Thinking about going from an '18 XLT 3.5 20k miles to '15 Platinum 3.5 w/50k miles
 

However the platinum has a salvaged title. On the plus side:
- adaptive cruise control
- silver in color (easier to hide scratches)
- shorter bed (easier to park)
- heated/cooled seats
- console storage

On the down side
- shorter bed (will miss the 6.5ft bed)
- salvage title & having to roll the dice on that

Basically, my XLT (20k miles) is a beast the way I see it. max-tow package. heated seats. but to be honest, the adaptive CC, leather seats & shorter bed of the platinum (50k miles) would make it way more practical as a DD.

Would actually reduce my debt by about 2k since trade in value is 34k, and platinum price is 31.5k. Really not too worried about the 3.5EB from 2015 though. I guess there could be problems but who knows.

Has anyone here went from a larger truck like a CC longbed to a CC shortbed or something of the like, and or specifically from an XLT to a lariat / platinum / limited

for visual reference

my XLT
https://i.imgur.com/y3O1LvL.jpg

the platinum
Attachment 567609

Why does the Platinum have a salvaged title?

That I do not know.

That would be my first question to them before I even entertained buying it. If it was a flood vehicle you could run into serious electrical glitches that show up after any warranty they offer with the truck (if they even offer one) has expired.... & you would be stuck with the bill, meaning your savings has turned into a debt real quick.

Many states/insurance companies will not allow full coverage to be issues on a salvaged title so if you 'total' it you'll be stuck paying the note on the truck.

Would I do it? Not in a million years.

A quick google search of the VIN# found the following information:
VIN:1FTEW************
Odometer:49,566 MILES - ACTUAL
Title:TX SALVAGE TITLE
Auction Verification:RUNS & DRIVES

VEHICLE DESCRIPTION

DAMAGE TYPE: THEFT; RIGHT FRONT
LOSS TYPE: THEFT
ENGINE: V6, 3.5L; TURBO
BODY STYLE: 4 DOOR CAB; STYLESIDE; SUPER CREW
DRIVE: 4WD
FUEL: GASOLINE


Personally I still wouldn't trade a '18 for it, but ultimately the choice is yours. At least with this info, your more aware of what your dealing with now....

So it was stolen and probably crashed during a police pursuit. Not as bad as flood vehicle, but I still wouldn't do that trade. Keep in mind, you will also have to contend with selling it years down the road.

Run away, run away as fast as you can. Salvaged titles are more likely than not to be a nightmare, especially down the road. Not to mention the price seems way to high. who did the repair? what parts did they use? Most the time they are sold at auction to people looking to make a quick buck. They use the cheapest parts and cut corners. when you go to sell it, you will have a very limited market and financing will be very difficult.

I'm sure you are aware that you can add both of these to your truck yourself.

No way I would give up 2 years, max tow package, or the 6.5 foot bed for a truck that is 3 years older. Plus, you think your truck is worth 34k trade but they will offer you like 28k for trade.

OMG do this! Your current truck looks really nice. And you know how you treated it. Add the leather, get better quality. Add the acc. Done!
Cooled seats are garbage anyways.

Never in a million years. Just giving up the warranty isn't worth it.

No way a 18 to a 15 salvage title just to save 2k.

Not in a million years. A 2018 that you bought new, versus a *salvage* 2015? Plus you're going to a 6-speed/1st gen 3.5, versus the 10sp/2nd gen? You also aren't likely to save a dime after you look at documentation fees, taxes, registration, and other costs.

I'm in awe of your comment that "the adaptive CC, leather seats & shorter bed of the platinum (50k miles) would make it way more practical as a DD". Holy ****, seriously? The bed makes a minor difference. The leather seats and adaptive cruise make ZERO difference to daily driveability. I like mine, but geez, they certainly aren't required.

Keep what you've got and add the features you want to it. Most are very well documented here.

No worries. He will wake sober tomorrow.

I do not remember ever coming across a "Salvage title" that had minor collision work...

No insurance carrier will offer comp or collision...

This vehicle is not a good idea to purchase for your situation...

You are (or will be) an absolute FOOL to pay $31.5k for a 4 year old 50k mile truck with a salvage title. Even without the salvage title you would be a fool. I actually checked to make sure it wasn't 4/1.

You will have the hardest time re selling.

As others said, NO WAY. Beyond the reasons they listed, going from Sync 3 to MFT/Sync 2 would be a huge downgrade.

34 offered on trade in

I saw someone do it here to a 15-17 model but i had not looked in to see how different it is for an '18 model

i would probably never used the cooled seats. if i could add all this for 2k or less that would be huge.

NO WAY:eek2:

That Platinum is worth 20k tops with a rebuilt title. Theres no way in hell I would trade in your new
full warrantied truck for a 4 yr old rebuilt truck that doesnt have a warranty or hard to finance if you can. I would run as quick as you can. If you want a platinum that bad, there are other ones out there. That dealer will laugh their way to the bank(especially you personally)if you made that deal. I wish you the best of luck in whatever decision you make:).

The dealership that has the truck has a working relationship with some finance companies (according to the website)....

That at least explains the absurd asking price for a four year old salvage title.

Yeah.. the FBG - First Bank of Guido.

Banks will finance rebuilt title vehicles. Just have to be a good price.

According to KBB you should pay 20-40% less for a salvage title/rebuilt title vehicle. According to kbb a fair price for that platinum is 38k. Take 30% off that price and your are at 26,600. I wouldnt pay over 25k for that truck. Especially since I already have a 2018 in perfect condition.

https://cimg7.ibsrv.net/gimg/www.f15...4cbab90ed7.jpg

So in other words they know their asking pricer is whack.

