FLSTFI Dave

You could be barking up the wrong tree. I have a 35K loan on my one month old Platinum. I could have paid cash. I would have lost money doing so. The interest on my loan, is less than the interest being paid on my Money Market account.

Also, 300K a year is 25K a month. After taxes, say 19K a month. So 10% of income goes to vehicle payment.

How many others with a 600 a month note can say only 10% of gross goes to auto loans? I bet not many, as that takes 6000 a month take home, or about a 90K income a year before taxes, which is well above the national average.

Jack-Daniel

m91196

I'm in for a money market account paying anything decent

Mike Up

The new 2016 5.0L w/3.73 differential is much quicker than the my old 2012 5.0L w/3.73. It's got 25 more horsepower, 7 lbs more torque at 400 rpm lower, and the truck is 660 lbs lighter. It's like night and day.

The new 3.5L Ecoboost (2016) is like night and day to the old 2012 - 2014 3.5L Ecoboost that I thought was a slouch. The new 3.5L Ecoboost is impressive and a completely different animal than the previous 2011 - 2014 3.5L Ecoboost. The 5.0L is also just as impressive with it's great low end torque and high end power. I'm partial to the 5.0L and love it.

That said, I think it would be stupid to trade to a new 5.0L if your 2015 3.5L Ecoboost has low mileage and is reliable. If it's just for the sake of some added options, I feel it would be a mistake. Now if you have a 3.5L Ecoboost with a 3.31 axle and it has a much lower tow rating than the 5.0L with the 3.73, then I can see it if you need that extra tow capacity. Other than that, I would wait until 2019 like I am. 2017 is the last model year before the change over of drivetrains and minor body changes, so it will take a good depreciation hit because of that.

I would skip 2018 as that will have the usual first year bugs. I'm thinking 2019 will be the year to buy.

GreenSC4x4

YES you should definitely do it. How could you turn down this amazing opportunity? You just can't. It makes total finacial sense and plus you get a brand spanking new truck out of the deal too...... There someone agreed with you and now you can feel better when you trade in. Thread closed.

kenv47

LoL!

tvsjr

Exactly. Get $100K of Ford's money for 0.9%? Yes please. I can invest that elsewhere and even being totally safe, net 5%. And maintain more liquid cash.

By the way, the point of my comment was to illustrate that, even at a fairly decent income level, having paid off cars is quite nice. In his situation, it would be huge. Didn't really intend to make this a dick-waving contest.

FLSTFI Dave

I agree. I was not trying to make it a contest. Just pointing out, some times financing is a better option if the loan is a low rate, and interest on your money is a higher rate.

I try to have only one Car/Truck note at a time. Sure saved me last year when I took a 75K a year pay cut.

Saber123316

Alright, lots of interesting points. I guess I should come out and say what happened.

Still in the same truck.

Dealer offered me about 10k less on my trade in than what they stated.
Dealer also said the price I seen on the website, the same I was quoted was for a "Non low interest loan" So I would be paying more... for a 0.9 percent financed loan. ( How the hell does that work?)

I told them were done here, I thanked them for wasting my time and blatantly lying to fish me into this dealership.

However I stand by the fact had I gotten the 0.9% loan for the term they quoted me and were honest on the trade in offer. The deal made all the sense in the world.

I would have had to pay for an additional 6 months, however the savings was $7500 on interest.

However once I walked in the door those numbers changed substantially and I walked out.

Ricktwuhk

Answered already:

You give up the full rate rebate...