Excursion Value Question
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Mountain Pass
Joined: Aug 2017
Posts: 138
Likes: 12
From: Walnut Creek
Excursion Value Question
I have an 2002 Limited 7.3 with 288K miles; second owner, purchased in 2015.
The vehicle is in "better" condition with a "new" Ford remanufactured engine, turbo, etc. installed in 2020. The new engine has ~55K miles on it and runs flawlessly. Question is, how does one price such a vehicle given the "new" engine? I ask as online valuations have proven to be less than helpful.
The vehicle is in "better" condition with a "new" Ford remanufactured engine, turbo, etc. installed in 2020. The new engine has ~55K miles on it and runs flawlessly. Question is, how does one price such a vehicle given the "new" engine? I ask as online valuations have proven to be less than helpful.
Butt-Head
Joined: Apr 2004
Posts: 9,423
Likes: 2,912
From: Reed Point, MT
It doesn't matter what's been done to the vehicle. No matter how much money or what new parts have been dumped into it, it's only worth what a bank will be coerced into issuing a loan for it. Blue Book and NADA Guides exist for a reason.
In this particular case, ask for a value YOU think it's worth and see if someone else thinks it's worth the money you're asking. You might find that either somebody will give you what you want for it given the fact that new vehicles are pieces of unreliable **** and not worth 1/4 of the MSRP that is charged....OR......you'll end up sitting on it until your price is dropped to a number more in line with what people find in the easily-accessible online resources listed above.
This is the world - you might not like the answer.
In this particular case, ask for a value YOU think it's worth and see if someone else thinks it's worth the money you're asking. You might find that either somebody will give you what you want for it given the fact that new vehicles are pieces of unreliable **** and not worth 1/4 of the MSRP that is charged....OR......you'll end up sitting on it until your price is dropped to a number more in line with what people find in the easily-accessible online resources listed above.
This is the world - you might not like the answer.
Cargo Master
Joined: Apr 2012
Posts: 2,008
Likes: 522
From: Bottom Of Pikes Peak
I don't think it can be said any better than that...I totally agree with what Cleatus has said.
unless someone is paying cash or takes out some sort of personal loan, a bank will not loan out more than KBB or NADA say it's worth....That will make an interested party rethink things
the bluebooks also will go off the odometer mileage no matter what.
Also along those lines..you could have 50K invested in the vehicle/ accessories/ upgrades, etc...if it got stolen or totaled....insurance is only going to pay what they think it's worth. you spent $5k on wheels and tires, they will give you $100.
In the event of selling, those are all just perks for the next owner and adds nearly no value unless you're a dealer and rip the customer/ consumer off
unless someone is paying cash or takes out some sort of personal loan, a bank will not loan out more than KBB or NADA say it's worth....That will make an interested party rethink things
the bluebooks also will go off the odometer mileage no matter what.
Also along those lines..you could have 50K invested in the vehicle/ accessories/ upgrades, etc...if it got stolen or totaled....insurance is only going to pay what they think it's worth. you spent $5k on wheels and tires, they will give you $100.
In the event of selling, those are all just perks for the next owner and adds nearly no value unless you're a dealer and rip the customer/ consumer off
Mountain Pass
Joined: Jul 2004
Posts: 245
Likes: 41
Price to your local market. Like a house. 7.3 excursions don't really flow with established value outlets like kbb and such. It's worth what the market will pay. Here, in northern California it would baseline probably in the low 20k range. That is, with all paperwork in order regarding engine replacement as well as overall condition, mechanically and otherwise. Due to the engine replacement, you may get less byers because some will sense that this is a problem. A seasoned person who knows this platform may not care however. So I would look at comparable rigs first to get a baseline, then adjust accordingly depending on how fast you want to sell.
Laughing Gas
Joined: May 2024
Posts: 903
Likes: 289
From: E TN
If you want top dollar write a good ad, plenty of pictures and be honest. Most try to sell a vehicle, have blurry pics and little description. Yes you might have to work at it but weigh out how much your time is worth. Used trucks have gone up a lot. People want the older 7.3's because they last and are simpler and cheaper to fix. You have to play on that sentiment, and that's what you'll need to do to get more money. Otherwise you'll be selling it for the blue book loan value or less. I don't know where you are but people are willing to travel to find rust free older vehicles.
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