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valhalla360
No paticular place.
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Joined: 08/19/2009
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I get what you are saying and there is some truth to it...but there was also a lot of luck involved in your example (or your a genius at predicting the market)
We picked up a used 2008 V10 F250 4yrs ago for $10k. Looked up and similar trucks are currently going for $15-18k...truck prices are crazy high right now. In a more normal market, you used 14yr old truck might only be worth $8-12k (hard to say as you didn't provide mileage or condition info)
At the same time, Fall 2008 was in the middle of the financial meltdown and they were practically giving away new trucks. BIL picked up a binged out diesel F250 for $38k around that time. I think the MSRP was something like $65k.
The timing of your purchase & sale, could easily have saved you $30-35k.
Resale does play a factor but the folks saying you get 100% or more of the diesel upcharge back are being unrealistic. Particularly as you get into the 15-20yr old range, the body, suspension and little odds and ends are likely pushing most people to retire the truck...not the power plant.
Tammy & Mike
Ford F250 V10
2021 Gray Wolf
Gemini Catamaran 34'
Full Time spliting time between boat and RV
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nickthehunter
Midwest
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I bought my gasser in 2019 and today I could sell it for more than I paid for it. That doesn't mean you'll make money if you buy a gasser; what it means is your comparing apples to oranges. The market has changed in the last year and everything is selling for a gazillion dollars then what it should sell for. Two years from now it could be the total opposite.
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Cummins12V98
on the road
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Grit dog wrote:Durb wrote:It sounds like you sold your old truck too cheap unless it had a kajillion miles on it or was rusted out. I think I could get that for my 2004.5 which is about what I paid 9 years ago.
PA is a long ways from WA. Market is strong for sales everywhere, thanks to....nevermind, not going there, lol.
But the PNW and some other areas are even higher. Unlike PA and other economically depressed and much lower cost of living states.
But that's still alot of money. Diesels retain value well, but a Ram unless a G56 trans from 07.5 is less valuable overall than any comparable 5.9 3rd Gen, unless it's deleted. So I'd say he got very good money for the truck and the location.
But your right, a cherry condition, sub 150k mile 6.7 4x4 quad cab would fetch a bit more out here.
NW WA I recently did a $27,000 short term loan using my 01 Sport 2500 4x4 with 160k as collateral.
CRAZY times!!!
2015 RAM LongHorn 3500 Dually CrewCab 4X4 CUMMINS/AISIN RearAir 385HP/865TQ 4:10's
37,800# GCVWR "Towing Beast"
"HeavyWeight" B&W RVK3600
2016 MobileSuites 39TKSB3 highly "Elited" In the stable
2007.5 Mobile Suites 36 SB3 29,000# Combined SOLD
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Grit dog
Black Diamond, WA
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valhalla360 wrote:
Resale does play a factor but the folks saying you get 100% or more of the diesel upcharge back are being unrealistic. Particularly as you get into the 15-20yr old range, the body, suspension and little odds and ends are likely pushing most people to retire the truck...not the power plant.
Sure the market fluctuations play a huge part in resale (and purchase) but take this example then since you think someone is cherry picking numbers.
2001, new gasser 4x4 truck. Purchased during the dot come recession, got a good enough price it pushed me to actually buy a brand new vehicle (because I know NEW cars are a bad investment I typically don't buy new). Sold in 2005 with 125k miles on it, pristine condition, "normal" economy. Got $7500, best I could do trying to sell it for months.
Bought used 2002 diesel 4x4 with 25k miles for $25k, sold in 2009 at the height of tht recession for $17,500 with 150k miles.
25% ROI on the gasser vs 70% on the diesel, say the numbers are skewed however you want, resale is there. Period.
And if you're trying to make the argument that a 15-20 year old high mile truck that's beat up won't fetch the full diesel premium purchase cost back, that's about the funniest thing I've heard in a while. That's like saying 2 ply toilet paper isn't a good value because it's hard to wipe your ___ with the cardboard roll...once it's used up, it's used up...
2016 Ram 2500, MotorOps.ca EFIlive tuned, 5” turbo back, 6" lift on 37s
2017 Heartland Torque T29 - Sold.
Couple of Arctic Fox TCs - Sold
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Grit dog
Black Diamond, WA
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Cummins12V98 wrote:
NW WA I recently did a $27,000 short term loan using my 01 Sport 2500 4x4 with 160k as collateral.
CRAZY times!!!
That is nuts! But it's a nice truck! 01 Sports are my favorite 2nd Gens.
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time2roll
Southern California
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Joined: 03/21/2005
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Good to sell into a market of vehicle shortages.
Nov 2008 was around the start of the great recession, must have gotten a good price to buy.
Impeccable timing can work wonders. Not many can double end it.
2001 F150 SuperCrew
2006 Keystone Springdale 249FWBHLS
675w Solar pictures back up
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Grit dog
Black Diamond, WA
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time2roll wrote:Good to sell into a market of vehicle shortages.
Nov 2008 was around the start of the great recession, must have gotten a good price to buy.
Impeccable timing can work wonders. Not many can double end it.
I did, bought another diesel in 2008 for $31k 10k miles on it. Sold it 2 years ago for $30k with 190k miles on it. I just didn't use that example because the numbers were skewed, bought low, sold high...
But I also generally try to extract the most value out of purchases. Not everyone does, but those that don't will "think" something isn't a good deal, just because they weren't smart about it and it actually cost them more than a lesser purchase that they also weren't smart about.
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Cummins12V98
on the road
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Grit dog wrote:Cummins12V98 wrote:
NW WA I recently did a $27,000 short term loan using my 01 Sport 2500 4x4 with 160k as collateral.
CRAZY times!!!
That is nuts! But it's a nice truck! 01 Sports are my favorite 2nd Gens.
Yes I really like the truck, thanks! I looked long and hard for the same with a 6 speed but no luck!
My Son has my 98 12V in DFW area and it still is a beast.
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Lantley
Ellicott City, Maryland
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This is a crazy market we are in now.
All used vehicles are currently selling/returning for higher than normal prices.
The kicker is new vehicles are also selling for higher than normal prices
19'Duramax w/hips,12'Open Range,Titan Disc Brake
BD3,RV safepower,22" Blackstone
Ox Bedsaver,RV760 w/BC20,Glow Steps, Enduraplas25,Pedego
BakFlip,RVLock,5500 Onan LP,Prog.50A surge,Hughes autoformer
Porta Bote 8.0 Nissan,Sailun S637
Correct Trax,Splendide
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Vintage465
Prunedale CA.
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I really never brought the difference in cost into the picture. Nor did I think about the resale value. I wanted the easiest way possible to tow my trailer in my retirement years. I've towed with all sorts of different vehicles since 1982. I figured I did my apprenticeship with everything else and now-a-days I don't ever see myself towing with anything else. It's just so easy....and quiet.
V-465
2013 GMC 2500HD Duramax Denali. 2015 CreekSide 20fq w/450 watts solar and 465 amp/hour of batteries. Retired and living the dream!
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