trade in values exploding

gshorn

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everyone been following whats going on with used car value's with this chip shortage? my f150 platinum I plan on trading in for my bronco blue book has gone up $8,000 in trade in value just in the last 6 months alone. nice bonus there hope it holds thru mid summer.





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Happytown

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Are the usuall KBB, Edmonds etc reflecting this? Or more of a quick anomaly happening at dealerships point of sale?
 

CDawg297!

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I'm planning to do that too! Sell private party. I have a 2019 Ranger Lariat and I paid $36k and plan to sell for $40k. Not a bad money maker haha. Heres what my rig looks like right now

Ranger.jpg
 

DryYourTears

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This is just pushing me to want to unload my current vehicle now. We can probably survive with just one for a while. I checked Truecar (price was so-so), and then KBB which was drastically better so I'm not sure what to believe yet, and then it's like the stock market - trying to wait for the top.
 

elseminoleguapo

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Yup. I have an '18 Civic Si coupe with about 16k miles and a lease expiring in July. Buyout is 15k. Carvana is offering 23k right now. I was considering buying and holding it until my '22 Bronco is ready, but with the way the market is, I'm strongly considering taking the 23k and doing a lease takeover for about a year and rolling the dice that my bronco will be ready by mid '22. Decisions, decisions.
 
OP
OP

gshorn

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Haha. Not worth leasing for sure if residual prices start high
 

Wanted33

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My Bronco isn't due until '22. With my luck the market will tank when the time comes to trade. I could fall in a barrel of mammary glands, and come out sucking my thumb. :)
 

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