Dismiss Notice



Register Today It's free! This box and some ads will disappear once registered!

Thinking about selling my wrecked truck. Need opinions.

Discussion in 'Stock 1995 - 2001 Explorers' started by Convict1997, October 23, 2008.

^^Searches ExplorerForum.com^^





  1. Convict1997

    Convict1997 Active Member

    Joined:
    January 2, 2003
    Messages:
    159
    Likes Received:
    0
    Trophy Points:
    16
    City, State:
    Concord, NC
    Year, Model & Trim Level:
    1996 2wd XLT 4.0 OHV auto
    I hope this is the right forum. I'm not listing the truck for sale. I'm just looking for ideas. I recently was hit and my truck received about $3k worth of damage. The insurance has paid out and now I'm trying to decide what to do. One thing I'm having a hard time deciding is, do I get the truck fixed? If I get it fixed, then I blow most or all of the money I've received so far. But, once it's fixed the insurance company will then assess the depriciation on the vehicle and cut another check. The only thing is that it HAS to be fixed before they will do that and I don't know how much the depriciation will be. Does anyone have an idea how much depriciation is involved when a vehicle is fixed after receiving that much damage? I do know that if it's more than 25% of the value of the vehicle that, in NC, to sale a vehicle it has to be disclosed at the time of the sale. This, of course, will lower the amount I will receive, but not as much as if I sell it as is. But, if I sell it as is then I've still got the $3k from the insurance. What do you guys think? The truck is a 98 sport 4x4 with 77K miles. NADA listed at $5k. How much do you think I should ask if I try to sell it as is?
    [​IMG]
    [​IMG]
    [​IMG]
     
  2. Support EF

    Join the Elite Explorers for $20

    Explorer Forum has probably saved you that much already, and will continue to save you money as you learn how to diagnose fix problems yourself and learn which modifications work without having to experiment on your own. Elite Explorer members see practically no ads, can add their own profile photo, upload photo attachments in all forums, and Media Gallery, create more private Conversations, and more. Join Today. Your support is greatly appreciated.



  3. Steeda90GT

    Steeda90GT Active Member

    Joined:
    July 6, 2006
    Messages:
    448
    Likes Received:
    0
    Trophy Points:
    0
    City, State:
    Central NJ
    Year, Model & Trim Level:
    99 Sport
    Keep the 3k, and try to sell your junked Explorer. You could probably get $500-up to $1000 for it.

    $3500-$4000...and you're looking good imho.
     
  4. project92

    project92 Active Member

    Joined:
    February 11, 2003
    Messages:
    390
    Likes Received:
    0
    Trophy Points:
    0
    City, State:
    missouri
    Year, Model & Trim Level:
    00E.B.,93 xlt 92 xlt
    sell it to a friend for a 500.00 bucks get your check and buy it back from him a few months later yeah it may cost you a few bucks in titling fee's but hey... or tell them to pay the 3k and give you a salvage title and keep driving it...
     
  5. ExploringNC

    ExploringNC Well-Known Member

    Joined:
    October 5, 2006
    Messages:
    1,059
    Likes Received:
    0
    Trophy Points:
    0
    City, State:
    Hickory, NC
    Year, Model & Trim Level:
    '98 XLT, '91 EB
    oooh!!!! that is a tempting buy and in my backyard :bounce:

    What motor and tranny do you have?
     
  6. Convict1997

    Convict1997 Active Member

    Joined:
    January 2, 2003
    Messages:
    159
    Likes Received:
    0
    Trophy Points:
    16
    City, State:
    Concord, NC
    Year, Model & Trim Level:
    1996 2wd XLT 4.0 OHV auto
    It's a 98 Sport 4x4 with the 4.0 SOHC and the 5 spd auto.
     
  7. CHEESYPOOFS

    CHEESYPOOFS Active Member

    Joined:
    May 19, 2008
    Messages:
    817
    Likes Received:
    0
    Trophy Points:
    0
    City, State:
    Mooresville NC
    Year, Model & Trim Level:
    98 XLT 5.0 2wd
    man yall need to come up to mooresville to the drag strip some thursday and run the strip with me. or atleast come watch the cars run ^_^ its a blast
     

Share This Page







We Support Our Troops!