Trade my problem plagued 2018 for a 2020?

[TXRaptor]

If you only have to pay $325 more, 1x for a new vehicle, why is this even a discussion?

$325 more than what he paid for his originally. However, with the low amount on the trade-in he will still be paying more because the payments and interest all reset.

 

[DrippinRaptor]

$325 more than what he paid for his originally. However, with the low amount on the trade-in he will still be paying more because the payments and interest all reset.

Interest on my 2018 is 1.65% and I'm down to 2 years to pay it off. I checked my Credit Union and the best rate is now 2.7% which amounts to about $37 more per month on interest charges.

 

[bobn]

$325 more than what he paid for his originally. However, with the low amount on the trade-in he will still be paying more because the payments and interest all reset.

I get it now.

I would buy this:

https://www.floodfordesp.com/

Or be on Ford corporate about all the problems you've had with the truck.

 

[DrippinRaptor]

Ford Corporate doesn't care and lemon law does not apply (never did in my case).

 

[jaz13]

Seems like your truck had a few more bugs than normal, which is unfortunate. But with 35k on the clock, hopefully most of the bugs have been identified and fixed. There is a good chance this truck will turn out to be a very reliable ride for its next owner if you trade it in.

Personally, I'd buy an extended warranty and see how it goes for another year or two. Especially if you feel like Ford might offer something more worth upgrading to in 2021 or 2022.

 

[bobn]

Ford Corporate doesn't care and lemon law does not apply (never did in my case).

Buy that warranty in the link I posted - it's through Ford and seems like a solid plan and much cheaper than buying through the dealer.

 

[TXRaptor]

Interest on my 2018 is 1.65% and I'm down to 2 years to pay it off. I checked my Credit Union and the best rate is now 2.7% which amounts to about $37 more per month on interest charges.

Is that for a two year loan? If not, then you are resetting your loan time frame and you will have to pay for another 4 or 5 years. (I.e. Whatever term you choose to get that payment) You pay the most interest on a loan at the start of the term, so that was my comment about paying more in the long run even with the same monthly payments.

 

[TXRaptor]

I get it now.

I would buy this:

https://www.floodfordesp.com/

Or be on Ford corporate about all the problems you've had with the truck.

If you are going to keep it, you definitely want to get the ESP before your factory warranty runs out because the price will be cheaper. Flood Ford has some of the best ESP prices in the country.

 

[jshadle]

Personally, I would but an extended Ford warranty through Zeigler and drive into the ground at 100k and then sell it for $30-35k.

https://www.zeiglerfordesp.com/

Dealers always cringe when I print out a FORD extended warranty quote from them.

 

[Kuan]

I am not sure you would see the $30k - $35k at that point. If you look at used vehicle values today, a loaded 17 raptor with 100k miles is only valued at $33k for trade. That is an optimistic number, and I bet that the black book (basically auction numbers) is more like $28k. I would imagine this value creeps down as we all move forward in time.