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How high does gas have to be for you to trade your truck??

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Old Mar 16, 2008 | 10:23 AM
  #1  
JWell's Avatar
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From: Memphis, TN
How high does gas have to be for you to trade your truck??

$4.00.......$5.00 a gallon???? When I bought my truck gas was
$2.00/gal.....everything was fine I enjoyed the truck end of story.
Fast forward to today roughly 2.5 yrs later gas/food/everything has
gone up. $3.22/gal so now I'm paying $80 to fill my tank each week.
I drive the truck about 300 miles per week. I could drive my Mustang but
its supercharged as gets about the same mileage as the truck. So I think
I am going to trade down for less truck i.e. regular cab 2wd 4.6 or something
of that nature. Maybe a used supercab 4.6. Something with a much lower
payment....that will help offset the gas. Thing that sucks is that I am almost
halfway through paying for this truck and I really like it and don't want to trade. btw truck is a supercrew 4x4 lariat
 
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Old Mar 16, 2008 | 10:29 AM
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I hear ya jwell. The problem is you will almost always take a loss when selling and buying a vehicle. So you have to take that into consideration. I am so upside down that I can't do a thing. If I sold my truck I would still owe $10k! I will be driving this truck for a long time unless I run into an butt load of cash.
 
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Old Mar 16, 2008 | 10:32 AM
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I bought this truck to replace the mazda b4000 that I wore out. I'm a bricklayer for a commercial co. during the week, and do my own side jobs on weekends, like chimney rebuilds. I don't need a truck at all during the week cause I just drive to work and don't haul anything, but when I'm working for myself I need something fairly heavy duty as I wore the **** out of the little mazda in 2 years. I should have a small econo box during the week and an f-2, or 350 for weekend jobs. Insurance and cost of owning both vehicles would cost me a lot more than the cost to fill my f-150's tank, so that's the route I went.

So, in conclusion, as gas prices rise, so do the cost of chimney rebuilds...and anything else we pay money for.
 
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Old Mar 16, 2008 | 10:33 AM
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Before I would ever trade in my truck & take a financial beating, I am seriously thinking of Re-Financing my Truck Loan by putting down an extra 5-6 grand & lowering my monthly payment. That would make paying for fuel much easier. I might be retiring from my present job this June, & with my severance package money, I plan to re-finance my loan & buy a Harley Davidson Fat Boy cash. Both those moves would save me gas $$$$......
 
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Old Mar 16, 2008 | 10:38 AM
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i myself always live within my means,meaning be able to handle worst case scenarios-if gas is $5 a gallon i will be fine-even though i mdon't agree with the rediculous prices
 
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Old Mar 16, 2008 | 10:43 AM
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I won't get rid of the truck. gas prices are high, but unless they reach ridiculous prices I'm holding tight
 
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Old Mar 16, 2008 | 10:45 AM
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Cost of fuel doesn't matter to me. I NEED my truck for work, so I would not be able to work without it, therefore cost of fuel is irrelevant. If I didn't need a truck for work I wouldn't be driving one.
 
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Old Mar 16, 2008 | 10:47 AM
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dont forget if you go down to a 4.6 you will probably get worse MPG.
 
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Old Mar 16, 2008 | 10:51 AM
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That's a good question. I would have to say when I run out of resources to continue offsetting these ridiculous prices. However, without starting a big todoo here, we always seem to find a way whether it be gas, milk, cigs, or whatever. We continue to pay.

Now I'm getting p.o. thinking about this
 
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Old Mar 16, 2008 | 10:58 AM
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Originally Posted by cndcowboy
Cost of fuel doesn't matter to me. I NEED my truck for work, so I would not be able to work without it, therefore cost of fuel is irrelevant. If I didn't need a truck for work I wouldn't be driving one.
I'd most likely be driving a wrx if I didn't need the truck for work. I'm more of a high performance kinda guy, than a truck guy. I've had a sport bike for last 5 years, but I'm probably selling it this year to untie some cash that I could use for more important things right now. I don't know how I feel about not having a machine to blast around a race track on... I may go insane
 
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Old Mar 16, 2008 | 10:59 AM
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From: Rhode Island
I would also get a second job, or work OT before parting with my rig!....
 
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Old Mar 16, 2008 | 11:03 AM
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Originally Posted by risupercrewman
Before I would ever trade in my truck & take a financial beating, I am seriously thinking of Re-Financing my Truck Loan by putting down an extra 5-6 grand & lowering my monthly payment. That would make paying for fuel much easier. I might be retiring from my present job this June, & with my severance package money, I plan to re-finance my loan & buy a Harley Davidson Fat Boy cash. Both those moves would save me gas $$$$......
that's something i didn't think of...I could just refinance what I owe on the truck and that would free up some money. I won't trade it if I am upside down. I'll just suck it up and deal with it. the gas is going to keep going up
though and at some point I have to have a plan.
 
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Old Mar 16, 2008 | 11:04 AM
  #13  
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you would be much better off buying a beater for $1000 and keep the truck.
 
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Old Mar 16, 2008 | 11:35 AM
  #14  
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Gas prices don't matter. There is nothing more economical that will tow my camper. I'll just ride my motorcycles more.
 
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Old Mar 16, 2008 | 11:43 AM
  #15  
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Originally Posted by cndcowboy
Cost of fuel doesn't matter to me. I NEED my truck for work, so I would not be able to work without it, therefore cost of fuel is irrelevant. If I didn't need a truck for work I wouldn't be driving one.
I'm in the same boat. But there is a lot of days that I just drive around looking at jobs that I dont need this tank. Hell, I use a 1/4 tank a day on average .

I can't sell it because I need it. I am going to get a small beater and try to only drive the truck when I am in need of it. A ranger with a 2.3L and a 5 speed should help my gas bills a lot.
 
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