2021 Vehicle Values

[crstpr1341]

I've ordered a 2022 F350 Tremor and I am trading in my 2021 F250 Platinum. I have looked everywhere that I can think of online and I cannot find any sort of values for the 2021 Super Duty models except for the XLT. Just wondering if anyone else is looking to do the same and has researched this. I'm trying to decide on selling or trading and I need to see if I can come close to recouping the 5k in sales taxes I would have to pay if buying out right.

 

[Tx-Tremor6.7]

I've ordered a 2022 F350 Tremor and I am trading in my 2021 F250 Platinum. I have looked everywhere that I can think of online and I cannot find any sort of values for the 2021 Super Duty models except for the XLT. Just wondering if anyone else is looking to do the same and has researched this. I'm trying to decide on selling or trading and I need to see if I can come close to recouping the 5k in sales taxes I would have to pay if buying out right.

Any reason why you are trading in a 2021 so soon? If you sell it outright, you have a much better chance of getting what you paid for it. Due to part shortages across the board, there are several members who recently sold their existing trucks for the same or more than what they paid.

 

[crstpr1341]

I had a raptor that I needed gone due to lack of truckablity lol. I bought the 21 wanting a tremor but at the time I could not find one. Got a great deal on the 21 knowing if the chance or reason came I would purchase a 22. The dealer I use and ordered from gives true blue book value without haggle and the 20s are showing almost 80k trade in. My truck stickered for 83k and if I could get that I'd sell it all day long and eat the 5k in taxes. When you're dealing with the general public and there is no information except for the window sticker and the perceived 20% depreciation when you drive it off the lot, I'm not sure it would be a fun process to sell on my own

Any reason why you are trading in a 2021 so soon? If you sell it outright, you have a much better chance of getting what you paid for it. Due to part shortages across the board, there are several members who recently sold their existing trucks for the same or more than what they paid.

 

[Tx-Tremor6.7]

I had a raptor that I needed gone due to lack of truckablity lol. I bought the 21 wanting a tremor but at the time I could not find one. Got a great deal on the 21 knowing if the chance or reason came I would purchase a 22. The dealer I use and ordered from gives true blue book value without haggle and the 20s are showing almost 80k trade in. My truck stickered for 83k and if I could get that I'd sell it all day long and eat the 5k in taxes. When you're dealing with the general public and there is no information except for the window sticker and the perceived 20% depreciation when you drive it off the lot, I'm not sure it would be a fun process to sell on my own

Read the thread on selling vs trading-in on this forum to see how many have sold their trucks in record time. I sold my 2018 Raptor with 19,500 miles for more than what I paid three years prior in less than a week.

We are in a used car bubble right now, so the old 20% depreciation rule goes right out the window!

 

[Guest2542]

Check Carvana, Vroom, and Givemethevin.com

I just sold both of my vehicles to Carvana last week and I got $1000's above KBB instant offer from Carvana.

Sale process was super easy, and you can select how you'd like to get paid (electronically or check). I chose electronically and they make the transfer right there in your driveway. Money was cleared in my account the next day.

neither sale took longer than 15 minutes at the most to complete.

 

[TxTremor]

I had a raptor that I needed gone due to lack of truckablity lol. I bought the 21 wanting a tremor but at the time I could not find one. Got a great deal on the 21 knowing if the chance or reason came I would purchase a 22. The dealer I use and ordered from gives true blue book value without haggle and the 20s are showing almost 80k trade in. My truck stickered for 83k and if I could get that I'd sell it all day long and eat the 5k in taxes. When you're dealing with the general public and there is no information except for the window sticker and the perceived 20% depreciation when you drive it off the lot, I'm not sure it would be a fun process to sell on my own

you might be surprised how easy it could be, the used market is crazy considering how low new inventory there is due to supply chain issues and shutdowns. I was looking at boats and most were list at or above their MSRP years ago and anything new was already bought or had a waiting list. I would post it up for a week or two and if you get no takers then try carvana, dealer, or something else.

 

[Tx-Tremor6.7]

you might be surprised how easy it could be, the used market is crazy considering how low new inventory there is due to supply chain issues and shutdowns. I was looking at boats and most were list at or above their MSRP years ago and anything new was already bought or had a waiting list. I would post it up for a week or two and if you get no takers then try carvana, dealer, or something else.

This is excellent advice. When I posted on my local Craigslist, I had 5 dealers reachout to me to make an offer. This has never happened before, so they are desperate to find clean used cars. A couple of them offered KBB prices, but the place I sold it was $7K over the KBB "retail price" and more than I paid originally. Since I did not want to deal with the scammers and tire kickers during COVID, I took the offer and got my check the same day.

