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Re: OT: Exploder Blue Book Values? longish (archive)

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Posted by Jim Rohn on February 02, 2001 at 13:18:03:

In Reply to: OT: Blue Book Values? posted by Zoso on February 02, 2001 at 13:00:56:


My girlfriend is currently looking at getting a used 96' Ford Explorer XLT. 62,000 miles. Well loaded. Good condition. The dealer wantes about 10k for it. I go on kbb.com and edmunds.com and they both say that the truck is worth between 13k and 14k (retail) and over 11k trade-in. I seriously doubt the dealer would sell it for lower than its real value.

Why such a discrepency?
Anyone have anything good or bad to say about a '96 Ford Explorer XLT (4.0l)? Anything I should look out for (besides the tires)?

Thanks,
Mike

Hey Mike, there has been a TREMENDOUS amount of bad publicity about the rollovers that people have suffered (poor drivers IMHO) driving Exploders. The market switches faster than the KBB can with that type of publicity. I personally feel you are getting a "good" deal with that price. Remember the Audi's in the 80's??? Their value fell like a rock after all the brewhaha over the "unintended acceleration". You coulda picked one up for dirt right after that.

Used car values is a game of supply and demand plus "perceived" values (in the case of the Exploder roll overs). Right now you can buy Explorers (Exploders) cheaply, just like last summer's glut of M3 sedans.

If it checks out ok, it is a "good deal" considering replacement cost of that type of vehicle.


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