Found a used F-150 PS just like mine

2141 Views 8 Replies 7 Participants Last post by jmperlik, Apr 7, 2022

cheetah4570

Discussion Starter · Feb 7, 2022

I was in Wisconsin visiting relatives and passed the Boucher Ford dealer just outside of West Bend, Wisconsin. Drove past the used trucks and found a 2018 F-150 King Ranch PS, loaded, in Ruby Red. Pretty much identical to my truck. On the lot for $54,967!! I paid just over $63,000 for mine, so this amounts to around $8000 depreciation/year. That doesn't seem too bad to me. What does the forum think?

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Dunrollin

· #2 · Feb 7, 2022

I have posted this before but this is what I paid for a 2018 Ruby Red PS (but no moonroof) platinum, same year as yours and that one.

Looks like I could maybe sell mine for what I paid for it. But I won't.

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cheetah4570

Discussion Starter · #3 · Feb 7, 2022

I'm with you. Mines getting better with age.

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beaker

· #4 · Feb 8, 2022

cheetah4570 said:
I was in Wisconsin visiting relatives and passed the Boucher Ford dealer just outside of West Bend, Wisconsin. Drove past the used trucks and found a 2018 F-150 King Ranch PS, loaded, in Ruby Red. Pretty much identical to my truck. On the lot for $54,967!! I paid just over $63,000 for mine, so this amounts to around $8000 depreciation/year. That doesn't seem too bad to me. What does the forum think?

My math puts the depreciation at $8,000 over 4 years, or $2,000/year. In the past I might have laughed at optimism of the seller. The new math is different. I bought a Mazda MX-5 14 months ago at $21k, and found it to be worth $27k today. It sort of throws the old saying that "a car is the worst investment your can make" argument out the window. I bought my 2019 F-150 last fall because I don't see the market correcting in the next couple years or more. I've seen too many friends and coworkers that have lost cars due to accidents and they are making do with their remaining fleet because insurance does not come close to allowing them to purchase a replacement. Once the supply chain sorts itself out, there will still be a pent-up demand for cars well into the future.

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PeteK

· #5 · Feb 8, 2022

I posted this in another thread too. In October I bought a new 2021 with PS, Lariat trim level with most of the Platinum extras except no sunroof/mooroof. I got it for MSRP at just under $65K, before taxes, registration, etc. Given what I had seen in my local market for most of the past year, I thought that was as good as I could hope for.

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chiefdave

· #6 · Feb 9, 2022

Trade in value of my '20 XLT PS is still a few thousand dollars above what I gave for it 15 months/13K miles ago. The market for clean, low mileage trucks around here is just crazy. I get several emails a week offering to buy my truck but this one is a keeper.

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cheetah4570

Discussion Starter · #7 · Feb 9, 2022

beaker said:
My math puts the depreciation at $8,000 over 4 years, or $2,000/year. In the past I might have laughed at optimism of the seller. The new math is different. I bought a Mazda MX-5 14 months ago at $21k, and found it to be worth $27k today. It sort of throws the old saying that "a car is the worst investment your can make" argument out the window. I bought my 2019 F-150 last fall because I don't see the market correcting in the next couple years or more. I've seen too many friends and coworkers that have lost cars due to accidents and they are making do with their remaining fleet because insurance does not come close to allowing them to purchase a replacement. Once the supply chain sorts itself out, there will still be a pent-up demand for cars well into the future.

You're right. I wasn't paying attention. $2000/year!

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FUGAZI

· #8 · Apr 7, 2022

I paid $47k for my base KR 4x4 in Sept 2019 with 12k miles at a South Florida dealer. My cousin, who is a central Florida dealer, offered me the same truck brand new for $59k at the time, From what I can tell, I am sitting on a appreciation despite now having 44k miles….crazy times. Doesn’t matter because I am holding this unicorn 🦄

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jmperlik

· #9 · Apr 7, 2022

@FUGAZI - Believe it or not, CreditKarma estimates the current value of my 2018 Platinum w/40K miles at $46,175 = almost as much as you paid 3 years ago for your 2019 w/only 12K miles! Amazing what COVID and resulting supply chain issues have done to both the new and used car markets... 2019 was the year to buy these new or used, as dealers were blowing out 2018 left-overs for $8K-$10K off 2018 list prices and before COVID hit.

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Found a used F-150 PS just like mine

cheetah4570

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