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I have a 2004 2WD Super Duty Crew Cab Lariat V10 with 26000 miles.
I really enjoy this truck but due to my circumstances, I am driving
more than I was when I bought it and gas is becoming a big expense.
Thinking about trading for a diesel, either Ford or Dodge. However,
the best price I have found for mine on a trade-in is $14000. This is an insult
for a truck as nice as mine, however, the dealers I have talked to
continue to mention the soft market for large gas engines. Has anyone else
encountered this? I am in the Houston area.
Do the math. It's hard to justify buying a diesel engine for fuel savings alone. I think it would be even harder to see a payout when trading trucks. For every $1000 you spend you'll have to drive 30,000miles or so to "break even" on fuel. (Don't hammer me, diesel guys, I didn't do the math. Just a quick approximation. He'll have to do the math himself.)
The point I was making is that the truck I bought two years ago is worth about 1/2 what I paid for it due to the V10. However, had I bought the diesel, I would be looking at a price well into the twenties. When gas is $3.00 a gallon, large gas engines are not in demand.
Sorry, I misunderstood your intent. I hear what you are saying about the value. I check the tradein value of mine from time to time. I really don't know why, because I always keep a vehicle until it pretty much doesn't have any value left anyway. You are right about the large gas engines hurting value now. It's a good deal for the savvy pickup buyer since I think the V10 is less expensive to operate overall.
ive got news for you. if you had bought a diesel in 2004, and tried to trade that year in now, any self respecting ford dealer would be cringing at that given all the problems the diesel had in that year. that is why there is a 2000.00 rebate now for the people that had so much trouble in those years with it. just my opinion. matt
i see where he's coming from, i missed a GIANT deal on a 01 Excursion, 4x4, w/ a V10. the guy i called said he'd been trying to sell it for MONTHS and there were no takers (personal opinion he might have asked to much at first), so he finaly put in the paper first 9500 takes it........sold it for $7200 out the garage door w/ 80,ooo miles!! i would have snagged that as fast as i could have!
i also see ALOT of gasers on lots for sale, chevy 8.1L's, ford V10's! i love my V10 kinda bites the big one of gas, we get about 14-16 COMBINED average (city/hwy). my wife took a trip to IA from LA and got about 17-18mpg in some places. but then it dropped when she got in the city to about 13mpg. not as good as a foreign jobie but works for me!
Jason
Team Mudd Pres.
415cid, 6.5" lift, 39.5's, YEA that's right 39.5's
Most dealers want to stay well away from them. They know they are going to have to low ball a trade just to sell it down the road. I kicked around trading mine in last winter. They looked at my truck and marveled at the condition. Told them what I expected for the trade (highball) and they saw no problem with that until they saw V10 on the front fender. His faced dropped and treated me like I was trading in a pink, blue, and green truck with yellow interior. He told me we cant give V10's away. In fact, the dealer refuses to orders them for dealer stock.
So yes, V10's get hammered upon trading.
But is the added expense of the diesel in initial cost and cost of maintenance worth jumping into and getting marginal fuel milage increase?
I know what you mean about the V-10 SD's depreciating. I tried to deal on a new '06 diesel last month as I thought I could trade up one model year and save fuel with the diesel , but after quoting me $16,000 cash boot with my '05 to get into the new '06 diesel, I said FORGET IT!!! Besides, after test driving the diesel I wouldn't want to trade what I have for that sled. It ran like an bloated whale. I wonder if they didn't casterate the '06's due to problems and premature failures they have been having, 'cause the one I test drove sure didn't feel like it had but 1/2 what my V-10 has under the hood.
Now, with gas prices recently dropping and diesel prices holding steady, (10% ethanol gas $2.689, and #2 diesel $3.15), I'm glad I'm burning gas instead of the "pricey" diesel. There is no way the fuel savings will ever make trading a gasser for diesel pay.
There is definitely an undeserved stygma about the V-10 being a thirsty gas hog. The public perception is the diesel will pay for itself in fuel savings, but that is pure bunk with diesel 40 cents a gallon higher than gas. But you know the old saying, perceptions are everything!
No question, V10's have poor resale. The general public hears the words "V10" and the
belief is that we have this huge gas sucking engine. The real fact that there are many vehicles on the road that are no better on fuel and weigh much less than a SD V10 is missed by most folks. An educated person could get a great deal now on a used V10.
Now for the good news, Most V10 owners, like me , are so pleased with our trucks that we don't have the constant itch to dump them like the PSD crowd.
I really don't care if my truck is now worth only a 100 bucks.......... it's not for sale.
If it's the same in the US as in here in Canada it's a bad time to be trading in any vehicle. The dealer employee pricing that's on now pretty much kills the value of any trade.
I think the market really got flooded with the dealer pricing stuff and the stigma of the V10 is what it is. I doubt it'll ever change.
Fuel in my neck of the woods is $3.03/gallon for gas and $3.45 for diesel. Almost 15% more for diesel fuel than gasoline makes driving the V10 a better deal than the diesel, especially when you factor in the maintenance costs of the diesel. I'm not in the market to trade in, but even if I was I don't know I'd ever see the cost benefit of the diesel.
based on what you have described, the trade in value around my area( chicago) is about $20,000 over here. I believe trucks are so popular in texas that the market is flooded with used ones creating a buyers market. ( more used trucks vs buyers)
when i bought my V10, it fit my budget WAY better than a PSD. i have 2 friends that LOVE their's, and had ridden in them often. when it came down to it, i thought about the gas, and thought it would be ungodly crappy. i was actually surprised at my stock V10 getting 10-11mpg on the interstate. our old farm truck w/ a 460 used to get 6 highway, and like ""crap to 0" around town hauling a trailer, bags of seed ect. after all my mods over time i've seen the evolution of the V10 since i've had it. LOVE it, and plan to keep it for a VVVEERRRYYY long time!
the V10 is the type of truck that you just plan on keeping and working the crap out of or driving it till the wheels fall off!
Jason
Team Mudd Pres.
415cid, 6" lift, 39.5's, YEA that's right 39.5's
The general public hears the words "V10" and the
belief is that we have this huge gas sucking engine. The real fact that there are many vehicles on the road that are no better on fuel and weigh much less than a SD V10 is missed by most folks. An educated person could get a great deal now on a used V10.
Now for the good news, Most V10 owners, like me , are so pleased with our trucks that we don't have the constant itch to dump them like the PSD crowd.
I really don't care if my truck is now worth only a 100 bucks.......... it's not for sale.
Yep. Mine definitely does use more gas than my 4.0 Ranger ever did. Funny thing, tho. I was chatting to a guy with virtually the same truck as mine, but with a 5.4. He was not real pleased with power or mileage. He said it had no b***s whatsoever. Excuse the language, lol. The mileage was worse. Me personally? I am quite happy with the power, but the mileage could be better, of course. But I'm not parking it or selling it. It meets my needs just fine. I wouldn't go back, no way, no how!
Be careful comparing unloaded diesel's vs. gasser's acceleration.
The diesel will pull a trailer up a cliff, but it can't (usually) out-accelerate a gasser.
At least, stock, anyway. The diesel's internals are heavy, and they don't wind out far. Not made for racing, made for pulling.
If you're not going to USE the diesel for it's abilities, the extra cost is a waste, and the fuel mileage difference won't be enough to make up the cost difference.
Guess you're keeping your V10
I didn't buy my truck for resale value. I bought it to use it until it's a pile of rust with an engine.