Horsedoc
Dixie --- N. Georgia
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Joined: 09/30/2002
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Dude, are your really serious? Surely not. With today's economy that is ridiculous even thinking about such a thing.
The Fed just this morning is saying we are at the beginning of a recession. Maybe not to some, but it sure feels like to us old guys.
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SpeakEasy
Western New York
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Joined: 04/22/2016
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p220sigman wrote:You are likely going the wrong direction if your goal is to be less tight on money. If anything, sell the '18 and look for something older you could pay cash for with the proceeds from the '18.
This is wisdom. If you (OP) are truly looking for advice, you can't get any better advice than this.
-Speak
It's just Mrs. SpeakEasy and me now (empty-nesters). But we can choose from among 7 grandchildren to drag along with us!
2014 F-150 Super Crew Short Bed 3.5L Ecoboost
2014 Flagstaff Micro Lite 23LB
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mkirsch
Rochester, NY
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Joined: 04/09/2004
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What part of "money is tight" do you "Pay off the $7K" types not understand?
It's pretty much assured the OP does NOT have $7K laying around to pay off the truck, otherwise money would not be tight.
Putting 10-ply tires on half ton trucks since aught-four.
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time2roll
Southern California
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Joined: 03/21/2005
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mkirsch wrote:What part of "money is tight" do you "Pay off the $7K" types not understand?
It's pretty much assured the OP does NOT have $7K laying around to pay off the truck, otherwise money would not be tight. The term then is to simply drive your way though it. Or in other words just keep making payments. Money will continue to be tight for the duration of the loan vs a few months of relief followed by a full 6 to 8 years of even tighter money.
Best to focus on increasing income instead of finding ways to spend money.
2001 F150 SuperCrew
2006 Keystone Springdale 249FWBHLS
675w Solar pictures back up
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valhalla360
No paticular place.
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Joined: 08/19/2009
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SpeakEasy wrote:p220sigman wrote:You are likely going the wrong direction if your goal is to be less tight on money. If anything, sell the '18 and look for something older you could pay cash for with the proceeds from the '18.
This is wisdom. If you (OP) are truly looking for advice, you can't get any better advice than this.
-Speak
This ^^^^^
Currently have a 2008 F250 and heading out to Montana staging for an Alaska trip next year. Paid $10k for the truck 4yrs ago.
If the OP get's $20k for his 2018, he could pay off $7k, buy a $10k truck and put $3k in the bank with no more payments.
Then if you want a newer truck, stockpile payments for 2-3yrs and pay cash, so money isn't "tight".
Tammy & Mike
Ford F250 V10
2021 Gray Wolf
Gemini Catamaran 34'
Full Time spliting time between boat and RV
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Krusty
Calgary, Alberta,Canada
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Joined: 04/26/2003
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mkirsch wrote:What part of "money is tight" do you "Pay off the $7K" types not understand?
It's pretty much assured the OP does NOT have $7K laying around to pay off the truck, otherwise money would not be tight.
I must have missed the part where he was waiting around to have it repossessed. I don't think anybody was telling him to pay it off today. Continue making the payments until it is paid off.
Krusty
92 F-250 4x4 460 5spd 4.10LS Prodigy
97 Rustler RT190
EU2000i
Garmin
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ferndaleflyer
everywhere
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Joined: 03/31/2011
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Around here that truck would bring in the mid $30k area. Son in law took his 2018 into dealer for service and was offered $36,000. I would never consider what OP suggested
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spoon059
Just north of D.C.
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Joined: 10/03/2010
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Hard pass...
2015 Ram CTD
2015 Jayco 29QBS
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PButler96
Midwest
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Joined: 06/13/2022
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Sometime over the last week, on both Fords and GM's Chevy or GMC build your truck feature, final overall pricing has went up @ $2800.00 +/-across the board when you configure one. Thats a fairly stiff increase overnight and probably reflects the fact that anything you order now is going to be a 2023 despite those websites still reflecting 2022 models.
I have a burn barrel in my yard.
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ferndaleflyer
everywhere
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Joined: 03/31/2011
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Current administration keeps on they will be twice as much and electric.
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