Since I’ve been on the hunt for a new used car, I’ve been looking at lots and lots of ads on Craigslist and Autotrader. So much so, that I have pretty much no idea what’s going on in the world anymore. Who’s running for president of the US again? A man whose hair Jimmy Fallon plays with?
I’ve been closely keeping track of cars that I want like the M5, M3, C63 AMG, Z06, CTS-V and of course, the Raptor. You might be thinking: why the Raptor? It’s big, slow and more importantly it’s a Ford! Well, that’s true, but it’s a Raptor. Sure, it doesn’t fit into the same category as the others, but I really like it. I have absolutely no practical need for one, will probably always drive on normal roads with it, and certainly won’t be driving it at 90 mph on sand dunes and rocky terrain, but I’d still like to own one.
What I find most appealing about the truck are the looks and the rawness of the vehicle. A loaded version might appear to be refined with heated seats, navigation, bluetooth etc., but it’s actually not. The ride and driving aspects of the Raptor are rough and rugged and the ride is a bit jarring, but not so much to where you hate driving it.
And if there are any modifications on it whatsoever, like aftermarket exhaust and bigger, better, more offroad-capable tires, then you’ll be hearing a lot of everything—engine, road noise and let’s throw in some extra wind noise as well. You’re sitting up high in this ridiculous, obnoxious monster tank-like truck, going through a gallon of gas for every 8 miles, with the ability to drive over every smart car you see on the road.
Most of the Raptors I’ve test driven are modified in some way because owners seem to have a hard time not tweaking something. You’d think that modifying the Raptor would drop its value, but it’s the exact opposite. Dealers are definitely charging a premium for these used modified trucks and people seem to be snapping them up.
Recently I found one I liked that was listed at $36K and after test-driving it and starting negotiations with the dealer, I quickly found out that they had no interest in budging from asking price. They may have been willing to drop by a couple hundred but not much more than that. Other dealers were acting the same way—effectively non-negotiable—unwilling to lower their listing price.
5 year old, 4-door Raptor with around 70K miles are listed around $36K-$37K which is a lot for a used Ford product. The demand must be there to keep the prices of these used trucks so high which reminds me of what I’ve recently witnessed with the FJ Cruiser. I guess people, like myself, have a fascination with the Raptor that defies logic and we collectively keep the Raptor from getting cheaper.
I can barely find any for sale by individuals. The few that I manage to come across are either priced higher than what I see at dealers, or they’re gone in a blink of an eye. Even Raptors with over 100K miles are going for around $30K.
For $36K-$37K, I could get a 997 Porsche 911, or an E63 AMG or a variety of other cars. However, within the guidelines of my subscription program, as long as I can sell what I own easily, I don’t mind owning an expensive Raptor for a while. And judging by the crazy market for this truck, I don’t think I’ll have any trouble getting rid of it.
However, for now, I don’t think I should pay a premium for the truck. With the new 2017 Raptors just around the corner, I expect the market for used Raptors to cool off a bit. I’ll probably be able to find an individual owner who I can work out a good deal with who wants to offload the truck once they get sick of paying thousands of dollars a month to keep their gas tank full.
These terribly fuel inefficient, offroad monster trucks are obnoxious but amazing. I want one. But it will have to wait. In the meantime, I might get an M5 that gets 11 mpg.