How fast do truck lose their value?

[Kevs10]

Im really thinking of trying to sell my 2018 sport with under 13000km
Why.. because there were no deals on the 19 at that time and to my 04 wasn't gonna last .
i know it sounds dumb but just not happy with it
so how much would one lose or what is worth?
2018 sport 13000km
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[MoparBrent]

Well I’ll give you my input since I’ve had my truck appraised by several dealers for fun when test driving new vehicles.

I have a 2016 ram 1500 sport black out edition with a custom mopar wrap. Fully loaded with every option except for air suspension, ramboxes, and sunroof.
70500km on the odometer.

Sticker price when I bought the truck brand new was $61,500
Current trade in values I’ve received
Lowest: $29,000
Highest: $35,500

The low end offer was from a ford dealer.

The $35,500 was from a dodge dealer that tried to push me into a new 2019 sport.

 

[fivestar]

Yep.....Unfortunately Ive been trying to trade my 2018 1500 Big Horn myself. Only has 7200 miles on it. Purchased 3-2018, so it hasnt even been a year yet, as it was the end of March. Also looking at getting into either a 2018 or 2019 F-150.....

Sticker price was right around $48,000 something IIRC...maybe a bit lower.
I financed about $39,000

Chrysler dealers this month have offered me $25000. Two different Ram dealerships were within $800 of each other

Ford dealer #1 offered me $31,000

Ford dealer #2 offered me $30,000

Per one of the Ford dealers, new left over '18 Big Horns are discounted to $34000 now.

 

[mfisher2002]

That's why I bought a 2006 dodge ram 5.9 cummins. Sticker price 19k trade in value 17k. Miles 160k engine is just broke in. I'm not losing $10k in the first year of ownership. Plus this truck will probably be the truck I have for the next 20 years if all goes well.

Sent from my SM-G935V using Tapatalk

 

[Jrod]

Im really thinking of trying to sell my 2018 sport with under 13000km
Why.. because there were no deals on the 19 at that time and to my 04 wasn't gonna last .
i know it sounds dumb but just not happy with it
so how much would one lose or what is worth?
2018 sport 13000km
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blacked out

I’ve got your exact same truck but it’s a 2016 with 45k miles. The only love/hate relationship I have with it is the color. She looks amazing when she’s clean, but it’s tough keeping her that way lol.

 

[GsRAM]

Trucks in general hold their value very well, but understand if you trade a vehicle that's a year or so old your going to take a bath of some sort.

Typically if you worked a good deal when you purchased, the amount of bath you take will be less.

I traded a 1.5 yr old Chevy Silverado on my ram because I hated the Silverado. Big gm pos. The bath I took was minimal because I bought the Silverado well and the deal on my ram was good. But I lost some, but was glad to do it to get away from that pos. Good luck

 

[Kernal Clink]

I’ve got your exact same truck but it’s a 2016 with 45k miles. The only love/hate relationship I have with it is the color. She looks amazing when she’s clean, but it’s tough keeping her that way lol.

Brother I feel ya. It aint just the black ones though. This Blue Streak Pearl coat is terrible to keep clean.

 

[Jrod]

Brother I feel ya. It aint just the black ones though. This Blue Streak Pearl coat is terrible to keep clean.

My last 4th GEN was white and it was bar far the easiest color to keep up with.

 

[Scottly]

I have owned several Toyota Tundra's....From new, they depreciate about $2K annual. THAT is NOT the norm. My 2018 2500 tradesman with Cummins upgrade stickered at $49k, I bought it for $42K, and would be lucky to get a trade offer of $35K 6 months after purchase. I knew that was going to happen when I bought it, and I don't really care.

 

[22hemi13]

About as long as it takes you to drive off the dealers parking lot

 

[Rado]

Found this not sure how close the #s are but interesting

This one is pretty cool


https://www.omnicalculator.com/finance/Car-depreciation

https://www.edmunds.com/car-buying/how-fast-does-my-new-car-lose-value-infographic.html

 

[mfisher2002]

Silver and white arethe best colors for vehicles to stay looking clean.

