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I recently bought a '99 250 SD XLT 7.3 with a lift and like new tires 115k miles and it is in nearly perfect shape, for 10k. It needed some minor things, power door locks fixed, mirror replaced etc.
I purchased my 2000 F350 Crew cab, 4x4, V10 with 76,000 miles on it for 14,600 out the door. This was in So Cal I even got the dealer to replace both front axle's.
My 99 Dodge Cummins SLT, Quad Cab 4x4 with 250k brought 8k within 48hrs after parking it in Lowes/Home Depot contractor parking lot. Not to mention the offers on Ebay. I sold it locally with receipts on maintainence and work done. Original owner and clean, dependable vehicle. However, this is a different price point and potential buyers.
In my opinion, when someone is going to spend 20k plus on a used vehicle it is a different playing field. You need to reassure your buyer on the use and maintainence of the vehicle and that your not a used car lot. I have never sold cars and don't claim to be a salesman. I can tell you that I'm honest. If they don't want to give you what is worth then drive it untill you find the right buyer. Trading in is not the right buyer.
I thought the same thing. $30k for five years old but compared to the new price it's a good buy. That's my point. One way its good, the other crazy.
Apples and oranges really. The simple fact is that the diesel engines are commanding a higher price right now in the used market. They always typically have, but then went south a couple years back when fuel was sky high, now they are back again. That and crew cabs make them much more valuable, seems everyone wants that these days to haul the whole family around.
I bought mine a couple years ago for an extremely low price during the high fuel prices. People were giving diesels away because no one was buying; now they are fetching a huge premium.
Used vehicles is where the money is right now. Low ball trades unless your a super savvy negotiator are the flavor of the day. Dealership loyalty helps a lot if you can find a good dealer that you can stick with in the long haul.
Quite frankly, used truck prices are rediculous. One can a slightly lesser equipped new truck for the same money a high mileage loaded truck.
I'd go new, get better financing options, rebates, warranties and the satisfaction that your not going to chase someone else's problems and fight with the dealer for support.
Rezvani's Latest Post-Apocalyptic Monster Is a Ford F-150 Raptor Underneath
Slideshow: Called the Fortress, the 850-horsepower pickup combines Raptor underpinnings with military-inspired features, survival equipment, and a starting price of $285,000.