2nd Gen Non-Engine/Transmission Help establish Value of 98 12V Stick Loaded

[Al Goodman]

Have a clean 98 w/ 60K miles - 12V 5 speed 4X4 long bed. Keep being asked if I would like to sell it? Last inquiry came from a Cummins factory mechanic when I picked up my motorhome. This is a extra vehicle for us, it’s only driven about 4K year, and wife doesn’t like driving it because it’s a stick, not to mention the Overdrive and the Exhaust Brake (“it’s all so confusing”). Considering the purchase of a 2004-05 HD automatic to make her daily driver and trying to establish value. Your input would be appreciated!



Vehicle info:

1998 2500 SLT 4X4 Diesel – Red ext, Tan int

Original paint, brakes, & clutch

HD manual 5 speed

Long bed

Leather seats

4:10 ratio

#11TST fueling plate

Cab fully lined with “dyna mat” floor, doors, back of cab etc. (sound

deading)

JL Audio Sub (under rear seat)

PPI head unit, amps (2) ADS speakers ($3,500 in audio)

Cab high paint matched shell

Preferred Package 29G

Trailer tow package

Aux Rear Suspension

4-Wheel Anti Lock Brakes

Anti Spin Differential

Sliding Rear Window

Keyless Entry

Alarm System with anti Hijack feature



Mods:

Truck has NOT been bombed, but has some performance upgrades

Gear Vendors OD

HX 35 Turbo

BD Exhaust Brake

Piller Gauges

TST #11 Fueling plate, and governor spring kit

3. 5 inch Skyjacker Lift

37 X 12. 5 X 17 BFG TA’s on Weld racing wheels (5)

Bilstein Shocks

J&J Enterprises Stainless Nerf N Step running boards

Road Armour Front Bumper

Warn 12000 Winch

Firestone Air Springs

Reese Hitch

Dowel pin has of course been fixed

49 state vehicle



There is probably more but will update when I think of it. Truck has been pampered, bed is NOT beat up, never pulled more than 6K lbs. Maintenance has been impeccable. Has been kept inside or covered most of it’s life. Have all stock parts as well. Never smoked in, no body, or paint work. Truck is a real head turner, and runs as good as it looks!

Photos of vehicle at: http://agoodman.smugmug.com/gallery/885306

Was told I could get as much as 23-24K is this realistic?



Thanks for your time and appreciate your response







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[Hammer]

Al. .

Out here in Central PA that truck would command that easily as its clean and low milage. I will offer this to you,why sell it even if its a "extra" vehicle?. To try and find one as clean or cleaner is a tough road to hoe. I have been shopping now for about a year and have yet to find one(then I slip in here and theres yours,egads). While I know the allure of a newer truck certainly is nice and the power they can make with a simple box addition is a draw,12valvers rule,period... ... ... ... ... . Andy



P. S. -IF that truck of yours wants a nice warm home out East here to be the twin to mine,let me know its certainly one fine ride.

 

[Boosted6]

Sounds very nice but you can look it up, banks will only do book value and it is not nowhere near 20K Sorry but add on's dont matter to the value.

 

[Yo Hoot]

These trucks are out of the scope of realistic book values because of the demand and lack of supply.

 

[AndyMan]

First off, that's a DANG nice truck.



It's worth exactly what you can get one person to pay for it. For some, that truck might bring $24k. The values of these trucks can vary wildly. If I were to be a player on that truck, I'd most likely be willing to go 18, maybe 19 on it. If it were a 97 or a 99, it'd bring 18 tops (IMHO). Two BIG things you've got on your side are 60k miles and the 98 12v. A 98 12v is a RARE bird, they are very sought after. Couple that with a 60k mile truck, and you've got a museum piece that people will most likely fight for.



The problem is that in the $23-25k range, buyers are going to also see some higher mileage 03's. While a 98 12v is what lots of people think they want, when they get behind the wheel of a 3rd gen, they are likely to start questioning whether they really want a 12v or not. I had a third gen, went to a 96 cause I HAD to have a 12v and then realized that they are two totally different trucks (ride, smoke, handling, etc).



Just some random stuff to think about.



One thing's for sure. Go ahead and have it professionally detailed. It'll cost you $200, but you'll more than make that up in the sale price. if you need a recommendation on a good one, let me know and I'll get you one. I know David Byron in SD (founder of autopia) is one of the worlds best.

