resale after rebates
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Senior User
Joined: Feb 2004
Posts: 133
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From: Seattle, WA
resale after rebates
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.
Super Moderator
Joined: Jan 2008
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From: Maine, Virginia
I think the rebates certainly have an effect on the value of the vehicles, however, I think the price of fuel has a larger effect at this point. The value of economy cars mainly hybrids is as strong as ever. If you intend to keep your truck until it's worn out, then dollar value should be meaningless.
Tim
Tim
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Joined: Oct 2007
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The Rebates are killing the resale on these trucks. The 9500 dollar rebate on top of the 30-40% of depreciation once you drive the truck off the lot makes resale half of the original MSPR value at best.
These are not the days to try to sell a truck. You're going to get creamed.
These are not the days to try to sell a truck. You're going to get creamed.
Moderator
Joined: Dec 2001
Posts: 22,436
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From: Louisville,Ky.
Shows the actual mark-up on the trucks. They are still making a small profit even @ the giveaway prices. They are going to have to drop the profit margin from here on out because everyone is on to there 200% mark-up game now!!!
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Joined: May 2007
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From: Greenfield, MA
I guess I'm confused...who has a 200% markup??? Could you please explain.
Mountain Pass
Joined: Dec 2006
Posts: 122
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Don't count on the values going up in 09. Those trucks sold with the huge incentives are not worth as much on trade, so the older ones are even less.
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Logistics Pro
Joined: Jul 2006
Posts: 4,512
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From: Detroit
Supply and demand...
Regardless of the history of rebates, the ultimate resale price on any vehicle (or any object) is based entirely on supply and demand. Ford pushed somewhere between 750k and a million F150's out the door for years; most of them are still out there.
If, say, 50% of the people who bought these trucks do not want them at this time because of the gas price situation and because they really *can* get by with something smaller, the market ends up with a glut. There are also '06-'08 trucks coming off lease and flooding the market as well. This is a LOT of trucks. I honestly think if Ford took a year or two off from building trucks at all, THAT would raise the market on used ones.
Doesn't look good for the resale on big pickups; the way to win in this game is to want and need a big pickup, recent and with low miles. On a relative basis, this is the best time in history to be looking for something like that. As a sharp contrast, a 2007 Honda Civic, which sold for about $18k new (with a sticker of 18.5k), is selling on dealer lots for about $16-17k. Really.
George
If, say, 50% of the people who bought these trucks do not want them at this time because of the gas price situation and because they really *can* get by with something smaller, the market ends up with a glut. There are also '06-'08 trucks coming off lease and flooding the market as well. This is a LOT of trucks. I honestly think if Ford took a year or two off from building trucks at all, THAT would raise the market on used ones.
Doesn't look good for the resale on big pickups; the way to win in this game is to want and need a big pickup, recent and with low miles. On a relative basis, this is the best time in history to be looking for something like that. As a sharp contrast, a 2007 Honda Civic, which sold for about $18k new (with a sticker of 18.5k), is selling on dealer lots for about $16-17k. Really.
George
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Laughing Gas
Joined: Oct 2005
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From: South Jersey
I bought my '05 FX4 new for 27,000, down from 35,000 more than 3 years ago. I'm seeing trucks like mine on car lots looking like they are almost new for around 16,000. This is a buyers market right now, but I don't belive it is a sellers market for trucks.
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Joined: Dec 2001
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From: Louisville,Ky.
100%, typo. If you can get a truck for 1/2 price and they are making money, then when you pay full price, they are really making money!!
Super Moderator
Joined: Jan 2008
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From: Maine, Virginia
The best thing to do IMO is to buy a truck and plan on keeping it until you either wear it out or simply can't stand it anymore. Either way, Ford loses, sorry. My first loyalty is to my family and our financial well being.
Tim
Posting Guru
Joined: Sep 2008
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Wanna good deal
Ah I have figured this situation out:
As things stand now:
Money is tight and hard to borrow
Deperciation is at its highest
Gas prices dictates the market
Simple solution:
Get a real nice 4 or 5 year old model for about 10 to 15 cents on the dollar of its orginial price:
I.E. 40000.00 List price equals 6000.00 put it on a low rate credit card pay 150.00 a month until you can pay it off.
Everybody is happy.....................
UGH where can I find such a BEAST???????????????
I drove about 250 miles to HOT ATLANTA GA. and got mine, the place is full of gas guzzlers. And right NOW there's lots of places out of gas! ! ! ! ! The dealers are scared to death to own anything with more than 6 plugs in it.
Hey I'm happy getting 14 mpg in my 03 V-10 EXCURSION 4X4 LIMITED especially for what I paid.
As things stand now:
Money is tight and hard to borrow
Deperciation is at its highest
Gas prices dictates the market
Simple solution:
Get a real nice 4 or 5 year old model for about 10 to 15 cents on the dollar of its orginial price:
I.E. 40000.00 List price equals 6000.00 put it on a low rate credit card pay 150.00 a month until you can pay it off.
Everybody is happy.....................
UGH where can I find such a BEAST???????????????
I drove about 250 miles to HOT ATLANTA GA. and got mine, the place is full of gas guzzlers. And right NOW there's lots of places out of gas! ! ! ! ! The dealers are scared to death to own anything with more than 6 plugs in it.
Hey I'm happy getting 14 mpg in my 03 V-10 EXCURSION 4X4 LIMITED especially for what I paid.