View Poll Results: How to F150?
Keep 17 GT; get early 2000s F-series in okay shape
17
35.42%
Trade for XLT Finance
23
47.92%
Trade for Lariat Lease + Cashback
8
16.67%
Voters: 48. You may not vote on this poll
Trading a 17 GT on an 18 F150
12-13-2017, 04:46 PM
#41
I voted for trade in and finance XLT, but get lariat or platinum instead. Find a leftover lariat or platinum 2017 with 5.0 or 3.5. My local dealer is selling 2017 5.0 platinum for $49k, with positive equity you would be sitting pretty considering the truck on trade in would be a minimum of $44k if you had to dump it for financial reasons the next day. 0% financing would be the end game for me. I like to trade often and leasing would never work for me so I cannot recommend that.
12-13-2017, 04:49 PM
#42
Well, its MSRP of 64,000. I was subtracting 10k off sticker, you are paying the same price for the truck whether its lease or finance, and whether its shown to you that way or not.
64,000 - 10% dealer discount - $3500 rebates = $54k sale price
maybe not this second because the 18s are new, but thats about average for a good deal most of the year.
64,000 - 10% dealer discount - $3500 rebates = $54k sale price
maybe not this second because the 18s are new, but thats about average for a good deal most of the year.
12-13-2017, 04:51 PM
#43
Senior Member: Will
I am in about the same boat as you, 25 years old, but I do have my house already. Only reason I have not gone for a leftover model is because I enjoy the F150 I have currently which has all the creature comforts heated/cooled seats, nav, power folding mirrors and so on. Trucks are for sure the way to go and I understand not wanting to go XLT so you can keep these features. Good luck with your decision.
The following users liked this post:
joemomma22 (12-13-2017)
12-13-2017, 04:53 PM
#44
Well, its MSRP of 64,000. I was subtracting 10k off sticker, you are paying the same price for the truck whether its lease or finance, and whether its shown to you that way or not.
64,000 - 10% dealer discount - $3500 rebates = $54k sale price
maybe not this second because the 18s are new, but thats about average for a good deal most of the year.
64,000 - 10% dealer discount - $3500 rebates = $54k sale price
maybe not this second because the 18s are new, but thats about average for a good deal most of the year.
12-13-2017, 04:55 PM
#45
alright, so you want to spend 600 a month, thats about ~39k OTD financed. You may have already known that lol. You could get in a used lariat for that, now finding one loaded with a 6.5ft bed that you like for the price could be hairy.
What about the positive equity on the mustang? you wanting to pocket that, put it down, both?
btw, ALL of my numbers are 72 months @ 2.35% for reference.
What about the positive equity on the mustang? you wanting to pocket that, put it down, both?
btw, ALL of my numbers are 72 months @ 2.35% for reference.
12-13-2017, 05:00 PM
#46
alright, so you want to spend 600 a month, thats about ~39k OTD financed. You may have already known that lol. You could get in a used lariat for that, now finding one loaded with a 6.5ft bed that you like for the price could be hairy.
What about the positive equity on the mustang? you wanting to pocket that, put it down, both?
btw, ALL of my numbers are 72 months @ 2.35% for reference.
What about the positive equity on the mustang? you wanting to pocket that, put it down, both?
btw, ALL of my numbers are 72 months @ 2.35% for reference.
12-13-2017, 05:08 PM
#47
No fart cans allowed
I understand this. Ringing hollow is a good way to put it :P
Look i know i'm young but i'm doing alright. no college debt and kicking *** so far bustin my *** every day. I plan on making a six figure income within the next 3 years relatively easily, not that that matters too much to y'all. I've always been decent at handling my money. Not for nothing but i have my 10k emergency fund. my own place is next on the list, i already have a car and a monthly payment so increasing that monthly payment is hardly going to hinder me. That said i do value the opinion and definitely respect the mindset.
I dont know what kind of lease deals you guys expect to see its a crazy expensive truck (relative to other things). He shows me all the numbers while hes building it into the program. I have access to ford locator including the invoice numbers with old back and everything.
I've never sold a car with a note on it. A little hesitant about doin that tbh. Not sure if i'd be able to find a buyer either. Then again they say there's an *** for every seat right.
I dont know what kind of lease deals you guys expect to see its a crazy expensive truck (relative to other things). He shows me all the numbers while hes building it into the program. I have access to ford locator including the invoice numbers with old back and everything.
Getting a slightly used lariat is also an option here. Really not looking at the XLT at all at this point.
Could go for a 17 3.5 10 speed though i'd prefer the v8. why january? just because there will be more incentive as the 18s roll out? i do understand what you're saying here. im fine with my payments being anything up to 600/mo. but i just dont want to go XLT.
