matt2636

i had the xplan with a trade as well. I had a 09 with less miles than that on it. at first they weren't going to take my xplan but the decided they would. it was obvious I was going to walk if they didn't. mine blue booked for 24000 with a trade of 21 something. the offer was 18 for my truck and the xplan with rebates which brought the total to 20 when it was all said and done.

I went in knowing I was going to owe about 20 grand, which is the number we got to, and I was happy with that. yeah I took 18 for my truck knowing I could have traded it for 20. I figured they would put it on the lot for 24, with the low miles it had, and to my surpise they put it on the lot for 23 even. it was gone in 2 days. I believe it was a FAIR deal.

dealers don't lose money on the xplan. some, but not what they claim. dealers have to make money, otherwise they wouldn't be in business. I think it is a tad unreasonable when you roll in there with the xplan and explect close to blue book value for your truck. its a win win for both you and the dealer. you get the discount, but ford still kicks back the difference to the dealer. some are just lazy and don't want to do the paper work.

if I wanted more out of my truck I would have sold it out right. sure I ate a couple grand BUT I may not have sold it as fast as they did and the truck I wanted may not have been there by the time I sold mine, and id be truckless. its always a toss. AND the dealer doesn't have to accept the xplan. the xplan is a heck of a deal to begin with. its your money when it comes down to it.

Jim_W

I have an 05 XLT 5.4L Scab with 168,000 and I got $4,800 in trade.

Moore08

Well after talking to my dealer we agreed to split the difference and get it to where I'm comfortable with .. I'll be bringing home a 2015 supercrew lariat 502a Eco fx4 .. I'll post some pics later

Boatmanbuzz

Great to hear-congrats!

trollo2984

I know it is a tad late, but I was gonna post that KBB and edmonds etc dont write checks and buy cars, nor sell them. That is why everyone likes the Carmax option, they actually are in the buying/selling business.

But since you already made the deal, oh well. Congrats.

Kantuckid

iTrader: (1)

Your trade-in was bought for that amount=fact.
Your price paid for the new one = unknown
If we or you are to "analyze" that deal (on the web it can turn into a real shootout) you got, it would take lots more info., so what you said is just a number that "seems like" a good deal?

Kantuckid

iTrader: (1)

And exactly "WHERE" do you think that "Carmax" buyer/appraiser gets their "vehicle values" from?
I can assure you that their buyer, no matter how many years in the business(and its probably a significant many if a buyer) doesn't carry all that info. in their head. They use a published source!
I'll throw this out-most anyone that loans money for vehicles will get you pretty close to a "vehicle unseen/undriven" value w/o a Carmax visit. Your bank/CU loan officer may not "know" vehicles like a lot buyer but they know enough to be fairly close on values.
Oh well, maybe more to the car business than mentioned above?
My purpose here is to add clarity to the process of valuing your trade for readers, nothing more.
It's also noteworthy that the OP's "deal" had several $thousands$ of "slush" money built in as was mentioned. Always best to have a "fair trade-in amount" fixed in ones mind prior to shopping! From there it's kind of complicated.

packplantpath

Car max has their own auction network. With their own database. Plus they actually disclose problems to buyers at auction so they can get a premium sometimes.

Moore08

I'll post more pics later .. I pretty much got what I was asking and they gave me 24k for my trade .. I'm satisfied with the deal I had

Maybe2ndFord

Very nice and the snow is a great accessory!