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We're Living in the Twilight Zone (Truck sold in 10 seconds)

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bstar1952

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With the economy tanking and gas prices what they are, we decided to sell our 2020 Ram 2500 that I brought in Sept '20 (for $43K), along with our Travel Trailer. Posted on Craigslist this morning and within 10 seconds (not kidding) had a buyer and sold for $47K. I've traded or sold probably 25 vehicles in my life and trust me, I've never made a penny, in fact usually lose a few bucks. Truck is a gasser, level 2 trim Tradesman with 7,000 miles. Be a nice down payment when/if the economy normalizes and '21 and '22 model trucks start arriving at dealers. We're in no hurry so no biggie for us. All I can say is WOW!, $4K more that paid after 2 years is crazy.
 
Must have been a good deal. I saw a '20 listed near here with 40k-some miles listed for around 46k. Sticker was $43k. I built a new one on the website just to see and it was over $60k. Prices are crazy right now. You probably could have listed it for another $5k easily based on that response.
 
It is crazy! I hope this insanity continues for a few more months. I will be selling my 2020 2500 6.4 when my new 3500 6.7 arrives and hope to end up with a sizable down payment. A KBB search has instant offers for more than I paid for it two years ago - that is nuts!
 
yep - we bought a 2021 2500 6.4 in April last year...right before prices got stupid. sticker was $48k and change and paid $42.5k....that exact same truck is right at $55k MSRP now....just unreal
 
Congrats! Traded my 2019 6.4 Bighorn for $4K more than I paid for it.
 
I have flipped 3 brand new Ram dually since late 2020. The last one i ordered I had 32 thousand down and that is all from selling the others. I will enjoy the market while i can. It's gonna crash, eventually.
 
bstar1952 said:
With the economy tanking and gas prices what they are, we decided to sell our 2020 Ram 2500 that I brought in Sept '20 (for $43K), along with our Travel Trailer. Posted on Craigslist this morning and within 10 seconds (not kidding) had a buyer and sold for $47K. I've traded or sold probably 25 vehicles in my life and trust me, I've never made a penny, in fact usually lose a few bucks. Truck is a gasser, level 2 trim Tradesman with 7,000 miles. Be a nice down payment when/if the economy normalizes and '21 and '22 model trucks start arriving at dealers. We're in no hurry so no biggie for us. All I can say is WOW!, $4K more that paid after 2 years is crazy.
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Mark Dodge in Lake Charles, LA (~11% under MSRP dealer) is only 386mi away from you, get your order in! :cool:
 
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Inflation aside, economy looks pretty good right now IMO. I'll be concerned when prices start dropping, and inventory starts building. Stock market not so much however, but that's fine with me. I'll keep buying as it keeps falling.

I'm definitely glad to not be in the car market at the moment though. Considered selling my truck a few times, probably could be have made a few bucks for sure, but then I'd have no vehicle.
 
mcarey said:
Inflation aside, economy looks pretty good right now IMO. I'll be concerned when prices start dropping, and inventory starts building. Stock market not so much however, but that's fine with me. I'll keep buying as it keeps falling.

I'm definitely glad to not be in the car market at the moment though. Considered selling my truck a few times, probably could be have made a few bucks for sure, but then I'd have no vehicle.
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According to my advisor, I'm apparently buying all the way to the bottom, wherever that is. I should have kept it all in cash when I had to do a job change rollover.

I've lost $300K since Dec 21. I was going to retire FT and go contract PT next Jan, that's not looking too good right now. If I was 5 or 10 years from retirement, this current market would be great.
 
Brutal_HO said:
According to my advisor, I'm apparently buying all the way to the bottom, wherever that is. I should have kept it all in cash when I had to do a job change rollover.

