So if you have a trade-in... Maybe 6 months from order to delivery!

[WuNgUn]

I have a trade-in for my Bronco...
So we'll all be placing our orders in December and January. The dealer will know the wholesale trade in value at the current time (when ordering), and when your finalize price and financing and give a deposit...
But what about that trade in value in the mean time? Some of us could be a YEAR out from delivery...
What then?
I feel like I'm gonna get screwed

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[BroncBro]

The bottom line is that it will be up to your dealer. But your concern is well founded......

 

[KJR50]

Yes you get your value at time of trade-in, not at placing of order.

 

[pan-y-cerveza]

This is a discussion you should have with your dealer at order time. I doubt they will give you a solid price though but maybe you can work on conditions.

But yes....you will get screwed. Most trade-ins are low by nature. Sell independently if it's a real concern.

 

[Edelfin]

You should definitely factor in lower value and added miles of your trade in.

 

[KJR50]

Depending on how much you need your car now and arrival of your new ride. You could sell high now, get an ebike, public transportation, short term rental like enterprise/budget/call a friend or whatever works.

 

[kodiakisland]

Trade in will be the value at trade in. To think otherwise is silly. If you don’t want trade in value, sell yourself. Ford isn’t going to buy your car and then let you drive it for free for 6 months.

 

[Austin26]

The bottom line is that it will be up to your dealer. But your concern is well founded......

Yes. Do consider most states deduct the trade from the sales tax applied to the new vehicle, which is good for you. However, yes, they'll likely hold on the trade value but don't be afraid shop around two to four weeks before buying your Bronco. Most places will set an expiration of their appraisal around one to four weeks. Bring in documentation to the Bronco dealer that if they beat so and so's price you'll sell to them. You get the best value and save on taxes.

Depending on how much you need your car now and arrival of your new ride. You could sell high now, get an ebike, public transportation, short term rental like enterprise/budget/call a friend or whatever works.

This is smart though the high used car market right now isn't high enough to go that extreme in my opinion, from what I've found. I'd say if you had a nice used vehicle you were thinking about selling and didn't need, then yes, that would be a good idea.

 

[ZackDanger]

Depending on how much you need your car now and arrival of your new ride. You could sell high now, get an ebike, public transportation, short term rental like enterprise/budget/call a friend or whatever works.

LOL.
Implying that the weather is mild enough here to bike, that we have robust and reliable public transportation system, or that I have any friends left after I’ve alienated the lot with my incessant Bronco talk.

 

[RLW]

I think the only time you get a decent value for a trade in is when the vehicle you are trading in isn't worth very much.

Example: I have a 21 yr old car that probably wouldn't bring more than $1,500-2,000 (at most) in a private sale.
My wife and went and looked at new Volvo a while back and they said they would give me 4K for my car.
Now that may have been because they really needed to move some inventory. But that's about the only time I have heard of getting more for a trade in than you could get in a private sale.

 

[WuNgUn]

This is a discussion you should have with your dealer at order time. I doubt they will give you a solid price though but maybe you can work on conditions.

But yes....you will get screwed. Most trade-ins are low by nature. Sell independently if it's a real concern.

They're not really that bad if you're trading in, in Ontario, because of the 13% tax. You save the trade-in value amount in tax on your new car, which can be substantial... Probably $2500 in my case.
Can I make more selling privately? Surely... But is it worth the hassle? Dealing with the lein amount after the sale, etc...

 

[HuskerJen47]

Yes. Do consider most states deduct the trade from the sales tax applied to the new vehicle, which is good for you. However, yes, they'll likely hold on the trade value but don't be afraid shop around two to four weeks before buying your Bronco. Most places will set an expiration of their appraisal around one to four weeks. Bring in documentation to the Bronco dealer that if they beat so and so's price you'll sell to them. You get the best value and save on taxes.


This is smart though the high used car market right now isn't high enough to go that extreme in my opinion, from what I've found. I'd say if you had a nice used vehicle you were thinking about selling and didn't need, then yes, that would be a good idea.

Yeah...you get the entire trade price against MSRP, which saves on sales tax. Most times it is a wash between trade in value and selling private owner when you add in the sales tax savings.

 

[Bullitt]

I decided to sell now (my Lincoln MKC) while the market is hot for used vehicles. I still have another vehicle to drive, but really didn't want to trade my MKC...I got way more for it on a private sale than I could have gotten via trade-in. Plus the dealer has a bit more of a upper hand on the deal when you have a trade-in.

 

[ZackDanger]

I think the only time you get a decent value for a trade in is when the vehicle you are trading in isn't worth very much.

Example: I have a 21 yr old car that probably wouldn't bring more than $1,500-2,000 (at most) in a private sale.
My wife and went and looked at new Volvo a while back and they said they would give me 4K for my car.
Now that may have been because they really needed to move some inventory. But that's about the only time I have heard of getting more for a trade in than you could get in a private sale.

It’s an indication of how much room they had to negotiate on the price of the new car.

Psychology for selling cars. Some people like to haggle down the price of the car, some people like getting maximum for their trade... in the end the net sale can be the same, but what angle you come at it can make all the difference to making the sale depending on the buyer.

And sometimes you have a buyer that doesn’t want to haggle down the price and they are only expecting the fair market value for their trade... that’s best case for the dealer (max profit) but also the buyer is happy because they got the experience they wanted/were expecting.

 

[WuNgUn]

You should definitely factor in lower value and added miles of your trade in.

I will, for sure... But I guess the dealers must have some sorta clause

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