Residual values of trucks

[hone_eagle]

Toyoda -63%
Ford F150 - 58%
Silverado - 51%
GMC - 51%
Ram - 46%
Nissan - 42%

These are 2015 numbers ,looks like the alloy F150 is not a dumb move .Nissan was a surprise to me.

link

[FishOnOne]

Mike Up wrote:
If those were the only problems I had. Those plus tons more. Traded after 1 year and 19,000 miles. Lucky to walk away unhurt from that truck after brakes failed.

Yes I suspect brake failure isn't any fun!

[JALLEN4]

Skid Row Joe wrote:

JALLEN4 wrote:

mich800 wrote:

JALLEN4 wrote:
Most all leasing companies use the figures supplied by ALG in their ALG Leasing Guide. These figures are used by multi-billion dollar leasing institutions to lease in excess of a hundred-billion dollars of vehicles yearly. With the money involved, these prognosticators are far advanced from ESPN talking heads.

I think it reasonable to assume the numbers used are far more reliable and accurate than anecdotal experiences related on a public Forum.

That is funny. I was thinking maybe they were using the leasing arms residual values. But it is the other way around. I only leased two vehicles in my lifetime but in both cases the residual ended up being very close to the market value at lease turn in. If this is the case I would be comfortable using their figures. Thank you for the update.

By far, the majority of leasing in the U.S. is through the captive finance arms of the manufacturer...Chrysler Credit, Ford Motor Credit, Mercedes Credit, etc. These lenders, for the most part, base their residuals on ALG Guides. In some isolated cases they will use slightly higher residuals on certain models using manufacturer subsidies for competitive purposes.

Is the ALG Leasing Guide available to the general public online?

There are numerous sites on-line that use ALG numbers but I have never seen a site that uses the actual ALG formatting.

[Mike_Up]

If those were the only problems I had. Those plus tons more. Traded after 1 year and 19,000 miles. Lucky to walk away unhurt from that truck after brakes failed.

[FishOnOne]

Mike Up wrote:

hone eagle wrote:
Toyoda -63%
Ford F150 - 58%
Silverado - 51%
GMC - 51%
Ram - 46%
Nissan - 42%

These are 2015 numbers ,looks like the alloy F150 is not a dumb move .Nissan was a surprise to me.

link

Those are exactly what I would had thought. I'm surprised Nissan was as high at it was with the unreliable Titan and other substantial problems Nissan has. I learned my lesson with Nissan.

Rear end failure? Dashboard rattle galore?

[Mike_Up]

hone eagle wrote:
Toyoda -63%
Ford F150 - 58%
Silverado - 51%
GMC - 51%
Ram - 46%
Nissan - 42%

These are 2015 numbers ,looks like the alloy F150 is not a dumb move .Nissan was a surprise to me.

link

Those are exactly what I would had thought. I'm surprised Nissan was as high at it was with the unreliable Titan and other substantial problems Nissan has. I learned my lesson with Nissan.

[FishOnOne]

blofgren wrote:
For 1/2 tons this may be true. But I can tell you that in this neck of the woods Ram with the Cummins diesel has the best resale value in the HD class. They are a very desirable truck that do not last long when listed.

I purchased a 05 Dodge 2500 cummins before it was even detailed and put on the lot for a very cheap price, but I believe part of that was because it had a manual tranny that many don't really want anymore.

[Skid_Row_Joe]

JALLEN4 wrote:

mich800 wrote:

JALLEN4 wrote:
Most all leasing companies use the figures supplied by ALG in their ALG Leasing Guide. These figures are used by multi-billion dollar leasing institutions to lease in excess of a hundred-billion dollars of vehicles yearly. With the money involved, these prognosticators are far advanced from ESPN talking heads.

I think it reasonable to assume the numbers used are far more reliable and accurate than anecdotal experiences related on a public Forum.

That is funny. I was thinking maybe they were using the leasing arms residual values. But it is the other way around. I only leased two vehicles in my lifetime but in both cases the residual ended up being very close to the market value at lease turn in. If this is the case I would be comfortable using their figures. Thank you for the update.

