View Poll Results: wat to do
keep it
66
80.49%
dont keep it
5
6.10%
trade up or down
7
8.54%
get a cheap car to drive instead while paying truck down
4
4.88%
Voters: 82. You may not vote on this poll
Checked kbb today, upside down 20-22k dealer trade, 17k pp
12-20-2018, 02:55 PM
#21
Senior Member
I tend to take care of and keep my vehicles for a long time. Before my current truck I drove an Explorer for 16 years. To me this is the best way to reduce vehicle ownership costs.
For this to method to work it’s imperative to do my research and buy what I truly want and to maintain what I have. The payoff for me is driving without a car payment for 10 plus years. (I’m not the type that needs the latest and greatest as this come with a cost.)
So my advise to the OP would be to keep it and drive it. Eventually you will have it paid down to a break even point. Keep it long enough and the amount you “over spent” will be spread out over so many years you’ll forget it ever happened.
Cars are almost never and investment. And anytime you buy/sell a vehicle you are likely to be spending money beyond the vehicle purchase in the process.
For this to method to work it’s imperative to do my research and buy what I truly want and to maintain what I have. The payoff for me is driving without a car payment for 10 plus years. (I’m not the type that needs the latest and greatest as this come with a cost.)
So my advise to the OP would be to keep it and drive it. Eventually you will have it paid down to a break even point. Keep it long enough and the amount you “over spent” will be spread out over so many years you’ll forget it ever happened.
Cars are almost never and investment. And anytime you buy/sell a vehicle you are likely to be spending money beyond the vehicle purchase in the process.
12-20-2018, 03:55 PM
#22
Senior Member
I stopped reading when you got snippy with a fellow above. This is all self inflicted and you come here looking for someone to tell you how to get out of it? You mention you got boned. You boned yourself, you signed the papers buying a shiny new truck and rolling your loan. Rule of thumb: If you can't pay cash, don't buy it!
12-20-2018, 04:05 PM
#23
There’s no benefit to selling or trading at this point. In my experience it takes about three years to get the value and debt even. Anytime you buy a new vehicle you are going to be upside down for a while.
You can always take it to CarMax just to see what you might be able to get. They’ll give you a value with no pressure.
If the steering bothers you, test drive another truck to see if it’s the same. If it’s the same, it’s just something to deal with unless someone knows of an adjustment that can be done. If not, you can have the dealer check it.
You can always take it to CarMax just to see what you might be able to get. They’ll give you a value with no pressure.
If the steering bothers you, test drive another truck to see if it’s the same. If it’s the same, it’s just something to deal with unless someone knows of an adjustment that can be done. If not, you can have the dealer check it.
12-20-2018, 05:09 PM
#25
- I am dissatisfied with how much more resistance there is in the steering in my 3.5 rather than my old 2.7 2-7 was super smooth & easy to turn... (maybe something up?)
- I dont actually need a 6/5 bed
- Harder to park
- Less mpg than the 2.7
I would go back in time and keep my 2015 2-7 but thought the "grass was greener" with a longer bed & 3.5. the ONLY thing i see the 3.5 has on the 2,7 is that maybe, someday, ill use it to tow a camper if i get a family or significant other & we want to camping locally. Will be moving to Colorado in three months and to be honest, could really use a truck for that move.
On your current truck, is it Max Tow? If so, that would explain the stiffer steering. My 18 Plat is like that, but I prefer it over the sloppy steering that was in the 16. The rest I tend to agree on as well, that extra foot makes for a larger turning radius, harder to park, and the 3.5 does use more fuel.
It's too bad about these being disposable as they are, the values plummet the moment they are titled (which is the difference between new and used). Heck even buying used you would think a good deal and be positive on the equity side, only to find out the value is not as great as it was during the research period said it would be. I bought an MKT that was $4K below average retail and when it came time to sell, was worth less than owed even with the $4K advantage. I would have been better off selling it a month after buying it and got money back instead of 1 year later.
12-20-2018, 05:15 PM
#26
It might be worth a little more but the hard part is finding a buyer for a used 2018. Dealers are offering massive discounts on the 18's now and most buyers will need financing so it would make the most sense going through ford for the 0% vs. a bank @5% ish
Like the other guy said, this is very bad advice because he would literally be back in the same boat after he got out of it
LOL get off your high horse. Id be pretty pissed off too if a random guy was spewing false information about me, the guy was telling everyone op rolled a $10k debt into his new truck when it was less than $1k.
LOL get off your high horse. Id be pretty pissed off too if a random guy was spewing false information about me, the guy was telling everyone op rolled a $10k debt into his new truck when it was less than $1k.
The following users liked this post:
user 83720 (12-20-2018)
12-20-2018, 05:43 PM
#27
It might be worth a little more but the hard part is finding a buyer for a used 2018. Dealers are offering massive discounts on the 18's now and most buyers will need financing so it would make the most sense going through ford for the 0% vs. a bank @5% ish
Like the other guy said, this is very bad advice because he would literally be back in the same boat after he got out of it
LOL get off your high horse. Id be pretty pissed off too if a random guy was spewing false information about me, the guy was telling everyone op rolled a $10k debt into his new truck when it was less than $1k.
Like the other guy said, this is very bad advice because he would literally be back in the same boat after he got out of it
LOL get off your high horse. Id be pretty pissed off too if a random guy was spewing false information about me, the guy was telling everyone op rolled a $10k debt into his new truck when it was less than $1k.
The following 4 users liked this post by wadekaminski:
12-20-2018, 06:26 PM
#28
Keep it till it’s 2-3 years old and around 45k miles. It won’t drop much in value till then from what it is now.
If you see your stack of cards collapsing I’d quit making payments and have them serve you in order to repo it. I’ve never had this type of issue but the people I’ve known that have regretted trying to keep up on their payments.
Anyway I was offered $34k on my 2015 outright by a dealer but a buddy offered $35k and is giving me the sway bar back. 44k miles and almost 4 years old (in 2 weeks). It’s in the classified here; we just did the deal this morning. Seems like they are low balling you or the truck is damaged.
If you see your stack of cards collapsing I’d quit making payments and have them serve you in order to repo it. I’ve never had this type of issue but the people I’ve known that have regretted trying to keep up on their payments.
Anyway I was offered $34k on my 2015 outright by a dealer but a buddy offered $35k and is giving me the sway bar back. 44k miles and almost 4 years old (in 2 weeks). It’s in the classified here; we just did the deal this morning. Seems like they are low balling you or the truck is damaged.
12-20-2018, 06:38 PM
#29
How does saying Im -11k at the present time, one time, even mean the -11k came from another truck?
All i said was the :deal" saddled me with -11k ..... didnt say how it got there. Thats why it would have been more useful for dude rpelying to use JUST the info I had written instead of "finding" some old post (which he must have found through my post history................ to create his own narrative .............) IMO
12-20-2018, 06:54 PM
#30
Senior Member
