Gas prices are certainly hurting you, but you're also getting "the whammy" on the other side of the equation. Because gas prices are so steep right now, Ford is having to heavily discount new trucks just to move them, so you're getting squeezed on both sides of the transaction.......

Once I got out of college, I've purchased all of my vehicles new and then driven them into the ground, so I've never worried about trade-in values too much. In fact, when I dumped the wife's old '97 Pontiac Sunfire a few years back and got $800.00 for it, I was thinking that it was the most money I've ever gotten for a vehicle I've sold.......

 

Yeah, the double whammy of high gas prices and Ford's aggressive incentives is hurting. I had a buddy half jokingly offer to buy my truck, but only if I gave 0% financing like Ford would.

 

You should have held out for one of those "push, pull or drag" events that some dealers have when they're getting desperate to move vehicles. I'll bet you could have gotten a cool $850 for it!

 

You tell him it'll cost double because you've gone through the extra work to break it in for him!

 

im sure gas and the fact that the 09's are coming out doesnt help things. but if you can afford a $600 dollar payment and extra 20 every time you fill up aint gonna kill ya, thats how i see it.

 

Good point. If you buy an F-150 that gets an average of 16 MPG versus a sedan that gets you 27 MPG, you're looking at only $4200 in savings over 6 years.

If you get that off the price of your F-150, you're set.

 

I hear on this one. I played this game a few months ago and decided to keep it because I couldn't get rid of it. lol

Fuel prices MOST CERTAINLY effect decisions on buying a truck. If you didn't have a truck and you were going to go buy a vehicle would you say "Hey this is a great time to get a gas hog truck that gets 15mpg when gas is almost $4.00 gallon!" Hell no. If I had to do it all over again I wouldn't buy a truck and probably won't ever get one again where fuel's going. However, I still love my truck.

 

I loved my last truck so much that I bought another six months ago. If my company did not pay for my gas...I might be driving a chick car...

 

I was thinking of trading my truck in for a car for better gas mileage once I got the news my brakes are pretty much gone. Changed my mind as I probable would have a higher payment and have few more years before I would be free and clear.

 

I just bought a new 08. I almost fainted when the salesman called to arrange delivery and said "I just filled her up for you."

 

I think that the reality is that one cannot justify going to a new car that gets better gas mileage from these trucks right now. When we bought (or I bought) the price of a gallon of gas was about 2.58-2.65. Now I am paying around 3.15, so the difference is just not worth it. The new payments are killer, and there are fewer incentives/rebates with more efficient cars now. The trade-in value of these trucks were much better about 5-10 years ago, but now you are lucky to get into something new without being upside down. Like it was stated earlier, a vehicle is the worst kind of investment.

As for your asking price, I would aim for about 18K-19K and see if you get some bites.

 

For Feb. and now March incentives on a new f-150 are excellent. 0% financing/ $3,000 cash back. I started looking for a used truck and changed my mind when I heard about the incentives.

 

I thought about selling my truck a couple of weeks ago, but then I looked down and sure enough...there were my *****...so I kept the truck.

 

Yeah, people are weird like that. They think they're saving money by paying too much for a new vehicle and getting too little for their truck trade-in. On average you'd have to own the high MPG car for over 6 years just to make up the difference in lost vehicle value, taxes, and tags.

You're better off keeping the truck until it dies, then sell it and use that for a down on a new green ecobox.

 

Seriously though, to sell my truck and get into something that I would be "satisfied" with I would have to come out of pocket $3-4k...and I don't owe a cent on my truck. So...there's no freakin way I'm selling, I'll just drop $3-4k on a little commuter and drive it into the ground. Saves gas, and saves my truck...it's a win-win.