I was thinking about putting my '01 L up for sale, hoping for maybe around 28k for it (1,500 miles). I started looking at what other L's are going for, and saw a lot of '01s in the 23k range, and '02s in the 25k range. If that's all it's worth, then I'll just keep it.

What factors do you think are causing this?

Gas prices?
Poor Economy?
L market is saturated?

 

Yes and Yes
I don't think the market is saturated, it is just not a real practical choice for most people. Lots of people want them but most that comment on mine want a club cab and 4X4 which I think is crazy.

I bought mine for performance and luxury. at 15 and 17.5 miles per gal it is the most economical truck I have owned. If I need to work it I pull my trailers.

Greg

 

Market saturated. Low interest rates offered by car companies. General depreciation.

 

I have over 50k into my 00, and have had it up for sale for 23.9k since december.
Several people want to sell there current L and buy mine, but can't get any money for theres.

I beleive the bad economy has a big role in this as the 0% interest rates on new vehicles and the fact that a lot of potential buyers are out of a job or fear for there job doesn't help.

I beleive resale will go back up a bit once the war is over

 

If the market is saturated, I don't think resale will increase at all. If it's not saturated, we'll know when we see the dealers stopping the discount on new L's.

Do you think the Gen 3 L will hurt Gen 2 resale? I think it's possible, especialy if a lot of Gen 2 owners are the buyers of the Gen 3.

 

Hope my thoughts help in some small way?

I was looking last year for a 12 second qtr mile vehicle that was *MINE* for $30k or under. (Not the wife and kids to trash like they do our other cars)

The first thing that came to my mind was a 70-71 454 chevelle or old BB vette. Defineatly a good choice to spend/invest money on. But I wanted to actually drive mine in all weather except snow/salt. That kinda throws out an old classic in my book. IMO Cars are made to be driven. And muscle cars are made to be enjoyed / driven hard.

So next on my list was a used Vette. But around here driving in small cars ain't fun what with the *michigan* driven 4x4 supercrew desiel powered trucks. Also I'm not to keen on spending hard earned cash on a car someone else might have beat the crap out of.

So onto the Lightnings. I first looked here (www.f150online.com) to see what problems these things had. Then decided to look at used ones because I did'nt really want to spend $30k. Drove a few but they seemed to want too much for a used one and who knows how they were cared for? If at all?

So I sprang the extra 5Gs and got a new one. (x-plan)

WOT

 

It's not just L's. Everything sucks right now for value. Why buy used when you can get new and 0% financing easily

 

It's a depriciating asset. No one on these boards will live long enough to see these have coolector value.

 

2 months ago there were 5 of them at CarMax

They offered me 18,500 for an 01 w/28k miles

 

Funny we all try to get tham at X plan then bitch when the resale is low....

 

X-plan has nothing to do with established resale value.

joe

 

LOL - Thats funny - It has EVERYTHING to do with it.

https://www.f150online.com/forums/sh...hreadid=110573

The resale value is based on what people are willing to pay. We and everyone else are trying to get them cheap ( xplan or other discounts ). That is a direct measure of what we are willling to pay. As it becomes easier to get Discounts, zero financing and other deals including the various "plans", all those deals drive down the resale value.

Doug

 

Exactly right Doug. Lots of people are really taking advantage of the system, we can watch those resale values plummet because of it.

 

If you buy a new vehicle and expect it to be worth more than half of what you paid for it 5 years later, you're fooling yourself.

 

don't think it's anything other than normal depreciation, i paid 28, 300 for mine new, so i would never think of paying the same for a used,

as soon as your drive off the lot, you loose 3-5 grand, now you've got 2 more model years out there, i could buy a new one for somewhere in the 29k range now, so thats what your seeing