Possibly for sale?

[mpeugeot]

Yeah I definitely agree with you both. We’re looking to refinance in hopes we can lower that payment. Going to hold onto it until someone bites. Who knows

Refinancing is doubling down on a bad decision. Find a way to either get out of it closer to what you owe (other than insurance fraud) or to pay it off early and stop the additional money bleed associated with interest. Now slowly step away from the refinance button.

As someone with a 2021 with 95k miles, the KBB value of my Bronco is $23-24k, maybe... And although I was under MSRP at $48k, it has depreciated 50%+). The only way to win is to drive the wheels off it and keep it long term (which was the plan for me).

I suggest you pay it off sooner rather than later unless you have GAP insurance, because you can't take advantage of GAP insurance if you pay off the vehicle early and have an unforeseen accident.

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[Montana Bronco]

Holy sh*t you paid a lot of ADM, dude.

 

[Broncno]

I think if you can hold out, values will increase, or at least not go down much more. I can't find a clean title bronco anywhere under $30k. If the bronco values are anything like the wrangler, 2018s are still selling for around 25k to 35k.

 

[DBX2]

Hi there, and thank you in advance. My wife is thinking about selling her 2021 Big Bend Sas Package Bronco (Auto). It has 35,000 miles on it, and we still owe about $43,000. It's been mainly used for commuting and is in great condition (pavement princess) – no accidents, smoke, or pets. How much could we sell it for privately? A dealer offered only $31,000, which seems quite low. Thanks again!

Ouch re: so upside down.
It’s a stunner; enjoy it and try to pay down the principle asap. When you’re not being strangled by the financial hole you’re in, other options may present

 

[DaveInSA]

Just for reference, I just bought a 2021 Badlands 4-door w/High package & 24k miles for $39k

 

[Lowcountry Bronco]

Hi there, and thank you in advance. My wife is thinking about selling her 2021 Big Bend Sas Package Bronco (Auto). It has 35,000 miles on it, and we still owe about $43,000. It's been mainly used for commuting and is in great condition (pavement princess) – no accidents, smoke, or pets. How much could we sell it for privately? A dealer offered only $31,000, which seems quite low. Thanks again!

Have you tried Carvana and all the other online sites to see what they'd offer you? It's a different world than it was back in '21, there's dealer stock sitting on the lots and used vehicles offers are no longer at original sticker. It is a sharp Bronco, you couldn't replace it at $43k but unless you can find a private buyer you'll either be eating the difference or enjoying it for a little while longer. Either way, good luck!

 

[broncobase1]

I have a pretty much bare bones 22 Base with 10K miles. Carvana was still offering $36K about a month ago, which is what I paid.

 

[timhood]

Yeah I definitely agree with you both. We’re looking to refinance in hopes we can lower that payment. Going to hold onto it until someone bites. Who knows

Just don't extend your term, or you'll be upside down even longer.

 

[65CarryAll]

Re-Fi can be worth it if the new rate is several points less than present and you don't add months. You can also save money by paying either loan off earlier by making extra payments to avoid some of the interest.

 

[Gizmo]

I have only been offered about $40K on my 23, 4,000 mile hardtop, sas OBX-prices have really really dropped as of late.

 

[Sitruc_btb]

Holy crap, I paid $44k out the door cash for my base Sasquatch. Ordered and waited 51 weeks during Covid.

You’re in too deep, just keep it, besides, it’s beautiful.

First thing that popped in my head.

 

[Alienpilot]

I feel your pain!

I purchased my 2023 Badlands 2 DR Bronco SAS for $56,200 back in December 2022. After waiting for over two years BTW.
I put it up for sale on this forum purely for the fact that I never drive it. It's a beautiful Bronco.
I let my Girl Friend drive it for the past three weeks because I got tired of seeing it just sit in the garage.
Mileage is now just over 6,000 miles.
I was asking $48,000 for it, but I have had not a single offer on it.
Any reasonable offer wouldn't be turned down.

Insurance is eating me alive for a vehicle that just sits in my garage and looks pretty.

I purchased a 2023 Single Cab F150 5.0 which has pretty much been my daily driver.

Only problem as mentioned in another comment. I couldn't replace it for $48,000.

Drove it for the past few days. Awesome truck and it turns a lot of heads still in 2024.

 

[KillerPenz]

Hi there, and thank you in advance. My wife is thinking about selling her 2021 Big Bend Sas Package Bronco (Auto). It has 35,000 miles on it, and we still owe about $43,000. It's been mainly used for commuting and is in great condition (pavement princess) – no accidents, smoke, or pets. How much could we sell it for privately? A dealer offered only $31,000, which seems quite low. Thanks again!

Well you got me beat. Carvana will only offer me $29,400. I'm a 2021 BaseSquatch 2.7l. But then again I only paid just over $40k for mine, 3% below invoice. Never understood why people were willing to pay ADM on these things. Especially when the novelty is already worn off and dealers have tons on the lot.

 

[Tdub0527]

One more data point for you. I traded in a:
- 22BB 2.3, auto, non sas, mid package, 18k miles, soft top, with many extras for 35k
- I bought 2021 (yes, year older) a 2.3, auto, Badlands, sas, lux, soft top, mod bumper, no upgrades with 6k miles for $48,500

I live in Minnesota but this transaction took place at a dealership in Illinois in Feb. They still have my BB and lowered their original 42k price to $39,900.

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