Trade-in Thoughts... (1 Viewer)

[snishs]

I have an '25 OT+ which I purchased for approx. base price of $85K + Tax + Fees = $91K OTD. My down-payment was ~50%
Only have ~3,500 miles.
Working with a dealer to trade-in for the exact same vehicle but a '26 model (base price + fees = $87K).
Dealer is offering ~$85K for a trade-in.
Is it a worth-while offer? Need some guidance since I've never traded a car before. Thank you!

 

[leopard print]

So you’re essentially paying $2k for a brand new car and 1 year more current model? I’d do it.

 

[incognito.gx]

I have an '25 OT+ which I purchased for approx. base price of $85K + Tax + Fees = $91K OTD. My down-payment was ~50%
Only have ~3,500 miles.
Working with a dealer to trade-in for the exact same vehicle but a '26 model (base price + fees = $87K).
Dealer is offering ~$85K for a trade-in.
Is it a worth-while offer? Need some guidance since I've never traded a car before. Thank you!

Why trade a 25 for a 26? They didn’t change anything. I could understand going from a 24 to 25/26 bc of the upgrades. Having said that, $2k for a brand new GX is a good deal. Why you trading in? Diff color?

 

[Sixgun95]

2K, current model and new, hell yes! Why wouldn't you?

 

[YellowLab]

Why would a dealer make a 'deal' like that - there is something missing I'd bet you would find when the deal is papered

 

[snishs]

Why would a dealer make a 'deal' like that - there is something missing I'd bet you would find when the deal is papered

Because they can sell it for more than a brand new one with the high demand on these vehicles!

 

[YellowLab]

Because they can sell it for more than a brand new one with the high demand on these vehicles!

That does not make any sense. Dealers here are marking up new ones $25-$30K over sticker and they are paying invoice (say $55K) on those from Lexus. Why would a dealer buy it from him for some $85k and give up a new allocation? If they are great, but again - I'd question the 2026 price unless it's in writing.

 

[snishs]

Dealers here are selling it at MSRP - not crazy markups like what you are seeing. Yes it’s in writing.

 

[incognito.gx]

Why would a dealer make a 'deal' like that - there is something missing I'd bet you would find when the deal is papered

Auction I’d bet

 

[munkeeboi]

maybe they need to hit some monthly numbers

 

[YellowLab]

Dealers here are selling it at MSRP - not crazy markups like what you are seeing. Yes it’s in writing

Go for it then

 

[gvan1998]

Do it! I dare you

 

[YellowLab]

Do it! I dare you

 

[kulhand182]

I don't know what sales tax is like in your area but I know for me in CO it wouldn't be worth it having already paid the man once.

 

[snishs]

I don't know what sales tax is like in your area but I know for me in CO it wouldn't be worth it having already paid the man once.

Sales tax would only be applied to the difference.

 

[leopard print]

Sales tax would only be applied to the difference.

I wish California was like this. We still pay tax on the full purchase price regardless of trade in value.

 

[YellowLab]

I wish California was like this. We still pay tax on the full purchase price regardless of trade in value.

Gotta love the 'resort fees' that CA continues to hit us with.....

 

[incognito.gx]

I don't know what sales tax is like in your area but I know for me in CO it wouldn't be worth it having already paid the man once.

Huh? You’d pay the sales tax on the difference ($2k)

 

[YellowLab]

Huh? You’d pay the sales tax on the difference ($2k)

Depends on the county you register - but many are 10%+

 

[incognito.gx]

Depends on the county you register - but many are 10%+

$200 sales tax on a brand new OT+ sounds good to me