New truck buying lesson wanted

stocky

Well-known member
Joined
Jan 19, 2005
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1,460
City & State/Province
sw missouri
For the first time in 12 years, I am thinking of buying a new truck. I have been to several dealers. All seem to be on the same page; Take 2k off the list and call it invoice, deduct rebates, 3-5k and that gets you to 5-7 off list price, whether the truck lists for 58k or 35k, magically they all come up with that as the price to buy outright. When I go back to see what my truck will sell for, 2006 one ton 4x4 diesel with Cannonball bed and 156k miles and real good condition xlt package, it is another 10-12 off for a total of 15-19 off list for a trade in. My truck is Ford and it has made no difference as to the offer from Ford, Chevy, or Dodge dealers.
I was more prepared for an initial 6-8 off list, then deduct the rebates for an outright price. On the internet sites that give trade-in values, my truck comes up from 13,500-16,500 without the bed. The bed is worth about 5k. So, my thought process was that I would be able to trade for a new truck for somewhere in the neighborhood of 25-30k off list price. All the things I used to think I knew, like same brand will give you more for your trade in, the higher the sticker the more they can come off are all out the window, and the older model year new truck will be discounted more off sticker, are all out the window. I priced a new 2014 Dodge and they want the same price off sticker that they want for the new 2015.
So, at this point, with about 10 dealers of Dodge, Ford, and Chevy trucks, I am about 7-10 thousand off of what I hoped to trade for. This used to be a good time of year to trade because the old year is ending and the new year stock is coming in to the dealers. However, this year, there are an incredible number of buyers for new trucks. It seems that every dealer I walk into, I have to wait quite awhile for a salesman because they are with other people and they are usually writing up sales contracts. All salespeople seem to have a quote ready real quick and they have the attitude "if you don't want it, no problem, the next person through the door will".
I am sure some of you have dealt in vehicles and alot of you trade for trucks, I would appreciate your thoughts as to what is normal to expect in relation to the "list price", these days.
Thank you
 
It depends...;). Most of the time your better off buying w no trade in.
If your not looking for a loaded truck I'd try to buy thru a fleet sale division. It helps if you have a friend who buys from fleet sales. There use to be a big GM dealer in Alabama that sold lots of new Caddilacs on an EBay store with hard to beat pricing. I'm sure they sell trucks that way too.
 
I never trade in a vehicle. I sell my old one. Yours should sell pretty easy.

You might sit pat for a bit and see if the new truck market cools off when interest rates goes up.
 
I was told by a dealer to not use a trade in, to sell it private as I was better off doing that, so go price trucks with out the trade in then go to another dealer of the same make and price with the trade in
and you will not see much difference in price
Suzanne
 
Stocky you are trying to trade at the wrong time wait til November or Dec the hold overs will be reduced alot more
I bought my 12 in oct of 12 and i got about $8000 off sticker
A 13 was $3500 more on and only had $5 k in rebates so if I would of bought 13 it would of cost me $6000 more
 
Stocky,
Don't trade. Sell outright.
Check this site and calculate what to OFFER them, then be prepared to walk away. Do this on last 2-3 days of the month when they are being squeezed to make quota. Do some research and you can build what you want and get very close to dealer costs.
http://www.car-buying-strategies.com/new-car-dealer-cost.html

Above all, don't believe anything they tell you ie; they're with someone else, this is the last one and it may be sold etc. Remember you are dealing with people who stand around all day thinking up these tactics between them. :2cents:
 
The more time you are prepared to spend (waste), the better deal you can get up to a point. They have at least $10k off the sticker to deal with, if they want.

The more of their time you can invest, the better deal you can get.

Trades can go either way. If you have a trade they want, you can come out better. Don't forget to figure in the savings on sales tax if you trade vs straight sale. (If you trade, you save the sales tax on the value of your trade).
 
