2018 F150 FX4 loses 10K off the lot?
#11
First of all, you can't say value drops like a rock when comparing a trade-in (as in used/titled) price vs new. There'll always be a difference even if you haven't even driven it off the lot. You need to compare its trade-in value at the time you bought it, vs at the time you want to sell it, to know how much it really dropped in value. Or retail new (your $39,765) vs retail used. In other words: Apples to apples man. Comparing retail new vs trade-in used is not value lost, since somebody will make a profit to sell it at retail used, and deducting that sale price from the original sale price is really the value lost.
#12
Senior Member
Thread Starter
Really? an XLT for $15,000 off? Where????
Yes, the resale on these trucks sucks, doesn't matter what trim it is, but the XLT gets hit the worst since you can buy a new one for $15k off all day long.
Some of these lists have the F-150 below the Ram as the worst full-size truck for resale value.
https://news.pickuptrucks.com/2018/1...the-least.html
https://www.fool.com/investing/2017/...lue-in-us.aspx
https://www.businessinsider.com/cars...a-tundra-371-7
https://www.kbb.com/new-cars/best-re...e-top-10-cars/
Some of these lists have the F-150 below the Ram as the worst full-size truck for resale value.
https://news.pickuptrucks.com/2018/1...the-least.html
https://www.fool.com/investing/2017/...lue-in-us.aspx
https://www.businessinsider.com/cars...a-tundra-371-7
https://www.kbb.com/new-cars/best-re...e-top-10-cars/
#13
Y'all need to stop making the FX4 out as if it were a model instead of a cheap option package. It doesn't make it worth more, it's just cheap skid plates and a sticker. It meant something pre 15 MY, but not anymore. What is important is the model, XL, XLT, Lariat, etc. They all lose the same amount of value off MSRP the moment they are titled. Then again if buying for resale, you are doing it wrong. The only difference between new and used is the title. Thats how dealers can sell demos with thousands of miles on and still call it new. Because Ford wants to move as many as they can, the XLT is their main cash cow so they incentivize them down a lot, so it is only natural that they also have lower resale than the other models.
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OCMike (02-21-2019)
#14
Senior Member
Thread Starter
ok its a XLT 4x4 with the FX4 Package (a $770 option).
Y'all need to stop making the FX4 out as if it were a model instead of a cheap option package. It doesn't make it worth more, it's just cheap skid plates and a sticker. It meant something pre 15 MY, but not anymore. What is important is the model, XL, XLT, Lariat, etc. They all lose the same amount of value off MSRP the moment they are titled. Then again if buying for resale, you are doing it wrong. The only difference between new and used is the title. Thats how dealers can sell demos with thousands of miles on and still call it new. Because Ford wants to move as many as they can, the XLT is their main cash cow so they incentivize them down a lot, so it is only natural that they also have lower resale than the other models.
#15
Senior Member
Why go by trade in value? That’s not the true value of the truck. What someone is willing to pay to take it home is the value. Trade in value is BS anyway you slice it. Dealer effectively sells 2 cars on trade ins.
#16
Beer Gut Extraordinaire
I paid $46,000 CAD for my $58k sticker 2018 XLT new in March of last year (This was Ford employee price) and was offered $32,000 on trade with 19,000km/12,000mi this last week. I had my lease taken over with a few bucks back to me which was a godsend. Worthless. Lol
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Sikwill (02-22-2019)
#17
XLT doesn't matter over a lariat. The lariat has more to lose. its probably an extra 6 grand over an XLT new, does a lariat bring 6 grand over an XLT with 80k miles on both and 4 years old. UMM NO! the higher trims take a bigger depreciation hit. I would suggest the KBB deal isn't accurate instead you should look at used truck values. in my area often times the used truck lots want more for a 2 year old truck than you can buy a new one for. There is a reason for this. The reason is there simply is very very few trucks for sale with low miles on the used market. Seriously who trades off a truck that is a year old and has 15k miles on it? not very many people. many people aren't in a position to dump their truck that quick even if they want to that quick. As a result the low mileage 2 year or new trucks command a premium. its one of those things where there is a certain segment of the population that thinks you always get a better deal used. These are the same people who never look at the rebates and deals out there. To them buying new is sacrilege.
with all that said I will say generally the 5.0 trucks are worth about 2k less than the ecoboost trucks on the used market and that holds till beyond 100k.
with all that said I will say generally the 5.0 trucks are worth about 2k less than the ecoboost trucks on the used market and that holds till beyond 100k.
#18
Buying new always has the immediate and definite one time hit in value reduction which i hate - but not enough to buy used. I purchased thru ford initially to get the discount and immediately re-financed thru State Farm with free gap insurance. The rates were really good too. The agent actually drove to my work so I could sign the loan papers - a very nice service.
#19
Beer Gut Extraordinaire
XLT doesn't matter over a lariat. The lariat has more to lose. its probably an extra 6 grand over an XLT new, does a lariat bring 6 grand over an XLT with 80k miles on both and 4 years old. UMM NO! the higher trims take a bigger depreciation hit. I would suggest the KBB deal isn't accurate instead you should look at used truck values. in my area often times the used truck lots want more for a 2 year old truck than you can buy a new one for. There is a reason for this. The reason is there simply is very very few trucks for sale with low miles on the used market. Seriously who trades off a truck that is a year old and has 15k miles on it? not very many people. many people aren't in a position to dump their truck that quick even if they want to that quick. As a result the low mileage 2 year or new trucks command a premium. its one of those things where there is a certain segment of the population that thinks you always get a better deal used. These are the same people who never look at the rebates and deals out there. To them buying new is sacrilege.
with all that said I will say generally the 5.0 trucks are worth about 2k less than the ecoboost trucks on the used market and that holds till beyond 100k.
with all that said I will say generally the 5.0 trucks are worth about 2k less than the ecoboost trucks on the used market and that holds till beyond 100k.
#20
I don't know about that. My dealer has 2 2018 5.0L Lariat 500a packages they bought in from auction. Zero options whatsoever, crew cabs with longer boxes and 5.0's. They also took in a 2018 XLT 5.0 crew cab short box 302a package loaded up for $6,000 less than they bought the Lariats for, and retail is about $5,000 apart. Best way to look at depreciation is lease residuals and you'll see about a 2-6% difference in lease residual values between a Lariat and XLT for any given term.