Of course. That way they can give you a ridiculous amount for your trade making you think you're getting this great deal while technically getting screwed in this particular situation.

After coming here and seeing the replies one would think you'd figure out in a hurry that this is simply a horrible idea.

But then, it's your money to waste.

most banks wont, but there are a few that will.

OP even if you could look past the salvage title, which i couldn't, the price is way too high. you can get a clean title 15 platinum with similar miles for not much more than that.

That's a huge risk on a over priced 3+ year old vehicle that you have no idea on how it was repaired. So many red flags. Keep what you have a mod it too your taste with peace of mind.

edited

You see, this is a -forum- where people ask -questions. The reason I, & most of us post threads is to get .... feedback. And then there are people like you who sling insults, using verbiage like "you'd think by now that ..." while also implying I -had not- figured out in a hurry it was a bad deal.

I cant wait until you ask a question you don't know the answer to & someone rips you a new one.

I would also suggest finding and eliminating the source of frustration causing anger issues I am sure you have in real life.

To everyone else, I will be staying away from this deal.

If you really need to save some cash sell your truck private party then come back and low ball the crap out of that Platinum.

There's asking a question about parts compatibility or troubleshooting - which countless people here will be happy to help you with - and then there's asking if you should trade your brand new 2018 for a salvage high mileage 2015 straight.

You can finance a salvage title, I have 4 times (when I was younger and couldn't afford to spend as much). My dad rebuilds vehicles for a living, bought all of them from him. They all got inspected by the Kansas Highway Patrol and then my loan officer looked them over. First one was a 01 Superduty with 9K on it. Sold it with 196K on it and only ever replaced the starter.

But in this case, not way. You obviously paid way more than the 34K trade value, so you are losing out big time there and you are trying to save a measly 2k for a couple different features. I think you are nuts.

Thanks Doc!

I could have done a better job offering more information and appreciate your helping out.

It is likely a State wording item. Here is a good read on the topic... https://www.valuepenguin.com/how-get...-salvage-title

Hope that helps...

You can. Katzkin leather is probably $1500 for both rows professionally installed (and will be nicer than factory leather) and parts for cruise are probably about $400 or $500. There are posts on here for how to add adaptive cruise to a 2018.

You read an awful lot into a post that simply isn't there.

I'll just assume for anyone stupid enough to consider what you were considering is just exactly that. Stupid.

How's that for anger, Bruh.

Hes not gonna get 34k on his xlt private so it would be a total waste of time to sell it private for less then low ball the platinum. The scam here is offer him an above market price as trade to make him feel like hes getting the deal but then they make the money back by selling him the other truck at an above market value. I wouldn't mess with a salvage title vehicle at these amounts but realistically the deal might not be that bad if you look at the real numbers, it sounds like the xlt is over valued by at least $4k and im sure the platty would seem like a better deal at $4k less if non salvage are going for high $30's.

You can add all those things easily but it still wont be a platinum. I dont know if this is op's case but i see this all the time and on all forums, guy buys a lower model and swears he did so because thats exactly what he wants/needs then a few years later hes trying to add all the things he swore he doesnt want or trading it out entirely.

No, it still won't be a platinum. But the platinum he is looking at is almost 4 years old now, has 50k miles, and a salvaged title. He stated the main things he wants are leather and adaptive cruise and those can be added to his 2018 XLT fairly inexpensively.

First of all, run away from that deal. Second I'll answer the other questions asked, I had one F150 with a 5.5 foot bed - never again, way too small and I don't haul what I would consider a lot of stuff but I do occassiionly fill the bed on long weekend trips. My ATV barely fits in a 5.5 foot bed.. With all the cameras it's not hard to park and most times I'm in a lot where you can just pull straight in. I had a '15 :Lariat and now have an '18 Platinum and I never use the adaptive cruise. Maybe if I drove in more traffic it would be useful? I really like the heated seats and steering wheel. The cooled seats are nothing special. In general I really like my '18 with the power running boards, way more useful than the others I've had forever. At least these I can actually step on and not get my pant leg all dirty. I also have the 3.5 and tow a boat that weighs around 4,000 pounds and it really does a great job towing and stopping. To me any that are '15 or newer a truly amazing trucks.

I am not as skeptical of salvaged titles as others but would expect a significant price discount compared to market and $31k is not enough of a discount IMO. It's a mid $20k truck, tops.

If you are really interested you should at minimum get a PPI and look into third party warranties - it should cover you if things break and as I recall, none of the third party warranties I have purchased over the years have asked if the title is clean. At some point further down the depreciation curve you should be able to sell, especially if you can show that you have had XXXX trouble free miles, but as others have said you'll likely have to hold it for some time.

As for upgrading your current vehicle - always an option but you will likely never see any return, even partial, on those upgrades. At the end of the day it's still an XLT trimmed F150 and buyers interested in leather and gadgets would be looking a trim level or two up. Good luck!

Edit: Most platinum trims come with climate control, heated and cooled seats, power deploy boards, different gauge cluster, 360 camera, and pano roof - at least that is how they are typically dealer optioned here.

You've already made up your mind....I'm anxiously awaiting your "I can't believe I ************************* post"

Good point..

You must have skimmed straight to the end to miss where he already posted this.....

I disagree there is no universe where this is a good deal. If it was half of what they are asking, maybe, and that is a BIG maybe. This could very well be a flood car that the iron lot selling it got for $5k at an insurance auction. No one really knows why it was totaled and bottom line, a totaled car is not worth what they are asking.