Nitrodoc

The question is why are you wanting to trade in a 2 month old truck? Whenever you buy a new vehicle it is going to depreciate immediately the minute that you drive it off the lot. Keep it a few more years and you will no longer be upside down in your payments.

UncleG

I would get toptobottom's opinion before I did anything.

Eduskator

Completely normal. Who wants to trade-in a 2 months old truck? Who wants to buy a 2 months old truck when they can buy a new one for roughly the same price, with a better interest rate? Pure logic.

The first 2 (or even 3) years are always the worse when it comes to depreciation.

My advice? Keep it, unless you're rich and can afford to lose 15k. You could always try to sell it privately, but again, lot less hassle buying brand new for someone than buying used at this point.

Rodsf150

Like others have said, it would be better to stay in this truck for at least 3 years then you may break even. If you can't afford it then give it up and lesson learned.

kmac1036

I'd put it up on craigslist or autotrader and sell it yourself. might be able to get close to what you owe. check out nadaguides.com & see what it's going for on there.

A friend of mine that's been in small business for a long time always tells me "It's not what you sell it for, it's what you buy it for."

good luck!

DyLivn

1. You never sell or trade a vehicle to a dealer, never. (Unless the tax shelter on the new car is greater than the difference in selling private, unlikely)
2. You paid about 8-9k more than you should have when you bought it.

matt1m

Yes, there is no way you can get close to what you paid on a two month old truck for trade in. First you paid about 10000 more then you should have. There is usually 12000 to 14000 off new f150s, atleast there is here in North Carolina. So your gonna be stuck, even if you sell it yourself your not going to get what you have into it. You need to keep it for about 4 years with your current situation. Never buy a full size american truck for less then 8000 off sticker minimum.

Around here you can get Gmc denalli's for 11000 off, F150s for 14000 off and Rams for 14000 off. Usually can get a brand new truck for about 2-3 thousand more then a 1 year old truck with under 25000 miles. Good luck and sorry to hear you need to get rid of your truck already.

Stu Cazzo

MSRP 52400. bought for 48400?????
Shoulda "bought" for 42k at most!!!

So bought truck and now wants to trade it in???

Doesn't look like you know what you want to do.

Why not figure that out first...which you should have done before buying the 2018

rbraughn

I must be missing something?

Everyone is saying he paid too much, (which BTW 4k off MSRP does look weak) but I don't see enough info about his truck to determine if the MSRP was appropriate to begin with....Is it a Supercrew? 4x4 or 2WD? Platinum?King Ranch?Lariat or XLT?

Also he is talking about 16k less than his loan payoff....what was his interest?

bassJAM

I agree with the general consensus here. Trading in to a dealer is almost always a bad idea, private sales are much better. But you probably paid too much to begin with, so even selling this privately you’re going to lose a decent amount of money.

But like other’s are wondering, why are you wanting to get rid of a basically brand new truck?