Like the other fella said, "a trade-in worth 7,000" Also, you have to remember the incentives are very high right now on new vehicles. For instance, I can trade for a new '03 Silverado and get the following: 3,000 rebate, 1,000 Chevy/Gm Loyalty, and they just announced an additional $750 cash back. That is a total of $4750. However, all of these incentives tend to make the value of your trade-in go down the toilet. The local Chevy dealer has an '03 Silverado 1500 4x4 long bed with the 5300 V8, towing pkg, cruise, a/c, rubber floor, etc. , and I have been thinking about going down there to see what he can do for me on trade. The way it is set up, it would make a great work truck for me. I love my current Silverado, but it is only a V6, and I am longing for more power to pull my trailer around. Also, it is really a pretty truck, and I hate to beat it up. The new '03 is pretty much a plane-jane truck, but still looks decent. I should probably just keep what I have and probably will, but I may check into it anyway. Best of luck.