Officially a Ranger Owner

[JimG_AZ]

Exactly...
I could see that as a fun hobby, I have a drone and RC boat now. Do you need a license for the planes? I found out I need one for my drone cause of the size. I guess each state has different rules. Easy to get a drone license online.

Yes, the same license/registration as the drone. See if there is an RC airplane club and in your area and then pay them a visit. LOL, I'll warn you now, RC airplanes have a habit of multiplying like crazy in the garage. My wife commonly complains about how there seem to be more planes in the garage than the last time she complained.

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[JimG_AZ]

Well, a few hours before the Super Bowl, I sold my 2011 Tacoma for $21k. i had promised my wife that I would get over $20k for it and we targeted $21.5k. Once someone showed up with a solid $21k offer, I took it. But now this leads to a very interesting discussion topic. WTF was the Ford dealer thinking when they offered $15k for it and held firm? They tried to justify the $15k offer by:

1. They would have to do all sorts of reconditioning to it - About the only reconditioning that would have been done was a wash, minor detail, and an oil change.
2. The vehicle was 11 years and they would have trouble qualifying buyers for a loan. They would need a buyer with a significant down payment - Yes there is some truth to this. Some banks do not loan on vehicles that are 10 years or older. But I am not buying it for a second that a dealers finance guy could not get qualified buyers financed on a 11-year-old truck. Let face the fact that they have financing resources that most individuals do not have.
3. Vehicles that have over 100k miles are very difficult to sell - Okay, the Tacoma has 102,700 miles on it. Maybe this was true in the 70's and 80's, but in modern times. So from looking at the info on OfferUp, I had 1466 views and 16 conversations. This was listed 4 nights ago.

I usually try to trade in vehicles, and I usually end up bringing them home and selling them on the street. But typically the dealer ends up coming in @ $2k under my bottom line. In this case, we were targeting $5000 - $6500 more than they were offering. Plus they had the advantage of using the sales tax break on a trade-in to their favor. Due to the tax break, a $19,500 offer would have netted me close to $21,000. I could have seen them holding firm in the $18k range, where they would have made a nice profit on the trade, if I had agreed to it. But I am baffled that they left this much money on the table.

 

[Danager]

The biggest issue is likely the age. A car loan on a vehicle over 5 years reduces the term or increases the interest rate (typically). Buying a vehicle that was a bit older, and a bit higher KM was like speculating. They just weren’t all that interested.
Glad you had a quick sale and are happy with the terms.

 

[VTRanger]

Well, a few hours before the Super Bowl, I sold my 2011 Tacoma for $21k. i had promised my wife that I would get over $20k for it and we targeted $21.5k. Once someone showed up with a solid $21k offer, I took it. But now this leads to a very interesting discussion topic. WTF was the Ford dealer thinking when they offered $15k for it and held firm? They tried to justify the $15k offer by:

1. They would have to do all sorts of reconditioning to it - About the only reconditioning that would have been done was a wash, minor detail, and an oil change.
2. The vehicle was 11 years and they would have trouble qualifying buyers for a loan. They would need a buyer with a significant down payment - Yes there is some truth to this. Some banks do not loan on vehicles that are 10 years or older. But I am not buying it for a second that a dealers finance guy could not get qualified buyers financed on a 11-year-old truck. Let face the fact that they have financing resources that most individuals do not have.
3. Vehicles that have over 100k miles are very difficult to sell - Okay, the Tacoma has 102,700 miles on it. Maybe this was true in the 70's and 80's, but in modern times. So from looking at the info on OfferUp, I had 1466 views and 16 conversations. This was listed 4 nights ago.

I usually try to trade in vehicles, and I usually end up bringing them home and selling them on the street. But typically the dealer ends up coming in @ $2k under my bottom line. In this case, we were targeting $5000 - $6500 more than they were offering. Plus they had the advantage of using the sales tax break on a trade-in to their favor. Due to the tax break, a $19,500 offer would have netted me close to $21,000. I could have seen them holding firm in the $18k range, where they would have made a nice profit on the trade, if I had agreed to it. But I am baffled that they left this much money on the table.

I would say it's the age and mileage like others mentioned, but they did the same to me on a 2019 WRX with 13K miles on it. They started at $23K and I was like - no way, give me my keys back, and I walked out. I returned from talking to my wife on the phone outside and eventually after showing them another offer for $25,500 they matched it. Then they ended up just selling it off to another dealer.

I guess they are on the phone finding a buyer while you are sitting there waiting for a quote?

Someone mentioned to me that you can still get the tax break even if you don't trade it in, not sure how that works though.

 

[JimG_AZ]

The first offer I received on my Tacoma was from a local used car lot for $20k pending an on-site appraisal. I turned it down, so I never made it to the point of having them look at it.

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