So I received the magic ford email

[Superdannyboy]

I've been driving the f150 lately and it's great, 2017 with the last year of the gen 2 coyote with auto 6 speed it's a perfect drivetrain but man TURNING RADIUS. My ranger is long travel and is tuned I forgot what a stock ranger feels like but the f150 is so comfy and roomy it's just every time I need to do a u-turn or sharp turn I miss the ranger.

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[rydfree]

They come with one from the factory.

 

[got3fords]

2500 off a new vehicle. Caravana offering me 36. I owe 27. Only 8 months old. Would clear 9. Plus they’re offering 0% on F-150s. Thoughts? Help?!

How would you clear 9? What did you originally pay for the Ranger? You know, out the door.

 

[Motorpsychology]

Pretty high but would be able to use the money to move up in car for less than what I’m paying now.

What goes up must come down.
If you really think that you would keep the F150 for several years, you probably will absorb its coming depreciation. You've only had the Ranger for 8 months, in a unique market situation. If I understand correctly the F150 is no bargain; the deal is all on Carvana's side (good people to deal with BTW, sold my '18 Escape to them to get my Ranger).
Assuming the market returns to normal conditions, what if in the next couple years you really want to get out of the Fwanfiddy, especially if you want a high demand vehicle: Bronco,
S650 Mustang, etc? the F150 likely would be undervalued vs the hot one. ergo: high purchase cost now + high depreciation later = more out of pocket.

But You do You. Left brain says make a rational decision based on today, but with an eye on the future. Right brain says Do it! You only live once. Whichever decision you can live with happily is a no-brainer.

My Ranger is the 26th vehicle I've owned since 1967; 13 of which were brand new. And not including a couple-three dozen demos while I was selling cars. Very few were purchased rationally until I retired.

 

[YaBoiNewton]

You’re clearing $9k over what you owe, but not what you‘ve got into the truck total - whatever that is. You’re almost certain to end up in a bigger hole financially if you go with a F150. If you like the Ranger, keep it.

This is a big one many people ignore. The only way to come out ahead here is to sell the ranger at the Carvana price and roll that cash into something cheaper. Otherwise, pay off your current truck or chase that middle class dream and spend your days knee deep in car debt.

 

[Motorpsychology]

This is a big one many people ignore. The only way to come out ahead here is to sell the ranger at the Carvana price and roll that cash into something cheaper. Otherwise, pay off your current truck or chase that middle class dream and spend your days knee deep in car debt.

I leased the majority of my new vehicles, which I think is the least expensive way to drive new vehicles; always under full warranty, never buy tires, batteries, brakes, etc. It comes out pretty close to buying a late model, and keeping it for 10-12 years. IF once the payments are done you put the majority of that money aside for the next 5-7 years for a down payment. The $12,-13,000 vehicle you bought in 2010 is now $25-$30,000. Subtract one or two sets of tires, batteries, and any repairs out of pocket from those payment savings. The effect on the budget for an unplanned expensive repair is something I consider; inconvenience, possible loss of earnings.
My 2021 Ranger is to be my 20 year truck. Not braggin' or complainin' but I paid cash for it and put a 10yr 150,000mi warranty on it, and I'll probably extend that, if I can still drive it. I'll be 92.

 

[fusseli]

I wouldn't do it. The F150 Raptor or Tremor optioned how I want is ~$70k, anything else is a downgrade from my FP upgraded Lariat FX4 Ranger.

 

[Jason B]

This is the offer I received with a personalized code.
And in my opinion, to break out even, I would need the $30,200 for the truck plus the $4000 or so for TTL and other fees and the $1200 in accessories I added. To come out ahead I would need more than the $35,400 total paid. But then what? Buy another similar one starting at $34K?

 

[BBTremor]

Before you sell your ranger make sure they actually have units in stock because my guess is they don’t and want you to place an order

 

[Jason B]

Before you sell your ranger make sure they actually have units in stock because my guess is they don’t want you to place an order

They don't. The local Ford usually has 50 or more F150's to choose from. Now they about 5. And no dealer around has Rangers

 

[865RangerVol]

What goes up must come down.
If you really think that you would keep the F150 for several years, you probably will absorb its coming depreciation. You've only had the Ranger for 8 months, in a unique market situation. If I understand correctly the F150 is no bargain; the deal is all on Carvana's side (good people to deal with BTW, sold my '18 Escape to them to get my Ranger).
Assuming the market returns to normal conditions, what if in the next couple years you really want to get out of the Fwanfiddy, especially if you want a high demand vehicle: Bronco,
S650 Mustang, etc? the F150 likely would be undervalued vs the hot one. ergo: high purchase cost now + high depreciation later = more out of pocket.

But You do You. Left brain says make a rational decision based on today, but with an eye on the future. Right brain says Do it! You only live once. Whichever decision you can live with happily is a no-brainer.

My Ranger is the 26th vehicle I've owned since 1967; 13 of which were brand new. And not including a couple-three dozen demos while I was selling cars. Very few were purchased rationally until I retired.

Very good insight. What I was hoping for. I’m a government official. I drive a state of TN explorer every day 9-5. Wife is a teacher, we have the same holidays, I basically have a truck for projects and pleasure. Would suck but absolutely can go truckless for a few months. Will require planning but absolutely doable.

 

[865RangerVol]

spoke with 3 local dealers and finally got an offer I liked. Custom f-150s are taking 10 weeks. Im a government worker that drives a state vehicle 6 days a week, so that’s not a problem.

they’re paying me cash for my current ranger, honoring all incentives, adding 1500 bonus cash, letting me custom build, and use my coupon. 5000 off in total, 0%. 41K custom guild, 36K for 60 months at 0%.

Selling to them Will allow me to pay down 100% of my consumer debt and boost our savings by several grand. I’ll be saving hundreds of dollars a month after this trade. Only will have the house and cars.

Play the game boys and girls, it. Can he worth your while.

 

[RetiredNotFired]

I looked at the picture of the ranger I still have on order that is hanging on the wall. Someday I'll be able to look at in the garage ?!

 

[Joeiconic]

Unless I’m misunderstanding, you traded $27k in car debt for $36k. Where’s the savings?

 

[865RangerVol]

Unless I’m misunderstanding, you traded $27k in car debt for $36k. Where’s the savings?

You and I may agree to disagree on the 0% being negative debt.

I didn't trade, I sold, obtained the positive equity, paid off the rest of our family consumer debt, and reduced our total debt by 27K (car)+additional 14K (consumer). The 36 they're selling will be before the additional 12-15K I deposit (that I save from paying off our consumer debt) before I take delivery in april. So yes Ill go from 27K in car +12-14K consumer to 18-20 Total. Saving me about 600/mo.

Equivalent to cashing out positive equity in your home.

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