well, im only 17. but ill turn 18 in a few months. my mommy and daddy wont buy me a pick up so i have to buy it on my own. since im gana go in to debt for my own. im allowed to be picky. Id like some help in finding out how much i should be looking into paying for an FX4 crew cab, 4X4 with the captin chairs. i live in nebraska so im pretty sure ill have to go out and about to find what i want. I appriciate everything you guys have for me. Thanks a million.

 

What is your budget?

 

um... well probably less then 18,000. does that sound manageable?

 

IDK...does it?


18,000.00 @ 13% interest for 72 months is 361.33 month.

+ gas (for me its almost 400.00 a month!)
+ insurance
+ oil changes/ repair

That's just some of the stuff that needs to be considered.....


Also, I think it will be very hard to even get a loan with your age/credit history with the way things are right now.


If you can comfortably afford it , I say go for it.

 

13% interest???????? Ford is offering as low as ZERO % interest right now. They are hurting in the truck area and need to move them. But 18K for a new FX4 might be a little low.

 

Don't forget about insurance on a 6 passenger, 4x4 truck. with a v8.

It'll cost ya, your only 18, if you were 25 and married, It would be no sweat.

Just my 2 cents.

 

Yes, zero % if he takes that over the rebates which around here are about $12,000....

I took it he was going used but if he is going new.....From FORD 4.9% for 72 months W/ $1000.00. bonus cash...for 18k that would be 289.05 a month.....but you would have a a lot higher selling price with less rebates.


When I bought mine new in 06 and financed through FMC they stuck 9.9% on the loan.....that is with great credit also......I refinanced for 4.1% after two months......

 

If you are not set on a new truck and can wait awhile for a deal I would suggest looking for a used one. I found a 2000 f150 5.4 supercab for $4300 with only 60k miles and still looks new, new tires as well. It took me about 2 months to find the deal. It was well taken care of and not used for any towing, plus I do not have truck payments!

 

He won't get 72 months financing on a used vehicle these days. Take it from someone who has been there done that (as we all have, right?). Only buy what you can pay off in 36 months. Try and find a good condition 2000 or up that you can afford. You will thank yourself when you're 30...and have a wife...a few kids...and zero debt.

Or, buy what you can't afford and hope the gov't bails you out...seems a popular option these days.

 

Buy something several years old that is cheap. The new ones may look cooler but its never worth it. If you want to take over the payments on mine your welcome to it. Upside down by 15000 and 5 years left on the loan. Dont ever do that.

 

shhhhitt 13% i wish

i got my 08 i am 22 first loan and my intrest rate is 18%

its a base model 08 xl 4.6 reg cab 8ft bed

22k and some change with that intrest i pay 512 month can you kick that? with 16-18mpg?

 

true probably could not finance a used one and if so the rate would be high.

 

While I encourage you to pick carefully and to buy within your budget, I come from experience when saying you'll be kicking yourself if you lock yourself up with a truck that doesnt have all the options that you want. You may be thinking "I wish I had this or that on my truck..."and stuck with one thats doesnt with up-side-down equity on it.

 

To get the 0% interest you have to have a very good credit rating, if you have no estabished credit you will not get the 0%

 

get it loaded.....
too bad i can get the Ram 1500 for $15-20k less than a comparable F150