EPDM Coatings
rvupgradestore.com Composet Products PO Box Zone
Over The Network Custom Yacht Interiors

Author Topic: I may have under priced my truck....  (Read 947 times)

SargeW

  • Forum Staff
  • ---
  • *
  • Posts: 6307
  • Life is better on the road!
I may have under priced my truck....
« on: March 15, 2017, 01:04:21 AM »
I made the tough decision to sell my Dodge Ram 2500 diesel long bed pick up.  It is a 2008, and has less than 28,000 on the clock.  We are going back full time, and keeping and storing it for the next 5+ years didn't make sense. 

So I checked a few sites (KBB and Nada) and Googled what the locals were selling for in that range.  I settled on $25K, when I got ready to advertise it.  I didn't get the chance. My best buddy next door told a few people at work about it, and I started getting calls and emails before I had the chance!

I made the deal a few days ago, although I won't be letting it go for a while as I am still cleaning out the house.  I guess maybe I under priced it a bit.......  I was amazed at the resale value for a vehicle that is going on 9 years old.  But with new ones going for $50,000+ I guess it makes sense.  And it is still in excellent condition. 
Marty--
2017 Tiffin Allegro Bus 40SP
Cummins ISL 450 HP/Powerglide chassis
Visit our new travel blog! http://www.mytripjournal.com/rvnchickTNG
Support your local Police Officer, Fire Fighter and Military!

Larry N.

  • ---
  • Posts: 4381
  • Westminster, CO
Re: I may have under priced my truck....
« Reply #1 on: March 15, 2017, 05:31:12 AM »
I know what you mean, Marty. About a year ago I saw an offer from a Dodge dealer wanting used pickups, claiming he'd pay top dollar. My 2007 4WD F-150 Lariat Crew Cab with topper, and about 55,000 miles, brought an offer just over $19,000 -- that's wholesale, to the dealer. But it's still too useful to me to sell, as new ones are so high.
Larry and Mary Ann N.
2016 Newmar Ventana 3709 -ISB6.7 XT 360HP
2015 Wrangler Sahara Unlimited toad
Formerly: Trailmanor 2720SL
  de N8GGG

Peteyboy

  • ---
  • Posts: 357
Re: I may have under priced my truck....
« Reply #2 on: March 16, 2017, 09:31:48 AM »
Marty, it would be nice if that same scenario worked when we go to sell our motorhomes. 🙄
Pete & Sandy
2015 Itasca Suncruiser 37F
11 CRV

schoolsout2

  • ---
  • Posts: 598
Re: I may have under priced my truck....
« Reply #3 on: March 16, 2017, 09:53:39 AM »
Many jump to buy from someone they know took care of it.  Better than a work truck that was used hard and maybe abused mechanically.  I sold a car in 2 days to a neighbor who said "i know how well it was taken care of".
Dave and Sue Fullerman
2014 Winnebago Tour
2012 Honda CRV
FMCA F7777D
from Ohio now full time

Irover

  • ---
  • Posts: 359
Re: I may have under priced my truck....
« Reply #4 on: March 16, 2017, 10:56:39 AM »
  Sarge I guess you could back out on the deal at possibly the expense of a POed buyer! Did you feel comfortable with the $25K SP??? You could invest that money somewhere and let it grow, say in a 5 yr mature date!!  Or just store it and drive it every so often to keep it lubricated! These are just suggestions however! Best of Luck!  8) 8)
Don't ever give up!! keep pushing toward the goal!!!
USAEUR; 1st Armored Div., E Co.123rd Maintenance Btln. 71-74

SargeW

  • Forum Staff
  • ---
  • *
  • Posts: 6307
  • Life is better on the road!
Re: I may have under priced my truck....
« Reply #5 on: March 16, 2017, 05:33:49 PM »
Thanks guys, no I'm not really sad about the deal. I still think it was a fair price, but as it turns out I may have under estimated the current market value a bit. Actually I feel better that it worked out that way instead of the reverse. I would have felt pretty crappy if after the deal I learned that the buyer overpaid and felt taken.  The buyer is a good friend of my neighbor, and my truck was recommended to them by him.  Hey good karma right?   
Marty--
2017 Tiffin Allegro Bus 40SP
Cummins ISL 450 HP/Powerglide chassis
Visit our new travel blog! http://www.mytripjournal.com/rvnchickTNG
Support your local Police Officer, Fire Fighter and Military!

