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I found a wicked nice truck for sale, and was wondering what yall thought of the cost to buy it. The seller is asking $24,000. Anything in particular I should ask the seller as well?
Here are some specs on it:
1996 F350 Extended Crew Cab
4x4, 7.3 auto 172,000 miles
See, that's what I thought. I was figuring even 15,000 would be too much. Its a nice truck ill give him that, but its still just a truck. The guy seems pretty adamant about his price. I guess if he says no to a much lower price, then I'll walk away.
Hi guys,
I found a wicked nice truck for sale, and was wondering what yall thought of the cost to buy it. The seller is asking $24,000. Anything in particular I should ask the seller as well?
It is a beautiful truck! The seller is awfully proud of it.... For a price like that, it should be flawlessly maintained with excellent documentation to back it up, & half the miles. I doubt it cost much more than that when brand new. Centurions are known for problems where seams were welded. It should also be 100% RUST FREE. Crawl underneath & look carefully for rust. The radiator core support should be in perfect condition. The 7.3 core supports are becoming very difficult to find, & the labor to swap one is very time-consuming. The frame needs to be carefully inspected, it's at least 18" longer than any stock Ford frame, meaning it was spliced somehow. With 172k miles, I wouldn't consider anything over $12,000 unless the drivetrain can be 100% warranteed for at least another 100k. This is a risky purchase, no matter how you slice it, especially considering anything could go wrong with it right after buying it, & Diesels are expensive to maintain/repair. It's also guaranteed to be a b*tch to park in small/crowded parking lots.
Not to mention, good luck getting financing on a 21-yr. old 'customized' truck with 172k miles....
It is a beautiful truck! The seller is awfully proud of it.... For a price like that, it should be flawlessly maintained with excellent documentation to back it up, & half the miles. I don't think the seller has all the documentation, but I will ask.
I doubt it cost much more than that when brand new. Centurions are known for problems where seams were welded. It should also be 100% RUST FREE. Crawl underneath & look carefully for rust. The radiator core support should be in perfect condition. The 7.3 core supports are becoming very difficult to find, & the labor to swap one is very time-consuming. The frame needs to be carefully inspected, it's at least 18" longer than any stock Ford frame, meaning it was spliced somehow. I have done some research, and saw a few examples of how the roof can have peeling paint and rust. I should be getting some pics of the roof and underside tomorrow.
With 172k miles, I wouldn't consider anything over $12,000 unless the drivetrain can be 100% warranteed for at least another 100k. This is a risky purchase, no matter how you slice it, especially considering anything could go wrong with it right after buying it, & Diesels are expensive to maintain/repair. I agree, buying any vehicle 20 year old or older can bite you in the rear. I was there as a teenager
It's also guaranteed to be a b*tch to park in small/crowded parking lots.
Not to mention, good luck getting financing on a 21-yr. old 'customized' truck with 172k miles.... That's part of the reason of wanting second opinions on price. 12k sounds a hell of a lot better than 24k for that approval process.
Personally, I would have one question of the seller... Have you lost your friggin mind????? As I walked very fast off his property to get back to a sane world!!!
You should always buy outright if possible,have the money to back up the loan,if you do have great credit,where you can borrow cheaper than removing your money from investments that are making more,or continue saving until you can buy outright.This is ideal.Anything short of this,is living outside your means.
A bank probably isn't going to loan you money against such an old truck.If you need to borrow to buy it,you cant afford it.
If you don't care,then you'll probably need a personal loan.However now your going to buy against something not nearly worth it's value (even if you get it for 10k) and borrowing at a much too high of an interest rate,against something your already upside down with.Now after the loans term is fulfilled,combined with the interest payed,your left with a truck valued for far less than you payed and your several thousands out and now in need of a newer truck.
There isn't much good about buying this one.I would pass.His asking price is far too high for what you get.If you have 8k in cash(and your retirement fund is already maxed or goal met for the year)he accepts and you can buy it outright with no loan and you won't miss the money,then that's one thing.
Definitely makes sense to buy outright. And no, I don't have that much saved up. Ill still see about getting the info, and if he will drop the price significantly. But I seriously doubt he will. So end result will probably be walking from it.
I know this is an old thread, so I apologize up front. But is this truck still for sale? Do you by chance still have the owner's contact info? Thank you in advance!
-Ryan
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