Trucks & Trailers - What's my 06 F150 Worth?

Hey Guys,

I have an 06 F150 SC Lariat 4x4 that is loaded with every option Ford had in 06 except DVD including Moon Roof,20inch wheels,Captain's Chairs,2 tone paint,etc. It also has a ARE Tonneau Cover with Bed extender and sprayed in bed liner.

The issue is it has 242,000 miles on it. I currently drive it 1000 miles a week and have had it since new. The truck shows well above average and 95% of the miles are Interstate with 5% towing.

I am looking at new F150's only because the Co. has told me to get a new one. The dealers are insane offering $9500.00 for trade in while telling me how great the truck looks and the NADA shows $16,000 even with the miles which I know is BS.

So... my question is what is a fair price and while I will post it in the For Sale section and not really trying to sell it here is there any interest ?

They're offering you $9500 in trade for a truck with 242,000 miles on it? I would say that is a gift and you should run with it. You will never sell that truck to a private party for that kind of money. If it's a company truck why would you care about the sale anyways?

Did any part of your comment answer any of my question? I don't recall asking if anyone thought the dealer offer was a gift or not.

He answered your question.

$9500 is the value the dealer places on it.

I would never even look at it for that price with that many miles, so it's value is far less for me.

Value is what someone will pay, not what a book tells you.

Wow you ask for help then slap someone around when they answer you! You should run with that money. The dealer is being very generous; doesnt matter, to most people, how fancy the truck is when it has nearly 250k on it.

So..the OP posted some facts. The NADA deduct for 242,000 miles is $3350. So, why are they lowballing him on the trade in? They are always the one to throw NADA values at you, and in this case his truck is worth the $16.5k on trade....
They could probably easily sell it for $12k - $14k. I would sit down and put the heat on them and see whether tey want to sell you another Ford truck or not...

So..the OP posted some facts. The NADA deduct for 242,000 miles is $3350. So, why are they lowballing him on the trade in? They are always the one to throw NADA values at you, and in this case his truck is worth the $16.5k on trade....
They could probably easily sell it for $12k - $14k. I would sit down and put the heat on them and see whether tey want to sell you another Ford truck or not...

Thanks for the response. I am not planning to trade the truck in. That was the reason for the post in the first place. I have an offer in hand that is more the dealer wholesale price, I just wanted to get some feedback and make sure it was fair.

The reason for caring about what happens to a company truck is to get as much as I can for the company I work for. I guess some people do not care about that.

They're offering you $9500 in trade for a truck with 242,000 miles on it? I would say that is a gift and you should run with it. You will never sell that truck to a private party for that kind of money. If it's a company truck why would you care about the sale anyways?

Dealer may not want it or may be scared he will only be able to unload it at wholesale. If so he will not offer more probably. Some dealers wont put a truck with that high of miles on their lot, they'll flip it to some small used car lot maybe.

There are so few probably with that mileage, its hard to price it. Id say you could probably sell it for 13K easily..Maybe as much as 16.

At that mileage, you have to go in thinking the trans is going to go any minute and that their could be engine issues too.

I dont blame the dealer but I think it is worth more to somebody.

The dealer offered a price to send the truck to auction, they don't usually keep the high mileage ones.

If the company purchased the truck and depreciated it, they will have to pay income tax on the difference between the sales price and the depreciated basis.

If you don't trade it the sales tax offset will also have to be figured in (the company will have to pay about $600 additional in sales tax on the new truck purchase).

Some employees just don't get it or follow instructions, although they might have good intentions ;)

My questioning was more around the fact that I have never heard of a company that has employees negotiate the purchase of their own company vehicles. I would think that someone in your company supply management team would negotiate the transaction and dispose of the old vehicle.

Trust me, I care about my company; I'm a self-employed consultant.

We are able to negotiate our new truck deal and the sale of the old one if we wish. The better I do on the sale the more room I have for options on the new truck. This makes perfect sense to me, take care of it, get more out of it, get rewarded for it.

