Trying to stay ahead of the game.

270

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

75,775

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 of 1 people found this helpful.
775

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

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

Chevrolet Silverado 1500 Experts

  • #1
    John Carson
    Reputation
    3,080
  • #2
    Rowefast
    Reputation
    2,200
  • #3
    Andrew Olsen
    Reputation
    1,960
View All

Related Models For Sale

Used GMC Sierra 1500
1,084 Great Deals out of 61,717 listings starting at $1,295
Used Ford F-150
2,943 Great Deals out of 230,827 listings starting at $1,300
Used Chevrolet Silverado 2500HD
408 Great Deals out of 31,791 listings starting at $2,500
Used Dodge Ram 1500
295 Great Deals out of 10,490 listings starting at $1,995
Used Ram 1500
1,199 Great Deals out of 118,715 listings starting at $3,950
Used Toyota Tundra
611 Great Deals out of 36,207 listings starting at $1,500
Used Toyota Tacoma
550 Great Deals out of 41,072 listings starting at $2,999
Used Chevrolet Tahoe
784 Great Deals out of 40,136 listings starting at $1,799
Used Ford F-250 Super Duty
403 Great Deals out of 47,758 listings starting at $1,700
Used Chevrolet Colorado
315 Great Deals out of 43,562 listings starting at $1,695
Used GMC Sierra 2500HD
121 Great Deals out of 15,006 listings starting at $3,259
Used Chevrolet Camaro
358 Great Deals out of 31,467 listings starting at $3,495
Used Ford Mustang
332 Great Deals out of 41,501 listings starting at $1,488
Used Dodge Charger
305 Great Deals out of 35,595 listings starting at $1,999
Used Dodge Challenger
156 Great Deals out of 25,864 listings starting at $7,250

Used Cars For Sale

2018 Chevrolet Silverado 1500 For Sale
10 Great Deals out of 85,763 listings starting at $17,963
2017 Chevrolet Silverado 1500 For Sale
217 Great Deals out of 13,840 listings starting at $17,819
2016 Chevrolet Silverado 1500 For Sale
262 Great Deals out of 7,063 listings starting at $16,644
2015 Chevrolet Silverado 1500 For Sale
442 Great Deals out of 11,305 listings starting at $11,494
2014 Chevrolet Silverado 1500 For Sale
441 Great Deals out of 10,249 listings starting at $8,950

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.