question. All in all, I think Ridgeline is most accurate and to the point.
     
  11. OldeSkool

    OldeSkool Road Train Member

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    It's a Arkansas thing y'all wouldn't understand. He's probably been in the lawn chair fishing all day and needs someone to talk to.
     
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