goodbye for now
Well, in the grand scheme of things....yes, he probably did lose a good bit on the trade. BUT, it's not the total he lost but the total he gains monthly that counts for him.
Sure, no one's saying that ya'll aren't right about him actually losing more money that way. Sometimes you have to sacrifice your total monetary loss(that won't hurt him as bad since it's stretched across the life of the loan) to get a total monthly monetary gain to better everyday life with the family. Sometimes it's better to have several hundred dollars more a month to live more comfortably.
Kudos to you brother. You have your priorities in order. I hope you can get another truck in the future!
Sure, no one's saying that ya'll aren't right about him actually losing more money that way. Sometimes you have to sacrifice your total monetary loss(that won't hurt him as bad since it's stretched across the life of the loan) to get a total monthly monetary gain to better everyday life with the family. Sometimes it's better to have several hundred dollars more a month to live more comfortably.
Kudos to you brother. You have your priorities in order. I hope you can get another truck in the future!
Last edited by flashbang756; Jul 1, 2006 at 09:08 AM.
Originally Posted by RED WING NUT
Please explain this comment. See what you mean about what? Another what? 

Originally Posted by rocky85
The people who hastily trade in their trucks over gas prices get defensive. Not the other way around.
The people who hastily trade in their trucks over gas prices get defensive. Not the other way around.
Originally Posted by Kool Aid
See........ another one, just like he pointed out.
So what kind of smart azz comment can you come up with about someone who got rid of their truck and bought a car just because they wanted to. I'm sure you'll try to twist this around somehow.
Don't let him get you down. Jsut remember the big picture. HE'S not paying your bills, YOU are. You have to do what right for you to survive. I'll tell you what I would care if I had to drive further to get to work and had to burn a lot of gas to get there. Let's face it gas prices are alot of the reason people can't afford some of the cars they drive now. So if I had to shell out more money, and I traded in my truck for a lower payment plus had a better MPG car, after the term of the loan depending on how much my trade was worth over the life of the loan I would come out ahead.
By the way great choice.
James
By the way great choice.
James
Originally Posted by JForestZ34
By the way great choice.
James
James
One sure way to stay in a financial hole in life is to consume yourself with thoughts about payments and monthly out of pocket costs instead of looking at total cost of ownership and long term value.
Yes, you save $750 a year in fuel costs with a 4 banger car driving 12,000 miles. More with more mileage, of course. But if you trade in a truck (vs selling it yourself privately) you take about a $3,000 value hit doing so. Dealers have to make a profit on your vehicle. That's 4 years to break even. Sell it yourself and the transaction makes more sense.
Then you have to factor in resale value. A 2 y/o F150 will probably drop in value slower than a new (or even used) Fusion will. You also pay sales tax again buying a new vehicle.
What you save in fuel you lose in other costs. You do save some repair/maint costs with a new car, but overall I bet the savings are going to be modest at best.
Some vehicles depreciate slowly even from new. The Fusion ain't gonna be one of them. It's just not a high demand vehicle.
The best way to save would be to sell the truck yourself, buy a fuel efficient car that is 2-3 years old and has already taken a depreciation hit, and buy a brand that holds its value well into the higher mileage range. Some brands are considered "untouchables" at higher mileage.
Yes, you save $750 a year in fuel costs with a 4 banger car driving 12,000 miles. More with more mileage, of course. But if you trade in a truck (vs selling it yourself privately) you take about a $3,000 value hit doing so. Dealers have to make a profit on your vehicle. That's 4 years to break even. Sell it yourself and the transaction makes more sense.
Then you have to factor in resale value. A 2 y/o F150 will probably drop in value slower than a new (or even used) Fusion will. You also pay sales tax again buying a new vehicle.
What you save in fuel you lose in other costs. You do save some repair/maint costs with a new car, but overall I bet the savings are going to be modest at best.
Some vehicles depreciate slowly even from new. The Fusion ain't gonna be one of them. It's just not a high demand vehicle.
The best way to save would be to sell the truck yourself, buy a fuel efficient car that is 2-3 years old and has already taken a depreciation hit, and buy a brand that holds its value well into the higher mileage range. Some brands are considered "untouchables" at higher mileage.
bummer, but at the very least, you invested in an excellent car. you will be happy with the fusion, good move to stick with Ford.
I'm sure you will have a ford pickup again someday.Goodluck.



