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SportTrac Discussion
General Sport Trac Discussion
What residual should you expect from a Ford?
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<blockquote data-quote="gary s" data-source="post: 955690" data-attributes="member: 59871"><p>"Book value for a 2004 Ranger XLT Extended cab 4 door V6 4x2 is 10K trade and 13K retail."</p><p></p><p></p><p></p><p>based on what?</p><p></p><p>see edmunds link i posted. also dealers in most cases are under the trade in number.</p><p></p><p></p><p></p><p>as far as profits after sale. caymen is somewhat correct.</p><p></p><p>on average it is costing 3.5K to operate a fleet vehicle per year. (w/o fuel, insurance, maintenance). remember a vehicle that is used in a fleet enviorment.</p><p></p><p>at any point after a year, i am able to turn the vehicle in or hold it as long as i want. sometimes bringing them down to a zero balance. on average i am reaping a 3-4K profit of what is owed after auction. in a few cases up to 6-8K.</p><p></p><p>you have to remember, this is in a fleet enviorment and that leasing is not always the best way to go for psnl use. i have never leased a vehicle for psnl use.</p><p></p><p>and to answer tom's question as me getting a percentage profit, i DO NOT. i just do what is right and the best for my company. one other thing, toyota has been good due to the high resale values that go along with the better quality.</p><p></p><p></p><p></p><p>btw: what happend with the previous responses???</p></blockquote><p></p>
[QUOTE="gary s, post: 955690, member: 59871"] "Book value for a 2004 Ranger XLT Extended cab 4 door V6 4x2 is 10K trade and 13K retail." based on what? see edmunds link i posted. also dealers in most cases are under the trade in number. as far as profits after sale. caymen is somewhat correct. on average it is costing 3.5K to operate a fleet vehicle per year. (w/o fuel, insurance, maintenance). remember a vehicle that is used in a fleet enviorment. at any point after a year, i am able to turn the vehicle in or hold it as long as i want. sometimes bringing them down to a zero balance. on average i am reaping a 3-4K profit of what is owed after auction. in a few cases up to 6-8K. you have to remember, this is in a fleet enviorment and that leasing is not always the best way to go for psnl use. i have never leased a vehicle for psnl use. and to answer tom's question as me getting a percentage profit, i DO NOT. i just do what is right and the best for my company. one other thing, toyota has been good due to the high resale values that go along with the better quality. btw: what happend with the previous responses??? [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
What residual should you expect from a Ford?
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