1997 - 2003 F-150

2002 F150 - is this close to real value?

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Old Mar 3, 2014 | 11:39 PM
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2002 F150 - is this close to real value?

I have kind of given up on getting a diesel for now. I found this F150 close to where I live. They have it listed at $7,995. KBB says private seller value is $5,500 in excellent condition. I think they would have a hard time selling it if that is the case. If KBB value is close to the actual value, what would you offer? If it isn't, what do you think the value is?

For those that don't want to look, it is a 2002 F150 4.6 XLT 2wd reg cab short bed manual trans with 26k miles.

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Last edited by King James; Mar 4, 2014 at 01:19 AM.
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Old Mar 4, 2014 | 01:04 AM
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V-6 or 4.6?
 
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Old Mar 4, 2014 | 01:19 AM
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4.6. I'll edit the first post to add that.
 
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Old Mar 4, 2014 | 07:09 AM
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KBB is only a reference, The price is dependent on the area the truck is in, the Condition, & Mileage.

That said, I would look around in your area, & see what other trucks are going for in same or close to same condition, & mileage.
It is also at a dealership, so they are going to up the price, so they have room to lower it if she doesnt sell quickly. It also leaves room for price haggling!
 
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Old Mar 4, 2014 | 09:08 AM
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Problem is finding another 2002 with that many miles. KBB list it at 5,500 and NADA lists it at 7,000 for excellent condition. I can't see much wrong with it other than the part of dash around the radio. It looks like it might be scratched some.
 
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Old Mar 4, 2014 | 10:06 AM
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With that low mileage, if the body is in good shape, it will sell for close to asking price. If it is a dealer they tend to ask at least $1k more than they will take.
 
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Old Mar 4, 2014 | 10:09 AM
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After recently selling my old truck, I can tell you that you should look at other sites for pricing. KBB is only one source and some of them don't allow you to add all the right options on older trucks. You might also try Edmunds, NADA and compare it to other comparable trucks on auto trader.

True low miles would be key in my book even though those trucks last a lot of miles. A 10+ year old truck is almost always going to have some scratches. In the end, a used car is worth what someone will pay for it.
 
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Old Mar 4, 2014 | 10:51 AM
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So in addition to the KBB and NADA values above, I checked Edmunds. It came out to about 6,000 there. I called the dealer up. They said they are firm on the price. Plus they said there is a $600 doc fee. WTH? I'm not sure how that would work for an out of state purchase.

I think the $8,000 they want is a bit much.
 
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Old Mar 4, 2014 | 12:42 PM
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Originally Posted by King James
So in addition to the KBB and NADA values above, I checked Edmunds. It came out to about 6,000 there. I called the dealer up. They said they are firm on the price. Plus they said there is a $600 doc fee. WTH? I'm not sure how that would work for an out of state purchase.

I think the $8,000 they want is a bit much.
At that price for a standard cab even with the low miles, they might have it for a while. They probably paid too much for it.
 
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Old Mar 4, 2014 | 12:49 PM
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$600 doc fee? That's ridiculous.
 
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Old Mar 4, 2014 | 02:24 PM
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Yeah, doc fees are bullcrap. Just extra crap they charge for. Any dealer is only forced to charge you two things: tag fees and sales tax. Dad is in the business, so its how I know, and its all he charges. 'Cause he ain't got a choice.
 
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Old Mar 4, 2014 | 02:32 PM
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Why don't you still want a diesel, cost? You seem to swap vehicles pretty often and I don't understand it unless something is wrong with your little light blue truck? You lose a pretty good amount of money every time you buy and sell a vehicle. You aren't really upgrading, just lateral-grading. Drive the blue one until it blows up and then actually upgrade to something you want is my opinion on this.

That thing is still over-priced IMO, but so are all trucks right now. The heritage that 03f15012 and his dad sold is a testament to that.
 

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Old Mar 4, 2014 | 09:50 PM
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Originally Posted by KMAC0694
Why don't you still want a diesel, cost? You seem to swap vehicles pretty often and I don't understand it unless something is wrong with your little light blue truck? You lose a pretty good amount of money every time you buy and sell a vehicle. You aren't really upgrading, just lateral-grading. Drive the blue one until it blows up and then actually upgrade to something you want is my opinion on this.

That thing is still over-priced IMO, but so are all trucks right now. The heritage that 03f15012 and his dad sold is a testament to that.
Exactly. Prices on any decent trucks right now is impossible. It is ridiculous on how much people have in these trucks, and what some people pay for them. $12,000 was a lot for that truck, but we also had about $10,800 in it. Under normal circumstances, we would have never payed that. But that wasn't exactly a "normal" truck.
 
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Old Mar 4, 2014 | 10:07 PM
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I had the 97 in that picture for 13 years. Sold it about a month ago. As for the diesel, It's been a pain trying to find one that's in good shape since I want a manual transmission.

I'll probably give it some time since it might be there a while...
 
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Old Mar 4, 2014 | 10:29 PM
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If you want a manual transmission Ford diesel, you want a 7.3, and finding good ones without 9 million miles on them is real tough. Stay away from the 6.uhoh and 6.4.

You may have to look for a Dudge.
 
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