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03/15/2012 06:02:00 AM · #1 |
I've had this 93 Ford Ranger 4x4 for 12 years. Put $1800 into a new rear end a couple years ago and the transmission went out on me a couple weeks ago on the way back from Oregon. Estimated costs were $1600 - $2800 and I just couldn't put any more money into it. Low blue book value is $2700, so I figured it wasn't worth it. That, and my wife said "hell no". It had a cracked windshield and needed some maintenance as well. So I sold it this week for $750.
Other than the surprising sentimental reaction I am having, I am still wondering if I made the right decision. I got a LOT of fast interest on Craigslist over buying this and it sold immediately to the first guy that came out and looked at it - so I am thinking I undersold it, which doesn't bother me too much, but I am wondering if I am missing something - why would there be so much demand for the truck that I made clear had to be towed away and I am pretty sure will need at least $1500 in transmission repairs? Thoughts? |
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03/15/2012 06:10:28 AM · #2 |
| If you're in the industry or can do it yourself I'm guessing it'll cost considerably less to repair - or if it's being used for parts I guess $750 is decent too, e.g. if someone's able to replace the transmission themselves and have the inclination, they could buy another similar truck to yours and for $750 have the transmission fixed (along with a whole load of other spares to use/sell). |
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03/15/2012 07:20:42 AM · #3 |
| 1600+ seems high unless you're going for a brand new transmission. A rebuild should be possible for considerably less, which might've been what they were thinking of doing. The market for smaller pickups seems to be pretty good though, particularly for 4x4's. It took me a decent amount of looking to find my Tacoma without spending book+ a considerable amount at a dealership. |
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03/15/2012 09:41:19 AM · #4 |
Old 4x4's in generally decent shape are worth way more than $750 in parts. Look what you paid for that rear end; some other guy needs a Ranger rear end, and sees a bargain here... And there's plenty more parts on that frame :-)
R.
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03/15/2012 09:46:36 AM · #5 |
Two things:
One - Ford stopped making the Ranger this year, so someone might be getting all sentimental.
Two - As a parts car, it's probably worth way more than $750.
Three - someone who can replace the tranny on his own is NOT going to be paying $1600 for the repair.
Four - I can't count.
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03/15/2012 09:52:41 AM · #6 |
Originally posted by Art Roflmao:
I got a LOT of fast interest on Craigslist over buying this and it sold immediately to the first guy that came out and looked at it - so I am thinking I undersold it, which doesn't bother me too much, but I am wondering if I am missing something |
I had the same feeling when I sold my '94 Accord for $500 on Craigslist. All the work that it needed wasn't worth it to me, but I had to turn off my phone a remove the ad after about 20 minutes. |
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03/15/2012 10:43:31 AM · #7 |
What's the miles per gallon on that? Is it good for a 4x4 pickup?
I ask because I sold my 1996 Honda Civic DX hatchback for $3200 about 3 years ago when the gas prices spiked. I actually sold it just as prices were starting to come back down. The paint was terribly oxidized, but the body was great. It was also due for a timing belt. I posted it up on Craigslist listing a couple things that were wrong with it and photos of the paint, and had it sold, cash in hand, by the following Saturday. The guy who bought it drove up a couple hundred miles from down the coast. Guys at work thought I was nuts posting it for that price, but they didn't factor in the consumer panic about gas prices. I figured I'd start high and see if my hunch was right. Worst thing that could happen would be I had to lower the price. They were astonished when I came into work Monday and told them it went for the full $3200. |
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