What's it worth?

[68rustbucket]

'03 6.0 KR 4x4 C/C long bed, 281,000 mikes, original owner. All stock. Looking to trade in for F150, all I get from sales guys is "too bad it's not a 7.3". Only offering 5000-7000 for trade. Blue Book trade value is 10,000. I should report them for "attempted theft". Has anybody bought one with high mileage lately, what did you pay for it? I may just keep it, and Bullet proof it, and have a back-up work truck.

Thanks

[bismic]

Edit - my first run at KBB didn't keep the 6.0L engine option and I got $5000. Modified the options to reflect the 6.0L engine and it gave the $10,000.

So, it appears that KBB values the engine as a $5000 upgrade (even at 281,000 miles). I am not sure that is all that accurate.

I am looking at 2006 and 2007 trucks with half that mileage for less than $20k. I would think the value is probably around the $7k range - private sale. That is a lot of miles.

Another way to look at it is estimate the average life of a vehicle (which Ford intended the 6.0L for around a 350k mile service life IIRC). So if you have 70k miles left, that is about 3 years of driving on average. At $10k that is almost $300 a month cost to drive a 9+ year old truck. That is pretty high IMO. The 06's and 07's at 130k miles and under 20k miles come out to be less than $200 per month of remaining life. That is what I genearly shoot for in looking at buying used trucks.

[rsama]

I just looked up my truck on kbb. 150k Miles and comes in at 15-18k. Ext cab short bed. Most of options. I would think that between 5-10k for your truck would be a deal if body itself is in great shape.

[68rustbucket]

The body's in great shape, just some light hail dings on the hood. Full replacement front and heavy duty rear bumper. Just needs a set of tires.
Thanks for the replies!

[agjake11]

What's hurting you is that it's a 6.0 without studs at 280k. So potential buyers look at it with an upfront cost of about 3k if things go south fast