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Old 03-07-2016
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Pricing a 2002 ford ranger

Ok, so i want to know what i would get if i sold my ranger, i want to know what its worth. I bought it from my uncle who rarly drove it and took very good care of it. It only has 112000 miles on it. It has a bunch of addons that an online pricer doesn't accept. The online pricer says i can sell it for about 5000. This cant be true since a friend of mine had his truck keyed and when the did the survey to see if they would need to total it it was worth 7000 dollars even tho his 4wd didnt work it has 279000 miles on it and is not in good outward condition. Mine is not a 4x4 but that should be a 2000 dollar difference. Would someone on here price it intelecually, or is there a website with a better pricer?
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Old 03-07-2016
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Price for a used vehicle is set by Local demand.
Check local craigslist, Truck Trader, newspaper and ?? whatever local used vehicle advertising is available.
Don't include Used Car Dealer pricing, you are not a used car dealer and can't offer financing, lol, or maybe you can, up to you.

And what you are seeing in these advertisements are "asking prices" not "worth/value".
The value of a used vehicle is set by the BUYER, not the seller.

So when looking for similar vehicles and their asking prices also see how long they have been advertised, the longer the time the more likely the asking price is too high for local buyers.

You can ask $12,000 but might not get alot of calls, so pick any asking price YOU like, and then see if you get any calls, you can always lower it as time goes by.

3rd party add-ons are for the owners enjoyment, finding a buyer that wants the same add-ons is rare, so they may add some value but never what they cost the owner.

Looking at local Seattle craigslist 2001-2003 Ranger regular cab 2WD 3.0l asking price goes from $3,000 to $4,500
Not sure where Rocksprings is but probably not Washington, so look at your local craigslist

And just a heads up, an insurance survey/assessment is always valued way over actual value, when it comes down to actually paying out when a vehicle is totaled you will see a much much lower number, lol, and printouts of local craigslist ads backing up that lower number

Last edited by RonD; 03-07-2016 at 10:53 AM.
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Old 03-07-2016
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Quote:
Originally Posted by RonD View Post
Price for a used vehicle is set by Local demand.
Check local craigslist, Truck Trader, newspaper and ?? whatever local used vehicle advertising is available.
Don't include Used Car Dealer pricing, you are not a used car dealer and can't offer financing, lol, or maybe you can, up to you.

And what you are seeing in these advertisements are "asking prices" not "worth/value".
The value of a used vehicle is set by the BUYER, not the seller.

So when looking for similar vehicles and their asking prices also see how long they have been advertised, the longer the time the more likely the asking price is too high for local buyers.

You can ask $12,000 but might not get alot of calls, so pick any asking price YOU like, and then see if you get any calls, you can always lower it as time goes by.

3rd party add-ons are for the owners enjoyment, finding a buyer that wants the same add-ons is rare, so they may add some value but never what they cost the owner.

Looking at local Seattle craigslist 2001-2003 Ranger regular cab 2WD 3.0l asking price goes from $3,000 to $4,500
Not sure where Rocksprings is but probably not Washington, so look at your local craigslist

And just a heads up, an insurance survey/assessment is always valued way over actual value, when it comes down to actually paying out when a vehicle is totaled you will see a much much lower number, lol, and printouts of local craigslist ads backing up that lower number
Thanks man, the only real addons i have done is added a trailer hitch, a very small 8 inch light bar inside the front bumper and well added a bunch of extra brake/turn/running/reverse lights, and i added a chrome grill
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Old 03-07-2016
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You can't expect to get anything extra for add on lights or a trailer ball. Around here (east Missouri) a 14 year old small truck with over 100K miles on it won't sell from a private owner for much more than $4K regardless of condition. There's just too many of them and most of them haven't had the mechanical upkeep that they should have. Of course, if you're willing to wait you may find an idiot with more money than good sense that will give you what you think you should get for the truck.
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Old 03-07-2016
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What is sellign around me

https://chattanooga.craigslist.org/ctd/5462795833.html

That is the ford ranger that is selling near me that is the most simular, mine is almost exactly like it except white, stepside, brand new rear shock absorbers, and much much better engine quality

Last edited by lego4x4; 03-07-2016 at 03:48 PM.
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Old 03-07-2016
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go to kelly blue book.com they can give you a price to start at
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Old 03-07-2016
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Tried that, 3k is not acceptable, that is what i bought it for in the first place and that was a steal
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Old 03-07-2016
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The Craigslist ad is a used car dealer price, dealer won't get that unless he finances it, higher pricing is usually done for inventory reasons, high price listed on inventory means less taxes to pay, lol, and they have to advertise to establish the "inventory price".

This is why you can't use "dealer pricing" when looking at local pricing.

How long ago did you buy it for $3,000?

If it was within 2015 or earlier then yes that would be a good price.

Go ahead and list it, at a price you think is good, buyers will let you know if your price agrees with theirs
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Old 03-08-2016
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you can list it for whatever you want 1,000,000.00 but that don't mean people are going to give you that much, you paid 3,000.00 and you thought you got a steal, everyone is looking for that same steal, and vehicles don't go up in price so list it and see what you get
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