Trade in value
Senior Member
Joined: Aug 2015
Posts: 1,148
Likes: 157
From: Richmond, Tx
All the rebates out now kill trade in value on these trucks for those who bought before the big sales. For what it is worth, my truck 9 months old with 30,000 miles that stickered at 43k is tradeable at 25k. What you made a deal for your truck when you bought it is irrelevant. I just used sticker as a point of reference. Resale don't care what you paid. Mine is kind of high miles so reflected in the trade price. I intended to go 10 years and 300k miles on this one and the only reason I found a trade in price is because of all the problems I have had with frozen and inoperable locks. Was thinking of a tried and true F-250 on the last year of it's generation before the remodel. They must have every bug fixed in those by now as long as I get a 6.2 gas. Glad I don't have same problems with a 65k F-150 like others have. I do think that after 10 years these trucks will have better residual value as that is about the time rust starts to eat most trucks. Trading early you most definitely will take it in the shorts at least when Ford is trying to fire sale new ones right now. On the positive side the most it can go down is just another 25k more can't it....
Last edited by RACER X; Feb 12, 2016 at 07:19 AM.
Thread Starter
5 Year Member
Joined: May 2015
Posts: 1,296
Likes: 755
Buying and holding by taking exceptional care of a vehicle is the only way to really get my money's worth from buying new. I figure that at 100,000 miles my truck is worth give or take the same as when I hit 200,000 miles and then at 300,000 miles I would have driven the 200,000 to 300,000 mile interval at really no depreciation at all. I have run work trucks to near 500,000 miles and really just replacing wear items they are not that expensive to maintain. The smart move would be to find a truck with 100,000 miles that psycologically to others is finished and has too many miles, buy it and then use it for another 200,000 miles. I just like having a new truck once in a while. Again I am not bitching at all about the worth of my truck. I know the game. Vehicles are the worst place to put money, but it is just one of life's expenses. They are still way cheaper than the wife is. (just kidding honey, you are worth every dime....) the cold reality is, it is just a chunk of metal that someday will see the crusher no matter how much it is loved today. Now fix my damned locks Ford with updated parts to cure the freezing problems.
Senior Member
Joined: Jan 2015
Posts: 285
Likes: 48
I've had decent luck over the years getting a good trade in, however I've experienced a few lessons as well.
Last few years I generally purchase the higher trim levels as they seem to hold their value better since I trade every year. The XLT's seem to have the highest rebates and more of them sold, so this is working against you if you trade often. Long term the XLT is a good value for the money.
Example: Purchased a New 2011 F150 Platinum 4x4 for $40K and sold it in 2014 for almost what i paid for it.
Just my $.02
Last few years I generally purchase the higher trim levels as they seem to hold their value better since I trade every year. The XLT's seem to have the highest rebates and more of them sold, so this is working against you if you trade often. Long term the XLT is a good value for the money.
Example: Purchased a New 2011 F150 Platinum 4x4 for $40K and sold it in 2014 for almost what i paid for it.
Just my $.02
Senior Member
Joined: Jan 2016
Posts: 792
Likes: 207
Just ran a kbb.com report on my truck with 300 miles on it.
2015 F-150 XLT 302A Flame Blue SC 6.5' bed Tow pkg 4x4. For the kbb.com report, I put it at 1000 miles and obvious excellent condition.
Range for trade: $30,537 - $32,208, mid range = 31,278
Private party: $34,652
Considering I paid $34,510, it's about what I would expect.
Changing the mileage to 300 results in $34,719 private sale value. and $30,424 - $32,275 (which doesn't make sense on the low end with a lower value than at 1000 miles).
Changing it again to 30000 miles reduces the dealer range to 27,887 - 29.738, with mid range 28,808 and private sale to 32,182. So, those 29k extra miles reduces the average trade by $2,470 (about 8.5 cents per mile).
2015 F-150 XLT 302A Flame Blue SC 6.5' bed Tow pkg 4x4. For the kbb.com report, I put it at 1000 miles and obvious excellent condition.
Range for trade: $30,537 - $32,208, mid range = 31,278
Private party: $34,652
Considering I paid $34,510, it's about what I would expect.
Changing the mileage to 300 results in $34,719 private sale value. and $30,424 - $32,275 (which doesn't make sense on the low end with a lower value than at 1000 miles).
Changing it again to 30000 miles reduces the dealer range to 27,887 - 29.738, with mid range 28,808 and private sale to 32,182. So, those 29k extra miles reduces the average trade by $2,470 (about 8.5 cents per mile).
Member
Joined: Jan 2016
Posts: 136
Likes: 49
From: Bristow, VA
I got $30K trade-in for my 2012 Lariat SuperCrew 4x4 that I paid $40K for four years ago. I got $9K off sticker on my new Lariat 4x4 so I think the deal was very fair. That truck held a better re-sale than any of the BMWs or Mercedes I ever owned, not to mention much, much cheaper to maintain. No complaints here on resale even with all the discounts. I agree with the other post, it's about keeping the truck maintained and looking good.
Thread Starter
5 Year Member
Joined: May 2015
Posts: 1,296
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But add back in to your purchase price massive rebates that were unavailable early last year and your numbers don't look as good. I did not think that Ford would rebate the hell out of the trucks within the first year. My bad. Yes mine is a 3.5na and not what many are looking to buy. It has been an excellent motor for my use.
I was looking at buying a high-end. MB/Audi and the like. So I started looking (just cocking around really) at a Ghibli.
They retail brand new for 77K. A one year used car, with 10K miles, goes for 55-59K.
Almost a 25% drop in value in one year
Senior Member
Joined: Jan 2016
Posts: 792
Likes: 207
But add back in to your purchase price massive rebates that were unavailable early last year and your numbers don't look as good. I did not think that Ford would rebate the hell out of the trucks within the first year. My bad. Yes mine is a 3.5na and not what many are looking to buy. It has been an excellent motor for my use.
Senior Member
Joined: Dec 2014
Posts: 719
Likes: 126
From: Mid-Atlantic
Luxury vehicles do NOT hold their value for ****... how do I know? I own a BMW too.
People that buy those cars, typically want the 'latest and greatest' so a 4 year old Mercedes doesn't have all the new gimzos and gadgets that the new ones have. Those companies make cars for people that buy a new one every 2-3 years, not for the person that is keeping them for 10+ years.
Luxury makers also cater towards the 4 year lease guy, and bank on them trading it on and getting a new lease/car.
Trucks however, do hold their resale value a lot better. However, ALL vehicles lose money. And buying a NEW vehicle, we all know, the second you drive it off the lot, you probably just lost 5-10% regardless of miles.
... I see ALOT of guys on here talking about buying a new truck every few years due to mileage, which I somewhat understand, but I do find it surprising at how many people had a '09, then got a '13, and not just bought a '15 or '16... kinda odd, but does make sense in a way if you drive a lot.
I drive average mileage and plan on keeping my '15 for 10 years!