I've lost $300K since Dec 21. I was going to retire FT and go contract PT next Jan, that's not looking too good right now. If I was 5 or 10 years from retirement, this current market would be great.
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Yeah, I'm only 36, so I'm rather OK with this. My "personal" brokerage account is actively getting slaughtered. I have a handful of positions that are too large to comfortably exercise, and at status quo are very likely to expire worthless. But I've also pivoted and started dumping more money into indexes and buying more common shares outside of my typical tech-based sector. I don't care to look at my 401K though.

I also like to remind myself that in 4/20 people were hammering about how this was the end of the world, and we bounced back very quickly. Different circumstances today, obviously, but all the FUD reporting is not much more than guesses as to what will happen. And we all know how great people are at predicting the markets.
 
I posted my 2014 EcoDiesel Tradesman last night on FBMP and CL. It sold today..
>160k (miles, not km), great condition. Listed it for $19,950. Got full price. Good times.
And yes, I’ve lost a load of personal wealth with the market going down the crapper, but I’m still dumping about $25k in every year (pre-tax) and pretty confident that it will bounce back. I’m 58…..


Sent from my iPhone using Tapatalk
 
mcarey said:
Yeah, I'm only 36, so I'm rather OK with this. My "personal" brokerage account is actively getting slaughtered. I have a handful of positions that are too large to comfortably exercise, and at status quo are very likely to expire worthless. But I've also pivoted and started dumping more money into indexes and buying more common shares outside of my typical tech-based sector. I don't care to look at my 401K though.

I also like to remind myself that in 4/20 people were hammering about how this was the end of the world, and we bounced back very quickly. Different circumstances today, obviously, but all the FUD reporting is not much more than guesses as to what will happen. And we all know how great people are at predicting the markets.
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I'd probably be worse off had my money not moved (rollover) a couple times. That said, had I got busy and rolled it sooner, and let it sit in cash in an IRA, I would have cut my losses by about $125k.

Company acquisition (I've been through 4 of them since 1992) forced a move. I rolled a substantial 401K to a new advisor managed IRA with a well known and trusted acquaintance for 20+ years. Not long after the move and he started reinvesting from cash to the market (about 20% of my portfolio), he jumped ship from Merrill to Rockefeller and I had to roll it again. SEC rules of course wouldn't let him tip me off prior. Back to a cash position with a slow roll back into the market. On both rolls, I actually missed a few bumps. The company 401K I basically started from scratch Jan 1 is also of course getting slaughtered. Their pitiful and capped "contribution" is discounted company stock (publicly traded fortune 150) and not so hot either.

I think my one and only stock option grant was at 171. LOL.

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You big ballers, lol. If I had spent as much time on forums for finance as I have on diesel truck message boards over the last 20 years my last name would be Rockefeller :rolleyes:
 
bigrobtemp said:
I have flipped 3 brand new Ram dually since late 2020. The last one i ordered I had 32 thousand down and that is all from selling the others. I will enjoy the market while i can. It's gonna crash, eventually.
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I thought about ordering a new truck and when it arrived, just order another one then flip the previous truck but figured I'd have a hard time making enough to cover the sales tax that I'd have to pay at each sale. I was lucky enough to trade in a year old 3500 last month on my '22 and got more for the '21 than I gave for it but figured if I kept trying to do that, this truck bull market would probably crash by the time the next new truck arrived. If KS had different sales tax rules it would be easier.
 
I would have got a newer Tradesman if I could have found one for a decent price, but all I could find was a fairly loaded PW instead - cost a lot more than that, though. I'm thinking you could have got more. Trucks are nuts right now!
 
Blythkd1 said:
I thought about ordering a new truck and when it arrived, just order another one then flip the previous truck but figured I'd have a hard time making enough to cover the sales tax that I'd have to pay at each sale. I was lucky enough to trade in a year old 3500 last month on my '22 and got more for the '21 than I gave for it but figured if I kept trying to do that, this truck bull market would probably crash by the time the next new truck arrived. If KS had different sales tax rules it would be easier.
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You pay tax on the sale side?
 
Got 15k more than new sticker, for an almost 11 year old Ford last Sept.
Schwab is doing a great job and always has.
 
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