Could Now be the Time to Buy a First-Gen Ford Raptor?
As with most multi-generational vehicles, there comes a point when resale value drops, and there comes a point when resale value goes up. As the second-generation Raptor nears its sales debut, the original truck’s resale value is bound to fluctuate; in your favor.
While you won’t necessarily buy a 2011 Ford F-150 Raptor for half-off the traditional resale value, it wouldn’t surprise me one bit to see values drop a few grand off the regular retail price. Take for example this stunning blue 2011 Raptor with under 40,000 miles in the odometer selling for right around $40k. This truck prior to the 2017 Raptor craze would’ve hovered around the $46k mark. Even more important, wait until January 2017 and that price may drop even more.
Why the change? Well, for starters, the truck is getting older, and someone who can drop nearly $50k on a pickup truck, will most likely opt to spend a tad more and get themselves the latest and greatest Raptor. It wouldn’t make any sense to buy the first-gen truck for less than a $10k difference.
While it’s a fact that prices will drop for the older trucks, it’s also likely they won’t remain low forever. In fact, most coveted performance vehicles (including trucks) initially drop as their newer counterpart replaces them, but prices eventually raise as well-maintained and low-mileage samples disappear off the market. Think about it, the new Raptor comes out and the old Raptor drops in price, so lots of people buy them up. Then, people that eventually want a babied first-gen truck have to look harder and therefore pay more money for a prime example. Supply and demand.
In the end, the next six to 9 months may be the prime time to get into a first-generation F-150 Raptor. Not only will lots of owners sell theirs to buy the new truck, but dealers and individuals will be selling them for the lowest prices in a very long time.
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