 

[WadePatton]

Well I overpaid for a 98 12v a while back. It's real perty, but I've had to fix a lot of little (and some large) problems. And to beat all that, it was originally from the salt belt and had 145k miles on it.



But the wife loves it and I am getting lotsa more experience working on the 12 valvers. Real quick rundown. Blown head gasket due to timing--fireringed, studded, new valve springs, injectors, turbo, plate, proper timing, and 3p manifold. transmission had problem, fixed that. Transfer case still has problem. Putting axle seal in now and found bearing out of adjustment. Clutch and frontend have been fine. Some rusty spots need attention.



NOW back to your truck. If we had bought it back when I got the red one--we'd have a few more $ left over. MEthinks--as nice as it sounds that, if you find a buyer like me (only with money) you could get 18-20 for the truck. Biggest problem is that you'll have to wait for the guy/gal who WANTS a super clean, low mileage 12v AND has access to the cash.



The credit industry doesn't think nearly so much of your truck as WE do. And it's quite sad that we have a country so strung out on credit.



So, how would you trade for a nice 24v? Oh wait, it's a sixer... :-laf



Yep, I'm looking for my 12v number three. But 24v number one has to go.



I've got a dang pretty 2000 3500 4x4 Quad 5-speed, low-mileage, leather, 60-horse puck, etc for sale (not mine) for 19 obo, and that's over "book". It'd be real hard to make an un-Cummins-educated person understand why those two trucks should be so close in VALUE.



Good Luck, and I'll call you if I hit the lotto. :-laf



edit: Andyman there above got corrupted into wanting a 12v right soon after riding in and driving mine. IF he had bought your truck (or one more like it) instead of the 12v he wound up with, I'll bet he would STILL be a 12v kinda guy.

 

[scootergmc]

23-24k is absolutely unrealistic. I think you'll be lucky to get 15k, and for that, you'd probably have to find the perfect buyer and he would have to find you. With that said, I have $10k burning a hole in my pocket...



You have a nice truck. If it was a dually, I'd be all over it.

 

[cahammer]

its worth 5 bucks and i'll take it :-laf but honestly it doesn't matter what you do to it you dont get out of it what you put in it i bought my 98 thats in my sig. it was stock payed 18k for it and had only 70k miles on it almost 2 years ago if somebody will pay you what you think its worth then you think your getting a good deal

 

[AndyMan]

edit: Andyman there above got corrupted into wanting a 12v right soon after riding in and driving mine. IF he had bought your truck (or one more like it) instead of the 12v he wound up with, I'll bet he would STILL be a 12v kinda guy.

Yeah, I had it bad for a 12'er after driving yours over at Mark's place, and I DID love The Abomination (my pet name for my 12v), but it required more reconditioning than I was willing to do to get it to MY standards.



I'd say most would agree that 12v trucks don't have the manners of a 24v much less a CR truck. That doesn't make them any less of an awesome truck, just different.

 

[FDavid]

$15-$18k is realistic.



I have a 98 12v quadcab long bed 5 spd 4x4 with 2 tone paint and leather and a banks power pack with 86k miles and $15k is is what I'd sell for if I was selling.

 

[Kiohio]

I understand the value of the 12valve truck but IMHO it's worth the 18k to 20k mark and as someone else mentioned you have to find someone with a little cash to add to their financing to get that for it.

The one thing about miles on these trucks, low mileage may make it more valuable to some but everyone knows the Cummins will last alot longer than that and the miles don't mean near as much as on say a gasser.

Don't take this personal or as a "cut", but I for one would take a 96-98 12v with over a 100k or even 150k on it over your with 60k to save the cash, IF the other was in just as good of shape.

Others do not share my same feelings.

For me it all comes down to money.

If money were no object, I'd buy one just like yours only a shortbed.

For reference I sold my 03 QC 4x4 6spd with 77k for 24k 3 months ago.

Good luck, It sounds like an awesome truck!



KO

 

[Nate]

Dunno. I paid 5,000 under book for my truck. Nothing wrong with it other than a few leaks here and there and a small bit of body work needing to be done. I have maybe $3000 into the truck in parts, including the "go fast" and "look nice" stuff.

