vehicle appraisal question

[utley]

Before I ask, just know Ive already tried KBB, carmax and a few other sites, and well...they dont allow to put options for upgrades to a vehicle like leather seats and what-not other than aftermarket rims, tires and some external stuff. Is there a place online or elsewhere where I can get a good, honest to god appraisal of my vehicle? Im really leery about taking it to the dealership anymore to refinance or trade in and Im thinking of just letting it go. Last time I had my truck appraised, they appraised it at a 43% depreciation loss after 9 months and 6500 miles.

 

[Wild one]

Before I ask, just know Ive already tried KBB, carmax and a few other sites, and well...they dont allow to put options for upgrades to a vehicle like leather seats and what-not other than aftermarket rims, tires and some external stuff. Is there a place online or elsewhere where I can get a good, honest to god appraisal of my vehicle? Im really leery about taking it to the dealership anymore to refinance or trade in and Im thinking of just letting it go. Last time I had my truck appraised, they appraised it at a 43% depreciation loss after 9 months and 6500 miles.

If you added the leather seats and upgrades yourself after buying the truck,very seldom do they increase the value of the vehicle

 

[utley]

curious, why wouldnt they?

 

[G-Ride990]

curious, why wouldnt they?

Not everyone has your same taste.

And a lot of people don't like modified vehicles. Myself included most of the time. I usually don't trust that everything was done correctly. And I want to make the modifications myself.

You're best bet is to list it private party and hope you find someone that likes what you did. You could sell some of the aftermarket parts on their own too.

Good luck though! I lost my decently modified 2016 last year in an accident and it was a nightmare working with insurance on the value.

 

[Wild one]

curious, why wouldnt they?

Alot of people are scared away by anything added after it left the factory as G-Ride stated.In alot of cases the mods will decrease the value of a vehicle to the majority of buyers,no matter how tasteful they are.
Never modify a vehicle thinking you'll get your money back on the mods,most times you'll be sorely disappointed

 

[utley]

Not everyone has your same taste.

And a lot of people don't like modified vehicles. Myself included most of the time. I usually don't trust that everything was done correctly. And I want to make the modifications myself.

You're best bet is to list it private party and hope you find someone that likes what you did. You could sell some of the aftermarket parts on their own too.

Good luck though! I lost my decently modified 2016 last year in an accident and it was a nightmare working with insurance on the value.

I work in aviation; one thing I do is keep a nice, long paper trail of everything I do. As for mods, the only thing Im really doing to my truck is upgrading the trim level. I keep receipts and a list of shops where all my mods can be warrantied if necessary, so if anything I would have thought that pricing it at a point in between trim levels would be more appropriate. Im aware of the fender flares, window covers and the hood shield, but those arent permanent fixtures so I dont factor those in. As for the insurance covering those things, those are some things you really should let the insurance agent know about to factor that into the coverage of the vehicle. Most of the places I insure from usually just require a parts list and a $ amount. They will upcharge, but Ive never really had a problem with that either.

Alot of people are scared away by anything added after it left the factory as G-Ride stated.In alot of cases the mods will decrease the value of a vehicle to the majority of buyers,no matter how tasteful they are.
Never modify a vehicle thinking you'll get your money back on the mods,most times you'll be sorely disappointed

Im already sorely disappointed knowing full well how much money the dealership upcharged the truck and how much of a lowball offer after 9 months on the road. Im just done with dealerships.

 

[G-Ride990]

I work in aviation; one thing I do is keep a nice, long paper trail of everything I do. As for mods, the only thing Im really doing to my truck is upgrading the trim level. I keep receipts and a list of shops where all my mods can be warrantied if necessary, so if anything I would have thought that pricing it at a point in between trim levels would be more appropriate. Im aware of the fender flares, window covers and the hood shield, but those arent permanent fixtures so I dont factor those in. As for the insurance covering those things, those are some things you really should let the insurance agent know about to factor that into the coverage of the vehicle. Most of the places I insure from usually just require a parts list and a $ amount. They will upcharge, but Ive never really had a problem with that either.

Im already sorely disappointed knowing full well how much money the dealership upcharged the truck and how much of a lowball offer after 9 months on the road. Im just done with dealerships.

I wasn't giving you a hard time at all, I am sure yours is done properly. I was just speaking generally because I have owned a lot of decently modified to highly modified cars over the years.

I am in a similar boat with my truck. Insurance totaled my old truck in June last year, took a couple months of fighting with insurance over probably $8k in mods that I couldn't remove before I turned it over. ARH long tubs, PCM, intake, lift kit, suspension etc... Was only able to pull most of my stereo stuff out and suspension stuff that wasn't ruined. But nothing that would leave it undriveable.

Bought this new to me truck in August I think and have since put 1000 miles on it. Went to trade it in recently on a Rebel which is what I actually wanted, was very pissed how much it depreciated.

 

[Wild one]

I work in aviation; one thing I do is keep a nice, long paper trail of everything I do. As for mods, the only thing Im really doing to my truck is upgrading the trim level. I keep receipts and a list of shops where all my mods can be warrantied if necessary, so if anything I would have thought that pricing it at a point in between trim levels would be more appropriate. Im aware of the fender flares, window covers and the hood shield, but those arent permanent fixtures so I dont factor those in. As for the insurance covering those things, those are some things you really should let the insurance agent know about to factor that into the coverage of the vehicle. Most of the places I insure from usually just require a parts list and a $ amount. They will upcharge, but Ive never really had a problem with that either.

Im already sorely disappointed knowing full well how much money the dealership upcharged the truck and how much of a lowball offer after 9 months on the road. Im just done with dealerships.