Sent from my SM-G935V using Tapatalk

 

[rule18]

It's no secret that a dealer will always low ball your trade value because they need to mark it up to re-sell it. You might try selling it privately, that will yield a higher sale price. Good luck!

 

[Kernal Clink]

My last 4th GEN was white and it was bar far the easiest color to keep up with.

Yeah, the wife's last 3 were white. Much longer between washes but it's just so boring.

 

[Random_Walk]

1) Hit up a site like CarGurus (they expanded to Canada in 2015: https://ca.cargurus.com/ ), and pretend on the site that you want to buy the same make/model/featured truck you have now, with the same mileage, etc... this will show you what the dealerships are *selling* your truck for right now. Expect to get (if lucky) 20% less than that average figure, and only if you print out and show said dealership those figures.

2) Take your truck to 3-4 different dealerships and make them all bid for it, using the CarGurus (or similar) prices as a guide. Play one against the others ("well, Dealer X had the best offer, and they said they were willing to give me $zzz for it. If you were to increase that offer by $500 or so, I think it'd be worth the drive out to you..." ) Sweeten the deal by promising that if they increased the offer by $500 on top of all that, you'll happily shop their place first (make no agreement to buy from them, but to "shop" form them first, and only after you've got their best offer in writing!) Oh, and don't be afraid to shop it out to non-FCA dealerships if they're part of a larger conglomerate (for instance check out the idea of selling it to ButtHead Chevrolet if you know that a ButtHead FCA dealership exists in the next town or something... you might be able to sneak it in for a bigger price if they're willing to take your truck in, thinking they can transfer it over.)

3) Don't get your hopes too high; brand-new vehicles lose a megaton of resale value the moment the ink dries on the contract and they hand you the keys. This is partially why I try to always buy used... my current (bought-used last year) truck still has slightly more KBB value on it than I paid for the thing.

 

[13ram1500crew]

Im really thinking of trying to sell my 2018 sport with under 13000km
Why.. because there were no deals on the 19 at that time and to my 04 wasn't gonna last .
i know it sounds dumb but just not happy with it
so how much would one lose or what is worth?
2018 sport 13000km
loaded
blacked out

I bought my '17 sport, 20k kms loaded and it came with the gold plan until 2022. I got it in October of last year, and I paid $34K for it. You should be able to get Mid 30's on trade with yours. These days, mileage doesn't play as much of a part in a trade in as they used too. My old truck was a 2013 sport and i got $22K on trade, it had 150K kms, my brother had the identical truck besides the color but only had 80K on it, traded it to the same dealer shortly after me and also got $22K for it. My truck went for auction and my brothers was listed at $24K at the dealership.

It all depends what part of Canada your from. Around essex county where im at, cars and trucks are more expensive than the london, toronto areas. So we may get more for our trades and they might sell for more than elsewhere.

 

[Jrod]

Yeah, the wife's last 3 were white. Much longer between washes but it's just so boring.

Truth! I want my next RAM in ceramic blue. It’s a limited edition color.

 

[rule18]

Truth! I want my next RAM in ceramic blue. It’s a limited edition color.
View attachment 157897

That's a good looking truck!

 

[BWL]

I want rid of mine, but I'd be lucky to get 40 out of it private and after taxes, extended warranty and accessories that wouldn't carry over to a new truck I have 70k in it. Under 4k kms 2017 limited. I see dealers selling similar in the 46k range now and they offer better financing. If you drive low miles and trade in often leasing is the way to go.

 

[zogg]

I bought a 2018 Express quad cab in October, 2018....
Sticker was $43,000
Purchase price was $31,900 with all discounts
KBB showes a trade-in value of $24,000 to $26,000
That is in excellent condition (which never happens) and only 1,700 miles.

So it would cost me almost $7,000 to trade, or $4.12 per mile....OUCH!!!

However, in a couple of years the depreciation will slow down....vehicles are ALWAYS loosers. My neighbor says he "invested" in a new Mercedes....investments are supposed to increase in value....dummy