gregsf150stx

So, a friend of mine was looking at a 18 F150 FX4 at a local dealer. I was going to help him with pricing, etc to make sure the dealer didn't totally screw him.

The truck is a 2018 F150 4x4 5.0V8 supercrew with the FX4 Package.

Now, mind you, sticker on this truck is 51,245, and has been on the lot since approximately January 2018.

I helped my friend wiggle the dealer down to 6480 in dealer discounts (so, selling price about 12.7 % below MSRP) - - 44,765

Rebates pretty well suck here. Only 4,000 in rebates (another 500 if you finance). (Compared to the 6750 figured in December if financed).
Dealer had a 1,000 certificate he applied (mainly due to the age).... So ending selling price after rebates 39765.....TOTAL DISCOUNT = ~ 22.4% off

Curious me, went to KBB, and did a trade-in value for this truck. WTF! ! ! 30,000 trade-in value for this truck after you drove it off the lot (that was the high side of the value).

How can a F150 Crew 4x4 Fx4 XLT loose 10,000 right off the bat???????

So much for these trucks holding their values. Am I missing something here?

My little ole 18 regular cab XL only lost 2,800 value since I bought it (of course, I'm looking to trade it/just curious).

I'm amazed how much these trucks lose value (vs how much we pay for them)....

thatsAgood1jay

Always assume 25% loss in 'value' when a vehicle has been titled once. Then you're looking at trade in value, which will always be lower than actual re-sale since you're 'paying' for the dealer to take the truck off your hand.

This is why GAP policies exist, and why 0 down payment is always a bad idea.

MF cowboy

Think the 2018s were advertised at roughly 25% off up north here before Christmas.
There was 1 old stock 2018 built in late 2017 I inquired on in November, dealer said he would take an extra $1500 off the 25%.
The longer they sit on the lot the dealers seem to be a little more willing to cut a deal.
One guy figured if the truck sits so long on the floor plan then the dealer ends up paying for the stock.
Oh yeah don't buy it for resale value, there is none.

AricsFX

iTrader: (3)

gregsf150stx

yeah, I guess Lariat's, Limited's, and Platty's surely hold their value much better (would hope for anyone who buys one).

Like I said my XL didn't drop that much %age in value (maybe 13%) .. But still, you think a 40K truck wouldn't lose 25% right off the bat.

Of course, KBB isn't the "king" of trade-in values. A dealer might be willing to add more to a trade-in value to make a sale, or if they feel like they'd have no problems reselling it.

gregsf150stx

butcher73

it's all relative right? If you were buying a used truck that was titled, how much off a brand new one would it take for you to buy the "fairly new" used truck vs a new one? And keep in mind... dealers are for-profit business and need to make some fair money in the process.

FLSTFI Dave

Cars and trucks always take a big hit when you drive them off the lot. F-150 Platinum's take a hit too. Mine stickered at 66K in April of 2017. I bought it for 58 K. Today trade is worth 38~39K

MF cowboy

I would have bought a drop like a rock used one, but there aren't any in Canada.
The good used are all going south to the Americans.

SCrewYou

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/