Trading in seemingly new trucks?
11-10-2011, 02:47 PM
#11
Senior Member
Im sure the payments are the same, but instead of owing 48 more payments, he jumped back up to 60 (just an example). Noone can do a staright up trade, with no money down-used for new. My thinking, is you're always going to have a truck payment. Even if you pay if off, its now an older truck with high miles, and probably within a yr or 2 of paying it off, you got a new one again. So if the right deal comes along, and the payments stay in the same range, go for it.
11-10-2011, 03:00 PM
#12
BAMF Club
You lose a good amount of money, but I think most of the guys trading in right now are going for the EB or 5.0, which I can't blame them for lol
11-10-2011, 03:07 PM
#13
Junior Member
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Used Truck Values
I just purchsed an 08 XLT with 35k on it for 21k after about six months of looking. The trade in/used car market is crazy here in the north east. A nice low mileage F150 is only a few thousand less then new. They are selling trucks with 100K on them for 20 grand!
11-10-2011, 04:02 PM
#15
Senior Member
Ya' know, for me it is one of those joys in life (next to my lovely wife) to have a new vehicle every two to three years! 
And better enjoy it now, while we still can, before the far-left tries to take it all away!
And better enjoy it now, while we still can, before the far-left tries to take it all away!
11-10-2011, 04:09 PM
#16
Senior Member
If your comfortable with your truck payments and are willing to always have them you can buy a new truck every two years for the same payments sometimes less depending on your equity. It's what I've been doing since I bought my 05 XLT and is why I'm considering switching to a lease to have in theory lower payments and something new every 3 years.
11-10-2011, 04:15 PM
#17
Senior Member
I traded an '09 XLT for an '11 FX2.
Really - I took it ('09) in for minor items to be fixed under warranty because I had 32,000 miles on it and wanted to make sure it was perfect before the warranty ran out.
Turns out they had a FX2 on the lot that I *loved*. It was a spontaneous decision but I justified the extra features and new-car smell. You know what's even more odd - I went from that awkward old tranny / engine combo to the new Ecoboost and didn't even know what the Ecoboost was until AFTER I bought the new truck. All I knew at the time was it drove SOOOOO much better than the '09.
My payment ultimately did go down $50 / month that honestly had nothing to do with it. There was absolutely no "reason" to trade in that early.
Really - I took it ('09) in for minor items to be fixed under warranty because I had 32,000 miles on it and wanted to make sure it was perfect before the warranty ran out.
Turns out they had a FX2 on the lot that I *loved*. It was a spontaneous decision but I justified the extra features and new-car smell. You know what's even more odd - I went from that awkward old tranny / engine combo to the new Ecoboost and didn't even know what the Ecoboost was until AFTER I bought the new truck. All I knew at the time was it drove SOOOOO much better than the '09.
My payment ultimately did go down $50 / month that honestly had nothing to do with it. There was absolutely no "reason" to trade in that early.
Last edited by sharper4; 11-10-2011 at 04:17 PM.
11-10-2011, 04:21 PM
#18
I had no intentions of ever trading in my 09. I got luck when I bought as it was on the lot and had every option I wanted.
But now I'm toying with the idea of seriously trading in to get better towing power and enjoying the lower rates right now.
But now I'm toying with the idea of seriously trading in to get better towing power and enjoying the lower rates right now.
11-10-2011, 04:35 PM
#19
