I saw a 2009 fully loaded Plat for sale on a dealers website. They are asking 26 and change for it, the original sticker for it was 48 and change. The truck has 87000 on it (must be all highway, to have that in just a couple of years). I plan to look at it and will try to get them lower on the price, but just wanted some input from everyone. This truck is flipping gorgeous.

 

I wouldn't even be tempted to look at one with that many miles on it at that price. Just too many things that can go wrong on a high mileage vehicle.

 

What did KBB say? Personally I think that's too much with that many miles. I'm all about checking how much it's worth and then taking 2-3k off that price. Look around on AutoTrader to see if you can find a similar one, then email the dealerships to haggle price.

When one gives you a quote forward it to the other dealer and ask if they can do better. Eventually you will get the absolute lowest price they will sell it for. Most internet sales are more about quantity of vehicles sold vs. profit. When you finally agree on a price have them send you a bill of sale on the agreed price.

Finally keep all these emails and bill of sale and print it out to take it into the dealership when you pick up the truck. That way they can't pull anything funny.

I bought my car this way and it was the best car buying experience I have ever had. Personally I don't like to haggle price with a salesman but when you are just emailing it's easy to say meh that's too much what else can you do. Plus your in the comfort of your own house and there isn't a sense of urgency. You have time to work the numbers on your own and take time to think it through.

Good luck, let us know how it goes.

 

That does seem like a lot of money for that many miles.

 

If it is a Ford dealership then I would buy it-high mileage trucks if properly maintained should not be a problem-I always buy the ESP just in case. I have found that a Ford dealership will only keep the best of their trades and send the rest to auction. My 2009 has it this time 59K on it and not a speck of trouble but then anything it needs it gets ASAP. Chris

 

IMO, 26K is way too much money for a 2 year old truck w/87,000 miles on the clock, plus the tax and license will prolly add another 2K. Then there are the finance charges, if not paying cash.

Around here, you can buy a new 2011 XLT Super Crew w/a MSRP of 34K for 26K. I just bought a new 2011 Lariat, MSRP of 40K for 36K OTD (out the door-includes tax and license).

If buying one, chisel the he!! oughtta the ESP Warranty's. These can have a markup of between 40-60 percent!

 

WAY too many miles. Assume you buy the truck, drive it for a year, and end up in a position where YOU have to (or want to) sell a 3 year old truck with 100k+ miles on it. How many people do you think are going to be lining up at your door unless you are selling it for less than, say, $15k? "Gorgeous" is meaningless if the perception is that the truck is getting worn out. Or imagine driving into a dealer a year from now and asking them what they would give you in trade for your 100k mile truck. Maybe $10k, and they will have a straight face...

$25k is right about at my top limit for a NEW vehicle. Spending this kind of money for something with 87k miles on it (which will need new plugs soon, may need new brakes and bearings, as well as other 100k mile service items) makes zero sense to me. Settle for less equipment and buy a new one.

If you don't need a big engine for towing, consider a 3.7--gas is on its way up bigtime and that will trash the value of trucks like it did in 2008. I have a lot of friends who basically "gave away" nice trucks in 2008.

George

ps--I will also note that the truck itself would be good for 200-300k miles without *too* many problems in the major drivetrain kind of areas, but the more gingerbread you have on the truck, the more little stuff there is to fail down the road. Especially electronic gadgetry.

 

High well maintained mileage doesn't hurt these late model trucks but $26,000 does sound a bit high for that many miles.

 

That truck was already gone, so I am waiting to hear about the financing about an '11 XLT with the 5.0.

 

That's a better move, imo. Good luck.

 

You'll be better off with a new truck anyway. Used car inventory is lower and prices are higher. Dealers are stocking higher mileage vehicles these days as opposed to a few years ago since the inventory is low.

A used truck translates into no incentives, higher financing rates, limited warranty coverage, high probability of repairs and maintenance issues, and lastly, you'll never get out from under it till you pay it off.

 

Thank you all for your opinions. I was hung up on the mileage on that truck too, I think it was just the opportunity to get a plat for that little. I do believe I will be much happier with the new XLT(if it all goes through), at least I will know where that truck has been.

 

Good luck with the deal on the new XLT, Mikey. I think this will be a much better choice for you in the long run.

And I'm personally a fan of less power equipment and electronics on trucks (and cars, for that matter)...less stuff to break in the long run and no effect on the actual function of the truck.

George