SantiMane92
New Member
- Thread starter
- #1
whatsup everyone,
This is my first time posting but I have been creeping on here for several months. Im looking for some advice that I should have asked for previously. Long story short I bought an XLT sports package 2wd on february 15th. I got a good deal on it and though the MSRP was about 33,500 I got it out the door for 28,500. I did put 8k down. However, I really got screwed with the financing, somehow the guy talked me into a 75 month loan at 4.99 percent. I already started looking into refinancing and looks like I can get 3.00 and go for 60 months with larger payments I know I can afford. My credit score was 760 when I bought this truck.
However....
This was my first truck, and after having it for about a month I love it, but now after getting a taste of the truck life I want a truck with more off road capabilities. Since this whole CoVid disaster is taking place I saw there are great offers right now on a Ford ad, so i started looking online again. I found an XLT FX4 with towing, and running boards which I wanted to add to my truck, locally for an incredible $10,400 off MSRP at 29371 (https://www.jarrettgordonfordwinter...d-Ranger-7df9d8070a0e0ae847bd028f5f446015.htm).
It looks like I can get $25,500 for trading my current trade truck in which means I would lose $3k. However, right now ford has the 84 months no interest which means I would save about $3k in interest during the life of loan at the current interest rate.
Sorry for the long post, but What Do you guys think? should I pull the trigger on the truck I think I will be happier with in the long run? thanks for your advice
This is my first time posting but I have been creeping on here for several months. Im looking for some advice that I should have asked for previously. Long story short I bought an XLT sports package 2wd on february 15th. I got a good deal on it and though the MSRP was about 33,500 I got it out the door for 28,500. I did put 8k down. However, I really got screwed with the financing, somehow the guy talked me into a 75 month loan at 4.99 percent. I already started looking into refinancing and looks like I can get 3.00 and go for 60 months with larger payments I know I can afford. My credit score was 760 when I bought this truck.
However....
This was my first truck, and after having it for about a month I love it, but now after getting a taste of the truck life I want a truck with more off road capabilities. Since this whole CoVid disaster is taking place I saw there are great offers right now on a Ford ad, so i started looking online again. I found an XLT FX4 with towing, and running boards which I wanted to add to my truck, locally for an incredible $10,400 off MSRP at 29371 (https://www.jarrettgordonfordwinter...d-Ranger-7df9d8070a0e0ae847bd028f5f446015.htm).
It looks like I can get $25,500 for trading my current trade truck in which means I would lose $3k. However, right now ford has the 84 months no interest which means I would save about $3k in interest during the life of loan at the current interest rate.
Sorry for the long post, but What Do you guys think? should I pull the trigger on the truck I think I will be happier with in the long run? thanks for your advice
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