becks

Has anyone broke down the math a figured out the sweet spot for trading in a truck they bought new?

OEFVETF150lover

good question
my answer, when the rebates are good.
but read the fine print, there are many tricks out there but you have to check the details

GABAR

There`s no such thing as a sweet spot if you`re still making payments on a truck that you purchased brand new.

If you trade it in, you`re going to be upside down and they`ll just low ball you on the trade and roll the difference into your new payment.

If that`s the road you`d like to take and you can handle a higher/longer term new payment, then i`d say go ahead and get you a new truck but I wouldn`t do it.

cfoxtrot

The day after you pay it off....

becks

My truck is paid for it's a 2016 I got for 18,000 less than MSRP taxes in hoping to trade at the end of year (Canadian truck to US) and take advantage of 2017 prices with a model update coming.

steeltown

It's kind of a two part question. A dealership will give you $60,000 for your truck if you're willing to pay $100,000 for a new truck. So you really need to look at how much you'll be out of pocket to get into a new truck. That means your trade in value and the price of the new truck are both equally as important.

To maximize savings, buy a 2017 during the first few months of 2018.

madmatt83

Depends how much you owe and how fast you pay it off. I usually trade around the 40-60000 mile mark (3-5 years). By that time it's close to being paid off. I recently traded my 2013 Silverado at 42,000 that I owed about $9000 on. But the Ford dealership I went to gave me $29000 for my trade in.

lariatpsd

Watch rebates on new ones when they are high trade values are down

firecadet613

I traded my '14 a year and a half into it, trade value was just more than my payoff and I had 35k miles on it.

becks

That sounds like you hit a sweet spot on that trade!