Looking to buy 2nd truck: Is there a black book for determining the value of commercial trucks?

Just go on truck paper, set the parameters you want and see how much your desired truck is going for

 

I don't know how accurate it is. Likely as accurate as Kelly Blue Book, i.e. not very.

Truck Blue Book

 

When I went to the bank they looked up the value of the trucks and trailers I was looking at. So there is something. I just did a lot of comprising shopping then when I found the best of the bunch I ran it through the bank to see how close I was?

 

For brand new vehicles it is much easier to determine their value.

I know a few dealers that don't like to sell new vehicles because it's easy to compare from one dealer to the other, but a used vehicle is much more difficult, especially if you're dealing with Class 8 trucks.

You can have a 2006 truck that has a rebuilt engine new rears new transmission new tires new alignment new paint just serviced new batteries ready to go. What's it worth? Whatever it's worth is worth more than the truck that doesn't have all those new parts on there. What would that be worth to you?

Or you can have a 2012 truck it looks like it's been through the war and needs everything. What's that worth to you?

Whenever I buy the truck or piece of equipment, I ask what is it worth to ME? What price can I purchase that at and feel comfortable with what I paid. What price can I purchase it to either break even if I need to get rid of it or make money on it hopefully. When you arrive at that price it doesn't matter what the dealer wants because you have your price.

And Google Craigslist to check prices for comprable trucks. If all of the dealers on truck paper are 10 and $20,000 hi how can you get a value from there?

And you may find a private seller that has the truck you're looking for.

Good luck.

 

if you want them to come down 20k it ain't going to happen keep looking. doesn't matter what you bring to the table, they don't have those kind of margins on a truck sale.

 

It's a used volvo. 20k.

 

Me too. When I bought my current truck the bank had a program and the lady plugged in the things I had for the truck like apu, aluminum wheels, anti-theft, inverter and it popped out the price they were willing to loan on it.

 

2nd this. It's market analysis. Take it a step further by using a search such as searchtempest or Facebook. Find a few high, mid and low priced units from both private sellers and dealers and get an average.

.....then knock off another 10%