Hi Scotty, Thinking about buying an '04 Chevy Silverado 1500 with the 4.8 liter engine. This truck only has 43K on it. The asking price is 18K and is in very good condition. What is your opinion on a fair price for this 17 year old truck?
Where is it sold? Private party or dealership?
It's a CA truck at a dealer in CA
Not a lot of power, but that year would make a great light duty truck.
However, the seller is looking for a sucker. What they are asking is insulting and laughable.
I can buy a top condition 2018 5.3L, Long box, backup camera, with only 24k miles right now for $22k, no questions asked.
The question I have is how much do Y'all think it's worth? I know KBB says it's value is around 6-8K but the avg mileage is around 180K. That said, what would be a fair price for an '04 with 43K miles on it?
It depends on demand in your particular area. Search for similar trucks in your local listings.
Look at this fully loaded 2002 3500 (serious truck) with 6.0L engine. 64k miles.
$4,200
https://annarbor.craigslist.org/ctd/d/tilton-2002-chevrolet-silverado-wd/7409311179.html
2004 1500 4x4 long bed, 62k miles, $7k
https://chicago.craigslist.org/nwi/cto/d/hobart-low-miles-chevrolet-silverado-x4/7400890663.html
hope you're starting to get an idea ...
2006 1500 extended cab, 64k miles, $10k
https://chicago.craigslist.org/chc/ctd/d/markham-2006-chevrolet-chevy-silverado/7402478422.html
The local listings are for trucks that are high mileage. This truck has only 43K miles on it so the price would be higher than average. How much higher is the question. That's why I was asking for input on what Y'all believe a FAIR price would be for that particular truck. This truck is in great condition, has no rust on it since it has been in Cali, and Arizona the whole time.
OK. California :
2005, 65k mi, $12.9k https://sandiego.craigslist.org/nsd/cto/d/san-diego-2005-chevy-silverado-1500/7401890899.html
2002, 62k mi, $11.2k https://inlandempire.craigslist.org/cto/d/moreno-valley-2002-chevy-silverado/7407708613.html
have you gone to look at the truck yet?
No, It is out of my immediate area. So far texting and emailing back and forth. I've seen pics and a video of it. It's a nice truck otherwise I wouldn't be doing any other research. Hard to get past the 17 yr. old part...
I would offer $10k and see what they say. If there are any issues that you find after ...
#1 carefully looking over it
#2 test driving it
#3 having a mechanic inspect it
then the price goes down even more.
Thank you for your input! You confirmed for me what I was thinking. I will definitely follow your advice.
18k for an tuck that is over a decade old? talk the price down. and to pick up speed keep your foot on the throttle!.
