Do you think XL trims will have a higher resale value over time?

[Ron Neal]

There can be a big difference between trade in, wholesale or retail pricing. How fast do you want to move it, how many hoops do you want to jump through, condition of the truck, mileage, regional pricing. etc. so a lot of moving parts and no pat answer for a truck that has no track record longer than roughly 3 years. Agree some bells and whistles don't always equate to higher resale value and the base XL may be a better return but the XLT is still the most popular. When it's time to sell it's just a used truck and worth only what someone will pay for it on any given day.

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[TXINSC]

This might be a weird question, but my old subaru impreza hatchback was a 5 speed manual absolute base model, and after about 10 years I noticed it had a higher resale value both as a gross dollar amount and percentage against original MSRP to most of the other trims.

Because it seems most non-fleet Mavericks are being ordered/produced as an XLT or higher, I'm wondering if it will make the XL a bit more rare in the future. And even though it will have the least amount of features on paper, it will also be the lowest priced down the road giving a higher perceived budget value as it ages down the road for the budget used buyer. Of course the gross dollar amount will theoretically be less than the high trim counterparts, but I'm wondering if the percentage (resale:MSRP) will hold a bit better after depreciation 5 years down the road.

Just a thought/question and curious on your thoughts since the XL seems to be in relatively high demand vs low production as well as me always hearing even younger people say just give me a cheap truck. If the US ever did away with the chicken tax it might throw this entire discussion into flux, but manufacturers are still prioritizing higher margin builds and price markups over affordable vehicles. That's why even if/when competitors like the Toyota Stout are announced for US production, prices will never be cheaper than they are now, just as the 2024 was never going to be cheaper than the 2022 in the real world.

My thinking is the less you pay, the less you will loose. Especially if you ever get to the point of having to give it away years down the road. I think it would be a difference for powertrain options. But when it comes to options only, the options will depreciate the most.

 

[DinoLord]

Definitely agree he meant it in a demeaning and patronizing way. I debated using the verbiage "poverty edition" because I knew somebody would take it the wrong way, not realize that it's a light-hearted term here, and get their panties all waded up.

Oh well.

Suggesting to anyone that they are in any form poverty rarely goes well.

 

[DoubleXL]

I have an xl. Really regret not getting the 4k tow package (awd and spray in bedliner were my only options). I dont own a trailer, but it would be nice to help pluck a car out of the ditch or tow a camper.

They did call me and ask if i wanted the 4k package 3-4 months into my wait but figured it would mess with my order que.

I half kind of expect my youngest kid to expect my as a hand me down truck when he is old enough to drive, which would be a good excuse to order another with more towing capacity.

Edit. A positive of the poverty edition is that it doesnt cost 5k for replacement taillights

 

[sundog]

2022 and 2023 Hybrid Mavericks will all likely retain more value due to MSRP increases alone, but likely also due to demand and the two "price drops" the Ecoboost had. Going from being a premium to the same price as the hybrid then to being $1500 cheaper this year.

I do wonder if certain trims are more likely to be flogged, like corporate and rental vehicles are and how that might affect average resale for that trim.

 

[Gray Goose]

Depends on the timeframe. In the first few years, resale is highly correlated to MSRP. Over time, the differences diminish. A 20 year old vehicle value will be determined more by mileage and condition than the trim level.

 

[OneAlienBoi]

I might be biased, but I believe the XLT will have the best resale value. It's cheaper, a better value than the lariat, but it has more equipment and desirability than the base model.

 

[Tiger Dude]

I am fairly confident that a higher cost trim will have a higher resale value.

 

[LSchicago]

XL's will depreciate less than highly optioned trucks for sure. My 2013 STX F150 5.0 cost me $24K new, and traded to the dealer 6 years later for $17,500. (loses far less actual dollars on lower trims than upper trim levels) That's only a $6500 loss for 6 years. Try that with a loaded XLT or Lariat! If it was a $50,000 Truck I would've been lucky to get $35K back ($15,000 loss)

 

[Bruce W]

This might be a weird question, but my old subaru impreza hatchback was a 5 speed manual absolute base model, and after about 10 years I noticed it had a higher resale value both as a gross dollar amount and percentage against original MSRP to most of the other trims.

Because it seems most non-fleet Mavericks are being ordered/produced as an XLT or higher, I'm wondering if it will make the XL a bit more rare in the future. And even though it will have the least amount of features on paper, it will also be the lowest priced down the road giving a higher perceived budget value as it ages down the road for the budget used buyer. Of course the gross dollar amount will theoretically be less than the high trim counterparts, but I'm wondering if the percentage (resale:MSRP) will hold a bit better after depreciation 5 years down the road.