This thread reminded me of when I got back from Nam and had my heart set on one fairly upscale car. I went to the dealer looking pretty much like a bum, I really didn;t care what people thought. I had a hard time getting a salesman to talk to me, when he did he kept trying to steer me towards something cheaper. When he finally decided that wouldn;t work he worked out the financing with the lowest down he could think of and skyhigh interest/payments. It was hilarious when I told him I would pay cash but the price would have to come down. Back then the dealers didn;t make much on financing unlike now. They knocked a couple of grand off the price and smiled and smiled when I didn;t even right them a check, just handed over cash.
 
jedstivers":tz97sdj1 said:
Go to a small dealer and leave the big ones alone. I hate those places.
Excellent idea since if there is a particular truck you want somwhere else most times they can do a dealer trade and get it. One year I was on the road all the time shutteling vehicles from a local dealer to somewhere they worked a trade with. Good money but all the driving mostly in vehicles thta I wouldn;t be caught dead in was a pain.
 
The little place I buy from has two salesmen. The owner and one more. I go in, tell the owner what I want, he gets me a price, I say yes or no.
In fact I'm going in tomorrow to try and firm up a deal on a used one for the farm.
 
jedstivers":3tk52dom said:
The little place I buy from has two salesmen. The owner and one more. I go in, tell the owner what I want, he gets me a price, I say yes or no.
In fact I'm going in tomorrow to try and firm up a deal on a used one for the farm.
The Ford dealer I used to deal with in california was that way. He was the third generation woning that dealership. Started out in highschool as a parts chaser and worked his way up till his dad retired and he took over. There was him and one salesman. Even afteer we moved out of the area, I would call him and tell him what I wanted. He wopuld get back to me with the price and what he would give me as a trade in on a truck that I had previously bought from him. The next day a driver would show up at the door with my new truck and all the paperwork to sign then leave with my old one. The show room had room for 2 cars, a Model T and one of the original GT40s
 
dun":3r7ns136 said:
jedstivers":3r7ns136 said:
The little place I buy from has two salesmen. The owner and one more. I go in, tell the owner what I want, he gets me a price, I say yes or no.
In fact I'm going in tomorrow to try and firm up a deal on a used one for the farm.
The Ford dealer I used to deal with in california was that way. He was the third generation woning that dealership. Started out in highschool as a parts chaser and worked his way up till his dad retired and he took over. There was him and one salesman. Even afteer we moved out of the area, I would call him and tell him what I wanted. He wopuld get back to me with the price and what he would give me as a trade in on a truck that I had previously bought from him. The next day a driver would show up at the door with my new truck and all the paperwork to sign then leave with my old one. The show room had room for 2 cars, a Model T and one of the original GT40s
I used to buy from the ford dealer in Houston MO. I'm sure they are a real big one but I could call up there and they would make a price on the phone. The next day or two they would show up.
 
jedstivers":8l3vx4nv said:
dun":8l3vx4nv said:
jedstivers":8l3vx4nv said:
The little place I buy from has two salesmen. The owner and one more. I go in, tell the owner what I want, he gets me a price, I say yes or no.
In fact I'm going in tomorrow to try and firm up a deal on a used one for the farm.
The Ford dealer I used to deal with in california was that way. He was the third generation woning that dealership. Started out in highschool as a parts chaser and worked his way up till his dad retired and he took over. There was him and one salesman. Even afteer we moved out of the area, I would call him and tell him what I wanted. He wopuld get back to me with the price and what he would give me as a trade in on a truck that I had previously bought from him. The next day a driver would show up at the door with my new truck and all the paperwork to sign then leave with my old one. The show room had room for 2 cars, a Model T and one of the original GT40s
I used to buy from the ford dealer in Houston MO. I'm sure they are a real big one but I could call up there and they would make a price on the phone. The next day or two they would show up.

Romines Ford is still open and going Jed. Still a small dealership. My Aunt has ran the office area for years.

Stocky, lots of good info on the web. I think the website is trucar, it will tell you exactly what the invoice is for any and all options.
 
The trade in may be a better option, here in TN you have to pay sales tax, with no trade in you pay on the full amount, with the trade in only the difference, so with a pretty good trade in it could be a few thousand dollars saved in taxes.
 
When I want a new truck I call Kernersville Dodge. They usually deliver my new truck and pick up my old truck in less than a week. Their prices are as good as you can find east of the Mississippi. They make it really easy to buy and seem to be really fair. They also have over
400 new diesel trucks for sale, so you should be able to find what you need.
 
Hg the place your talking bout is in my neck of the woods, been over there in the past looking at some used stuff. They flat move some trucks through there, howd you find it?
 

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