High mileage drivers - best year/mileage for max value in trade in?
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Laughing Gas
Joined: Apr 2011
Posts: 851
Likes: 14
High mileage drivers - best year/mileage for max value in trade in?
Recently purchased a 2015 King Ranch. I'll be putting approximately 40,000 miles a year on this truck. Anchorage to Fairbanks round trip, once per week + regular daily driving.
What do you guys think is the best happy medium of high mileage trade in, but not THAT high of mileage to seriously tank the value. One year and 40k? Two years and 80k? Three years and 120K?
I tend to be hard on my trucks so the longer I own it the more beat up it will become. I also idle a lot.... 40-50% of engine hours minimum. And yes, I know these trucks don't love extended idling.
What do you guys think is the best happy medium of high mileage trade in, but not THAT high of mileage to seriously tank the value. One year and 40k? Two years and 80k? Three years and 120K?
I tend to be hard on my trucks so the longer I own it the more beat up it will become. I also idle a lot.... 40-50% of engine hours minimum. And yes, I know these trucks don't love extended idling.
Lead Driver
Joined: Dec 2013
Posts: 9,762
Likes: 115
I live in Anchorage. So I understand EVERYTHING you are talking about. After year one with 2015 Platinum I almost wonder if having such a nice truck is worth it up here. My idle hours in the winter are bad and probably for the same reason yours is.
BTW, that route is HARD on vehicles as I am sure you already know. Although really all of this state's roads are hard on vehicles.
If I were you, I would start checking on values after a year with your mileage. Doesn't mean I would trade in at that juncture.
Here's YOUR homework since YOU want to know. Look at the value of a 2012 truck with 120k miles, a 2013 Truck with 80k, and a 2014 with 40k. 2015's haven't hit KBB the last time I checked... All optioned the same way... I would think there will be an obvious answer to your question.
It's tough because you said your hard on the vehicle, so a 2012/2013 I might look at "fair" values and then up to good on a 2014... But only you know if after year one the truck even meets good condition standards.
BTW, that route is HARD on vehicles as I am sure you already know. Although really all of this state's roads are hard on vehicles.
If I were you, I would start checking on values after a year with your mileage. Doesn't mean I would trade in at that juncture.
Here's YOUR homework since YOU want to know. Look at the value of a 2012 truck with 120k miles, a 2013 Truck with 80k, and a 2014 with 40k. 2015's haven't hit KBB the last time I checked... All optioned the same way... I would think there will be an obvious answer to your question.
It's tough because you said your hard on the vehicle, so a 2012/2013 I might look at "fair" values and then up to good on a 2014... But only you know if after year one the truck even meets good condition standards.
Thread Starter
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Laughing Gas
Joined: Apr 2011
Posts: 851
Likes: 14
I live in Anchorage. So I understand EVERYTHING you are talking about. After year one with 2015 Platinum I almost wonder if having such a nice truck is worth it up here. My idle hours in the winter are bad and probably for the same reason yours is.
BTW, that route is HARD on vehicles as I am sure you already know. Although really all of this state's roads are hard on vehicles.
If I were you, I would start checking on values after a year with your mileage. Doesn't mean I would trade in at that juncture.
Here's YOUR homework since YOU want to know. Look at the value of a 2012 truck with 120k miles, a 2013 Truck with 80k, and a 2014 with 40k. 2015's haven't hit KBB the last time I checked... All optioned the same way... I would think there will be an obvious answer to your question.
It's tough because you said your hard on the vehicle, so a 2012/2013 I might look at "fair" values and then up to good on a 2014... But only you know if after year one the truck even meets good condition standards.
BTW, that route is HARD on vehicles as I am sure you already know. Although really all of this state's roads are hard on vehicles.
If I were you, I would start checking on values after a year with your mileage. Doesn't mean I would trade in at that juncture.
Here's YOUR homework since YOU want to know. Look at the value of a 2012 truck with 120k miles, a 2013 Truck with 80k, and a 2014 with 40k. 2015's haven't hit KBB the last time I checked... All optioned the same way... I would think there will be an obvious answer to your question.
It's tough because you said your hard on the vehicle, so a 2012/2013 I might look at "fair" values and then up to good on a 2014... But only you know if after year one the truck even meets good condition standards.
I still have my old 2003 7.3 which I considered using for this duty but it doesn't safetly tow as much as I need it to, and after driving my 2015 for a month I don't even want to sit in the other truck. The new one is like driving a rocket ship on a cloud.
How well does that supplemental cab heater work? I picked mine up from Seekins in Fairbanks but for whatever reason they forgot to order it with the additional heater
What sort of mileage have you been getting? Mine has about 3500 miles on it (just got it last month). From Anchorage headed out the parks, 200 miles in I averaged 19.6 MPG but I was driving like a grandpa. First 11 miles were all city, then I hit a drive through in Wasilla and the truck went through a regen around mile 60. I was pretty impressed by the mileage. Got tried of driving like an eggshell was under the peddle and going 60mph so I finished the last 160 miles crusing 70-80 mph and made it into Fairbanks at 17.9 mpg average.
