What’s it worth? 2004 with 55,000 miles!!!

Gassiper

New member
Mar 18, 2019
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Ran across a truck that is the classic “paw paw truck”. One owner. Automatic. 55,000 miles. Totally stock in every way. Perfectly maintained. No open recalls. Perfect leather. New batteries as of Sunday(2/23). What’s it worth?
 

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TheBac

Why do I keep doing this?
Staff member
Apr 19, 2008
15,684
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Mid Michigan
Damn thats a clean truck. Why cant they ever be GMC's?

Its worth whatever a person will pay for it.

NADA, KBB, Edmunds will give you a good starting point.


Oh yeah...moved this into SmokeSignals...still wish we had a "whats it worth" area....
 

Gassiper

New member
Mar 18, 2019
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0
Damn thats a clean truck. Why cant they ever be GMC's?

Its worth whatever a person will pay for it.

NADA, KBB, Edmunds will give you a good starting point.


Oh yeah...moved this into SmokeSignals...still wish we had a "whats it worth" area....


Thanks man. Think it’s worth 23? 24?
 

Gassiper

New member
Mar 18, 2019
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It is 4x4. Has leather that’s been under seat covers since day one. I pulled the drivers seat cover off today and it’s like brand new.
 

TheBac

Why do I keep doing this?
Staff member
Apr 19, 2008
15,684
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Mid Michigan
I guess you've got a decision to make, eh? Bank probably wont lend you a large sum on that old of a truck, but you never know. If you get it for under 20K, that would be a steal.
 

darkness

Well-known member
Jul 15, 2009
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vegas
If the injectors haven’t been changed yet I’d take $4000-$5000 off right off the top.
 

Chevy1925

don't know sh!t about IFS
Staff member
Oct 21, 2009
21,750
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Phoenix Az
Thats a good point. ^^^^ It is an LB7, isnt it?

yup, you can see the injectors under the valve cover in one of the pics.

hence my price. at 55k, its getting ready to need some things in a few thousand miles that these trucks are notorious for. if this thing was an LBZ, you would get 25k or more because of all the guys that go flipping nuts over them. LB7/LLY, not so much
 

gmduramax

Shits broke
Jun 12, 2008
4,081
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Nor cal
yup, you can see the injectors under the valve cover in one of the pics.

hence my price. at 55k, its getting ready to need some things in a few thousand miles that these trucks are notorious for. if this thing was an LBZ, you would get 25k or more because of all the guys that go flipping nuts over them. LB7/LLY, not so much

So buy it for 17 slap in a 200,000 mile lbz engine and sell it for 25 :woott:
 

sneaky98gt

Member
Nov 5, 2013
109
20
18
People paying $20k+ for a truck like that are nuts (though I don't doubt for one second that it'd sell in less than a day at that price). $20k-$25k will get you a very nice 3/4 ton gas motor truck that's less than 10 years old, heck maybe less than 5 years old. And it'll be nicer in just about every way possible.

I paid $13k for my 2003 arrival blue CCSB two years ago. 200k miles, 100% bone stock, 1 owner, immaculate condition, zero rust, never wrecked or painted, LT with every option on the books. It also came with a 5th wheel hitch and over $10k receipts worth of maintenance that had been done in the last 20k miles (injectors, front and rear suspensions, u-joints, transmission / diffs fluid changes, coolant flush, etc.). Still had the window sticker in the glove box, I think it was $42k brand new, can't remember for sure.

There's no doubt I got a steal at $13k; it's probably easily worth $15k-$16k. But dang, at some point you've got to realize that they're 15-20 year old trucks now; they're not worth half what they cost brand new. Certainly not to me anyway.
 

zakkb787

<that’s not me...
Sep 29, 2014
2,340
52
48
Granite Falls NC
It’s all about the miles on these trucks. 2-300k lbz are cheap right now. Low miles are 30k. That truck could easily go for 16-22k here.
 

sneaky98gt

Member
Nov 5, 2013
109
20
18
It’s all about the miles on these trucks. 2-300k lbz are cheap right now. Low miles are 30k. That truck could easily go for 16-22k here.

I agree entirely (I'm from NC as well, Raleigh area, and funny enough, also have a GasGas - 2011 EC250; just rode at Brushy Mountain this past weekend).

That truck would be gone in a day at $20k around here. If the seller was patient, probably wouldn't have a problem getting $22k-$25k. I saw a truck similar to mine pop up on Craigslist a couple months back; arrival blue 2004 CCSB, LB7, but an LS instead of an LT, with cloth interior. Had 140k miles, looked to be in decent shape (though not perfect), and made no mention of injectors being replaced (which probably means they hadn't been done). It was listed at $18k, and the ad was gone in 2 days. Don't know if they got $18k or not, but apparently they got what they wanted.

But I still think that miles are terrible indicator of the condition something is in. I'd take a regularly-driven vehicle with 200k highway miles way before I took a grandpa truck driven half a dozen times a year with 50k miles on it, if they were in the same shape. I certainly wouldn't pay a huge premium just for the lower miles.

Nonetheless, in this economy, people have the extra money to spend (well, they at least have the extra credit). And with so many people with their minds dead set on getting a diesel, a $20k used truck sounds like a deal compared to a $60k new truck. Like I said earlier, no way I'd plop down $20k+ for a 15+ year old truck, when the same money can easily get you a 5-10 year old truck. Trucks of the last 5-10 years are SO much nicer than ones from the early 2000s, with the gas motors coming a LONG ways from back then.
 

zakkb787

<that’s not me...
Sep 29, 2014
2,340
52
48
Granite Falls NC
I agree entirely (I'm from NC as well, Raleigh area, and funny enough, also have a GasGas - 2011 EC250; just rode at Brushy Mountain this past weekend).

That truck would be gone in a day at $20k around here. If the seller was patient, probably wouldn't have a problem getting $22k-$25k. I saw a truck similar to mine pop up on Craigslist a couple months back; arrival blue 2004 CCSB, LB7, but an LS instead of an LT, with cloth interior. Had 140k miles, looked to be in decent shape (though not perfect), and made no mention of injectors being replaced (which probably means they hadn't been done). It was listed at $18k, and the ad was gone in 2 days. Don't know if they got $18k or not, but apparently they got what they wanted.

But I still think that miles are terrible indicator of the condition something is in. I'd take a regularly-driven vehicle with 200k highway miles way before I took a grandpa truck driven half a dozen times a year with 50k miles on it, if they were in the same shape. I certainly wouldn't pay a huge premium just for the lower miles.

Nonetheless, in this economy, people have the extra money to spend (well, they at least have the extra credit). And with so many people with their minds dead set on getting a diesel, a $20k used truck sounds like a deal compared to a $60k new truck. Like I said earlier, no way I'd plop down $20k+ for a 15+ year old truck, when the same money can easily get you a 5-10 year old truck. Trucks of the last 5-10 years are SO much nicer than ones from the early 2000s, with the gas motors coming a LONG ways from back then.

I remember you from the ticket you got on 85 :roflmao: I’m about half an hour from brushy this I barely have a chance to ride anymore. I fully agree with you on miles. A truck that old with that few miles means it’s either been parked for a long time or barely driven and broken in. I know a kid that got his grandmas extremely low mile early 2000s Camry and blew a rod out the side passing someone. Miles aren’t the whole story.

As far as price, that’s subjective. I didn’t want a gasser even if it was newer. I paid 20k for my 06 in July of 18 with 218k on it. Did I overpay? Maybe. But it’s the truck I wanted and had treated me well.