TruckLarry

Well, hell. I'm thinking of trading in my 2011 F150 Platinum EB Screw 4X4 for a 2013 Escape Titanium AWD 2.0 with everything.

Yes, I know about the 1.6L problem, but no worries. You can't even find one on a lot right now

Here are my reasons for considering this:

1. My truck is almost 2 years old and only has 4100 miles on it.
2. I have what should be close to $20,000 in equity.
3. My equity is just bleeding away sitting in the driveway.
4. I bought it because I wanted it, not because I needed it.
5. Lifetime MPG average of 10.9 MPG because all my trips are very short.
6. The Escape is much more useable for me, especially with multiple big dogs.

I can lease the Escape, have about the same payment, and have a good $15,000 to pay off all my credit cards.

Whatta ya guys think ?

bubbafinch07

Well right not you have one of the most fuel efficient, 1/2 ton pick-ups. But if it isn't doing it for you I say go for it.

TimelessR1

i believe you should really think this through a little more. By trading in your platinum, you are going to loose money on the trade...no matter what....lets say you loose $2-3k for that loss you better off keeping it in the driveway, an take it as alearning experince for the next time yuo make a larger purchase to jsut think things through...

GTXKen

Do it, there is no point in having a truck if you don't have a need for it.

mtnative

Where are you located and what would you take for it?

TruckLarry

I won't let the dealer give me less than $37-38k. That's in line with all the price guides for trade in values.

Private sale is tricky due to financing involved.

TruckLarry

Yes, my most fuel-efficient pickup is sitting at a lifetime average of 10.9 MPG.

MPG is only a small portion of this decision though. Overall financial position is the main point for me.

LueyC

I would think the truck would be better for the dogs than an Escape. How many dogs, and how big?

Depending on your passenger configuration, either get a cover for the rear seat, or fold it up. Or Bedrug and cap the bed .

HunterSmitty

Sounds reasonable if you have that much equity in your vehicle, and have debt with interest accumulating somewhere else.

EDIT - I'm also assuming your Credit Card debt will be much higher than the rate you'll be paying on your new vehicle.

CorvetteDreamin

I'm going to go with "no" on the 37-38k.

My guess is they'll offer you $25k. On a good day.

Price guides mean nothing at trade-in. Auction prices mean everything. If you look at a price guide, look at the FAIR market price of a base model. That's close to what the dealer will offer.

I like the new Escape. I had an '02 and loved it. The new one is even better. But I love my F150's even more. The Escape wasn't that good on gas (3.0) so I went back to a full size truck and said screw the gas concerns.