Car Dealers Aren’t Paying Fair Market Value For Trade Ins

As someone that was in the car business for many years...Dealers don't use KBB for buying, they use NADA. They sell with KBB value and buy with NADA value. That's why your trade offers were coming in a couple thousand low.

Adam, Sunday morning viewer here....Congrats on the truck sale and more importantly being fair with your price ~ that is hard to find on MP. Looking way forward to seeing your next Vid on the Why, How you bought the next truck! Keith aka Cowboy Joy

Shop around at our dealers. Within 1 hour of our area on my 2018 f250 I had offers of 12k and I finially shopped around enough to find mccandless in mercer would give me 26k They sold it for 30k within a week. Offers were not even close dealer to dealer.

is that $200 or $300 per tote ??? or , how much ???

Starts pulling boat out with snow flying "Bit early for that there eh bud" 🤣🤣
Yeah dealerships just don't want to offer any value in a trade which is disappointing. They also don't give any wiggle for purchasing either and are only interested in selling you warranties and other useless things.

Thanks for the tips on selling the truck. How do you take payment and transfer the title? Do you just go to the bank and deposit his check? How do you and the bank keep from getting ripped off. Do you head to the Title Bureau after that? You hear so many stories about these things. Thanks.

excellent work, Adam, enjoyed the WOOD=energy conversion !!!

Congrats Adam 👏
Looking forward to seeing the next video.

I couldn't quite see but was the saw you were bucking with a Dolmar?

I will be going to the farm show on Wednesday, we live in southern Indiana about 30 minutes away.

It's hurting my back watching you lift those logs, 😆

Trade-ins are always in the dealer's favor. I never trade anything in. I'd much rather sell it myself and make the extra money. Trade-ins are done out of convenience and dealers take advantage of it. I've even heard of dealers making it sound like selling it private party is an unbelievably difficult process. FB marketplace has made trade-ins a thing of the past in my opinion.

Congratulations on sale your truck and your purchasing of another one I'm happy for you Adam

Upgrade to a cdl too possibly with that big of trailer.

Very smart to list your truck on FB and sell it to an individual rather than the dealership. Like you said - that benefits both parties. The buyer and the seller both make out better that way.

They have to make money and they have costs to cover too.

I have not traded in a car in over 25 years. Come to think of it, that may be why I currently have 7 cars.

👍👍

GET 1 TON!

Adam my boy n I acknowledged u at Bunyan show n you did turn n say hi but that it granted it was noonish n we was in the food trailers area u n wife trying find food as us so we didn't get talk

What, your surprised about the trade-in game? ( it sucks, but what ya gonna do? )

Hey Adam, wouldn't you be helping your back out to move that bucking rack
closer to the splitter?

Buy once, cry once
Hopefully you purchased a 1 ton, diesel w/ 8' bed (plus 4wd, crew cab).

Hey Adam, good for you! I'm glad that you're growing. I think I was the first person that ordered one of your custom chainsaw bars, if you happen to remember. If not, no big deal. Just a word of advice from a 3/4 ton owner, be careful when ordering a new truck. You'll want to stay under 26K between your truck and trailer, so that you don't have to get a CDL. This is a BIG DEAL. I just got my new truck about 4-6 weeks ago, and I ordered a Ford F-250. Not that that matters, because I'm not brand loyal, but my point is, you'll want to order a truck that has a GVWR of 10K, so that you can get a trailer that has a GVWR or 16K, and then still be under the 26,001 threshold of a CDL. Please pay attention to these numbers, as they may have a large impact on your lifestyle.

7 totes?!? That’s more than half of what we split for you that day… Will the other 5 last you till we can come back and split more for you?

Have you ever heard the saying: Buy Low, Sell High?
THAT is how you make money…at anything!
Why should they pay you a penny more than they have to?
I thought, being an accountant, you’d have known this but I guess not.
You just insulted everyone of your subscribers who’s involved in any way with car dealerships

Dealers have never offered a fair value for trade ins. At least that’s been my experience. Trade ins offer convenience though.

Congrats on truck sale.

I want to bypass those lying dealerships so badly but there are so many schemes on the private seller side. Even selling something as simple as a $1k smartphone is risky. Often as soon as you drop your sold item in the mail for the customer, the money the “customer” paid DISAPPEARS from your bank account! The thought of that happening with a private sale of a vehicle worth $10’s K. disappearing makes me sick.

When did a dealership ever give fair market value. They get your trade in price then give you the price of that car and financing rate. My friends would say the dumbest thing you cam do is come in amd announce your getting x price for a trade in. You will get that price and pay a jacked up price on what you buy. Negotiate a cash price. Then Negotiate a financing price after you say you dont have the cash. Then say i decided to trade in my old car. Thats how you get the best price on what your buying and you see just how little they are actually paying for your trade in.

Congrats on the quick truck sale and new acquisition - looking forward to seeing what you purchased! Thanks for another good video!

Would you consider building a small wooden bridge between your cutting table and the log splitter so you could roll the wood rather than lift the heavy pieces? Congratulations on the truck sale.

I was offered $14k for my tacoma as trade in. Sold it for $25k about two weeks later. Stealerships in general are a thing if the past and should be disregarded and ignored.

Adam, how much do you charge for a tote full of wood

The truck is worth nothing vs screwing your back up as you can’t trade it in!

Dealers are probably paying fair market price, you just overpaid for it when you bought it.

You have a nice simple setup, look forward to seeing the new truck

Why would a new car dealership pay "fair maket value" for a trade-in? They're not going to drive it. They're going to resell it. At a profit. If they aren't profitable they won't be in business for very long. By buying your trade-in, they're saving you the hassle of selling it yourself. It's a convenience fee. If you don't like that, sell it yourself. Gripe all you want about how "unfair" it is, but it doesn't change reality. Convenience has a real cost.

7k in profit???

I guess they don’t do any recon to the vehicle.

No advertising cost?

No building?

No insurance?

No employees?

I bet the money they use is free with no interest?

I guess there is no negotiation on the sale of the truck at the used car lot. Everyone walks in and pays full price.

Wow guy, I thought you were a little bit better business man.

I bet that used excavator you bought was sold with no markup.

Wow guy wow.

How much do those ibc totes weigh when they are full?

Had an Audi Q5 and we bought a new 2023 Passport. Was offered $6k for the Q5. Sold it on my own for $12K. Nearly flawless paint, interior was new and 90% dealer maintained with records and new Michelins. Dealers are the worst.

Always get a pre-purchase inspection done. It will cost a few hundred dollars.

Nice sell on FB Marketplace! I listed some rental homes on there. Crazy what people will pay for private homes to rent.

Everybody's got to make a shekel, but what price laziness? Sometimes people expect more than their pound of flesh out of a deal! Keep up the great work :)

Even if you deal with honest dealers it still feels like you get ripped off.

I plowed my bobcat skid steer with my ram 1500

I pulled my skid steer with my ram 1500

Guys probably a flipper. It's gonna be on carfax next week for double......

What was the year of your Ford F150 that you sold?

Hey, really loved your old F150 you sold.

Would you mind sharing what packages it had?

Im researching older F150s and I think your truck is as close to what Im looking for as Ive seen.

Way too many 1-3 yr old ones going for a downpayment on a home. It’s absurd.

Appreciate it.

Specifically, you got a good larger screen, interior looks nice, color, door handles dont look chinzy plastic and it has an overall “premium” feel but not like that over done Limited or Platinum trim.

Ive seen some XLT and Lariats look like luxury cars, cant imagine anyone needing a Platinum or King Ranch level anything.