I’ve recently added trucks to my vehicles searches and ended up on a 1998 Ford F-150 Super Cab at a dealership for $7,400. Since I’m still in the process of learning through the car buying process, I thought I’d give it a check (just to see how it’s like at a certified dealership) however is that price ridiculous? The truck has 94,524 miles on it but I figured it wouldn’t negate the age of the truck, even if it would last another 100k miles. I checked with KBB and Edmunds to see what values they would spit out, and they haves values around 3.5k-4.5k as being reasonable. Is this a normal thing that happens at dealerships with prices or should I wait to check it out before making that judgement?
I agree with MMJ, but those are seriously strong trucks.
Great trucks, (back when Ford was actually built tough). To high a price for it though.$ 3,500 at the most for it.
Even for a sticker price, that's really high. $4k sounds more reasonable, but it's unlikely the dealer will come down by $3.4k. You can try making an offer and see what they say, but I don't think is one is worth much of your time.
these guys say that there is a low supply of used trucks/suvs
https://jalopnik.com/the-used-car-market-is-still-healing-1846338583
an internet friend (car salesman) says bad time to buy a used car due to low inventory
doesnt seem to be many great deals on CL like there used to be, seems like folks are dragging old cars out of the junk yards and posting them
Thanks for the article. It helps explains all the crazy car prices I'm seeing people post in the forum.
am I wrong, or is the seller of that 50's truck nuts? There's barely anything left of it.
$2100 is cheap for a complete 50s tow truck, those are fairly rare and the body doesn't look bad.
the cost of restoring that is going to be more than the price of a brand new truck.
Show this to Scotty. See what he thinks of the vehicle.
Its overpriced and I don't think the dealer would knock off half the price
$7500 is high for that truck but truck prices are up right now for no apparent reason and that may be a reflection of it. You can probably beat it looking at private sellers or finding one enroute to the junkyard and spending money to repair that instead.
this sounds like a plausible reason
> https://jalopnik.com/the-used-car-market-is-still-healing-1846338583 <
Used car prices are hitting all time highs. Trucks and SUV's are the hottest items, so capitalism strikes again and everyone either has to pay too much money or hope prices come down on the vehicles they want.
Greed at it's finest. I would look for a private seller myself on any older vehicle like that.
that means car manufacturers must really be suffering right. Anybody have some 4th quarter statistics?
@mountainmanjoe Indeed. Sales were down 15% year over year. Here is a link: https://www.cnbc.com/2020/12/23/covid-19-crippled-us-auto-sales-in-2020-but-it-could-have-been-worse.html
this video is interesting
https://www.cnbc.com/video/2020/12/17/why-cheap-cars-are-disappearing-from-american-car-dealerships.html
Indeed. Cars are starting to become a commodity again for the wealthy who can afford them. Not the route we need the industry to go.
new auto bubble?
I think we are headed that way. A lot of bad loans being given out right now in order to make sales goals. Not good for the long term.