resale after rebates
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Joined: Jan 2008
Posts: 40,019
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From: Maine, Virginia
Question for people with more experience than me. Will the resale values of the 04s-08s go back up some after all the new 08s are gone and the huge rebates aren't there anymore??? I assume the 09s will have rebates, but not at 10k like currently.
I bought my 04 Screw FX4 18 months ago with 22k miles on it for 23k, which I thought was a good deal back then. I now owe about 21k on it and its worth 12k if I was to try and trade it in now.
I bought my 04 Screw FX4 18 months ago with 22k miles on it for 23k, which I thought was a good deal back then. I now owe about 21k on it and its worth 12k if I was to try and trade it in now.
I saw an '07 F-150 XLT 4x4 on the used lot. I got out and looked at it. Very clean, 24K on the odo but no tow package and a 4.6L.
The dude came out and said the NADA on it was $23,995 and thats where the negotiations begin.
I gave him my name and number and offered them 13k out the door with no trade. I don't think he'll be calling, but, it's not exactly what I want anyway. But, for 13k, I could live with it.
Tim
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Joined: Oct 2007
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I came up with a value of around 14,000 for that truck and that's using KBB fair trade in value.
They most likely got it at wholesale which is much less.
I'd offer them 12K max for it.
That just shows that these trucks have lost close to 70% of their initial MSRP price.
They most likely got it at wholesale which is much less.
I'd offer them 12K max for it.
That just shows that these trucks have lost close to 70% of their initial MSRP price.
Super Moderator
Joined: Jan 2008
Posts: 40,019
Likes: 1,518
From: Maine, Virginia
I came up with a value of around 14,000 for that truck and that's using KBB fair trade in value.
They most likely got it at wholesale which is much less.
I'd offer them 12K max for it.
That just shows that these trucks have lost close to 70% of their initial MSRP price.
They most likely got it at wholesale which is much less.
I'd offer them 12K max for it.
That just shows that these trucks have lost close to 70% of their initial MSRP price.
Tim
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