Blacksmokin22
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- Nov 9, 2012
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i dont understand why the 99-03 7.3s are join for the price of gold?!? i know they are great motors but 300k+ miles asking 14000$ its just insane!!
Up here clean 4x4 obs trucks go for 3-6k for an average truck. 5-10k for SD trucks. A lot more for lower mileaged clean modded trucks.
Shoot, here in California people are trying to get 12k for salvage title 7.3. I gave up trying to find one to move to after my OBS and settled for a well maintained 6.0 for half the price.
I have yet to see that around the puget sound area. They are going for gold around the sound. I see 100k mile 7.3's going for 25k! Just went with a friend to look at a 03 7.3 that had 225k, fairly clean but they wanted 19k and wouldn't back down much on their price.
I've been looking for an Excursion for some time now. The 7.3's 4wd's are usually close to double book value.
They stay for sale for awhile. I'm guessing it's because a lot of banks won't loan on 9+ yr old trucks and the ones that do their loan value is essentially trade-in value. Plus 7% apr with good credit.
So IMO not a lot of people have $7-$10k laying around or willing to put down on top of a 3 yr loan. So they sit on CL for months, at least from what I've noticed. I've been looking for a few months and still see most of the Excursions with the 7.3's still still for sale.
The 2 I looked at that was close to book were sold.
There are a few decently price F250's with the 7.3 which is better because they actually book for more and loan value is more.
I've heard people say market value is different than book, may be true, but the reality is banks do not loan on or go by "market value".
They do not care. lol