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So my wife is asking me to sell my truck. I dont want to sell it but she said if I do I can buy a 53 f100 my dream truck which will fit in the garage.
So now I am trying to figure out what I should ask for my truck. My buddy said to use this formula.
KBB Value of truck + (money invested X .5) = price to ask for.
Is this a realistic number? Because then my truck with both sets of tires and rims is going to be the most expensive f150 I have ever seen ... and will belong in my own "worst CL Deals post"
Frankly the truck is only worth blue book no matter if you put $100 or $100,000. A lot of people on craigslist and such whom go for the "I have this invested in it" saying ends up being flagged or similar because of that fact.
That is the only sad part about us who mod our trucks we will never get what we put into it.
Trav
Who cares what that blue book of lies says. All you have to do is look at similar trucks in your area to get an idea of what they go for. Then throw another $500-$1000 on top of that for your asking price. Now when someone wants to buy it, you can let them talk you down a bit. After the deal is made, they feel good cause they talked you down, and you feel good cause you got about what you really wanted for it anyway, +/- a few hundred.
As for anything that ain't stock like lift, wheels/tires, lighting, etc... you work that out in person with the potential buyer.
Just remember, the truck is only worth what someone is willing to pay for it, not necessarily what you want, so if nobody bites then you're gonna have to lower the price. Now if it gets low enough to where it's better to just keep it, then do so!
Just remember, the truck is only worth what someone is willing to pay for it, not necessarily what you want, so if nobody bites then you're gonna have to lower the price.
I agree with Dixie's edited statement. I have purchased and sold many vehicles through various means over the years. You can start at BlueBook or whatever price but it is best to look at local ads of similar model/year trucks then start there. If you have time you can ask for a boatload of many then wait for a buyer. If you cannot afford the luxury of time then take your lumps and keep lowering the price until you start to get buyers calling.
The market will tell you what price is reasonable.
iv never payed book value for any of the vehicles iv bought over the years.nor will i ever do so.always under book.......im far from being alone.that said,iv never attempted to sell one as high as book value either.
Blue Book is just a guide, nothing more. There is a tipping point in the equation though. What's the point in getting something for say $1500.00 under Blue Book knowing that you're going to spend even more on repairs, tires, and/or maintenance.
Take Brad for instance(hope he don't mind). There is no way that Brad would sell his finished trucks at or below Blue Book, nor should anyone expect him to. It all depends on the sellers reputation and the true vehicles condition.
I traded a tractor for my 92' that was worth about book value at the time. Sure, I could have sold the tractor and bought a cheaper truck and saved a few bucks , but I guarantee you it would not have been barn stored and in like new condition.
12-11-2014, 11:25 AM
