What's it worth?
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Laughing Gas
Joined: May 2003
Posts: 1,148
Likes: 1
From: Richmond, VA
What's it worth?
The truck: 2000 F 350 , 47,000 miles. Lariat, leather, 4X4, crew cab, 8' bed, power group, 4:10 rear limited slip, split bench, elect transmission, 7.3 diesel, tow package, etc.
Problem: the truck has a custom fiberglass trim that has two obvious cracks forward of the right rear. One is 3" the other about 2". The tires are shot. The step on the driver's side has heavy chipping in the fiberglass next to the rubber pad. The driver's seat has noticable wear and the steering wheel has heavy wear. The black edging around the wheel wells is fallling off. Mechanically all seems well. No professional PPI done.
Per KBB the truck rates "fair" which puts it at $24,280.
NADA shows trade in at $25,400.
The seller wants 25,600 with the added security system which ties in with a remote start. He'll drop to $25,000 without the system.
How costly is it to repair fiberglass?
Thanks,
Reg Robinson
Problem: the truck has a custom fiberglass trim that has two obvious cracks forward of the right rear. One is 3" the other about 2". The tires are shot. The step on the driver's side has heavy chipping in the fiberglass next to the rubber pad. The driver's seat has noticable wear and the steering wheel has heavy wear. The black edging around the wheel wells is fallling off. Mechanically all seems well. No professional PPI done.
Per KBB the truck rates "fair" which puts it at $24,280.
NADA shows trade in at $25,400.
The seller wants 25,600 with the added security system which ties in with a remote start. He'll drop to $25,000 without the system.
How costly is it to repair fiberglass?
Thanks,
Reg Robinson
Postmaster
Joined: Nov 2001
Posts: 4,742
Likes: 8
From: OK
What's it worth?
IMO it's difficult to get "heavy wear" on the steering wheel in only 47,000 miles. Are you sure it's not 147,000 miles?
Either way, the used vehicle market is VERY depressed right now. KBB & NADA do not account for this glut of used vehicles so their prices are too high (for now). I think you could pick it up a little cheaper since it's obviously been "used".
Either way, the used vehicle market is VERY depressed right now. KBB & NADA do not account for this glut of used vehicles so their prices are too high (for now). I think you could pick it up a little cheaper since it's obviously been "used".
Senior User
Joined: Apr 2003
Posts: 196
Likes: 0
From: Greensboro
What's it worth?
I agree with NoMo. I see used PSD's with low mileage going for less in the paper every day.
The heavy wear on the steering wheel is a common problem and doesn't reflect the true miles on the truck. Just refer to other posts regarding this problem on low mileage vehicles. I have 31K on my Lariat and have this exact issue.
I would continue to scour the market or haggle for a better deal.
The heavy wear on the steering wheel is a common problem and doesn't reflect the true miles on the truck. Just refer to other posts regarding this problem on low mileage vehicles. I have 31K on my Lariat and have this exact issue.
I would continue to scour the market or haggle for a better deal.
Thread Starter
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Laughing Gas
Joined: May 2003
Posts: 1,148
Likes: 1
From: Richmond, VA
What's it worth?
The seller has offered to let everything go for $25,150. He dropped the price $350 to cover the fiberglass repair and will have the interior detailed. I could have him remove the remote start for another $500 drop.
I don't know where the glut of used vehicles is. It is not here. Finding a 4X4, diesel, crew is near impossible here whether retail or private. I know new car incentives are still climbing, but that still puts these trucks in the mid to upper thirties.
I had a Carfax run and all came back clean.
Thanks,
reg
I don't know where the glut of used vehicles is. It is not here. Finding a 4X4, diesel, crew is near impossible here whether retail or private. I know new car incentives are still climbing, but that still puts these trucks in the mid to upper thirties.
I had a Carfax run and all came back clean.
Thanks,
reg
Posting Guru
Joined: Mar 2003
Posts: 1,943
Likes: 0
What's it worth?
I would say walk away. If he is only dropping the price 350 for the glass repair, keep in mind that glass repairs usually run about $100--AN INCH!!Tell him 14 or sell it to someone else. He'll take it because as has been said, the used car market is way down right now. He may haggle a lot-if he does, just leave and maybe come back the next day. Tell him the dealer across town has one for less that you want to look at. Tell him you're going to go look at a chevy(sacrelige, I know
)Especially where I live, you can get the dealer to give you a lap dance to keep you from going to their competitor.
)Especially where I live, you can get the dealer to give you a lap dance to keep you from going to their competitor.
Last edited by cwb; May 28, 2003 at 02:06 PM.
Laughing Gas
Joined: May 2003
Posts: 1,136
Likes: 1
From: Scenic Wisconsin
What's it worth?
I agree with CWB - walk away and check back in a week or so. There is no way he will have sold it.
I really think you should be able to get one in very good to excellent condition for less than his asking price. You may have to travel a bit to find one.
The problem with private sales of newer vehicles is the guy may be upside down and not willing to lose money, even if the value of his car or truck is lower than his bottom dollar.
The used vehicle glut is real. Ignore car dealer comments about this - I have never heard one, ever, say that business is crappy!
And ignore what KBB and NADA say about values - they are way behind the curve lately. Two weeks ago, I bought an '02 with less than 13,000 miles for several hundred bucks under KBB's trade-in value!
The key is to be patient and ready to buy when the right deal comes along - they always do.
I really think you should be able to get one in very good to excellent condition for less than his asking price. You may have to travel a bit to find one.
The problem with private sales of newer vehicles is the guy may be upside down and not willing to lose money, even if the value of his car or truck is lower than his bottom dollar.
The used vehicle glut is real. Ignore car dealer comments about this - I have never heard one, ever, say that business is crappy!
And ignore what KBB and NADA say about values - they are way behind the curve lately. Two weeks ago, I bought an '02 with less than 13,000 miles for several hundred bucks under KBB's trade-in value!
The key is to be patient and ready to buy when the right deal comes along - they always do.
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Thread Starter
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Laughing Gas
Joined: May 2003
Posts: 1,148
Likes: 1
From: Richmond, VA
What's it worth?
Thanks all,
I told him to take the truck to a body shop and let them estimate repairs thus eliminating guesswork.
I figure if he does he is trying to be honest if not he knows the $350 is out of line.
The truck has other nice options such as dual rear, dual exhaust, remote start, etc. Most of it however is fluff.
Reg
I told him to take the truck to a body shop and let them estimate repairs thus eliminating guesswork.
I figure if he does he is trying to be honest if not he knows the $350 is out of line.
The truck has other nice options such as dual rear, dual exhaust, remote start, etc. Most of it however is fluff.
Reg
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