Re: O.T. Sticker Shock

Posted by Jonfarmer on August 27, 2006 at 17:39:03 from (4.156.249.152):

In Reply to: O.T. Sticker Shock posted by JOHN HARMON on August 27, 2006 at 16:44:41:

No, thats the way things are done everywhere. The new car dealers don't waste much space with used cars and they do ship alot of them off to auctions or sell them directly to the surrounding area used car dealers. New vehicles are so expensive that folks can't afford to buy them and use them lightly, when your paying $35,000-$50,000 for a new pickup, you got to have lots of use for it, especially if your looking to trade it within the next few years because you will take an awful loss on your money. A coworker had bought a new Chevy S10 pickup, 4x4, automatic, with a 4dr crew cab, short bed, and fully loaded with all the bells and whistles. 1yr later he decided he wanted to trade it for a bigger truck, the dealer would only allow him $12,000 for that truck that was still in mint condition with 30,000 miles that he had paid $32,000 1yr before. He was all sorts of upset that they wouldn't allow him alot better than that and he checked around some, but they all pretty much have the same used trade in price book. Friend of mine just bought a new F150 and they had a 3yr old f150 4x4 they wanted to trade in, but the dealer would only allow them $6,000 for it, so they said no way, and kept it, I think he said it had 142,000 miles on it, but still, thats an awful loss on your money when you pay $25,000-$30,000 and 3yrs later, they only give you $6,000 and your buying another new truck. After the dealers get hold of them, that same truck they got off the guy for $6,000, they are now going to be trying to get over $10,000. They make alot of money off slightly used trucks. I saw an ad in the local paper on new Chevy pickups, hey, that $16,000 price sure caught my eye for a brand new pickup, made me look that ad over, and then I read the small print at the bottom of the ad that states to get the price shown you'd have to trade in a 1999 or newer pickup and that price is after all the rebates and I think you also had to finance it though GM to get that special price. There was the catch, I couldn't trade in my 10yr old truck for a new truck that the MSRP was $25,000 and get it for $16,000. My truck is in excellent shape though, so I am really not too interested in trading it anyways, that and I don't have the money right now either, nor do I want any payments. Lots of people out there don't want to ever have to turn a wrench, but it'll sure cost ya!.

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