How to Find the Value of an Old Truck

How To Determine The Value of an Older Used Truck

Pickup trucks may have started as working vehicles, but they’ve become a favorite form of daily transportation to many in America, especially men. When you need to find the value of a used truck you want to sell, here’s what you need to know.

What is an Older Trucks Value In 2024?

The good news is trucks tend to hold their value compared to many SUVs and popular sedans. Trucks that are five years old tend to lose about 30% of their value, compared to about 40% depreciation in a sedan.

What Types of Trucks are The Best Selling?

The best selling new and used vehicle in the US is the Ford F-150, and it has been for about 20 years. The favorite trim is the SuperCrew, with four doors and plenty of family seating. Following close behind are the Chevy Silverado and the Ram 1500. Nissan and Toyota have a definite following, but most pickup drivers in America prefer American made.

What are the Average Prices for Trucks?

It’s a good thing pickup trucks hold their value well because they tend to be more expensive than many passenger cars. Used pickup truck prices average around $30,000 to $35,000 But many factors can cause that value to jump up or down dramatically.

What Factors Can Affect the Value of a Truck?

The things that can swing the value of a truck higher or lower tend to be the same as with any used vehicle.

• Make & Model: The truck’s maker matters a lot to brand loyalists. And higher trims with more features will bring higher prices, new or used. Price will also vary based on the size of the truck. Full-size trucks like the F-150, Silverado, Nissan Titan and Toyota Tundra, demand the highest prices, while compact trucks like the Ford Maverick have less value. Midsized trucks like the Tacoma and Frontier falls unsurprisingly fall in the middle. 
• Model Year: Trucks hold their value better than most vehicles, but they still depreciate annually. 
• Mileage: The distance a truck has been driven impacts resell value.
• Overall Condition: A truck used for heavy hauling or recreational off-roading and “mudding” will bring less money than a daily driver and commuter.
• Aftermarket Features: Popular aftermarket features like bed covers, roll bars, light bars, lift kits can increase value. Trucks lovers often modify their vehicles with a huge range of available options.
• Towing Capability: Trucks with a towing hitch or an easy way to add one fetch higher prices. Even trucks used for daily transportation haul boats, quads, jet skis and camping trailers on weekends.

How Do I Determine The Value Of My Truck?

To find out the specific value of your truck, consult with industry standard sources like Kelly Blue Book and  Edmunds, and you may want to invest in a vehicle history report. You can also get offers from local dealers.  Ultimately, what will determine the value of your vehicle is how much someone will pay for it.

How Do I Get My Truck Ready to Sell?

Here’s a few steps to follow when you decide to sell your vehicle.

• Clean It Physically: Do a detailed job of detailing and cleaning your vehicle, inside and out. That includes windows, mirrors and removing any personal items. 
• Clean It Digitally: If it has an infotainment or navigation system, disconnect all your devices and delete personal information like your home address and travel history to protect your privacy and personal data.
• Gather Your Documents: Find your title and any other supporting documents like a vehicle history report and maintenance logs. If you don’t have the title, check with your state motor vehicle authority about how to acquire a replacement.
• Take Good Pictures: Be sure to capture angles that show the entire vehicle inside and out. If the vehicle has any damage or issues, document them.
• Advertise It: Dealers tend to offer lower prices than you can get in private sales. If you choose to sell the vehicle yourself, advertise it in places like Craigslist, Facebook Marketplace, and even local classified ads in newspapers and other circulars. others. 
• Meet with Potential Buyers: Then you have to meet with and screen perspective buyers. Remember, don’t sign over your title until you get paid and that payment has cleared the bank. Never accept unconventional or unfamiliar payment methods to avoid scams.

Is There a Faster and Easier Way To Sell My Truck?

Yes. You can get an offer on your truck by filling out the online form at CashForCars.com or calling 888-429-3064. We’ll give you a cash offer for your vehicle based on actual winning bids in Copart’s global online auto auctions for vehicles of similar make, model, trim and condition. We use markets, not math formulas, to determine the value of your truck.

You have up to 7 days to accept the offer, then schedule a convenient time for our transporters to pick up your truck and deliver your payment. 

The Biggest Benefit of Selling Your Truck to Cash for Cars

Selling your pickup to us not only gives you the fair market value for your truck, it also gives you the value of the time you don’t have to spend selling your truck. As your slogan says, we make it fast, safe and easy to sell your truck.