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KBB, NADA & Edmunds used vehicle value estimates are often wildly different. Recently looked up an Econoline van & found a hilarious price difference between KBB values for standard & extended lengths.
With such big differences for typical vehicles, tend to take their estimates for unusual vehicles With a Grain of Salt.
Wonder what range of 'Value Estimates' FTE contributors would suggest for a truly minty '98 FORD F-150 XLT 4X4 SuperCab 4.6L, auto, w/only 37,XXX miles?
Thanks, but yikes! Think it's a safe bet to say "$10K" secures the top of the "range of 'Value Estimates' FTE contributors would suggest". Would take buyer who is extraordinarily enthusiastic about '98 F-150 4X4's?
Yes "$15K might be on the high side". However "maybe" in a perfect world, IF it was also 1 of the rare/special 50th Anniversary of F-Series Editions? But alas, this pickup only has the 50th Anniversary sticker on rear window.
Have seen a few ads for these F150's up in the $6,000-$7,500 range, claiming Low Mileage. Was surprised they had over 150,000 miles. Rarely any under 100K.
Seen a few SD's with that kind of mileage around the '01 to '03 range not selling on ebay for $17K-$19K, never seen a F150 that old with those kind of miles. Seen a very few '01-'03 with just under 100K miles but can't remember what they wanted, think it was over $10K asking.
The wild card is how rough were the 37k miles. Was the truck driven cross country leisurely, did it pull a trailer, was the regular maintenance done on schedule?
Nope, not a "wild card" was a 1 owner & has complete history. Window sticker, every receipt, all recalls, each tank of gas logged. Didn't even have a hitch until '08. Original owner didn't get a ball mount & never towed a thing. GE engineer bought it when he retired, health forced him to give up driving.
Originally Posted by dbreckman
The wild card is how rough were the 37k miles.
Doubt it's gone 25 miles in 4WD. Was always garaged. Has had 20 oil changes. That would average out to fresh oil every 1750 miles.
IMHO it would be hard to find a '98 F-150 with fewer, more gentle miles. As I said it's "truly minty". It looks a bit dull from routine washing, but you really have to look close to see any blemishes & it would polish up like a gem. Many 2-3 year old pickups show more wear & tear.
Unless its some limited edition like a Harley or King Ranch, etc.. i doubt you would get over $10,000. Around the midwest, 2000-2001 trucks that KKB lists for $8000, you can buy for under $6000.
Thanks, but yikes! Think it's a safe bet to say "$10K" secures the top of the "range of 'Value Estimates' FTE contributors would suggest". Would take buyer who is extraordinarily enthusiastic about '98 F-150 4X4's?
Yes "$15K might be on the high side". However "maybe" in a perfect world, IF it was also 1 of the rare/special 50th Anniversary of F-Series Editions? But alas, this pickup only has the 50th Anniversary sticker on rear window.
Have seen a few ads for these F150's up in the $6,000-$7,500 range, claiming Low Mileage. Was surprised they had over 150,000 miles. Rarely any under 100K.
What kind of a Wild Card is 37,XXX miles?
Truck is probably worth it..... but trying to get a bank to finance it is another story. All my local banks including the credit union would only go 30 months on my 03' Screw FX4 and i paid $11500 for it. The payment would have been sick so I had to take money out of my IRA. Most people don't have large bank accounts these days.
Around here I'm told banks don't finance vehicles over 10 YO, at least not w/Auto Loans. Banks that will finance require higher interest shorter term loans. However virtually all the 'wholesale' used car dealers essentially are in the business of financing these older cars, at truly "sick" rates. Homeowners able to borrow against a home can get Equity Loans that are more reasonable than Auto Loans.
I've only financed 1 car, a restorable '69 SAAB Sonett, that I rebuilt while unemployed. At this point I have a large enough bank account. Not wanting to deplete it I've also considered using major credit card. Of course the topic isn't about where the money come from, but what the truck is worth. Doesn't matter if smashing a piggy bank is involved.
IMO "Around the midwest" is synonymous w/Rust Belt & most 12-14 YO vehicles already have Terminal Cancer. This pickup is in North central FL.
Tell you what club, I recently purchased a 99 F150 scab 4x4 5.4 with 160k miles on it for 4k. that's basically the same truck you're talking about with 4x the miles and they were harder miles so to your original question 10k - 15k is a reasonable price
To pay 10k+ for a 98' no matter how low the miles it has to be the right person. Also you really have to Love the 97-03 style. Are you plan on selling? If you are someone having to finance would be important I would think. Besides who has equity in there houses these days? LOL
Most 97-03 F150s around here are rust buckets. I ended up picking mine up in Clearwater FL. Flew there and drove her 18hrs home.
Last edited by 00GT; Jul 22, 2012 at 12:22 AM.
Reason: added
"LOL" if you like, but I'm among the millions who have "equity in their houses" & don't owe a dime on it.
Originally Posted by 00GT
Besides who has equity in there houses these days? LOL
Most 97-03 F150s around here (Michigan) are rust buckets. I ended up picking mine up in Clearwater FL. Flew there and drove her 18hrs home.
As I said: "IMO "Around the midwest" is synonymous w/Rust Belt" where "most 12-14 YO vehicles already have Terminal Cancer. This pickup is in North central FL." That it "Would take buyer who is extraordinarily enthusiastic about '98 F-150 4X4's" & also "Think it's a safe bet to say "$10K" secures the top of the "range of 'Value Estimates' FTE contributors would suggest".
Surprised this topic seems to have turned into a referendum on $10K? Was using what a minty low mile '98 might be worth as an example of how wildly different KBB, NADA & Edmunds value estimates range.
You can buy that truck with 150,000 miles for $5000. and drive it another 75-100,000 miles easy. Then you can buy a motor with 100,000 miles for $1500. and do it again. Thats why i say the "LOW MILES- HIGH MILES" is onely $2000- 2500 difference. My 2001 has 230,000 miles in the "midwest" and had no rust other than the rocker panels which i replaced myself... no no rust.