It will depend slightly on what your intent is after the “transaction” is completed.
I think there may be tax implications for option 1 ( correct ? ) check on that.
option 1 gets you free of any loan(s) on the vehicle, ideally with some cash left over to go forth and replace with what you want. Typically, the manufacturer wants you to go with option 2. it’s simpler for them, and keeps you in the customer family so to speak.
Both are going to sound nicer at first than when your final numbers are in. Both will be slightly worse than you could conceivably do in a successful lawsuit, however a suit would include every, single, solitary expense you incur including time. It also takes a LOT longer to conclude and there’s always a chance at trial that you lose. You’d almost certainly get a settlement offer along the way but put that aside for now.
Is it your thought that you might
replace old Raptor with new one?
replace old Raptor with a different Ford car or truck?
I note option 2 specifically says your outlay is only the difference between the 2 respective MSRP. If you go for another Rap, that simply give you a newer vehicle for the same, existing outlay, you only come up with the difference. If I went this way I’d push them to cover it with an ESP or significantly discount an ESP.
If you’re not interested in another Ford, option 1 is the ticket. Note the “minus usage” clause. It will depend on when they consider the usage issue to be invoked. In a lawsuit, it’s typically from the first report of the problem, presumably Ford will also do this, so if you began reporting the issue at 10,000 miles, that’s the usage you’re on the hook for.
You should crunch some numbers for option 1 to see how you will make out. If for example you’re upside down or financed nearly all of the truck, option 2 might make a better deal in some few circumstances.
good luck