By far, the majority of leasing in the U.S. is through the captive finance arms of the manufacturer...Chrysler Credit, Ford Motor Credit, Mercedes Credit, etc. These lenders, for the most part, base their residuals on ALG Guides. In some isolated cases they will use slightly higher residuals on certain models using manufacturer subsidies for competitive purposes.

Is the ALG Leasing Guide available to the general public online?

[goducks10]

They sell the slightly used trucks to uninformed buyers. Might take a while but it will sell. There's one born everyday.

[jrp26789]

Fordlover wrote:

jrp26789 wrote:
I just traded my 3 yr old ram in. I got 4000 less than I paid new.

This is insanity to me. I would never pay 4 k less than it would cost me to buy brand new with a full warranty.

This reminds me of when my mother was vehicle shopping, I found a used Ford Escape at carmax with a no haggle price of ~250 dollars more than a brand new Escape at the Ford dealer down the street.

I completely agree. They had a 2014 used with the 5.7 hemi and a few more options than the 1 I bought for 3000 less than the new one I bought. I would take new. But when they offered me 4000 less and good rebates and price on the new one I couldn't resist. I did buy the other one for a real good price when I bought it.

[Fordlover]

jrp26789 wrote:
I just traded my 3 yr old ram in. I got 4000 less than I paid new.

This is insanity to me. I would never pay 4 k less than it would cost me to buy brand new with a full warranty.

This reminds me of when my mother was vehicle shopping, I found a used Ford Escape at carmax with a no haggle price of ~250 dollars more than a brand new Escape at the Ford dealer down the street.

[JALLEN4]

mich800 wrote:

JALLEN4 wrote:
Most all leasing companies use the figures supplied by ALG in their ALG Leasing Guide. These figures are used by multi-billion dollar leasing institutions to lease in excess of a hundred-billion dollars of vehicles yearly. With the money involved, these prognosticators are far advanced from ESPN talking heads.

I think it reasonable to assume the numbers used are far more reliable and accurate than anecdotal experiences related on a public Forum.

That is funny. I was thinking maybe they were using the leasing arms residual values. But it is the other way around. I only leased two vehicles in my lifetime but in both cases the residual ended up being very close to the market value at lease turn in. If this is the case I would be comfortable using their figures. Thank you for the update.

By far, the majority of leasing in the U.S. is through the captive finance arms of the manufacturer...Chrysler Credit, Ford Motor Credit, Mercedes Credit, etc. These lenders, for the most part, base their residuals on ALG Guides. In some isolated cases they will use slightly higher residuals on certain models using manufacturer subsidies for competitive purposes.

[W4RLR]

I only know that when it came time to replace my totaled 2005 Ford F-250 with the (gasp!) 6.0 diesel, I had a devil of a time trying to find a replacement at a good price. It took me three months and a search across seven states until I found my 2008 Ford F-250. Even with an engine that has its share of problems, the 6.0 trucks were still fetching $20,000 retail. That would have made it worth half the purchase price new last October. I'm happy with my Fords, thank you. The only reason I don't have a Ford car is that they don't sell diesel cars in the U.S. So all of the other cars in my family fleet are Volkswagen Jetta TDIs.

[jrp26789]

No issues. Last year I upgraded the camper to a travel trailer. (We had a small fifth wheel before) and the 1500, while up to the task, performed below my standards. So I accidentally test drove a new 2500 with the 6.4 and there was no going back. When he offered so much for my trade I couldn't resist. It worked out to .18 a mile depreciation. I generally don't keep vehicles long. I don't like repairs or maintenance. So I trade often. I do oil changes and tire rotation. Brakes if needed.

[atwowheelguy]

jrp26789 wrote:
I just traded my 3 yr old ram in. I got 4000 less than I paid new.

I'm curious. Why only three years? Problems with it?

I generally keep mine longer.
'01 Ford F150 - 12 years, 240,000 miles (Reason: Wanted Ecoboost for towing)
'94 Chevy C1500 - 7 years, 172,000 miles (Reason: Too many transmissions)
'88 Chevy C1500 - 6 years, 150,000 miles (Reason: Wanted extended cab)