I think it makes a lot of sense in this application. i take money home with me. i get into a way more expensive truck, and i get a new one in 3 years.. whats not to like? at the end of the day why would it matter if i own the vehicle or not at the end of it? I dont see myself keeping a vehicle for that long anyway. isnt it better to take a loss of a $3000 downpayment on a new lease than being totally upside down on a purchase at the end of it or if i try to get out of it early?
Look i know i'm young but i'm doing alright. no college debt and kicking *** so far bustin my *** every day. I plan on making a six figure income within the next 3 years relatively easily, not that that matters too much to y'all. I've always been decent at handling my money. Not for nothing but i have my 10k emergency fund. my own place is next on the list, i already have a car and a monthly payment so increasing that monthly payment is hardly going to hinder me. That said i do value the opinion and definitely respect the mindset.
I dont know what kind of lease deals you guys expect to see its a crazy expensive truck (relative to other things). He shows me all the numbers while hes building it into the program. I have access to ford locator including the invoice numbers with old back and everything.
I've never sold a car with a note on it. A little hesitant about doin that tbh. Not sure if i'd be able to find a buyer either. Then again they say there's an *** for every seat right.
I dont know what kind of lease deals you guys expect to see its a crazy expensive truck (relative to other things). He shows me all the numbers while hes building it into the program. I have access to ford locator including the invoice numbers with old back and everything.
Getting a slightly used lariat is also an option here. Really not looking at the XLT at all at this point.
Could go for a 17 3.5 10 speed though i'd prefer the v8. why january? just because there will be more incentive as the 18s roll out? i do understand what you're saying here. im fine with my payments being anything up to 600/mo. but i just dont want to go XLT.
I think it makes a lot of sense in this application. i take money home with me. i get into a way more expensive truck, and i get a new one in 3 years.. whats not to like? at the end of the day why would it matter if i own the vehicle or not at the end of it? I dont see myself keeping a vehicle for that long anyway. isnt it better to take a loss of a $3000 downpayment on a new lease than being totally upside down on a purchase at the end of it or if i try to get out of it early?
I was told I could retire at 48 because I made sound financial decisions and lived well below my means. I made the decision I was ready to retire this year at 57. I now have a lot of years to enjoy the fruits of those good financial decisions. It sounds like you have pretty much made your mind up what you want to do, so good luck. You are getting really good advice from people who have lived through where you are. Instant gratification simply isn't worth it. You are very young and obviously impatient; three years will come and go before you know it.
The following 2 users liked this post by BadAV:
igxqrrl (12-13-2017),
joemomma22 (12-13-2017)
12-13-2017, 05:10 PM
#48
well, you are close. With 10k down, and 2% you are looking at around ~50k for 600 a month. A few thousand off on buying a loaded lariat though.
May I suggest a 501a truck without a sunroof? lol
May I suggest a 501a truck without a sunroof? lol
12-13-2017, 05:20 PM
#49
I'm going to play devils advocate on this whole adult thing, as someone who falls in between the age groups. A large part of the reason I am successful is because I want to buy nice things. I do have a retirement account that I contribute a healthy amount to, I have a savings account, I'm not dismissing those things, but loosen up the purse strings a little folks.
There is a balance. Also, people are quick to scoff at a high car payment. But you don't know what else he spends his money on. Maybe he doesn't waste 50 dollars at the gas station buying gum and other bs. Or 75 dollars a month at starbucks on lattes. Or whatever the case may be. A lot of people don't want a higher car payment because they dont want to cut their other spending habits.
spread your wings... within reason.
Also, depending on where you live, housing is ridiculous. So there's really no shame in rushing into that whole ordeal. You buy a bad house, the money lost on a few car trades is a JOKE.
There is a balance. Also, people are quick to scoff at a high car payment. But you don't know what else he spends his money on. Maybe he doesn't waste 50 dollars at the gas station buying gum and other bs. Or 75 dollars a month at starbucks on lattes. Or whatever the case may be. A lot of people don't want a higher car payment because they dont want to cut their other spending habits.
spread your wings... within reason.
Also, depending on where you live, housing is ridiculous. So there's really no shame in rushing into that whole ordeal. You buy a bad house, the money lost on a few car trades is a JOKE.
12-13-2017, 05:25 PM
#50
last thing I will say, anyone who has owned mustangs (especially new ones) knows that the values drop like a ROCK. LIKE A ROCK. You can BARELY sell a 1 year old mustang with a blower and wheels for what you paid for it. And if its stock, and being traded in, values are brutal. Go on svtp or any of the others, look at all of them for sale.
I would advise getting out of that mustang before the 2020 models come out for sure, maybe even the 19s. You still got some time, but I do not recommend riding that ship down.
I would advise getting out of that mustang before the 2020 models come out for sure, maybe even the 19s. You still got some time, but I do not recommend riding that ship down.