In the end, I sold my 3 year old Raptor for $2K less than I paid OTD for a loaded 2021 special order Lariat Tremor with everything I wanted.

 

[crstpr1341]

Well for those who sold during thie " bubble" lol where should I start asking since I cannot find a value. The sticker was 83k. It has 3000 miles on it. I know you get more selling versus trading which is why I'm really hunting a value as the dealers are rarely honest and will come up with some oh 2021s aren't as desirable as the model year was cut short excuse to low ball me. Would asking sticker for a practically new truck be crazy or should I shoot higher based on others experiences. New territory here and sorry if I'm coming off needy ?

 

[21KRTremor]

Now is the time to trade for sure. I know it sounds bad, but I traded a 19 midnight duramax for this Tremor. My trade was $5,000 less than I paid two years ago. They are reselling the truck for what I paid for it and are getting hits. Wild west on late model used trucks..

 

[bubzilla]

Check Carvana, Vroom, and Givemethevin.com

I just sold both of my vehicles to Carvana last week and I got $1000's above KBB instant offer from Carvana.

Sale process was super easy, and you can select how you'd like to get paid (electronically or check). I chose electronically and they make the transfer right there in your driveway. Money was cleared in my account the next day.

neither sale took longer than 15 minutes at the most to complete.

This for sure. Even if you decide to trade instead, it will give you a good idea of current market value. KBB is not going to have enough data points to issue trade values on ‘21 models yet. After all, they are not determining value in a vacuum—they look at transactions, e.g., wholesale auctions. No used transactions, no used value estimate.

 

[Tx-Tremor6.7]

Well for those who sold during thie " bubble" lol where should I start asking since I cannot find a value. The sticker was 83k. It has 3000 miles on it. I know you get more selling versus trading which is why I'm really hunting a value as the dealers are rarely honest and will come up with some oh 2021s aren't as desirable as the model year was cut short excuse to low ball me. Would asking sticker for a practically new truck be crazy or should I shoot higher based on others experiences. New territory here and sorry if I'm coming off needy ?

I would start out at or above MSRP and see where it goes from there. You can always go down in price, but I would not go below what you paid because the online companies mentioned previously will make offers if you reach out to them. If you go the online route, send the VIN information to all of them as their prices will vary based on current inventory.

 

[Guyute941]

I paid $55000 for my 2019 f-350 last August with 22,000 miles on it. I added $300 running boards, front window tint and new tires (duratracs) which it needed anyway. So all in with upgrades I was about $56400. I put over 14,000 miles on it and a used car dealer about 8 hours away paid $54000 for it based upon the five or six pictures I posted on Craigslist. Wired my payoff to the bank and had a cashiers check for rest upon pickup. I had it listed for a day.

List at sticker at least - you may be surprised what you’ll get for it.

 

[PapaRaptor]

I agree that the market is crazy but you need a buyer with a huge down payment or a cash buyer. The banks will not loan out more than the truck is worth and sales tax is not something that adds value to it. In our state the buyer still has to pay sales tax on a used vehicle ( not sure the case in other states. )

 

[crstpr1341]

I agree that the market is crazy but you need a buyer with a huge down payment or a cash buyer. The banks will not loan out more than the truck is worth and sales tax is not something that adds value to it. In our state the buyer still has to pay sales tax on a used vehicle ( not sure the case in other states. )

That is a great point about people getting financed for these vehicles. I wonder how the banks are treating these gains when pricing them against similar new models. I will try Carvana and see. Good place to start. I'll be back to the thread to either boast or lick my wounds ?

 

[crstpr1341]

 

[Skibum1681]

The dealer you trade it in to will likely sell in a few days and get nearly (like within hundreds of dollars) sticker price for it. Let them make the least amount possible.

 

[Skibum1681]

I'll add an interesting thought:

In NY you only pay sales tax on the difference between trade value and sale price of the new vehicle. In this market I can see a situation where your trade might be worth MORE than the new ride if you can purchase with X-plan. You might actually be able to have the state pay you to get a new ride.

 

[Guest2542]

Well for those who sold during thie " bubble" lol where should I start asking since I cannot find a value. The sticker was 83k. It has 3000 miles on it. I know you get more selling versus trading which is why I'm really hunting a value as the dealers are rarely honest and will come up with some oh 2021s aren't as desirable as the model year was cut short excuse to low ball me. Would asking sticker for a practically new truck be crazy or should I shoot higher based on others experiences. New territory here and sorry if I'm coming off needy ?

go to nadaguides.com and put in your options, etc.

I just looked there and they have listing for 2021 f250 platinum. I just did a check for standard equipment to see if it would give a value and it did. So give that a try and see what it gives you.

Like others have said, I would be asking sticker price and see where it goes from there.

Did you try Givemethevin? or Vroom?