Truck Value

[OFC Ranger]

This thread is for entertainment purposes so take it tongue in cheek if you will. While there are some universal truths to trade-ins and resales everyone still has a somewhat unique idea of the value of something I'm just curious what people here think.

The amount I am going to give you is a face value amount that basically equals the NADA value under each scenario and then spent cost on all the additions. The add-on cost is going to reflect the original price and not the price that one would pay today which would be more due to everything going up.

Private Sale Face Value: $45,000

Trade In Face Value: $40,000

17,800 miles on the odometer.

Yeah we all know that the private sale face value could possibly happen it could also possibly be more with the right buyer or it can simply be less.


We all know the trade in face value especially when it comes to additional parts is probably not realistic in the slightest.

So again the question is in your opinion even if that means my s*** is worth $1 to you what is your opinion. I get there are all kinds of variables that go into this sort of thing but if you just had to pick a number throw it out there I'm just curious what people think.

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[KJRR]

$80,000. Can we discuss price gouging?

 

[Synfulz]

My 2020 with only 7k miles is 1.1 MILLION pesos. Ok, about $20,500.?

 

[Dgc333]

A few truths when it comes to used car buying or selling;
1. Everyone thinks their car is worth more than they can reasonably expect to get.
2. Dealers don't use NADA or Blue Book for establishing trade in values. Their sources are typically 50% less than those sources and are based on what they can get at auction.
3. Modifications to a vehicle do not add value and in the case of a trade in can/will reduce the value by the cost of returning the vehicle to stock.

 

[Joeiconic]

A few truths when it comes to used car buying or selling;
1. Everyone thinks their car is worth more than they can reasonably expect to get.
2. Dealers don't use NADA or Blue Book for establishing trade in values. Their sources are typically 50% less than those sources and are based on what they can get at auction.
3. Modifications to a vehicle do not add value and in the case of a trade in can/will reduce the value by the cost of returning the vehicle to stock.

Agree with this. I think a lot of mods to a vehicle likely reduces the value in trade-in to a dealer because the mods greatly narrows the dealers resale market as compared to a stock truck. They know they will have to find a very specific buyer that wants the mods. Also, the mods will limit their ability, or willingness, to offer an extended warranty to the next buyer, etc. You would probably do better in a private sale if you can find a buyer that wants what you have done.

 

[Max Crafter]

to me there is value in some of your mods.
Not your decals though.
Your custom rack and lighting is cool, but in no way I could value it at the cost you put into making it.
I'd be on the fence keeping any of it, therefore the value to me drops even further.

My lowball offer would probably offend you.

 

[OFC Ranger]

A few truths when it comes to used car buying or selling;
1. Everyone thinks their car is worth more than they can reasonably expect to get.
2. Dealers don't use NADA or Blue Book for establishing trade in values. Their sources are typically 50% less than those sources and are based on what they can get at auction.
3. Modifications to a vehicle do not add value and in the case of a trade in can/will reduce the value by the cost of returning the vehicle to stock.

The dealer I am getting my Raptor from kind of threw me for a loop. I told them my plan was to salvage what I could for the new truck, sell what I couldn't, and trade in as close to stock as possible. (85% of the OEM parts I replaced I still have).

They told me they want to buy my truck as-is, that they have a client base for that stuff. I told him no way they would give me the value equal to say, me parting out and selling privately. They told me I might be surprised. Which faintly makes sense with factory packages like Roush out there.

I am going by sometime this week for them to look at it in detail. Should be entertaining at the minimum. lol

There are a few items I am kind of dead set on keeping anyhow. While decked bed systems are not universal drop in products, I can make it work swapping from a 19 to a 24 Ranger with having to create a few adapter brackets at worst. I picked mine up in a great used condition for $500 from another user here. Would kind of be foolish to let it go and have to replace it with a $1600 new one.

That and my RCI base bed rack, which I will need for the new rack design (moving to extruded 8020 aluminum materials).

 

[D Fresh]

2WD XLT right?


Hard for me to say as both of those numbers look retarded high to me and I personally would never buy a 2WD truck.

That being said, if pricing was in line with others in the area, and if I were interested in the truck I'd be willing to pay only a bit more for mods.

I like your wheels a lot, the rack I have no use for, the lights are OK, but as you know I'm a brand whore in that regard, and most of the side/rear stuff I have no need for.

I'd pay perhaps $1k more for the mods on your truck. And that's only because I like the wheels. If I didn't like the wheels the mods would add zero value to me.

 

[Fordup]

Right now my dealer has a 23 loaded Lariat on the lot that can be had for a couple dollars over 45k and (8) xl and xlt in the 40k range. Plus I think there is some kind of 3% financing avail till the end of this quarter along with a list of rebates for other things that can be added. In the price range you are in I definitely would go with a vehicle with a bumper to bumper warranty. Actually mods on a used vehicle scare me because usually it means the vehicle has been put through extra stress and hard to find replacement parts. In some parts of the country used prices have held at higher levels and in other areas they seem to be falling so location matters. I think many are waiting for the refresh models from all manufacturers and if they ship on schedule not many will want an older generation midsized truck. A couple months can make a big difference in the economy we are in.

 

[ppfd]

Jack,
I typed a book at work last night as I am literally paid to play online while at work

It’s fathers day and I’m half lit ? So I can condense my BS

Dude, you are a master idealist, designer and craftsman
You have made a truck that 95% won’t buy.
obviously you can strip it down and mount the parts to your new ride
Sell the add ons after you take them off for Pennie’s on the dollar
Trade it in as is and hope for the best.
I think the 2 wheel drive is going to kill you the most. Every granddad around me that fucks up traffic doing 10 in a 35 and never goes more than a 5 mile radius from home has a 4 wheel drive 4 door truck.
You pick the brand, model and trim and pops or some high school kid is driving it.
Again my message is with as much respect as the internet allows
Plus I’m 4-6 beers into a case over the last 2 hours ?

