H82LOSE

iTrader: (1)

Well it's been 100 days since I purchased my 2012 F150 (NEW) from my Ford dealer. I had to goals in mind this week, change oil for the first time and get it refinanced through my local bank (currently through Ford credit because of rebates) Let me just say my truck is no top of the line but it is a pretty well optioned out XLT with a sticker of $43,065.00. After checking around this week with local banks and checking the value of my truck it appears I'm completely upside down. I owe $29,300.00 have 5,000 miles and no bank wants to finance it because the trade in value is $25K with a retail of $30K. Ok lets be realistic I'm not totally upside down but its bad enough no bank wants to loan me money unless its 8% or more because of the trucks listed value. And might I had my credit is lets just say "PERFECT". Moral of the story I'm not a very happy F150 owner at the moment.

2011LIMITED#288

That sucks..I've had it happen. There's a lot of these trucks available is the problem... Good luck.

Thislilfishy

All vehicles loose 30% or more the day you drive it off the lot. Typically it's about 3 years before you start to break even depending on your down payment and financing rate. Buying new is always a loosing investment, always.

H82LOSE

iTrader: (1)

I completely understand the value drops when you drive it off the lot but dang from 43K to 25K in just over 90 days. WOW is all I can say!! I think your right on 2011LIMITED#288 in that the market is flooded with these trucks. Basically everyday when I hope in it the value drops by $125.00 so by the time the year ends I'll making payments on scrap metal.

jdog0411

Just as a reference....I just traded in my 2011 Lariat 4x4 Ecoboost with 4700 miles on it and the dealer gave me $32,000 trade for it. I bought it 8 months ago with 300 miles on it for around $40K. I lost some money on it, but that is to be expected when you trade in, and especially only 8 months from original purchase date. I'd say $32K was a pretty good amount for the truck. They will probably turn around and list it for $37K.

Colby10

Its not like you paid 43, you proabably paid closer to 35. So if your truck has gone from 35 to 30, thats pretty damn good for a new vehicle!

I would say that original sticker price isnt coming in to play at all, because realistically the truck was never worth that much.

I paid 34.5 for my truck and the sticker was 46,600. The banks know that nobody pays full price for an F150.

I think that the trick with these trucks is to wait 2-3 years, there are alot of guys who want the new engines but are waiting for the prices to come down a bit. I think that the value of your truck shouldnt change much between 2-4 years old, you should be able to catch up then.

flyingpostman

Has anybody ever paid full sticker price?

iFord

The reason I buy used, and keep my trucks a long time! You must keep it to drive your money out. Depends on how much a person is willing to spend on their trucks annually.

sharper4

Double check that the finance company is re-financing a NEW vehicle. About a week after I brought my truck home I went to re-fi and they mentioned a very significant devalue in my price and I reminded them it was new. They re-punched the data in for a brand new vehicle re-fi and the value was no longer a problem.

Colby10

I though after I posted it that If he did I'd feel like a jerk, but nobody should..

ID say you lose about 25-30 % off of the price you pay unless you steal it!