I've never experienced this before
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Super Moderator
Joined: Jan 2008
Posts: 40,046
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From: Maine, Virginia
I've never experienced this before
My truck has been paid off for a bit now and checking the value, it's still worth between $17K and 21K depending on which market or venue it's sold under. I've never had a vehicle hold on to so much value after pay off. I'm impressed.
Post Fiend
Joined: Dec 2006
Posts: 9,111
Likes: 3
From: Lexington Mo
I don't doubt that one bit. When I started looking for another F150 to replace my 2011 that the tree's fell on, I did some looking at for something that I could pay cash for. And then found out that even with 100k on the odometer that they could still be worth $20k plus.
So that made the decision easier to just get another loan and stay with a lower mile truck.
Unk Bob
So that made the decision easier to just get another loan and stay with a lower mile truck.
Unk Bob
Logistics Pro
Joined: Sep 2002
Posts: 4,411
Likes: 1,016
From: Central KY
Losing 50% of their value in less than 5 years isn't exactly great.
You should try a Jeep Wrangler...those things literally don't depreciate. I leased one a few years ago, drove it for a little over a year, and traded it in. Got literally every penny back on it. It was like driving a 4x4 for free.
You should try a Jeep Wrangler...those things literally don't depreciate. I leased one a few years ago, drove it for a little over a year, and traded it in. Got literally every penny back on it. It was like driving a 4x4 for free.
Bleed Ford Blue
Joined: Apr 2009
Posts: 13,578
Likes: 157
From: Anchorage Alaska
I've been in an even better situation with my Excursions, I've made money on all the ones I no longer have, in one case I made $4k over what I paid 2 months before.
So for giggles I blue booked my truck and was surprised it's still at what I paid for it in '14 with 22k miles. Now I got a killer deal on it so it's kinda to be expected but when I made my payment this month they asked if I wanted to add GAP insurance. I politely declined since I owe just a little more then half of it's book value.
I've never cared about resale because I want it and that's all that matters when buying to me.
Checked both NADA and KBB for giggles.
So for giggles I blue booked my truck and was surprised it's still at what I paid for it in '14 with 22k miles. Now I got a killer deal on it so it's kinda to be expected but when I made my payment this month they asked if I wanted to add GAP insurance. I politely declined since I owe just a little more then half of it's book value.
I've never cared about resale because I want it and that's all that matters when buying to me.
Checked both NADA and KBB for giggles.
Laughing Gas
Joined: Jan 2002
Posts: 818
Likes: 55
From: houston
I bought a used 2013 Platinum Screw 2 years ago for 30k with 19k miles. I traded it in on a new 2017 Platinum Screw a few months ago. It now had 35k miles and I got $28.5 for it. Plus I paid below Xplan of the 17.
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Super Moderator
Joined: Jan 2008
Posts: 40,046
Likes: 1,524
From: Maine, Virginia
Losing 50% of their value in less than 5 years isn't exactly great.
You should try a Jeep Wrangler...those things literally don't depreciate. I leased one a few years ago, drove it for a little over a year, and traded it in. Got literally every penny back on it. It was like driving a 4x4 for free.
You should try a Jeep Wrangler...those things literally don't depreciate. I leased one a few years ago, drove it for a little over a year, and traded it in. Got literally every penny back on it. It was like driving a 4x4 for free.
Posting Guru
Joined: Nov 2010
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Lead Driver
Joined: Jun 2005
Posts: 8,475
Likes: 728
From: Calgary Canada
You should see what the change in the US to Canadian dollar exchange rate has done to used truck values here! It's shocking how well they hold their value. It wasn't that many years ago that the exange was about 1:1, and now it's 1.3:1.
My brother works for a large rental company, and with the big fleet discount on the initial purchase, they are routinely able to sell 6-12 month old trucks for within about $2000 of what they paid initially. The vast majority of the vehicles he sells are shipped to the USA.
All this has meant that it's not worth buying one, two or three year old trucks. Four and five years old is where they start to trend downwards more.
