Newer 3/4 ton advice?

[goeduck]

Ford with their new 7.3L gasser must think displacement is a plus and it is hard to dismiss Fords engines in the last few years.

 

[Copperhead]

It depends on if you are buying, selling or lending money on which guidebook you use, I guess. But you said, 甜B] I checked the NADA guide, the standard for many auto dealers, [/B].

My point is that auto dealers don稚 use NADA to rely on to make money or they wouldn稚 be in business long. Some might try and convince naive consumers a vehicle is worth NADA but they don稚 buy vehicles for NADA.

And anyone who takes less than NADA for their trades is not getting a fair deal. Dealers might not pay what NADA states, but there is no mandate that the person getting rid of the older vehicle has to trade to the dealer. Find another dealer or sell it outright and get the NADA value.

Likewise, anyone who pays more than the NADA retail amount for the used vehicle is not very wise. The diesel buyers seem to really fall into that trap, paying way more than the used vehicle is actually worth. There is a considerable margin between the NADA trade in value and NADA retail value so that any dealer could make a reasonable profit if they followed the NADA guide. Many vehicles have a $3000 spread as a minimum between average trade value and retail value. If a dealer can't make money on that, they need to find another line of work.

Some dealers may not go by NADA, and they are not required to. But that doesn't mean the consumer shouldn't or can't. The NADA guide is there for a reason and is a recognized publication by the Automotive Dealers Association. Much of the data is based on actual selling prices in a given region. There are thousands of dealers one can go to, so they are not stuck with a dealer that doesn't want to follow an objective standard. I have used the NADA guide to my advantage on a few deals.

Only those that are unable to walk away from any deal and any point in the negotiation are the ones who get taken to the cleaners. No one is obligated to any deal until the vehicle is actually driven off the lot. It is commonly known as the "Curb Law" in both dealer and legal circles. Any deal can be squashed at any time before the vehicle is driven off the lot by the potential buyer. Even if financing is arraigned, and paperwork signed, the deal can still be squashed if the vehicle is not driven off the lot. A consumer can kill the deal at any time prior to driving it off the lot. And any consumer who knows that and is willing to exercise that will be the least likely to be scammed.

 

[two_bit_score]

^^^^^^^Copper, if it works for you good for you. I’m just telling you what my observation has been over time working with many, many dealers and auctions. NADA is out of date the minute it’s printed. It’s a depreciation schedule at best not a market evaluation. But only people who are in the market everyday really can tell you what it takes for them to make money on a vehicle. That’s for their market. Another dealers market may be different.