Trying to stay ahead of the game.

210

Asked by Dec 29, 2014 at 03:10 PM about the 2010 Chevrolet Silverado 1500 LTZ Ext. Cab LB 4WD

Question type: Shopping & Pricing

I have a 2010 Silverado LTZ Z-71 with 80,000 miles on it. trade in value is around 22k and
i think i can get 26k on a good day selling it out right. then I am going to get into a used
truck around 29k. is it better to sell and then put a large down payment? Or should I trade
in? I have heard that the tax incentive makes it a better deal to trade in versus selling and
starting over.. my current truck is pay off. What is your opinion?

2 Answers

58,965

Depending on how anxious you are to make this move you can get more money if you sell the truck yourself. But that can be a headache. You wait around for people who say that they're coming to look at it and they never show up. People trying to low ball you. Complete strangers coming to your house or job or wherever you decide to meet them, alone. People who want the truck but can't get the money or financing to get it asking you to "hold it for a day or two". Wondering if the bank draft is real (BTW don't EVER take a personal check from a stranger). Having to deal with the chucklehead who bought the truck and two weeks later blew it up and expect you to fix it or refund them. On the other hand I've sold cars and had good experiences too. The young guy who bought my '66 Cadillac and couldn't wait to get it home so he and his buddy could get to working on it. The guy who bought my '70 Catalina Station Wagon because it was just like the one his parents had when he was a kid. Then finally the guy from work who really needed a car because he has a young family and bought my '93 Caprice for $500. Trading in a vehicle is good too if you want to be rid of the vehicle now or the vehicle is a junker that you wouldn't unload on your worst enemy! In your case I'd wait until after the holidays and start shopping for the new truck that you want. Put a for sale sign in your old one and make it known that you're selling it. If you get a buyer great. If not, trade it in. HTH. -Jim

1 out of 1 people think this is helpful.
695

The question is if you come ahead after taxes. Subtract the taxes so if u pay 7% 24500 would be a break even for trad vs if sold it for 26000. Does this make sense? Because you dont pay tax on the traded vehicle, u have ro pay tax on the full amount if you pay cash. Ill guess if you want 26k the dealer will give 21k. So do some math and find what is right for u.

Your Answer

Add photo

Related Questions

Get More Money for Your Car
Be seen by 20 million shoppers. Create Your Free Listing

Search Chevrolet Silverado 1500 Questions

UK Questions

Are you a UK consumer? CarGurus now has a discussion forum in the UK.

Chevrolet Silverado 1500 Experts

#1 John Carson
John Carson
Reputation 1,760
#2 Silverado_owner_2006
Silverado_owner_2006
Reputation 1,490
#3 tenspeed
tenspeed
Reputation 1,420
View All

Related Models For Sale

Used GMC Sierra 1500
990 Great Deals out of 59,989 listings starting at $1,299
Used Ford F-150
3,009 Great Deals out of 207,372 listings starting at $1,200
Used Dodge Ram 1500
508 Great Deals out of 12,878 listings starting at $1,800
Used Chevrolet Silverado 2500HD
383 Great Deals out of 27,125 listings starting at $2,998
Used Toyota Tundra
660 Great Deals out of 28,057 listings starting at $2,798
Used Toyota Tacoma
697 Great Deals out of 31,796 listings starting at $2,750
Used Chevrolet Tahoe
868 Great Deals out of 27,794 listings starting at $1,700
Used Ram 1500
1,294 Great Deals out of 115,137 listings starting at $6,500
Used Chevrolet Colorado
301 Great Deals out of 17,720 listings starting at $1,995
Used Chevrolet Camaro
434 Great Deals out of 40,550 listings starting at $3,500
Used Ford F-250 Super Duty
440 Great Deals out of 42,944 listings starting at $2,195
Used Chevrolet Avalanche
238 Great Deals out of 5,743 listings starting at $2,400

Used Cars For Sale

2017 Chevrolet Silverado 1500 For Sale
54 Great Deals out of 88,623 listings starting at $18,710
2016 Chevrolet Silverado 1500 For Sale
270 Great Deals out of 11,413 listings starting at $16,019
2015 Chevrolet Silverado 1500 For Sale
268 Great Deals out of 7,102 listings starting at $15,977
2014 Chevrolet Silverado 1500 For Sale
467 Great Deals out of 10,711 listings starting at $12,500
2013 Chevrolet Silverado 1500 For Sale
290 Great Deals out of 6,212 listings starting at $8,995