 

[OFC Ranger]

Hey now there's still somewhat of a market for PreRunner style setups.

Less expensive parts to break. ?

 

[Langwilliams]

I looked into a bronco the other day. KBB or one of those sites said my ranger was worth 28K. 4x4 xlt extended cab with a nice hard bed cover. The dealer offered 25K for it on trade if I order. Broncos are usually sold before they arrive an they didn't have any new or used rangers at the place I stopped. Another dealer near me has 1 ranger an no broncos. I wonder if I were looking at an in stock F-150 if they'd offer me a little more to move one.

 

[Motorpsychology]

I sold new & used for 11 years before driving OTR semi. I worked at mostly Ford and Ford L-M stores. All trades are loosely based on wholesale value, often referred to as loan value from Kelly Black Book and/or NADA Used Car Guide (not law, not Bible: guide) and a test drive to determine what it might need to be legal or sellable: tires, exhaust, brakes, etc. Other factors could include the number of similar vehicles on the lot for bigger lots, or the desirability of the unit. A fourth CallowayTurbo 'Vette, or a fourth Chrysler 200 could swing the number either way. Sometimes a salesperson might have another customer who is looking for a vehicle like the prospective trade and that can bump its value. But you never know the trade value until it's filled in the blank on the purchase agreement.
The first dealership I worked at had a used car manager named Harley. We occasionally would get customers with trades that insisted we appraise it "By the book!" Some even had an NADA guide that was lent (went missing?)to them. Well alrighty then! Here is a hypothetical episode on how such situations might be handled:

First, Harley took the book, usually a blue and yellow NADA guide, opened it to the title page and pointed out the disclaimer that this is only a guide, may not reflect actual transactions, etc. Then the glossary explaining Retail, Trade in, and Loan(wholesale) values and finally, where it talked about deductions for milage, missing popular options, repairs and reconditioning,
"Now we're ready to appraise your trade in, 'by the book'. Your book." he says. He pulls out a pocket notepad and walks around the car, inspecting it like it was Air Force One, noting every door ding, scratch, and blem. The test drive was harsh, and ended with a trip into the shop hoist for a look underneath. "Gonna need tires, lookit that oily shock, oilpan gasket's shot..." on and on. Hands the notepad to the parts guy and says, "figger up the cost for all this stuff." To the customer- "We're gonna go by our book, too!" We get back to the office and he hands the poor guy back "his book" and asks him what he wants for it. "Ooff. I don't know about that!" Then he'd send me back to the Parts Dept to pick up the estimate filled out on an internal memo: part numbers or inventory numbers and all. "Now see, your book says the trade value is 10,000, but it also says we gotta deduct 800 for the milage on it, no cassette player 75, crank windows 25; (this was the 80's)..." Every trivial deduction imaginable. "...Now we're at 8600. But lookit this here parts estimate: tires, fill the A/C, shocks etc: 1500. Wow! Now you can get these things rectified, and I'll give you the full trade in value, or, I'll take it in for the by-the-book value. I didn't even include the labor cost in the repair deductions, which you'd have to pay so that's a pretty good deal right there. But if you want that new car today, I'll go another 200." In reality , It never went down quite as crudely, but more often than not it is the only way to put a pompous customer into a new car. Dealers were spending a legitimate average of $460 internal cost on every used car at that time, maybe more than double that today, Spend for tires? Yes. Exhaust?Absolurtely. Dim radio display? probably not.

Some more dealer comebacks:
Customer: "My bank says my car is with $5,000 more than that!"
Sales: "Are they buyers? Tell them I said their loan interest should be half what the quoted you."
C: I know this game! I've bought 20 cars in my life!
S: "What a coincidence! I sold that many last month!"
C: "We have to think it over."
S: "Of course. I'll just step away for some coffee. I'Il be back in 10 minutes."
That last one worked surprisingly well. I can remember only one customer ever walking out. Half the time they would realize that nothing was really going to change and make a decision to buy. We would point out that actually, they've already thought it over. They did some research, checked their finances, narrowed their price range, and made going to the dealership a priority for that day. The other half I'd let them gracefully leave, but seldom they would ever come back.

 

[9zero1790]

if i owned a dealership the spec r3 truck could be a good piece to have around sort of a show customers what can be done type of thing. esp if the dealer does any add on or custom stuff. a lot of big dealers have an "accessories" sales person hit you before you sign the papers to try sell you custom wheels or window tent etc.
sadly in terms of money one almost always looses money on mods.

 

[OFC Ranger]

if i owned a dealership the spec r3 truck could be a good piece to have around sort of a show customers what can be done type of thing. esp if the dealer does any add on or custom stuff. a lot of big dealers have an "accessories" sales person hit you before you sign the papers to try sell you custom wheels or window tent etc.
sadly in terms of money one almost always looses money on mods.

Not almost always, just always. haha

The forum user I bought the decked system from he generally sells for 30% below new on his used parts. Pretty realistic outlook. Hard pill to swallow that for every $10,000 you sink, you can maybe squeeze $3,000 back out.

My truck will probably be scavenged and traded in (I will attempt private sale as stock first). The one thing that is a PITA with car parts, unlike say other "collectable" resale items is the size. Shipping auto parts in general is just a huge ball buster.

Even things like guns are vastly easier to sell when shipping is involved than this stuff.

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