Jump to content


Help deciding new truck


Admin
 Share

Recommended Posts

Both are 2003, both are Dodge rams, both are four wheel drive and 4 door extened cab, both are $20,995

 

The differences: Truck A)black with 34,000 miles and 4.7 litre engine, not fully loaded, 18 MPG

Truck B)Red with 52,000 miles and 5.7 litre hemi engine, fully loaded, 17 MPG

 

On a normal day, the clear choice would be the Hemi, but that extra 18K miles has me worried. Anyone have any thoughts.

Link to comment
Share on other sites


Let me introduce you to my good friend Kelly Blue Book. This is one of the guides that dealers use to determine trade-in values. Then, they lowball the customer below the trade-in value and try to sell for more than the resale value. I have bought several cars at great deals by doing this: 1. determine the resale value. 2. determine the trade-in value 3. subtract the trade-in value from the resale value. 4. Divide that number by 2. 5. Add that number to the trade-in value. Example:

 

Resale Value = $20,000

Trade-in value = $12,000

$20,000 - $12,000 = $8000

$8000/2 = $4000

$12,000 + $4000 = $16,000

 

If you offer $15,000 and let them talk you up to $16,000 [or that general area] you will get a good deal.

 

One more word of advice, dealers are trying to have a fire sale on trucks that don't get over 20 mpg. Use gas prices to your advantage and feed them that fear...

 

Truck A: $16,450

 

Truck B: $18,280

 

You shouldn't pay more than that. With that said, you are talking about a V8. Assuming that the oil was changed on these suckers once in a while, your engine will outlast your truck. Somebody bought my old Chevy pickup with a 454 just for the engine - and it had almost 200,000 miles on it...

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...