And I couldn't find one I was happy with even at those age-range. That's why I bought a 2009 last month.
My brother works for a large rental company, and with the big fleet discount on the initial purchase, they are routinely able to sell 6-12 month old trucks for within about $2000 of what they paid initially. The vast majority of the vehicles he sells are shipped to the USA.
All this has meant that it's not worth buying one, two or three year old trucks. Four and five years old is where they start to trend downwards more.
And I couldn't find one I was happy with even at those age-range. That's why I bought a 2009 last month.
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Posting Guru
Joined: Oct 2012
Posts: 1,777
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From: Des Moines, IA
Bought mine 2 years ago for 30k, TTL, with 70,000 miles on it. Now at 88,000 miles it's still worth about 27,000, but is also nearly paid off. The nice thing is I don't put hardly any miles on now, so it'll retain value even more. I'm definitely ok with driving it for 2 years and only losing 3k on it, especially since I've put 18,000 on it! It's been excellent to me, no major work done, just maintenance and has been an extreme pleasure to drive.
Tuned
Joined: Apr 2001
Posts: 467
Likes: 25
From: Central Callifornia
.
I've never cared about resale because I want it and that's all that matters when buying to me.
My thoughts as well. The '14 I bought new now has 52K on it and plan to drive the wheels off. Just hope it will compare to my '01 SCrew that had 275K+ when traded in (the only "repair" was a fuel pump @ about 220K)
I've never cared about resale because I want it and that's all that matters when buying to me.
My thoughts as well. The '14 I bought new now has 52K on it and plan to drive the wheels off. Just hope it will compare to my '01 SCrew that had 275K+ when traded in (the only "repair" was a fuel pump @ about 220K)
Moderator & CL
Joined: Jul 2006
Posts: 109,789
Likes: 385
From: NY Finger Lakes Region
You should see what the change in the US to Canadian dollar exchange rate has done to used truck values here! It's shocking how well they hold their value. It wasn't that many years ago that the exange was about 1:1, and now it's 1.3:1.
My brother works for a large rental company, and with the big fleet discount on the initial purchase, they are routinely able to sell 6-12 month old trucks for within about $2000 of what they paid initially. The vast majority of the vehicles he sells are shipped to the USA.
All this has meant that it's not worth buying one, two or three year old trucks. Four and five years old is where they start to trend downwards more.
And I couldn't find one I was happy with even at those age-range. That's why I bought a 2009 last month.
My brother works for a large rental company, and with the big fleet discount on the initial purchase, they are routinely able to sell 6-12 month old trucks for within about $2000 of what they paid initially. The vast majority of the vehicles he sells are shipped to the USA.
All this has meant that it's not worth buying one, two or three year old trucks. Four and five years old is where they start to trend downwards more.
And I couldn't find one I was happy with even at those age-range. That's why I bought a 2009 last month.
Lead Driver
Joined: Jun 2005
Posts: 8,475
Likes: 728
From: Calgary Canada
Yeah, XTR is the Canadian version of the XLT 302A package. It's a huge volume seller. Nearly every manufacturer sells some form of a "Canadian value package" with a bundle of options to appeal to our market.
Elder User
Joined: Mar 2017
Posts: 823
Likes: 1
From: Collinsville, VA
I'm glad you brought this up. I recently started a thread asking for a rundown of all the different trim packages, and before that, I'd never heard of the XTR. But since the inception of that thread, I've seen 3 or 4 XTRs which have made it all the way down here to Virginia, apparently. No mention had been made of the XTR in my thread, so I had been meaning to ask about that.
Elder User
Joined: Mar 2017
Posts: 823
Likes: 1
From: Collinsville, VA
According to NADA, the "Clean Retail" value of my truck is almost $1,000 more than my purchase price 2 months ago, and that's based on its current mileage, as opposed to the mileage it had when I bought it. I ain't even mad 
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Oct 23, 2008 10:04 PM