What is my truck worth?
#1
#4
About the only way is to look around at trucks in your area and see what they are SELLING for - not what people are ASKING. Which is pretty hard to do unless you keep calling people that are selling their trucks to ask them
Even NADA or Kelly Blue Book these days are not accurate - everytime the stock market drops people get skittish.
Even NADA or Kelly Blue Book these days are not accurate - everytime the stock market drops people get skittish.
#5
One, nada and kelly blue book haven't been accurate for a decade. The best thing to do would be to look at what dealers are selling their trucks for, maybe go in and see what they'd give you and expect them to mark it up at most 3 grand and atleast 1. that will give you decent range of what to expect.
#6
Yup, what they said. Unfortunately, used truck values are all over the map, but generally painfully low. It is a complete supply/demand thing.
And supplies are very high - extremely high in some places. With lots for sale and not many buyers, you have to drop the price way low to win. When you factor in that some dealers are selling BRAND NEW 1/2 ton trucks for under $15k, that hurts the used market even more.
In my area, a clean stock 99 4x4 reg cab with 5.4 would be lucky to fetch $6K.
And supplies are very high - extremely high in some places. With lots for sale and not many buyers, you have to drop the price way low to win. When you factor in that some dealers are selling BRAND NEW 1/2 ton trucks for under $15k, that hurts the used market even more.
In my area, a clean stock 99 4x4 reg cab with 5.4 would be lucky to fetch $6K.
#7
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#10
I was just doing some research for myself.
It is absolutely a buyers market for large vehicles right now.
BUT, gas prices are plummeting. Americans are famous for quickly forgetting lessons learned. So demand should go back up for big trucks.
But the economic conditions make it very difficult to predict when. The best indicator may be to watch the factories. As long as huge discounts, low interest rates, and easy loans exist, the used market will suffer. As soon as they go away, used demand will surge.
It is absolutely a buyers market for large vehicles right now.
BUT, gas prices are plummeting. Americans are famous for quickly forgetting lessons learned. So demand should go back up for big trucks.
But the economic conditions make it very difficult to predict when. The best indicator may be to watch the factories. As long as huge discounts, low interest rates, and easy loans exist, the used market will suffer. As soon as they go away, used demand will surge.
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V10KLZZ71S
1973 - 1979 F-100 & Larger F-Series Trucks
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12-27-2002 09:14 AM