I'll apologize in advance for the lengthy post....
I've been giving a LOT of thought to getting rid of my 15 year old Jeep Wrangler and getting a truck. Before the Jeep I had a '97 Ranger, before that was an '88 Ranger. While in college I had an early '70s F-100. And my parents had a '78 F-250 that I also drove from time to time in high school and college. I guess the point of this "history" is that I've always liked driving pickups. I forgot to mention my 1980 Subaru Brat which was a "truck wanna-be"!
I know that used trucks are outrageously expensive so I've been debating about buying my "forever truck" (I'm 55 now) or buying something more along the beater lines to use around here for now and then buy the forever truck in a few years. I want to get either a 3/4 or 1 ton, at least a Super Cab.
Driving around last week, I drove through the lot of a local GMC dealer just to see what he had sitting there. I noticed an F-250 XL Super Cab 4x4 at the back of the lot. You could tell that it was a fresh trade so I went inside to ask about it. The salesman didn't even know it was back there and when he asked around he found out that it was a "fleet trade-in" and the sales guys hadn't gotten the info on it yet. I went back there today and still no info, but I kind of pushed the issue and they got with the fleet manager to get the keys, etc. The truck is super clean, no rust (a big deal here where we use salt on the roads!) and only has 80,000 miles. You could still see the outline of some vinyl lettering and I figured out it was a trade in from a small city outside of Cincinnati. I called that city earlier this week and talked to their maintenance guy who told me the truck had been serviced regularly and they only got rid of it because their policy is to trade in vehicles once they reach 10 years old. It was a lightly driven supervisor's truck.
I got on KBB.com and put in the specs. KBB says the "dealer retail" price on the truck should be somewhere in the $11-$13.5k range. Sounds good, right? KBB shows a list of "comparable vehicles" in my area so I click on the link. The closest thing I can find to "comparable" (same trim, cab, engine, etc.) is a truck with 100k on the odo and it looks like the inside of the bed rusted out and they replaced the metal with wood! That truck was listed for sale at $16,900. There was nothing listed that was even close the $13.5.
I'm still waiting on my local dealer to come up with a price on the truck I found. They need to run it through their service department before they price it. Based on what I've seen with these other listings, I'm almost expecting a price somewhere around $18k or so. So, why is there such a discrepancy between KBB, Edmunds, etc. and "the real world"?
Should I just suck it up and pay the "market price" for a truck and assume it will hold it's value? Actually, when I bought my Jeep 10 years ago, I was shocked at those prices as well. I paid $12.5 for it then and could probably get $7500-8,500 now. Are pickups like Jeeps?
Or should I buy the "forever truck" now and spend somewhere around $45k for something that I would hope would last me until my kids take my keys from me?
Input is appreciated!