Just a thought/question and curious on your thoughts since the XL seems to be in relatively high demand vs low production as well as me always hearing even younger people say just give me a cheap truck. If the US ever did away with the chicken tax it might throw this entire discussion into flux, but manufacturers are still prioritizing higher margin builds and price markups over affordable vehicles. That's why even if/when competitors like the Toyota Stout are announced for US production, prices will never be cheaper than they are now, just as the 2024 was never going to be cheaper than the 2022 in the real world.

I ran a 2022 XL and Lariat through KBB with the same miles and standard options for each trim level. The trade in values came in exactly the same on both vehicles.

 

[FamousAmos]

Yes, I believe this. It may be because I have owned two XL trim Mavericks at this point. Haha.

But seriously......down the road when I decide to sell it, I do believe that I will recoup more of my initial investment than someone reselling an XLT or Lariat based on the "value" of many of the XLT and Lariat features not maintaining their value compared to their original cost.

Adding 4k Tow, Sliding Rear Window, and CoPilot360 were smart (and relatively cheap) upgrades to the XL if you ask me. Those are what I believe will keep my resale value higher as a percentage of original MSRP in the future, even if it means I make back 65% of my original MSRP while someone with an XLT or Lariat makes back 60% of theirs.

Yes, I agree with Pain-in-butt. Extra googaws don't recoup their costs, although I consider CoPilot360 as a necessity and not a googaw. The only negative I can see is the lack of cruise control. But, it might be that second-hand truck buyers are wanting a "local" working truck, and have no need for interstate CC. For example, I just turned 5,000 on my XL, and could have used CC three times, on a 1-time trip to NC and back, and two trips to my dealer 16 miles away.

 

[paneubert]

Yes, I agree with Pain-in-butt. Extra googaws don't recoup their costs, although I consider CoPilot360 as a necessity and not a googaw. The only negative I can see is the lack of cruise control. But, it might be that second-hand truck buyers are wanting a "local" working truck, and have no need for interstate CC. For example, I just turned 5,000 on my XL, and could have used CC three times, on a 1-time trip to NC and back, and two trips to my dealer 16 miles away.

Cruise Control is a part (relatively small, but still a part) of why I sold my 2022 for a 2023. 2023 XL came with Cruise Control (and a button to mute the audio system on the steering wheel). I don't recall if it was standard, or if I had to add CoPilot360 to get it, but didn't matter either way since I wanted CoPilot360.

 

[259Maverick]

I actually ordered my truck as a base with 4k and that's it. Ended up finding a dealer selling a custom build that the person turned down and it had 4k and CP360. Actually glad I got it now more because of the insurance premium and many almost requiring it going forward for a reasonable rate in terms of the lane departure etc... plus I get the power mirrors. Price was a 2024 price but before the actual new year increase so ended up still being about $800 cheaper than the current price to build my configuration so I'm just pretending I got one under MSRP if it was as built today.

 

[The Real Maverick]

This might be a weird question, but my old subaru impreza hatchback was a 5 speed manual absolute base model, and after about 10 years I noticed it had a higher resale value both as a gross dollar amount and percentage against original MSRP to most of the other trims.

Because it seems most non-fleet Mavericks are being ordered/produced as an XLT or higher, I'm wondering if it will make the XL a bit more rare in the future. And even though it will have the least amount of features on paper, it will also be the lowest priced down the road giving a higher perceived budget value as it ages down the road for the budget used buyer. Of course the gross dollar amount will theoretically be less than the high trim counterparts, but I'm wondering if the percentage (resale:MSRP) will hold a bit better after depreciation 5 years down the road.

Just a thought/question and curious on your thoughts since the XL seems to be in relatively high demand vs low production as well as me always hearing even younger people say just give me a cheap truck. If the US ever did away with the chicken tax it might throw this entire discussion into flux, but manufacturers are still prioritizing higher margin builds and price markups over affordable vehicles. That's why even if/when competitors like the Toyota Stout are announced for US production, prices will never be cheaper than they are now, just as the 2024 was never going to be cheaper than the 2022 in the real world.

No.

 

[commadorebob]

No. Ford is on track to make twice as many 24s as 23s. And with interest rates like they are, I fully expect all trims to crater in resell.

I bought mine to run the wheels off it, so I'm not bothered either way.

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