SD Noob. Be gentle. :)

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Jun 13, 2018 | 10:47 AM

#16

System

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Joined: Jan 2009

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From: Western MA

Quote:

Originally Posted by toymaster

Only the low-end lenders give a kickback to a dealer or loan shark as it were. This is 'merica and no one can tell you not to pay off a debt, least a legetiment debt.

If you consider Ford Motor Credit a low end lender... While they can't tell you not to pay it off before 3 months, the dealer does loose their incentive for writing the loan if you do. I've also heard dealers lie to customers and tell them that "they can't pay it off before 3 months." This happened to me on the last truck I had a loan on. I got home from buying it on Friday and called FMC on Monday. I got my payoff amount and account number and sent in the check. So, I got the rebate tied to taking the financing and only paid a couple bucks in interest.

As to cash, I agree with the last couple posts. I'm also betting the OP means he has the cash on hand, IE: in the bank, to buy the truck.

Jun 13, 2018 | 10:51 AM

#17

BowtieConvert

Lead Driver

Joined: Jan 2017

Posts: 6,840

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From: Jacksonville

Quote:

Originally Posted by MPawelek

By “cash” I bet the OP means he has the money in the bank and can get a cashiers check immediately to pay off the new truck, not that he will show up at the dealership with a bag full of freshly printed 100 dollar bills. Dealerships will not accept that much cash and usually want a bank check, not a personal check. I have bought my last 5 trucks by going to my bank and taking a cashiers check directly to the dealership. On this current 2018 F-250 I walked into the dealership at 9 am with a print out of which truck I wanted off the lot and drove it into my driveway by lunch. I am already putting funds aside each month and will “pay cash” for the next truck also. I hate paying banks when I can loan to myself and make a tiny bit of interest at the same time.

We had a customer walk in a couple of weeks ago and pay for his order with Franklins. 280 of them to be exact. My daughter had to provide SS#, D/L, and a host of other documentation when she went to deposit them. Of course, not all of them made it to the bank as some were "diverted" for other purposes. But it was still over $10k so it was required. I have bought my last 3 trucks with company checks. The dealer(s) have been fine with that.

Jun 13, 2018 | 11:14 AM

#18

muecker

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Joined: Jun 2018

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Yep...sorry for the confusion lol. certified funds from my bank. I wouldn't try to pull a Mayweather and make in rain in the dealership.

Jun 13, 2018 | 11:17 AM

#19

System

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Joined: Jan 2009

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Likes: 1,245

From: Western MA

Quote:

Originally Posted by muecker

Yep...sorry for the confusion lol. certified funds from my bank. I wouldn't try to pull a Mayweather and make in rain in the dealership.

It would be fun to watch though!!!

Jun 13, 2018 | 03:23 PM

#20

h20camper

Logistics Pro

Joined: Apr 2017

Posts: 3,924

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From: Lost in the Ozone....

I paid in full by personal check. No IRS forms required. As others have mentioned, I guess that creates a trail.

Jun 13, 2018 | 06:00 PM

#21

Robb81

Senior User

Joined: Mar 2017

Posts: 416

Likes: 2

From: Texas

Anyone wise enough to save or fortunate enough to inherit sufficient money to pay for a new truck in full should consider the lost opportunity cost of not investing that money wisely.

I'll take a 3-4% truck note any day and let my money grow at a higher rate of return.

But if you can't beat 4% then Dave Ramsey's advice is great. If you know how to get better than a 4% ROI it's incredibly bad advice.

Jun 13, 2018 | 06:04 PM

#22

WorkFE

Junior User

Joined: Jun 2017

Posts: 69

Likes: 0

From: Kentucky

Quote:

Originally Posted by muecker

Hello all. I have no idea why I just found this page as I've been a long-time Ford owner. But, I am now a member and was hoping for a knowledge dump.