 

[DNewell]

AL GOODMAN:

I don't hate saying this, but I work in the finance industry. I work at a local CU and am a loan underwriter. If I had someone come to me and say they found this sweet Dodge(just like yours), I would end up having to pull a NADA retail book value. Based upon your description, I have found that NADA retail is at $17200 for the Pacific NW region, it will book lower for southern states due to our varied weather here in the north. However, I will say, to refute what some people are saying in that we CAN consider the value of the options on the truck. Basically what I would need to have done would be a formal appraisal being done, where a third party company reviews the truck and comes up with a value. I can then use this for the potential buyer as the established value. I will say that most lenders change their loan types when the vehicle gets to be older than 10 years. At my employer, our rates jump by about 3. 5% if the vehicle is older than 10 years. I'd slap a sticker on it at 21k and see what happens.

 

[mgoncalves]

In my opinion, all the accesories hurt your value and limit your buyers.



I for one, wouldn't consider a used vehicle with a lift, big tires, fuel plate, fancy stereo, and bumpers. All that stuff adds a negative connotation to the truck. If the truck was 100% stock I'd say 13 or 14 would be fair. The way it sits, I wouldn't be interested unless it was around 10. But, that's just me. Maybe you can find the right high school kid who has some cash, certainly no bank would loan out over 20,000 for that truck.



Matt

 

[Forrest Nearing]

advertise it on this board and other diesel specific boards... you may be a little high on your asking price, but your truck is worth WELL over $15k!!!!!!!!!! for the right buyer, you might get your asking price!

 

[DonTX]

I share completely the opinion of mgoncalves. I too would never be interested in such a truck, but that don't mean it is a bad thing, only that you have to market it to a smaller segment of the population (even that is an opinion, the market share may well be bigger, I don't know).

I bought my truck from the classifieds on this board, don't underestimate its power to sell and reach your market.

 

[Hammer]

These trucks are out of the scope of realistic book values because of the demand and lack of supply

Hoot. .

I agree and know for a fact that banks will consider many things above and beyond normal items when financing these trucks. I have seen alot older trucks bring good money,yet get financed and make a new Ram owner out of many.

23-24k is absolutely unrealistic.

Scooter...

Has the sun in the West gotten to you or maybe suffering from air pollution on the noggin,LOL?. Again,I have seen trucks that were this old and even older bring as much or more to the right buyer.



Here is the thing gang and think of this when you try and attempt to bring value to his truck... ...

Sled Pullers back to back championship truck 1997 5spd commanded more than that,not once,but TWICE. Vorhees got 25k for BigBadDodge with major lower engine damage and it DIDN'T include the name(if he had sold the name the truck would have commanded way more,but,try and find a buyer then). Chad Davis's EEP Built 97 LB broght ALOT more than Al is asking for his truck. My point is this,its his truck and he WILL find a buyer for it as 98 12v's are sought after and he will get his price. You may not agree with that or like it but its a fact. I recently told a gentleman who wants mine so bad he can taste it,after he told me recently "Its not worth it and you need to lower your price" to TRY and find a clean 1998 12v in the same condition as mine and see what it brings. The trucks are worth what the owners can get for them,no matter what any finance company says or does... ... ... Andy

 

[DonTX]

Quote:

These trucks are out of the scope of realistic book values because of the demand and lack of supply



I am not sure if that is completely correct, after all the "book" values are based on prices in actual sales, which IS demand and supply driven, not some scale of depreciation or such. I thought I was paying too much for mine, but the "book" value was quite a bit higher than what I paid even, so I went for it.

 

[Jong]

I have a fond saying in sales... there is an a** for every seat, if you are willing to wait to fill it. If you want to see a place where unthinkable prices are paid for vehicles, look no further than the Barrett-Jackson auctions on Speedchannel. Vehicles on that block consistently sell for far above their estimated "value". Am I saying that a '98 12V Ram is the same as a '69 Plymouth Superbird? No... . but they don't make either of them anymore, there are not a lot of either of them, and finding one that hasn't been beat is getting tougher every day. Also, if the person interested in the vehicle has decent credit and some cash available to them, they will own the vehicle if it is something they REALLY want. Just my . 02

 

[Yo Hoot]

Quote:

These trucks are out of the scope of realistic book values because of the demand and lack of supply



I am not sure if that is completely correct, after all the "book" values are based on prices in actual sales, which IS demand and supply driven, not some scale of depreciation or such. I thought I was paying too much for mine, but the "book" value was quite a bit higher than what I paid even, so I went for it.

Those do not reflect private sales.