As far as additional sales tax due to depreciation I think our CFO is smart enough to know that if selling outright for more money makes less sense that giving the vehicles to the dealer for auction.

This will be the 4th vehicle I have done this way and so far they have not told me my good intentions are costing them money.

This thread has headed off in a far different path than I intended so you guys have fun with it, I'm done.

We are able to negotiate our new truck deal and the sale of the old one if we wish. The better I do on the sale the more room I have for options on the new truck. This makes perfect sense to me, take care of it, get more out of it, get rewarded for it.

As far as additional sales tax due to depreciation I think our CFO is smart enough to know that if selling outright for more money makes less sense that giving the vehicles to the dealer for auction.

This will be the 4th vehicle I have done this way and so far they have not told me my good intentions are costing them money.

This thread has headed off in a far different path than I intended so you guys have fun with it, I'm done.

Dude are you serious? you post a question... then you DOG almost every response you get? :rofl::bashhh:WTF??

This may help: I have been shopping F 150 super crew trucks for a month. 2002-2004 units non-Lariat averaging 99000 miles are pulling down 11-13K if in clean and straight condition. Add 1-2K for the Lariat. You hit the 2005 mark and even at 150K the price goes straight to 16K+ for the regular super cab with cloth and steel wheels. I bought a 2001 with 99K Lariat 4X4 Triton with paint matched shell, fresh Michelin's, brakes and shocks, leather-loaded. No dents and great in-ext. for 11K and feel I did well. Not stolen and not ripped off.

Hope I helped.

To give you some perspective, I have been in the market for another truck for work and have been looking for about a month. 04 to 06 with 50k miles or less are listed between 15k and 18k, maybe more if its a special edition or loaded. I just bought a 2007 Chevy 2500 HD crew cab, long bed for $13,500 out the door with no money down and 50k miles.
If it was diesel you could probably get 15 to 18k. I would take any offer over 10k with those miles.

I don't think I would give 10k for it because of the miles.

We are able to negotiate our new truck deal and the sale of the old one if we wish. The better I do on the sale the more room I have for options on the new truck. This makes perfect sense to me, take care of it, get more out of it, get rewarded for it.

As far as additional sales tax due to depreciation I think our CFO is smart enough to know that if selling outright for more money makes less sense that giving the vehicles to the dealer for auction.

This will be the 4th vehicle I have done this way and so far they have not told me my good intentions are costing them money.

This thread has headed off in a far different path than I intended so you guys have fun with it, I'm done.


The smart way of handling the situation since you claim you are getting more from a private party... is trade the truck in at said amount from your private party to the dealer.. it called a in and out.. then have your party come in and pay the dealer to do the paperwork..if you have to pay it so be it..you more than make up for it on the tax savings, it's usually 2-300.00 and everyone is happy. You get the tax credit off your trade in and only pay on the difference, the dealer will be happy to work with you cause they are making a sale, plus their entitled hold-back for putting up with your ass:grin: plus the fee for doing the paperwork correctly, and then the new owner is happy cause the transaction will be handled in a professional manner...Lastly, the direction of your thread has changed cause of your dimeanor...

You should be able to get more...But your @ 242k miles!

Any issue's with it? 5.4l right?

I don't think I would give 10k for it because of the miles.


X2 as stated abuyer will be wondering about the tranny and engine with that many miles.... No need to run off with your feelings hurt, no one is dogging your ride. 242K miles is very high mileage for an 05 ;?

Here is the problem with value on that the truck. No bank or credit union is going to finance it, there goes a high percentage of buyers for a 13 or 14,000 dollar retail priced truck.

Your truck is going to go to a ''Buy Here Pay Here'' lot where some deadbeat will end up with it after putting $500 down and paying 29% interest. It will then breakdown in a couple of thousand miles and the new owner won't have the cash to fix it. He will then ''show'' the dealer and finance company and let the truck be repoed. It will then start the cycle over again.

$9500 is a gift you shouldn't pass up.

13 to 16k for a Ford F-150 with a gas motor and 250k miles.. What idiot would pay anywhere close to that? If your getting more than 10k you should be extremly happy...