Senior User
Joined: Jul 2007
Posts: 295
Likes: 1
From: Louisiana
I have found that 80K miles is the sweet spot for trading in. I have also found that it cost roughly $1K a month to maintain a truck be it new or out of warranty with high miles. This is trucks used everyday in a business. Anything over 100K miles and the value drops like a rock.
Hotshot
Joined: Jul 2005
Posts: 13,834
Likes: 25
From: Middle Tn.
That's a good idea about the KBB values, didn't think of that, thanks!
I still have my old 2003 7.3 which I considered using for this duty but it doesn't safetly tow as much as I need it to, and after driving my 2015 for a month I don't even want to sit in the other truck. The new one is like driving a rocket ship on a cloud.
How well does that supplemental cab heater work? I picked mine up from Seekins in Fairbanks but for whatever reason they forgot to order it with the additional heater
What sort of mileage have you been getting? Mine has about 3500 miles on it (just got it last month). From Anchorage headed out the parks, 200 miles in I averaged 19.6 MPG but I was driving like a grandpa. First 11 miles were all city, then I hit a drive through in Wasilla and the truck went through a regen around mile 60. I was pretty impressed by the mileage. Got tried of driving like an eggshell was under the peddle and going 60mph so I finished the last 160 miles crusing 70-80 mph and made it into Fairbanks at 17.9 mpg average.
I still have my old 2003 7.3 which I considered using for this duty but it doesn't safetly tow as much as I need it to, and after driving my 2015 for a month I don't even want to sit in the other truck. The new one is like driving a rocket ship on a cloud.
How well does that supplemental cab heater work? I picked mine up from Seekins in Fairbanks but for whatever reason they forgot to order it with the additional heater
What sort of mileage have you been getting? Mine has about 3500 miles on it (just got it last month). From Anchorage headed out the parks, 200 miles in I averaged 19.6 MPG but I was driving like a grandpa. First 11 miles were all city, then I hit a drive through in Wasilla and the truck went through a regen around mile 60. I was pretty impressed by the mileage. Got tried of driving like an eggshell was under the peddle and going 60mph so I finished the last 160 miles crusing 70-80 mph and made it into Fairbanks at 17.9 mpg average.
Freshman User
Joined: Jun 2014
Posts: 37
Likes: 0
From: Ponchatoula, LA
I just went through the same process of trying to figure that out myself. My 2013 had 63k miles and I was very happy with the trade value the dealer gave me. That coupled with the rebates and dealer discounts on the 2015s right now made me go ahead and decide to get a new one. I plan on trading pretty much every 2 years or so from here on out.
Lead Driver
Joined: Dec 2013
Posts: 9,762
Likes: 115
Supplemental heater works really well - WHEN it is cold enough out for the TRUCK to decide to turn it on. Last winter as you know was warm and the TRUCK thinks 30F is too warm for the supplemental heater... I also fight the trucks inherent need to immediately bring in outside air on automatic with the heaters on. My son's school last year was 1.5 miles from the house, I could have it toasty warm before I got him to school pretty much regardless of the temps outside.
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Post Fiend
Joined: Jan 2009
Posts: 6,521
Likes: 11
From: Greenwood, SC
Here in the south 100,000 is the magic number for decent trade value. Most any dealer wil just auction any vehicle over that mark, under 100k it depends on the vehicle. A dealer will put a used truck on their lot as long as it has fewer than 100k I would think.
With private buyers, it's all about the truck and how badly someone wants it. I sold my 2011 with 240,000 miles on it and 100,000 miles on the second engine for $19,000. Local true value hardware store wanted it for deliveries and I think the store owner uses it for personal things at times.
So in my experience if you want to sell for a fair price find a person or business that wants the truck before you want to sell it. Typically it's been easy for me to find someone who wants the truck after I'm done with it. There are 2 people in my hometown that have spoken for the 2015 I'm driving now. I like this truck though so I might keep it when it's out of the business rotation.
I always do some looking and talking to folks to settle on a fair price. The sale of the truck goes very easy when the buyer feels they are getting a good value and at the same time I'm getting what I think to be fair value for it. All parties should be content.
With private buyers, it's all about the truck and how badly someone wants it. I sold my 2011 with 240,000 miles on it and 100,000 miles on the second engine for $19,000. Local true value hardware store wanted it for deliveries and I think the store owner uses it for personal things at times.
So in my experience if you want to sell for a fair price find a person or business that wants the truck before you want to sell it. Typically it's been easy for me to find someone who wants the truck after I'm done with it. There are 2 people in my hometown that have spoken for the 2015 I'm driving now. I like this truck though so I might keep it when it's out of the business rotation.
I always do some looking and talking to folks to settle on a fair price. The sale of the truck goes very easy when the buyer feels they are getting a good value and at the same time I'm getting what I think to be fair value for it. All parties should be content.
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