Just be forewarned if you sell it privately,if anything goes wrong with the truck,it can come back to haunt you. A few years back i sold a car,the new owner proceeded to blow up the rear end a couple months later doing donuts,and he came back to me and wanted me to pay for it,the only thing that saved me,was a couple of guys i knew were there watching him do the donuts when the diff went south,otherwise i would of had a fight on my hands

 

[GTyankee]

when i sell anything, once the Bill of Sale has changed hands & the tires hit the street, its the new owner's to worry about

 

[mtofell]

I'm in the mods are a negative camp. It's likely not correct in some cases but most of the time modded trucks are beat on. With all the electronics these days I don't know if it's even possible or feasible but a "chipped" truck (I used to own diesels) makes me run for the hills. Physical things like body mods? Unlikely it's the new buyer's taste and the reality is it just doesn't add real market value... and may actually take away.

 

[Wild one]

when i sell anything, once the Bill of Sale has changed hands & the tires hit the street, its the new owner's to worry about

That used to be the way it was,now not so much. When i sold the truck and car a few months back,i wrote on both bills of sale "Race vehicle" "Sold As Is Where As" and then had the new owners sign right under that statement,then i photo copied both bills of sale.

 

[Grams]

Just be forewarned if you sell it privately,if anything goes wrong with the truck,it can come back to haunt you. A few years back i sold a car,the new owner proceeded to blow up the rear end a couple months later doing donuts,and he came back to me and wanted me to pay for it,the only thing that saved me,was a couple of guys i knew were there watching him do the donuts when the diff went south,otherwise i would of had a fight on my hands

A private sale should Always be “where is, as is, without warranty as to fitness of purpose or merchantability” …and the sales contract or bill of sale should also state the jurisdiction of law… suchas “subject to the laws of the state of Texas” (or wherever the seller wants) to prevent a lawsuit being filed in Timbuktu against the seller who lives in Omaha.

It’d be no matter if he was cutting donuts or driving it off a cliff claiming the brakes failed…. it’d be the buyer’s problem the moment it changed hands.

I am not a lawyer but I saw one in a Holiday Inn. He was arguing his bar-bill.

 

[JayLeonard]

I know that when I look up to see a vehicle’s value, I use KBB. Nothing else.
Although something like custom seats or other aftermarket mods might be nice, I likely wouldn’t be willing to pay extra for them.
For example , I installed aftermarket power running boards and I am not expecting to get an xtra $1000 for the truck. They would just help it sell faster perhaps.

 

[CanuckRam1313]

Just be forewarned if you sell it privately,if anything goes wrong with the truck,it can come back to haunt you. A few years back i sold a car,the new owner proceeded to blow up the rear end a couple months later doing donuts,and he came back to me and wanted me to pay for it,the only thing that saved me,was a couple of guys i knew were there watching him do the donuts when the diff went south,otherwise i would of had a fight on my hands

 

[rzr6-4]

Big tires, bumpers, suspension work etc will have mixed reactions of course. I know you feel like you are making the truck "objectively better" by upgrading it to a higher trim level, but that's still not necessarily true. I hate leather seats, and I don't like the look of window covers, so what you see as upgrades that you've done yourself, I see as downgrades.

I always take a look at KBB, but also check out your local FB marketplace. KBB is one thing but it's kind of the "theoretical", it's good to see what other people are actually listing there's for.

 

[stevenP]

I am older , so in the years I have traded and sold cars. Adding anything after market is money down the drain. You never get that investment back. Your vehicle to a dealer is a commodity and nothing more. I am one of those people, who doesnt buy modified vehicles. Accordingly, I dont waste money anymore to modify anything either. If the vehicle has been modified at all, even if the price screams a super deal....I will pass.

 

[RamDiver]

In my area, I use Truck Trader to compare the selling prices of similar vehicles and the many local used car lots with websites. The prices definitely fluctuate by region.

Regardless of the value I see in my truck, the average market value will set the selling price, with or without mods.

And, a private sale almost always beats the trade-in value. I would be very selective about which mods I list in a private sale because, as others have mentioned, many potential purchasers will skip heavily modified vehicles.

.

 

[Grams]

This is true of any vehicle that is modified/altered by it’s owner. What the owner spends to alter the vehicle is neither a corresponding increase in value, Nor is it a necessarily ANY increase….because the subsequent buyer may not find the alteration as pleasing as the seller did.

I run into this all the time in Aircraft transactions. I can install a $25K autopilot in an antique airplane….and it actually DECREASE the value…because it detracts from Originality to one buyer who wants it for recreational flying…. while it might INCREASE value to a different buyer more-interested in using it for actual transportation …BUT it will not Increase the value bhy $25K because it may not be the autopilot with all the whistles and bells the buyer would prefer. (may not be instrument-approach qualified, or GPS-navigational qualified, etc.)

Same is true of boats, and pickup trucks…. and WOMEN, come to think about it….

I just installed all new driveline, axles, U-joints, rebuild tranny and txfr case, new aftermarket rear bumper, special bed-liner’d contractor-rack, upgraded OEM wheels, new Michelins…. cost was almost $5K added …. but when only two weeks later it was wrecked….insurance only gave me $350 added value for all that.

 

[mtofell]

and WOMEN, come to think about it….

I dunno.... there are some pretty good "mods" these days that make the driving "experience" almost like new. At the risk of getting too graphic I'll just say it's more than just a blown up set of *******.

 

[CanuckRam1313]

I dunno.... there are some pretty good "mods" these days that make the driving "experience" almost like new. At the risk of getting too graphic I'll just say it's more than just a blown up set of *******.