Reply
 
Thread Tools Display Modes
Old 11-06-2015, 12:08 AM   #1
Site Team
 
Terier's Avatar
 
Join Date: Mar 2011
Posts: 9,616
Trade in value shock

After watching "My Big RV" series I found myself suffering from size & storage envy. While spending the day at the local RV show I found an new TT that I would be interested in. As I became more serious I started exploring the possibility of trading up. Boy was I in for a big shock in finding out how little the dealer would offer for my little TT. I expected the number to be lower than I wanted but not so low that the ball wasn't in play. The dealer reasoning was that the new TT was heavily discounted so the trade in price was reduced.

I inquired with another dealer and got double the trade in price but it was still too low to be worth it. After some consideration I opted to keep my TT and be payment free for longer. Besides my TT still works for me, even with size & storage envy.
__________________

__________________
Great choice for "Living within my means" and camping for one...

2011 Salem Cruise Lite 20RBXL & 2011 Toyota Tundra Dbl Cab
Camping History: 45 Trips / 133 Nights / 3736 Miles
FRF Social Group: Campers of the West
Terier is offline   Reply With Quote
Old 11-06-2015, 01:06 AM   #2
Moderators' Assistant
 
bikendan's Avatar
 
Join Date: Jan 2007
Location: Camano Island, Washington
Posts: 13,269
Trade-ins are a losing deal for the consumer.
The only one that wins, is the dealer.

I have NEVER done a trade-in, on any of my vehicles or RVs, and never will.
__________________

__________________
Dan-Retired Firefighter/EMT
Shawn-Musician/Entrepreneur/Wine Expert
and Zoe the Wonder Dog(R.I.P.)
2016 PrimeTime TracerAIR 255, pushing a 2014 Ford F150 4x4 3.5 Ecoboost w/Max Tow Package
Equalizer WDH and Prodigy BC
bikendan is offline   Reply With Quote
Old 11-06-2015, 07:37 AM   #3
Senior Member
 
Join Date: Oct 2015
Posts: 2,270
Quote:
Originally Posted by Terier View Post
After watching "My Big RV" series I found myself suffering from size & storage envy. While spending the day at the local RV show I found an new TT that I would be interested in. As I became more serious I started exploring the possibility of trading up. Boy was I in for a big shock in finding out how little the dealer would offer for my little TT. I expected the number to be lower than I wanted but not so low that the ball wasn't in play. The dealer reasoning was that the new TT was heavily discounted so the trade in price was reduced.

I inquired with another dealer and got double the trade in price but it was still too low to be worth it. After some consideration I opted to keep my TT and be payment free for longer. Besides my TT still works for me, even with size & storage envy.
I am curious as to what they offered and what you think it is worth if you don't mind me asking.
__________________
Mr Havercamp is offline   Reply With Quote
Old 11-06-2015, 07:41 AM   #4
Phat Phrog Stunt Team
 
TURBS's Avatar
 
Join Date: Aug 2011
Location: Iowa
Posts: 34,337
We lost 2k per year of ownership to trade our last unit.
$1,500 on the unit before.
__________________
TURBS is offline   Reply With Quote
Old 11-06-2015, 08:28 AM   #5
Senior Member
 
Kenny kustom's Avatar
 
Join Date: Sep 2015
Posts: 3,340
Trade in value shock

Quote:
Originally Posted by TURBS View Post
We lost 2k per year of ownership to trade our last unit.
$1,500 on the unit before.

That's doing well!

When I traded my TT on the sabre, I lost $999...
Although trade values are skewed, due to dealers discounting the new unit.


2015 RAM 3500 CCSB CUMMINS
2016 Sabre 36QBOK
__________________
2017 Dynamax Isata 4
Kenny kustom is offline   Reply With Quote
Old 11-06-2015, 10:01 AM   #6
Senior Member
 
Jim34RL's Avatar
 
Join Date: Feb 2015
Location: Oswego il
Posts: 1,192
I do not worry about trade in value since these are numbers that any dealer can play with. To me it is the out the door cost of the new trailer with the trade in since this is the finial number that counts.


What is the difference if the dealer will pay $1,000 for your old trailer and retail you a new trailer for $30K. Or another dealer who will give you a traded in value of $10K for your trailer and retail the same trailer for $40K. What is the final cost, this is what counts to me. In fact you will pay more sales tax on a $40K trailer cost VS the $30K trailer this to effects the final cost.


To many people get hung up on trade in value and not the big picture cost.
__________________
Jim W.
2016 34RL CC; 2008 Ram Mega Cab 2500HD, 6.7L, 68RFE 6 speed, 4X4, Smarty S67, TDR 112K+miles
Jim34RL is offline   Reply With Quote
Old 11-06-2015, 10:06 AM   #7
Senior Member
 
Oakman's Avatar
 
Join Date: Jul 2007
Location: Jefferson County, MO
Posts: 5,201
X2 on what Jim said.
__________________


Bob and Joyce
2013 CC Silverback 29RL
2010 Ford F250 XL Crew Cab 6.4 liter diesel
ATU Local 788
Oakman is offline   Reply With Quote
Old 11-06-2015, 11:05 AM   #8
Phat Phrog Stunt Crew
 
elind's Avatar
 
Join Date: May 2012
Location: Upper Penisula Michigan / Arizona
Posts: 2,481
A friend of mine terminated a friendship with a GMC dealer because he couldn't do the math. The dealer had a $25k truck and my friend had a $13k trade in truck. The dealer would of been willing to come down to $21k and give him $13k for his, but my friend wanted more for his trade in. His dealer friend offered $17k for his trade but didn't come down from the $25k price. He took the deal. After the deal was made he found the same truck for $20k online for sale all over. He thought he was cheated but the deal was $8k difference all day long.
__________________
Ed & Ruthann / Toby and Tucker
2014 GMC Sierra Crewcab 2500 Duramax
2014 Wildcat 327ck
2015 129 nites
2016 63 nites
elind is offline   Reply With Quote
Old 11-06-2015, 11:09 AM   #9
Site Team
 
Join Date: Sep 2014
Posts: 2,080
Quote:
Originally Posted by elind View Post
The dealer would of been willing to come down to $21k and give him $13k for his, but my friend wanted more for his trade in.

His dealer friend offered $17k for his trade but didn't come down from the $25k price. He took the deal.
I can't even... Really?

Does the guy also fall for the 50 cents each or 2/$1 deal as well?
__________________
Iwritecode is online now   Reply With Quote
Old 11-06-2015, 12:26 PM   #10
Senior Member
 
MilCop4523's Avatar
 
Join Date: Sep 2011
Location: In a big child free home - except for me
Posts: 1,347
Quote:
Originally Posted by bikendan View Post
Trade-ins are a losing deal for the consumer.
The only one that wins, is the dealer.

I have NEVER done a trade-in, on any of my vehicles or RVs, and never will.

Dealer offered me 14,500 stating I would never get what i wanted. Another dealer offered me 20,000 on a 52,000 trailer 5 months earleir.
2 months after the 14,500 slap we sold it through consignment and walked away with 19,400+
__________________

__________________
09 Sundance 31.5 XLT Bunkhouse
17 Greywolf 22rr Toy Hauler
and
The new toy hauler - 2016 Ford F150 Supercrew XTR ECOBOOST.
MilCop4523 is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



» Virginia Campgrounds

Reviews provided by




ForestRiverForums.com is not in any way associated with Forest River, Inc. or its associated RV manufacturing divisions.


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -5. The time now is 02:34 PM.