I'm in the market for a 250 or 350. I need a tow vehicle and it will also be used for my primary DD. I always heard that the Powerstroke was better(?), so that's what I think I'm in the market for but was hoping to get more information here before purchasing. I was wondering when the 2019 models will be released as I'm hoping to get a 2018 or even 2017 with good incentives from the dealer. Also, I hope to pay cash as I have the opportunity and hate a car note.

Basic requirements: Supercrew, 4x4, non-DRW, probably the shorter bed and I like the 40/20/40 bench seat so my girlfriend can sit close.

So, 250 vs 350? 2017 vs 2018? Diesel vs Gas? Now or later?

Looking forward to everyone's advice. I searched the threads for some of this information and found a lot of speculation, so I was hoping to get these specific items addressed.

Thanks!!!

My TT fully loaded runs about 9k, I have no issues with the gasser.
Occasionally I pull my big Tex with track loader, about 15k total, I have no issues. I don't pull that very far though.

Neither one exceeds 85% of my payload, off the top of my head that's about 3000#

Last edited by WorkFE; Jun 13, 2018 at 06:05 PM. Reason: Add F250

Jun 13, 2018 | 08:45 PM

#23

Xwild

Elder User

Joined: Feb 2005

Posts: 872

Likes: 4

From: Greene, NY

Paying cash if fun.. Went to look at a used horse trailer at a dealer 6 hrs away.. took actual cash since wasn't sure what I was going to pay.. could have taken a check, but cash always helps a deal get made. Negotiated to a little over 14k. Guy asks how I'd like to pay, and I pull out an envelope of cash.. he's like. ok. this will take a few minutes longer since we have to do some paperwork... it's not much paperwork in reality.. pretty much just 1 form where you certify it's legit money made legitly.

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Jun 14, 2018 | 05:43 AM

#24

System

Prolocutor

Joined: Jan 2009

Posts: 13,618

Likes: 1,245

From: Western MA

The only time the form is troublesome is if the selling dealer checks off the "suspicious activity" box. It's on there so the dealer can report, without the buyers knowledge at the time, a cash sale that seems off in some way. I always wondered if heavy/hard/aggressive negotiating would cause an unscrupulous dealer to check the box as payback...

Jun 14, 2018 | 06:33 AM

#25

backtrack2015

Senior User

Joined: Jun 2017

Posts: 324

Likes: 8

From: Austin, TX

OP mentioned trips into Mexico. Any difficulty finding low-sulphur diesel there? I’ll admit I have no experience driving south of the border.

Jun 14, 2018 | 07:07 AM

#26

2009kr

Posting Guru

Joined: Aug 2015

Posts: 2,399

Likes: 12

Quote:

Originally Posted by muecker

... I need a tow vehicle and it will also be used for my primary DD...

Basic requirements: Supercrew, 4x4, non-DRW, probably the shorter bed and I like the 40/20/40 bench seat so my girlfriend can sit close.
...

I must have missed it one of the most important pieces of information. What is the biggest thing you plan to tow?

Jun 17, 2018 | 03:07 PM

#27

muecker

Thread Starter

Junior User

Joined: Jun 2018

Posts: 87

Likes: 0

Quote:

Originally Posted by backtrack2015

OP mentioned trips into Mexico. Any difficulty finding low-sulphur diesel there? I’ll admit I have no experience driving south of the border.

You can get it at some Pemex stations. I would typically tow to the border or maybe to Ensida (not too far from the border). If I had to tow to the pits, that could be another story. Sometimes you can find fuel sold by the gallon (in used milk jugs) if one hasn't planned accordingly. They brown floaty things in it does not cost extra.

Jun 17, 2018 | 03:11 PM

#28

muecker

Thread Starter

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Joined: Jun 2018

Posts: 87

Likes: 0

Quote:

Originally Posted by 2009kr

I must have missed it one of the most important pieces of information. What is the biggest thing you plan to tow?

Ford raptor on a trailer. SD bed would be full of tools, coolers, camping supplies, spares, etc.

I pull a boat and a separate cargo trailer with my F150 today with minimal problems. But, the Raptor is another story.