OutdoorFT

  • ---
  • Posts: 354
Re: I may have under priced my truck....
« Reply #6 on: March 16, 2017, 06:06:04 PM »
If you sold it to a stealership, the buyers would have taken. So you did well.
Future Fulltimer

2011 F350 Lariat CCLB SRW
No RV yet!!

Derby6

  • ---
  • Posts: 672
Re: I may have under priced my truck....
« Reply #7 on: March 20, 2017, 06:45:28 PM »
Nope being a Dodge it was overpriced....lol ;D :D
2015 Ford Explorer (Wifes Ride)
2011 Ford F350 4x4 Lariat Crew Cab/Long Bed/SRW
2011 Honda Civic-- (Beater with a heater)
2007 28' Desert FOX Toy Hauler             
TOYS:
01 Yamaha Kodiak 400
09 Yamaha Grizzly 550
12 Yamaha Grizzly 450
13 Yamaha Rhino 700 (Wifes Ride)
13 & 14  144" & 155" SKI DOO

SargeW

  • Forum Staff
  • ---
  • *
  • Posts: 6307
  • Life is better on the road!
Re: I may have under priced my truck....
« Reply #8 on: March 21, 2017, 12:07:00 AM »
Well, she drove off today for the last time. The new owners were happy though.....
Marty--
2017 Tiffin Allegro Bus 40SP
Cummins ISL 450 HP/Powerglide chassis
Visit our new travel blog! http://www.mytripjournal.com/rvnchickTNG
Support your local Police Officer, Fire Fighter and Military!

scottydl

  • Admin assist
  • ---
  • *
  • Posts: 7655
  • Central IL
Re: I may have under priced my truck....
« Reply #9 on: March 21, 2017, 07:41:56 AM »
The fact that so many dealer overprice their products shouldn't make you feel bad about pricing yours realistically.  ;)  That was my experience with my first motorhome.  It sold in a week on Craigslist, priced reasonably, compared to similar ones that dealers had been advertising for months. 

Afterwards I wondered if I could have gotten another couple thousand out of it if I would have waited longer... but then it also might not have sold at all (which at that point, the goal was to sell it!) and I'd end up lowering the price later anyway.  It was nice (although bittersweet) to sell it so quickly, to someone who could afford it and I knew would take care of 'er.  And you know that you didn't fleece anyone along the way.  :)
Scott, wife, 3 boys... and the dog
- 2008 Forest River Wildwood 32BHDS
- 1995 Chevrolet Suburban C2500 tow vehicle
- 1994 Thor Residency motorhome... owned 2007-2012

NY_Dutch

  • ---
  • Posts: 3342
  • Following the warm weather!
Re: I may have under priced my truck....
« Reply #10 on: March 21, 2017, 07:49:22 AM »
If you were satisfied with the price when you set it, Sarge, don't second guess yourself, just be happy it went quickly with no hassles. Glad to see you're getting back out here full time!
Dutch
2001 GBM Landau 34' Class A
F53 Chassis, Triton V10, TST TPMS
2011 Toyota RAV4 4WD/Remco pump
ReadyBrute Elite tow bar/Blue Ox base plate

SargeW

  • Forum Staff
  • ---
  • *
  • Posts: 6307
  • Life is better on the road!
Re: I may have under priced my truck....
« Reply #11 on: March 21, 2017, 10:22:07 PM »
Thanks guys. I do feel good about the deal. As expected, they went out and immediately put new rubber on her.  She was riding on original rubber, and although they looked like new, they were probably dated from early 08'.  But at the price they got it for, I don't feel bad about it either.  The buyer was in urgent need for a solid truck, and my Dodge fit the bill perfectly.  All's well that ends well. 
Marty--
2017 Tiffin Allegro Bus 40SP
Cummins ISL 450 HP/Powerglide chassis
Visit our new travel blog! http://www.mytripjournal.com/rvnchickTNG
Support your local Police Officer, Fire Fighter and Military!

rbertalotto

  • ---
  • Posts: 53
    • RF "Farkle" Projects
Re: I may have under priced my truck....
« Reply #12 on: March 22, 2017, 06:50:14 AM »
Want to see crazy prices, if you can even find a vehicle, 2006 Dodge Diesel 4x4.... I bought mine in 2008 with 40k for $20,000. I've been offered $25k a number of times. I decided to keep it another ten years and just dumped $20k into it. You can read all about this adventure on my web site (link in signature below)
« Last Edit: March 22, 2017, 01:41:14 PM by scottydl »
RoyB
South of Boston
2006 Dodge 2500 Diesel
2011 Forest River Grey Wolf 19RR
Whole bunch of motorcycles
www.rvbprecision.com

 

Hosted by Over The Network