resale value
#1
resale value
Does the resale value drop more than usual when a complete redesign of your model occurs? The reason I ask is because I have a 14 RAM 3500 crew cab diesel and was planning on keeping it until around 2019 which is when I have heard they will redesign their Heavy Duty trucks. Would it be smarter for me to get rid of mine before the new models are released or will it not make much difference?
#2
Does the resale value drop more than usual when a complete redesign of your model occurs? The reason I ask is because I have a 14 RAM 3500 crew cab diesel and was planning on keeping it until around 2019 which is when I have heard they will redesign their Heavy Duty trucks. Would it be smarter for me to get rid of mine before the new models are released or will it not make much difference?
Just an fyi...this isn't a Dodge forum. Usually their value drops when ford's are around.
#4
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#6
Take that time to save a some extra $$ so you can load up on exactly what you want.
The answer to your question is yes, buts it's not that significant.
#7
When a new model is introduced there is almost always a price increase that accompanies it. That increase pulls the price of the used models up with it, so many times the depreciation that is expected on the older models is negligible.
Good luck with whatever you decide. I too used to own a Dodge. Loved the Cummins engine, the rest of the truck, not so much.
The Fords I've owned have treated me well, and this 2017 has been flawless and very impressive so far.
Good luck with whatever you decide. I too used to own a Dodge. Loved the Cummins engine, the rest of the truck, not so much.
The Fords I've owned have treated me well, and this 2017 has been flawless and very impressive so far.
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#8
The only time I've seen resale value tank on a first model year is if it's a known problem child. The 6.0L diesel of 2003-2004 comes to mind, and to this day they're worth significantly less than an equivalent 1999-2003 7.3L truck, and sometimes less than gas trucks of the same vintage. With the aluminum bodies being out for two years in the F150s I don't think there's much risk of that happening. Both engine offerings are mild reworkings of what we've had since 2011, and they've developed a good record in that time.
The opposite is true for the previous generation; their value is dropping every day the '17+ trucks are on the road. A guy like me wouldn't even consider previous-gen model with how much better the '17s are.
#9
Does the resale value drop more than usual when a complete redesign of your model occurs? The reason I ask is because I have a 14 RAM 3500 crew cab diesel and was planning on keeping it until around 2019 which is when I have heard they will redesign their Heavy Duty trucks. Would it be smarter for me to get rid of mine before the new models are released or will it not make much difference?
I went through this trading a 2016 for a 2017 Ford.
That said, RAM has delayed a full redesign of their HD trucks. It looks like in 2018 / 2019 their will be a refresh...probably minor exterior design tweaks, some upgrades to the interior, and a bump in power for at least the Cummins engine.
#10
#11
I think its safe to assume the next update will still be a Cummins. Spy shots have captured RAM HD vehicles doing high altitude testing in the Rockies, with a sign on the door saying the vehicles belong to Cummins, not RAM.
#12
I'd say it does, but it shouldn't be a factor for you. Waiting an extra year or doing it a year early will cost you more in either deprecation, or opportunity cost. I wouldn't let model changeover be a decision factor for you. But it might be of value to know that January 1 is every cars birthday, and the time of year for the market are bigger factors than what body generation it is from what I see.
#13
You have the same chance at predicting the future by asking the magic 8 ball.
Value is associated with demand. If there is a high demand for your truck when you're selling it, then yes. I would keep a close eye on what RAM will be doing when your ready, and see if they do in fact change the engine. If they do, then that could be a good thing for you. I haven't meet a guy that didn't LOVE his cummings diesel. So, there may be a rush for older trucks if the cummings is dropped. Like the 99 to 2002 (if I recall) without emissions crap. Around here those are sought after trucks that command a high dollar. Remember when the 6.0 came out and had all sorts of "issues", a used 7.3 was in high demand and still is over the 6.0. Until the 6.7 came out
Value is associated with demand. If there is a high demand for your truck when you're selling it, then yes. I would keep a close eye on what RAM will be doing when your ready, and see if they do in fact change the engine. If they do, then that could be a good thing for you. I haven't meet a guy that didn't LOVE his cummings diesel. So, there may be a rush for older trucks if the cummings is dropped. Like the 99 to 2002 (if I recall) without emissions crap. Around here those are sought after trucks that command a high dollar. Remember when the 6.0 came out and had all sorts of "issues", a used 7.3 was in high demand and still is over the 6.0. Until the 6.7 came out
#14