The truth is trucks are expensive. New trucks can cost forty grand or more depending on the options and that number can skyrocket if you want to add customizations like a lift kit. I know more than one guy that has spent an entire years worth of salary buying the truck he wants. There is a better way. There are many cheap used pickup trucks for sale in great condition that won’t cost your child their college fund. And the best part is you can find one that already has the upgrades done for you.
Here’s the thing about automobiles. Unless they are a rare classic they rapidly lose their value. This goes for customizations like lifts as well. So if you desire a jacked up truck and have it done yourself, it could cost you thousands. By the time you want to sell the thing, the jack is virtually worthless and you’re likely to get the same price out of the truck you would have if you had never customized it. So instead, why not let a previous owner finance these things for you and get them virtually free. Do you see the value is used pickup trucks yet? Let’s take a look at a couple used pickup trucks for sale by owner so you can get a better idea. I emphasize “for sale by owner” because dealerships almost always cost more and could potentially wipe out the savings we are looking for.
Here we have a 1999 Dodge Ram that was recently for sale in Potsdam, New York. It’s in fairly good condition, has 119,000, a 5 inch suspension lift, a 3 inch body lift, and 38.5″ super swamper tires. The owner was asking $4,000. You don’t have to look hard to find the value in this vehicle. The tires alone can cost $500 each. Assuming they have a bit of wear and tear on them, you could estimate you have at least a $1000 worth of value just in the tires. Now factor in the cost of the lift kits and labor. Even if you do it yourself you would have to add another $1000, maybe much more. So ask yourself, “Is a 1999 Dodge Ram in good condition worth $2000?” You bet it is! Hell, it’s probably worth the entire $4000 without the lifts and giant tires.
Ok, this next example is not as obvious. It’s 2002 Ford F250 7.3 Powerstroke diesel with 185,000 miles on it that the owner listed for $13,500. That might sound a little steep for a truck with that many miles but this is one of those $40,000 trucks that I was talking about earlier. Plus, diesel engines tend to run forever. Throw in a 12 inch suspension lift and 38″ tires and you get a little closer to the thirteen grand. But wait! There’s more! How about a custom transmission that cost close to $5000 new. 20 inch rims. Touch screen dvd player, air horns with built in compressor, 5 inch exhaust, plus other goodies. Now consider that you can always talk someone down from the initial list price. Is this truck a good value yet?
That’s the beauty of used pickup trucks. The more they have going on, the more potential there is for a better deal. Used 4×4 pickup trucks have more potential than non 4x4s. Customized trucks have even more potential. So use this to your advantage and get the truck you’ve always wanted at a price you can actually afford.