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Used Truck Prices

Discussion in 'Chevy Truck Talk & GM News' started by ChevyFan, Jan 25, 2012.

  1. ChevyFan

    ChevyFan Administrator Staff Member 5+ Years 5000 Posts

    I'm in the market for a project truck, looks like I'm going to have to spend at least $10k to get what I want. Roughly 10 years old, 4 door, 4WD ... that's my base.

    Is it just me or didn't you used to see a lot of these types of trucks for like the $6 to $7500 range and now they're all $10k+?
  2. SurrealOne

    SurrealOne Former Member ROTM Winner 1000 Posts

    Prices went up because new trucks are so expensive ... and the economy is so bad ... that the used market took off. That's not just trucks, mind you, it's across the board.
  3. Jimmeh

    Jimmeh Epic Member 5+ Years 500 Posts

    10 years old and you can't find a truck for under 10K? You're in the wrong state!
  4. GMCErica

    GMCErica Rockstar 3 Years 1000 Posts Platinum Contributor

    Even in Canada, the prices are high too for a truck.. New trucks are crazy priced..but the taxes and interest that you have to pay for a used truck are ridiculous...but up here, we only have domestic truck/car dealerships, so they are all competing for business.. You can get a good deal up in my neck of the woods... but you would put a lot of KM's driving home!! LOL
  5. tbplus10

    tbplus10 Epic Member Staff Member 5+ Years 5000 Posts Platinum Contributor

    Yep between the economy and new truck prices the used truck market took off again.
    I used to be able to turn 5-6 used trucks a month and turn a nice little profit, now trucks are hard to find at a price that has any profit left for resale.
    The last few trucks I looked at that were priced low enough to turn over were in such bad shape I'd eat all my profit getting them cleaned and repaired for resale.
  6. Untouchable

    Untouchable Member 2 Years 100 Posts

    You need to head north of the border to Oklahoma. I've found over a dozen for less than $10k from dealers.
  7. SurrealOne

    SurrealOne Former Member ROTM Winner 1000 Posts

    Two words to watch for: salt, rust

    Both were common on trucks in Kansas; I'd expect that to be true of OK, too.
  8. Untouchable

    Untouchable Member 2 Years 100 Posts

    Good point. It's something I always look at when I'm buying a truck, but I never think about it when I'm not in that process.
  9. Coach24

    Coach24 Rockstar 3 Years 5000 Posts

    What has not been mentioned is that when steel prices hit a high many folks got more from a scrap yard for the steel than they would ever get on the used market. . Aslo older trucks have more steel so those wanting a solid truck buy older
  10. ChevyFan

    ChevyFan Administrator Staff Member 5+ Years 5000 Posts

    4-door crew cab and 4WD mind you.

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