Lightnings are loosing their resale value
#1
Lightnings are loosing their resale value
I use to sell cars full time. Now I am working in our family ownwd business. This weekend I was called to help out in a big tent sale at the University. I met the used car manager for a huge chain of Ford dealerships. He said that he has been buying used )! lightning's at the auction for about 4 -6 grand back of wholesale blue book. I was really shocked when he told me that because I thought our trucks were holding their value better. Realistically though, I think that on the street people are willing to pay close to retail on used lightnings. A person that I know works for an SVT dealer and he said he has sold several used 00 lifhtning's for around 30 K
Later
Later
#2
The reason our L's are losing resale value is because Ford is flodding the market with them, they are becoming less and less rare. I bought my 01 at the end of the 01 sales year from a dealership for under list, without any plan. I had planned on a used one, but new ones are easy to find. Just my opinion.
#5
I agree
Originally posted by ally69
This is a trend for all cars, with the current economic condition. And the constant barrage of 0% on new cars and such.
This is a trend for all cars, with the current economic condition. And the constant barrage of 0% on new cars and such.
When I went to trade in my car on the L, what they offered me was so insulting I could hardly see straight...
Dana
#6
Re: Lightnings are loosing their resale value
Originally posted by brasil
I use to sell cars full time. Now I am working in our family owned business. This weekend I was called to help out in a big tent sale at the University. I met the used car manager for a huge chain of Ford dealerships. He said that he has been buying used )! lightning's at the auction for about 4 -6 grand back of wholesale blue book. I was really shocked when he told me that because I thought our trucks were holding their value better. Realistically though, I think that on the street people are willing to pay close to retail on used lightnings. A person that I know works for an SVT dealer and he said he has sold several used 00 lifhtning's for around 30 K
Later
I use to sell cars full time. Now I am working in our family owned business. This weekend I was called to help out in a big tent sale at the University. I met the used car manager for a huge chain of Ford dealerships. He said that he has been buying used )! lightning's at the auction for about 4 -6 grand back of wholesale blue book. I was really shocked when he told me that because I thought our trucks were holding their value better. Realistically though, I think that on the street people are willing to pay close to retail on used lightnings. A person that I know works for an SVT dealer and he said he has sold several used 00 lifhtning's for around 30 K
Later
What that means is that the market near you is screwy, or one of them is lying or one of them got lucky.
The Trucks are worth what someone is willing to pay. The prices you get from Dealers are the prices they are willing to pay INSTANTLY. That number is not always the best number. If you want BEST $$$ for your Truck ( or anything else) Plan to market the hell out of it and hold as long as it takes to find a buyer at that price....
Doug
#7
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#8
Re: I agree
Originally posted by dboat
new L at 60 mos financing at 0% interest
new L at 60 mos financing at 0% interest
EDIT:
Just checked out Ford's site and the promotion does not include the lightning. That sucks.
2002 F-150 Build & Price this Vehicle
Schedule a test drive
Locate a Dealer
Model Start - End Cash Back APR Alternative
36/48/60 Months Cash Back & APR
F-Series LD (Ex. F-150 SuperCrew & Lightning) 9-Jul-02 -
14-Aug-02 $2500 or 0.0/1.9/2.9 or $1000 2.9/5.9/6.9
NOT ALL BUYERS WILL QUALIFY. 36 month Ford Credit APR financing at $27.78 per month; 48 month Ford Credit APR financing at $21.65 per month; 60 month Ford Credit APR financing at $17.92 per month per $1000 financed with 10% down OR $2500 cash back with standard APR rates. Take new retail delivery from dealer stock by 8/14/2002. See dealer for residency requirements and complete details.
Model Start - End Cash Back
F-150 (Ex. F-150 SuperCrew & Lightning) 9-Jul-02 -
14-Aug-02 $2500
Take new retail delivery from dealer stock by 8/14/2002. See dealer for residency requirements and complete details.
The incentives listed on this site were correct at the time they were posted.
Your local Ford dealer is the best source for up-to-date incentive information.
Last edited by SCC2000L; 07-30-2002 at 12:33 PM.
#10
I get the impression from comments on this forum that the demand for Lightnings is regional. Apparently California and Texas are hot markets.
Here is Maryland, the nearby SVT Dealer last year must have had at least eight or more Lightnings on their lot at any one time. Eventually, what remained was transported away one day. At least six of them on one trailer alone.
I assumed they were not selling well in this area. Lightning sometimes sit on their lot for months. Could be they are asking too much and are not willing to deal. However, the same dealer gave me a decent deal on mine in 1999.
Here is Maryland, the nearby SVT Dealer last year must have had at least eight or more Lightnings on their lot at any one time. Eventually, what remained was transported away one day. At least six of them on one trailer alone.
I assumed they were not selling well in this area. Lightning sometimes sit on their lot for months. Could be they are asking too much and are not willing to deal. However, the same dealer gave me a decent deal on mine in 1999.
#11
#15
Originally posted by redlite
I get the impression from comments on this forum that the demand for Lightnings is regional. Apparently California and Texas are hot markets.
Here is Maryland, the nearby SVT Dealer last year must have had at least eight or more Lightnings on their lot at any one time. Eventually, what remained was transported away one day. At least six of them on one trailer alone.
I assumed they were not selling well in this area. Lightning sometimes sit on their lot for months. Could be they are asking too much and are not willing to deal. However, the same dealer gave me a decent deal on mine in 1999.
I get the impression from comments on this forum that the demand for Lightnings is regional. Apparently California and Texas are hot markets.
Here is Maryland, the nearby SVT Dealer last year must have had at least eight or more Lightnings on their lot at any one time. Eventually, what remained was transported away one day. At least six of them on one trailer alone.
I assumed they were not selling well in this area. Lightning sometimes sit on their lot for months. Could be they are asking too much and are not willing to deal. However, the same dealer gave me a decent deal on mine in 1999.
I do not think the resale value is getting lower, yet that is. At a Saturn dealership they had a 99' Red L with 35k miles for $28500. It sold. Just depends on what people are willing to spend.