well now your give more information about why you need the Yukon, if you still need a vehicle for towing then obviously the minivan is out. And your size plays a role and can understand a larger vehicle for more cabin room. Anytime your trade a truck in your gonna take a bath, your starting out 7k in the hole, plus the added cost of the more expensive vehicle, all new tag/title/taxes, how much in the end are you gonna be out of pocket just to trade your F150 in..Ultimately its your wallet. Just like you hate minivans, I hate Ford/GM large SUV's too many family and friends have them and there always complaining about the issues and the cost of ownership and repairs. Good luck with your decision, just by the sound of it by the time you get into this truck your gonna end up paying the same as buying a new one.

 

That is the other option. Depending on rebates and financing it may be work looking new. The Yukon is listed on their site at $40,900 with 20,561miles before the dealer salesman took it on vacation to the beach with him. So I am estimating another 5-600 miles added to the website listing. Done some Research and $40,900 would be retail value for Great Condition, everyone knows as soon as its driven off the lot it is no longer in GREAT condition. Good condition will be the best. According to KBB.com, the Yukon in good condition with the same specs is around $37-38K. I'm hopeing my uncle and help me talk them down more. I have to stay under $500 a month for the payments, that is what my wife and I can afford. The truck right now is $485.00.

 

If your willing to lose $7k on a deal and in the next breath say you cant afford a cap sounds like your priorities are a little skewed.
Your looking at diveing head first into a truck you haven't even seen yet let alone driven. Large suv's from all manufactures are abundant so take a deep breath and if you feel you need a suv then shop around, drive a few and you just might find one that you like better so 6months down the road your not looking to lose another$7on another trade.

 

Mud, I think your gonna end up more in the hole than its worth. If it were me I would trade your truck in on a new vehicle and find one in the price range you need to keep payment at $500 month. This way you get new warranty and fills your needs. It might not be the high end model but at least you get the SUV for your needs, and you get to drive new. Trading in a sweet looking FX4 for a Yukon, that would kill me personally. Think this one through, step back and let your calculator do the talkin!! In the end, practicality is the smartest move!

 

Despite the request for pro's and con's it sounds to me like you've already make the decision. It's easy to try and be pragmatic in the purchase of any vehicle. But, ultimately the choice becomes subjective. Resign yourself to the fact you'll be taking a financial hit and get what makes your family happy.

 

Keep in mind that GM Fullsize SUV's CAN tow, that doesn't mean they do it well. They also have a small cabin. We had an Escalade with 450 HP that really struggled with our 21ft Malibu boat. I cant imagine how the 5.3L would be. Keep that in mind. Also, since you're 6'6" you're going to have a hard time getting someone behind your seat comfortably. Like I said, GM suv's are fairly cramped in the cabin and having a figure like you means your seat will be pretty far back, getting rid of any room behind your seat.

Secondly, judging by your pros list, you want out of the truck and into something new anyway.

My advice is to just take the plunge (or save up) for a cap and see how it works and if it doesn't work for you, look into trading into an SUV. But I can tell you that my cons list would far outweigh the pros. The F-150 is a much better vehicle.

 

Thanks for the opinions so far y'all. Someone explain to me. How would I be taking a $7k loss.

 

Let the kids ride in the bed so you can keep luggage in the cab when it rains. They'll have a blast and you get to keep your stuff dry.

J/K, the Yukon would likely be a more practical family vehicle which is pretty much the only pro you need.

The con...$$$. If you can work around that the answer is pretty clear.

What does your wife drive? Make her get the SUV.

 

Could you be more specific about what is no longer practical?

 

Wife drives a 2006 ford fusion with 53000 miles on it. It's paid for and she loves that car.