Gen 2 Blown Motor: Advice

[Tyler_GTS]

Another update, but it's nothing to do with the blown motor. I thought I had an offer of $61.5 for my truck, but when I went to talk to the dealer, they basically just added $1.5k to the MSRP.

They kind made me upset by saying they are already giving me a discount on the 19' buy selling it at msrp. Then they told me they cant give me full value for my truck since they will have trouble selling it because of the motor.

They had three numbers in front of us;
1) Average trade value: $59,700
2) Clean trade value: $61,700
3) And their offer to me: $59 and then finally $59,700

I know everyone says this, but my truck is clean. The undercarriage looks brand new and when I was to trade it in, it will cleaner than after they would detail it at the dealer. Its super clean and just brand new looking in the engine bay, shocks, etc.

So until I get a dealer that give me closer to $61k, I will hold off on my 2019 order. If I dont get it, I guess I'll wait.

Is that an unreasonable asking price? If I am, I will accept that and adjust.


2017, 21k, 802A, Orange interior, tech, sunroof, immaculate.

 

[pierceography]

So I'm not sure I'm following. How did the offer go from $61,500 to $59,700?

I don't disagree with their stance of added difficulty of selling a vehicle with a repaired powertrain. It has to be disclosed and will be a red flag for most buyers. So you're likely facing a reduction in the vehicle's value for trade/sale.

I did a quick search around me, and came up with a vehicle that's pretty similar to yours:

https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?listingId=494524189

Fewer miles, similar features (not sure if you truck has BL wheels or not) and the $2k stickers: $61,900. Granted, pricing is regionally subjective, but I'd say the $59,700 is a fair offer once you consider dealer margin.

Your other option is a private sale and treat the dealer trade as a reserve, of sorts. Order the '19, put your '17 up on craigslist (or something), and hope for a better offer. If one doesn't come in, at least you have the dealer trade in the wings.

 

[Tyler_GTS]

Well, the offer of 61.5 was just adding the money back on the MSRP. I guess that wasn't relayed to me or I didn't notice it on the offer sheet.

I dont disagree with the fact the car may be devalued since it has a new motor, I guess I'm just upset that I'm having to take that hit when I didn't do anything to blow the motor....so essentially Ford's bad motor made them money and cost me money.

The book value they are using, is one I agree with. They are just saying my truck doesn't meet that "Clean" description (they haven't seen it) and doesn't justify the $61,700. So I asked for $61k...still no.

I'm also open to being wrong here, thats what this forum is for, haha. Appreciate the help.

 

[pierceography]

I'm still not following the adding money back to MSRP. Is the MSRP you're referring to the price of the '19 or something else? Not that my understanding of this matters, I'm just curious.

If it helps, think of it this way: Had someone blown a stoplight and caused $15k worth of damage to your truck, you'd be in a similar spot: The truck would lose value because it wouldn't be considered "clean". Neither situation is your fault, but you're still affected financially. The blown engine being the better of the two for multiple reasons, imo.

And I think Ford completely replacing your engine is going to cost them more money than you, though I don't blame you for being annoyed with them.

Ultimately, if I were you, I'd order the '19, put your '17 up for private sale a few weeks before your new truck arrives, and if you sell it for > $60k, great. If not, you have a trade secured so you're not worried about the outcome.

Just order the '19 -- You know you want to. ;-)

 

[Tyler_GTS]

I'm still not following the adding money back to MSRP. Is the MSRP you're referring to the price of the '19 or something else? Not that my understanding of this matters, I'm just curious.

If it helps, think of it this way: Had someone blown a stoplight and caused $15k worth of damage to your truck, you'd be in a similar spot: The truck would lose value because it wouldn't be considered "clean". Neither situation is your fault, but you're still affected financially. The blown engine being the better of the two for multiple reasons, imo.

And I think Ford completely replacing your engine is going to cost them more money than you, though I don't blame you for being annoyed with them.

Ultimately, if I were you, I'd order the '19, put your '17 up for private sale a few weeks before your new truck arrives, and if you sell it for > $60k, great. If not, you have a trade secured so you're not worried about the outcome.

Just order the '19 -- You know you want to. ;-)

Yes, they added the money back on the msrp of the 2019.

Your analogy of the car accident-Yea, I’ve thought the same. I guess I was just hoping I could get some help in the value drop from Ford. But I suppose that’s not something they owe me, oh well.


I do want the 19 but I kinda walked away from the deal. So it just gets awkared when going back, haha.

I’m far from happy this whole thing happened though, but hey, I guess I make the best of it.

Thanks for the help again. I hope your get your truck soon-it’s built exactly to my specs so I’m looking forward to you taking delivery.

 

[pierceography]

I wouldn't worry about going back in. People walking away then coming back a day or two later is extremely common. You might even be able to get them to up the trade offer a bit or throw in some after-market (spray-in liner, tonneau cover) on the '19.

And thanks, the waiting game is worse than I thought... Especially since my build was delayed for whatever reason. I guess I'll just get a larger than usual Christmas present this year, lol.

 

[Quaesta]

If it helps, think of it this way: Had someone blown a stoplight and caused $15k worth of damage to your truck, you'd be in a similar spot: The truck would lose value because it wouldn't be considered "clean". Neither situation is your fault, but you're still affected financially.

Of course in most states if that happened the person who hit you would be responsible for paying you the diminution in value. Did you ask the lemon law attorney about the damages Ford would have to pay if you went that route?

 

[Raptorguy1]

Another update, but it's nothing to do with the blown motor. I thought I had an offer of $61.5 for my truck, but when I went to talk to the dealer, they basically just added $1.5k to the MSRP.

They kind made me upset by saying they are already giving me a discount on the 19' buy selling it at msrp. Then they told me they cant give me full value for my truck since they will have trouble selling it because of the motor.

They had three numbers in front of us;
1) Average trade value: $59,700
2) Clean trade value: $61,700
3) And their offer to me: $59 and then finally $59,700

I know everyone says this, but my truck is clean. The undercarriage looks brand new and when I was to trade it in, it will cleaner than after they would detail it at the dealer. Its super clean and just brand new looking in the engine bay, shocks, etc.

So until I get a dealer that give me closer to $61k, I will hold off on my 2019 order. If I dont get it, I guess I'll wait.

Is that an unreasonable asking price? If I am, I will accept that and adjust.


2017, 21k, 802A, Orange interior, tech, sunroof, immaculate.

When they're saying "clean value" are they referring to appearance, or problem free such as a new motor?

 

[Tyler_GTS]

When they're saying "clean value" are they referring to appearance, or problem free such as a new motor?

Appearance. The first salesman told me they are treating it like it never had a problem.

Then the second one retracted that a bit and mentioned the depreciated value.

But the “Clean” word is specifically talking about the condition and appearance. And I know everyone says theirs is clean, but mine looks brand new on the shocks, under carriage, and frame. All the places that that show wear even if the car is clean otherwise. It’s weird how clean it looks in those spots. That’s why I think me asking for even LESS than clean value, is a compromise.

 

[pierceography]

Of course in most states if that happened the person who hit you would be responsible for paying you the diminution in value. Did you ask the lemon law attorney about the damages Ford would have to pay if you went that route?

Well that certainly sounds nice. I live in a state (Michigan) with arguably the worst insurance laws in the country, so no such thing here.