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What To Do With A Clean, Well-Maintained, High Mileage '06??

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TDR members represent a huge body of experiences, opinions, and varying value systems. I'd appreciate hearing your suggestions about what to do with my current truck. I expect to get a call no later than early next week that the '08 3500 Cab and Chassis I ordered almost two months ago has arrived at the dealer.



I have a very clean, very well maintained 2006 Ram 3500 SLT QC DRW truck with 227,500 miles on the odometer. It is white, the paint is shiny, and it has no dents or dings. The interior is perfect. The driver's seat has always been protected by an aftermarket seat pad. It rides and drives as tightly as a new one. If I hid the odometer and let someone inspect it and drive it they would have no idea that it has 227k miles on it. It has all the bells and whistles except in-dash GPS and leather. It is a "Lonestar Edition" with that package of options. It has U-Connect, Sirius, Premium cloth, 6 disc premium sound system, fold flat load floor, XM add-on, Garmin GPS, a full built DTT 48RE with all the billet steel parts, exhaust brake, Mag Hytec deep pan transmission and differential covers, Pricol gauges, Geno's floor mats, Geno's radiator guard, Reese 20K fifth wheel, 70 gallon Transfer Flow tank, notched aluminum fifth wheel tool box, and lots of other goodies I'd have to dig out of my records. It has a 60% set of Michelins, recent new front hubs and brake pads, recent new A/C compressor, recent new water pump, belts, and hoses, recent alternator rebuild by an Amish craftsman, and more. I have kept a a full maintenance history. A friend of mine who is a former Dodge dealership mechanic has done most of the service and almost all of the maintenance on it. The truck has had regular oil changes with quality oil and never anything but Fleetguard filters from Genos. The transmission and differential have always been filled with sythetic lube. All the parts that were replaced were replaced before the originals failed because I always choose to avoid break downs.



Approximately 50% of the miles are towing miles and 99% are highway miles. The only thing wrong with the truck is the rear main seal seeps a few drops on the driveway. I have a new seal but haven't yet had the transmission pulled to replace it.



TDR members know that a truck like I have described has at least another 250k miles of relatively trouble free life left in it but, as we all know, it is hard to get financing to buy one with high miles. A buyer has to either have cash or a good relationship with his bank or credit union in order to borrow to buy one with miles on it. I didn't even consider trading it to my dealer and have not tried to price it yet or list it for sale anywhere. I am not certain how to price it or what to do about all the equipment. I could offer it for sale as is with all the equipment still on it. It is perfect for an RV transporter or commercial hauler as is. Or, I could strip all the equipment off of it and transfer everything to the new truck to avoid spending several thousand dollars to set up the new one.



Have any of you had experiences selling or buying similar trucks? Do you have any good ideas as to the best way to proceed? Obviously I'm not going to give it away but I don't owe anything on it and I can price it at whatever it is truly worth.



Harvey
 
Put it up for sale.



I know a guy local here who just sold an 04. 5 with 230,000 miles on it. He used it for hauling up and down I-5. It was just like yours, in immaculate shape. He had it listed for about 17K or so.
 
Your target buyer would be someone who wants a newer good looking truck, but hardly puts on any miles to speak of, maybe tows the boat to the lake a half dozen times, but has other vehicles for everyday use. If it's someone you know and trust, you may offer some financing yourself.

There are people on here with 4-5 year old trucks with 20K miles.



Oh yeah, and in your case, it would make sense for you in the future, since you wear them out so fast, to buy like a 3-4 year old truck that's barely broken in, and save about half the cost of a new truck, then rack up some real miles in a year or two, then sell it for nearly what you paid for it.



How many engine hours?
 
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I had my selling dealer run a diagnostic test on it recently (I'll have to dig out the report form to answer your question) and it showed no problems, the operating hours match the odometer, very low percentage of idle time, and very low percentages of time operating at higher power levels. The technician explained the report and essentially bragged on the way it has been used.



Harvey
 
If it's really that good, and it sounds like it is, why are you getting rid of it? It's really hard to get rid of a high mileage vehicle for what it's "really" worth.
 
I made the mistake of driving the new ones with six speed automatic transmissions and the bug bit me.




I quit transporting at the end of last October when fuel prices continued to rise and our rates were not so I don't anticipate putting that kind of miles on one again unless I really get bored with sitting around at home. As many know, the road is addictive.



You're right of course. It is hard to get a good price for one with that many miles primarily because of the difficulty for most buyers to obtain purchase money.



Has anyone ever bought or sold a truck from the TDR classified ads?



Any other suggestions where I might advertise it if I decide to advertise on a bigger scale than just locally?



Harvey
 
Oh yeah, and in your case, it would make sense for you in the future, since you wear them out so fast, to buy like a 3-4 year old truck that's barely broken in, and save about half the cost of a new truck, then rack up some real miles in a year or two, then sell it for nearly what you paid for it.



How many engine hours?



Can't depreciate a used one like you can a new one ! :-laf
 
I made the mistake of driving the new ones with six speed automatic transmissions and the bug bit me. *



I quit transporting at the end of last October when fuel prices continued to rise and our rates were not so I don't anticipate putting that kind of miles on one again unless I really get bored with sitting around at home. As many know, the road is addictive.



You're right of course. It is hard to get a good price for one with that many miles primarily because of the difficulty for most buyers to obtain purchase money.



Has anyone ever bought or sold a truck from the TDR classified ads?



Any other suggestions where I might advertise it if I decide to advertise on a bigger scale than just locally?



Harvey



Harvey, try EBay!!
 
If money allows, keep it as a hobby truck. Sounds like you could make a nice show truck/museum piece out of it without a whole lot more effort or $. Use your new one daily and this one to go to meets or shows just like you would an antique car.
 
Does it have 8ft bed? How much you looking for it?

I have a 1990 Ram 250 standard with

200K+ ,have avg 22 mpg most of the time, bought it new Feb 90 also have a 1993 QC auto bought Dec 02 with 119+ miles avg 18. 5 mpg. Am looking for fairly new truck thats been takin care of.

I live in Alvin, TX

Phone 281-331-9751



Frenchman
 
Harvey, I forget my E-mail witch is



-- email address removed --



Ok? I would rather communicate by E-mail or Phone anytime before 9Pm.



Frenchman
 
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Thanks to each of you for your ideas and suggestions. I had not thought of craig's list. I'm in no hurry as I don't have the replacement truck yet but I think I'll look into listing it on ebay and craig'slist as suggested.



Harvey
 
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