OT Used Pickup prices

What is up with used pickup prices these days?
Talked to a dealer about his Chevy 2500hd with 157K miles. He said he would take $15K for it.
Who would buy a truck with that many miles for that price?

Probably a diesel with all the fancy options, right?

It probably rolled off the lot for a cool $45,000+ new.

HD pickup trucks aren't cheap. The market for them is still healthy because of all the people looking for them for work trucks, or to haul their huge campers once or twice a year.

nobody with any sense, id think the thing would be worth about half that and thats if it looked new with no apparent problems

(quoted from post at 05:35:07 08/03/12) What is up with used pickup prices these days?
Talked to a dealer about his Chevy 2500hd with 157K miles. He said he would take $15K for it.
Who would buy a truck with that many miles for that price?

Click to expand...

I forgot to mention that the $15K truck is 6.0 gasoline powered 2003 .

I thought I saw a bad deal last week, went with a neighbor who was trading his 1990 F-350 5.4l gas truck with an 8' Fisher plow and 90,000 miles for a 1996 Dodge 2500 with a Cummins and 95,000 miles. The Dodge was $21,000 and the allowed him $8,000 for the Ford. Maybe this was not as bad as I thought.

What 1990 Ford had a 5.4 engine?

$21,000 for a 1996 Dodge?

My cousin got his first truck. The old farm truck of theres. He got it for free and it came with seat covers, half tank of gas,a few deer slugs and 3 years worth of dog hair. Its a 1993 Cheavy 2500

I just bought this 94 Ford with 76,000 miles on it for $1000. Not a lick of rust either. Its only 2 wheel drive, but its kind of a chase around truck for the farm anyway. Its outfit with a straight six, manual transmission, and 3.08 tail gears. The old girl consistently gets 19+ miles to the gallon. Can't beat that for a grand!

<a href="http://s85.photobucket.com/albums/k58/BillyinStoughton/?action=view&amp;current=DSC01382.jpg" target="_blank"> </a>

Chevrolet doesn't build a honest-to-goodness heavy-duty truck, by ANY stretch of the imagination.

I’ve worked on too many of the flimsy things.

Just my opinion and stated as such. :>)

Allan

Here at the dealership we have a list of people wanting good used pickups. They are almost impossiable to find with low milage. The price at the auctions are far more than they were 2 years ago. Im not saying you cant find them, it just that they are far and few, people cant afford $65000.00 for a new pickup, but they can afford $20000.00 for a used 1, if they can find it.

I apologize, it was a 2004. Brain malfunction.

I really lost it, the Dodge is a 2006.

I really lost it, the Dodge is a 2006.

That makes a lot more sense.

I have got a '97 Ford F-250 diesel exteneded cab with 160,xxx miles. Good ole solid work truck and was thinking of asking $7500 for it, maybe thats to low...........

Yes, prices are crazy... especially for the condition/miles of a lot of them.

Took us two years to find a really nice pickup that was a decent price.

Whenever you trade a Ford for a Dodge its a bad deal

The price of trucks has really shot up I bought some 2010 1/2 tons 4 wheel drive crew cabs fairly well equipped but not excessive they listed at $35,000 with fleet discounts I got them for abut $25,000. Same truck new this year is closer to $40,000. A year later the blue book on 2010s for a private party sale was about $25,000. On new 3/4 and one tons it's not hard to see $50,000 to $60,000 dollar trucks. A lot of this is the new fuel economy standards a two sided sword the additional equipment on the truck for fuel economy (Like Ford's ecoboost engine) and that if they sell to many trucks the manufacturer won't meet their cafe (corporate Average Fuel Economy) and the fines go into the millions of dollars quick. The fine is the amount they missed the CAFE standard x number of units they sold (all vehicles)x a per unit fine. That and most cars last 200,000 miles or more with normal care, pick ups even longer. The Chevy with 157,000 miles on it probably still has 75,000 miles left in it at 15K is about a 1/4 of what it cost new.

Reader's digest version- using gasoline or diesel is really bad, it causes global warming, it causes the world to hate us and want to kill us because we are using up all the world's resources, because we are using all the gas and diesel the third world doesn't have gas and diesel, people that drive pickups are also the same kind of people that have guns so they are evil and must be punished. So if your an evil gun loving person that wants to drive a pick up you must be punished. This is the hope and change that was voted into office a few years back, I don't care much for it but the majority has spoken, leave revolt or vote a new ideology into office.

I bought a 2000 F-250 4x4 w/5.4L with 60K miles last winter for $5000. I think I got a good deal, but I sure wouldn't pay 3 times that for a similar truck with twice the miles.

Anyone priced a new truck? If you are looking at a new diesel pickup then you have all the emissions crap to worry with. If you are going to buy another truck and you are not going to get a new one because it cost 50K plus then you have to pay for a used one. Car dealers know this. So they can raise the prices because while you may not pay the high price for one somebody else will. I'd like to have a newer truck myself but I'm not paying the price. I don't like the high prices more than anyone else does.

Chris

I wonder if the external_link "Cash For Clunkers" has anything to do with it! Over the last few years I have seen a lot of news stories talking about how used auto prices are much higher now due to an unusually tight market. Production cuts during the recession also means less trucks on the market

No one wants the 5.4's. I got my F350 for 1200$ because its a 5.4

I don't think it's so much the used car dealers "raising prices" on the used trucks as much as the market has driven prices up. As said in my previous post new truck prices have risen, that has trickled down to used prices being higher, people that may of bought new trucks can't afford them our are hesitant to spend the money with the weak economy and are buying used instead. Emission and fuel economy requirements have driven new prices up as well as the restructuring of the auto industry, if they accept they'll be selling fewer trucks their fixed costs will have to be spread out among the fewer trucks (higher fixed costs per unit). Cash for clunkers also took a lot of used units out of the market and the depressed sales on new vehicles for a few years is driving the residual prices of the vehicles that were sold higher. I also think we have accepted that a car or light truck can very well run 200,000 to 300,000 miles now so the perception of higher mileage vehicles has changed. 30 years ago we had an emotional attachment to a vehicle only lasting 100,000 miles. Heck our odometers only registered to 99,999.9 miles. Due to improvements in our vehicles, improved oils and fluids, changes in our vehicle usage and increased miles being driven we now accept a longer service life so a high mileage vehicle is worth more. Case in point the banks will lend more money on them, and available financing is another value determination in vehicles

I'm sure he would take 15k for it. He'd probably also take 10k for it!

"These days?" This isn't new. GOOD used pickup trucks have always been expensive. It's not hard to figure out why: There's a steady demand for clean used pickups, yet most used trucks have been rode hard and put up wet.

I bought my first new pickup in '87. I think it was fully loaded and cost $14K. A clean used pickup at the time would run around 4 or 5 grand. Let's say 30 percent of new. So these days, new trucks are around 50 grand and used ones go for about a third of that. No real change.

They (trucks) are good for hauling. Otherwise I don't know why anyone would want a pickup besides ego. Might as well live at the gas station.I've wanted a truck for a couple years now but I'm not paying 8 or 10 grand for a very used one.

Prices on used minivans are no better. I've seen anywhere from $4000 to $10000 on lots for Dodges, but a new one is 20,000 or more. Guess I'll be running my 99 a while longer.