used vehicle inflation

[dashhho]

I am in Kanadia but was wondering whats going on elsewhere. Used trucks here are pretty inflated. A guy was selling a '09 Ranger 4.0L sport 4x4 with 30,000km for $17,000 canadian rupies.

 

[racsan]

yes, Ive considered putting a price on my old ranger, but then it just might sell! Back in the day $500 would buy you a 10 year old car with 70K miles and you could get quite a few years out of it. Now cars/trucks with 200,000K that are 15 years old are around $3,000 on average. $1,000 will buy you a parts vehicle or a roller with a bad motor or trans.

 

[Dirtman]

I just sold my 5 year old fiesta for $13,500 and only paid $16,500 for it...

 

[Roert42]

Last year I was looking at getting my wife a used 4Runner, People were asking close to $10K for ones with over 200K miles on them.

A lot of these used car/trucks are going for new car prices, but then you have long waits for new stuff so people will pay it. I paid $2450 for a ranger with 250K miles on it last year, anything that can run down the road people want big money.

 

[sgtsandman]

Yeah, prices are bad here too. Great for the seller but sucks for the buyer. Someone in the 2019+ forum mentioned about being able to get more out of their truck than what they paid for it.

 

[Roert42]

There was one guy who traded in his 19 ranger for more then he bought it for, then bought a top trim maverick.

 

[Ranger850]

I was offered $2,500 for my beat up 35 yo Nissan with who knows how many actual miles on the motor that may or may not be original to the truck. by a guy who knew all that.

 

[09fx4guy]

Frankly, I think inflation is part of it, but I think that since new car prices are rising more and more, so are used car prices. Things are not like they used to be. Twenty years ago people were probably saying the same thing as far as prices of used cars.

Not only that, but the price of car repairs has gone up as well.

I think the days of a "$500 get in and go" kind of car are behind us. Bear in mind, I think condition and mileage still does have a lot to do with it.

I don't ever plan on buying a new car again, and hope to find my next vehicle as a project that I can build while I am still driving my Ranger. (Note- I will NEVER sell my Ranger, just retire it from DD use.)

 

[Dirtman]

I think the best way to deal with vehicle inflation is to simply use a pump.

 

[G8orFord]

My 2017 Superduty Lariat with 105k miles is supposedly worth $52k right now. I paid $56.5k for it used in 2018 with 29k miles.

 

[1990RangerinSK]

I think the best way to deal with vehicle inflation is to simply use a pump.

View attachment 65351

Adds a whole new meaning to blowing up your car.

 

[sgtsandman]

Frankly, I think inflation is part of it, but I think that since new car prices are rising more and more, so are used car prices. Things are not like they used to be. Twenty years ago people were probably saying the same thing as far as prices of used cars.

Not only that, but the price of car repairs has gone up as well.

I think the days of a "$500 get in and go" kind of car are behind us. Bear in mind, I think condition and mileage still does have a lot to do with it.

I don't ever plan on buying a new car again, and hope to find my next vehicle as a project that I can build while I am still driving my Ranger. (Note- I will NEVER sell my Ranger, just retire it from DD use.)

You may be right. Part of it is the chip and parts shortage issue. People are looking at older models because they are having a hard time finding or getting a decent price on a new one.

 

[Ranger850]

I know a lady with a 2022 Santa Fe and got clipped. Ripped off the bumper skin and she can't get it replaced because it's so new and those type of parts just aren't available for customers yet.

 

[JohnnyO]

You may be right. Part of it is the chip and parts shortage issue. People are looking at older models because they are having a hard time finding or getting a decent price on a new one.

The substitute for a new car is a used car. There is a shortage of new cars therefore the demand increases for used cars, forcing their prices up too.
Supply goes down, price usually goes up.
Supply goes up, price usually goes down.
Demand goes up, price usually goes up.
Demand goes down, price usually goes down.
Why yes, as a matter of fact I do have a degree in economics.

 

[lil_Blue_Ford]

A lot of the crazy prices came after COVID took a wrecking ball to things. Seen a lot of people paying stupid money for used vehicles right now and new is ridiculous. Which sucks because I could stand to be in the market for something more fuel efficient than my fleet but my wallet doesn’t play nice with the current prices