Dealer Appraised My Raptor.

[10SpdsOfFury]

You think the trade-in is low? The dealer's goal is to get your truck for as little as possible so they can flip it for max profit. It's a three year old vehicle mostly the same as a new one, but you have 30K miles. You were looking at an Explorer...maybe you are trying to get out of the Raptor for whatever reason they don't know so they tossed you a number.

I wasn’t trying to get out of the Raptor just wanted to look at the ST for the wife and got to talking about Raptor values. They then offered to do a appraisal. Not my first rodeo.

 

[1BAD454SSv2]

My coworker was talking **** about my old Raptor vs his little bit newer Ram . I told him i bet my old truck with more miles was worth more than his Ram. He was laughing till the NADA prices popped up . My 2010 with 88,000 miles was worth $10,000 more than his 2012 Ram quad cab with 65,000 miles.

 

[Badgertits]

I'm looking for a preowned Tacoma for my kid... talk about holding value! At our budget, they all have 100k + miles too. Well loved and well used trucks.

That rust if you look @ em sideways, ride like dog crap, & get mpg similar to an 18 wheeler...if I were in the market for a small truck it’d be a Ford Ranger & I’ve been mostly a GM guy but owned 2 rangers over the years as “beaters” 1 was a ‘98 4wd 4 cyl auto that I used to go back & forth to college & then used as a beater when I had a “nicer” Honda after college. Put 160k on it until my friend totaled it one night. 2nd was an ‘89 2wd 6 cyl manual & that sombich went 268k on the original clutch & brake lines which both blew & then when replaced went another 30k until it lost a head gasket...wish I could’ve taken it 300k, was my neighbors truck growing up & was my fav beater/bad weather DD used to give a break to my ‘04 GTO.

Lastly- dirt cheap to fix/parts & easy to work on yourself

 

[goblues38]

amazes me....people complain about resale value in the same breath as wanting $x,*** off sticker. High resale values do not happen when dealers are dropping thousands at the initial sale.

For a 2017 with 31,*** miles....that appraisal is very generous. There is nothing to complain about. Most cars lose $10,000 the moment you drive them off the lot.

 

[Jonny V]

I think the resale on the Gen 2s would be a lot higher but the market is flooded.

Had a '02 ranger 4.0L 4x4 for 292K miles. Was a real good truck until it started popping slave cylinders, which are inside the bell housing (don't understand that one Ford...).... My next truck was the Raptor. Now I'm running an '92 F150 4x4 (351 W) as my DD. Bought it for $4k and it had 106K miles on it. Super easy to work on, parts are dirt cheap, and it's a full size truck that can do a bit more than the small trucks. Best thing is, it's out of date for emission testing, so no more of that for me!

 

[jaz13]

I apologize for bringing facts to a G1 v G2 fight, but a little research shows:

The typical 2017 is listed for $58k

The typical 2014 is listed for $40k

Typical = median = 50% percentile of all trucks nationally listed on Autotrader. (sort by price and look at prices on the middle page)

This is the asking price, so a 5% or 10% discount seems reasonable. In addition, most are dealer listings so you could probably get an even better deal from an individual. And of course, location matters when selling, so a truck in CA will command a higher price than one in Iowa.

When I bought my G2 in 2017, 2014s were all over $50k, so they lost around $10k over the last 2 years. And most G2's stickers were in the high $60's, so it looks like they also lost around $10k over those 2 years too. But on a percentage basis, it looks like G1 depreciated more over the last 2 years than the G2.

(Comparing used resale to new resale isn't exactly fair, but it is the best we can do. That said, it is even more impressive the G2 lost less on a percentage basis going from new to used versus the G1 going from used to used over the same period.)

 

[Jonny V]

Not trying to fight, and I agree the prices on Gen1's have gone down since the Gen2's showed up, but the supply of Gen1's is very limited, and the supply of Gen2's is basically unlimited.

In the future, it's reasonable to think that a Gen1 in good/great shape, will have a real good chance to command a high price based on that. If they become collector vehicles, prices could go through the roof. Not saying its guaranteed either...

 

[EricM]

My opinion is neither truck will be collectible long term, but the Gen 1 values will close the gap on the Gen 2 trucks as time goes on. Gen 2 will always be worth slightly more since they are newer, but the guys who like the Gen 2 trucks will all eventually move on to their next "thing" when the warranty is up, and that'll seriously tank the resale on Gen 2 trucks. Given how much more Gen 2 trucks cost to buy, the Gen 1 will end up on top when it comes to purchase price vs resale value %.

2022 is when the powertrain warranties will time out on the first Gen 2 trucks sold, so it'll take some time before we see how it all really shakes out. A Gen 2 with a powertrain warranty vs a Gen 2 without a warranty is going to make a *much* bigger difference in resale values than it does in the Gen 1 trucks. I'm guessing another couple years is also not going to improve the image of the 3.5L EB engine as more engines develop cam phaser issues- just like the 1st Gen 3.5L EB did as the mileage went up across the fleet. The cam phaser issues are only going to get worse with more mileage and time.

 

[jaz13]

the guys who like the Gen 2 trucks will all eventually move on to their next "thing" when the warranty is up, and that'll seriously tank the resale on Gen 2 trucks.

Funny how you mention people abandoning an older model, around me I went from seeing five G1 Raptors a day to now where I almost never see them on the road. As soon as dealers dropped the ADM, most G1 owners in my area upgraded. The rush of trade-ins also explains why G1 Raptors have taken such a big hit on the resale market too.

 

[BIG TIME BALLER]

Gen1 held its value tremendously... until Gen2s came out.

The low initial sale price as compared to today’s trucks helps make the used Gen1 prices attractive and reasonable even though it’s not too far off that original low sale price.

Gen1s will continue to float down. It’s not like it’s a collectible vehicle. And is further dated and outdone will every new gen.

Gen2 initial high sale prices as opposed to the current invoice prices, as well as volume are causing the used market decline.

But... what was OPs original sale price as compared to his trade offer? It is a 3 year old truck with 30k. $60k to $45k would only be $5k/year... that’s pretty good.