Possibly selling My Level II
#1
Possibly selling My Level II
Got a Question for you all. Due to my new house purchase. The financing lady says if I can get rid of my truck I can get a better interest rate. So after consulting My Wife and My Dad I have decided to give it a try. My question for you guys is, What do you think it is worth? Real world Dollars now. Not KBB. But what would be a good asking price.
Stats:
2004 Ford Ranger FX4 Level II
5spd Manual
All stock suspension.
Dual Exhaust with stainless steel tips
Leer fiberglass topper I paid 1600 for last fall. Carpeted headliner and built in storage box.
Access tonneau cover.
Class III hitch.
40,000 miles
New brakes all around.
Stats:
2004 Ford Ranger FX4 Level II
5spd Manual
All stock suspension.
Dual Exhaust with stainless steel tips
Leer fiberglass topper I paid 1600 for last fall. Carpeted headliner and built in storage box.
Access tonneau cover.
Class III hitch.
40,000 miles
New brakes all around.
#2
#5
Originally Posted by Gearhead61
Why would you get a better interest rate on the house because you sold your truck?
Sell it to a friend, buy the house, and then buy it back.
~HJ
#7
get a used 2004 screw f150 fx4..put the autospring levling kit on it, put 35" bfg muds, do some i/e/chip and strip all the exterior crap, alarm, tint and you are set. should run you about 25k for a truck like that IIRC
or get a chebby, for a little cheaper, and BL w/ 35's..either way, shweet setup
or get a chebby, for a little cheaper, and BL w/ 35's..either way, shweet setup
#8
#9
Originally Posted by Fx4wannabe01
IMO, If i had the money, I'd buy it for 16-17k. But I'm kinda skewed, i only bought mine for 10.5k w/ 37k on it. Your truck is the perfect truck for me, minus the manny transfer case shifter.
#10
Originally Posted by HAZZARDJOHN
I am Hoping to get 14K out of it, so that isn't out of the realm of possibility?
#13
#16
14-17k. If you still get an employee discount it would be a no brainer to do it. The problem is how soon could you sell it, how long before it showed on the credit report as payed off, and how long would you have to wait on the house closing because of this. If the time frame prevented you from locking in an interest rate and the rates went up, what did you save?
Selling it to a buddy or relative and buying it back would cause TT&L to have to be paid twice.
Selling it to a buddy or relative and buying it back would cause TT&L to have to be paid twice.
#17
Originally Posted by graniteguy
14-17k. If you still get an employee discount it would be a no brainer to do it. The problem is how soon could you sell it, how long before it showed on the credit report as payed off, and how long would you have to wait on the house closing because of this. If the time frame prevented you from locking in an interest rate and the rates went up, what did you save?
Selling it to a buddy or relative and buying it back would cause TT&L to have to be paid twice.
Selling it to a buddy or relative and buying it back would cause TT&L to have to be paid twice.
as far as the friends deal. I really have no friends in the postition to do that. I talked to my folks and with two house payments (They bought a Small house in Texas last year for when they retire) and two of their own car payments they really are tapped now.
My wife's folks have never owed money on a car before. He drive a '85 F150 he bought for $200 so God bless them they really aren't in a position to help. So The more I weigh the pros and cons I think selling is the best solution. I put an ad in auto trader and if it doesn't sell in the next three months, Oh well I will get the regular loan, no harm no foul!
~HJ
#19
Originally Posted by graniteguy
Sounds like you thought this out. Good luck with it. Where in TX do they plan to retire?
~HJ
P.S. This is there last trip, and all they do is drink Lone Star and Shiner Bock and have a good time! I get the annual pic of them drinking Lonestar in Luckenbach
#20
The town that willie made famous. Good for them. Canyon Lake is between Austin and San Antonio. My in-laws have a time share there. I've been up a time or two. My son is dating a Shiner relative. He went to the Shiners Family Reunion last summer and brought home some homemade Kolaches. I was like- Marry her already! haha.
#21
I've been toying w/ the idea of selling myself. I have an '03 w/ only about 35k miles. My truck is not quite spotless though. A few scratches and swirl marks on the outside and a minor stain and such on the interior.
KBB puts my truck in at $15k private sale.. which I think is pretty low.
NADA puts my truck in at $19.3k avg retail.. $16.3 avg trade.
Folks have suggested I start it as high as $18.5k. I figured I'd undercut that by about $500-1000 in the hopes that it would go quickly w/ no muss, no fuss.. Right now I'm thinking $17.5k. Like you, I am in no hurry, so I figure I could probably get it..
Of course I'm after a trade. So I might not sell it privately anyway. I may just go fishing and see what a dealer will give me for it in trade. This way there is zero muss and fuss on my part..
KBB puts my truck in at $15k private sale.. which I think is pretty low.
NADA puts my truck in at $19.3k avg retail.. $16.3 avg trade.
Folks have suggested I start it as high as $18.5k. I figured I'd undercut that by about $500-1000 in the hopes that it would go quickly w/ no muss, no fuss.. Right now I'm thinking $17.5k. Like you, I am in no hurry, so I figure I could probably get it..
Of course I'm after a trade. So I might not sell it privately anyway. I may just go fishing and see what a dealer will give me for it in trade. This way there is zero muss and fuss on my part..
#24
Originally Posted by NHBubba
Of course I'm after a trade. So I might not sell it privately anyway. I may just go fishing and see what a dealer will give me for it in trade. This way there is zero muss and fuss on my part..
~HJ
#25
John,
Why not just refianance the truck through another institution?
How many more months do you have on the truck loan now? what was the orginal length? what is the interest rate?
What will the new rate be?
The real determining factor is how much interest you will pay on your current loan comapred to what it will be on the new loan.
Buying and selling a new truck will most likely eat up any savings you will get from refinancing.
Why not just refianance the truck through another institution?
How many more months do you have on the truck loan now? what was the orginal length? what is the interest rate?
What will the new rate be?
The real determining factor is how much interest you will pay on your current loan comapred to what it will be on the new loan.
Buying and selling a new truck will most likely eat up any savings you will get from refinancing.