So guys I am faced with an interesting dilemma. The old man works for GM and has a hook up where I can trade my truck in for a 2009 GMC Sierra half ton, crew cab short bed Z71 level 2LT. After GM discount and all the other incentives, the truck is $17K out the door with 5year 100K warranty and 20 inch rims...

I love my ford that I only owe 10K on... if I can get 12K out of my truck should I do it???? I love my truck, but shes got 140K on her and this seems like a good deal. Do I down grade for money? I don't know what the bloody hell to do

 

Do you think you could sell yours for 12K? Sounds high given it's a 5.4L w/140K.

I personally think this is a crappy time to go further into debt. (not that there IS a good time) Getting the GMC will add $7K to your debt load.

Over the next 5 years do you think that you'll have to put $7K into your F250 to keep it on the road?

If not, keep your F250 and drive it until 2013.

If so, get rid of it now and get into the GMC. Can you get low financing?

 

I'm fairly confident on 12 given it is literally a flawless truck with its new paint job, nice tires, Gibson exhaust, Lariat FX4, gooseneck, and all sorts of other goodies. Those are just a few...

I really had no intentions on getting rid of the truck, just a brand new truck with a $42K window sticker for under $17K with the warranty and all that crap just seems like its an opportunity that will be available only when things are really in the crapper.

Can i handle the extra debt... eh. Just throw it on the pile with the $112K of student loans (and counting) and all the other bull________ and it just seems like its really negligable in the grand scheme. Yeah, I can kick out the financing an extra year and keep minimum payment the same, but interest goes up as usual.

The real swaying factors are the warranty, relatively low price, and substansially better economy. Granted fuel is pretty cheap right now (comparativly speaking) but I don't think its a safe bet it will be here for more than a year. big difference between 12mpg highway and 19! Plus I put on 40K miles a year so it adds up pretty quickly. That being said, its less than 2 years by the time I hit 200K miles on the ford if i keep this up at the same rate. Plus I need tires this summer, and all that garbage.

All cost factors included it's about the same price for the new truck as the Ford IF the Ford dont break.


I seriously feel like my brain is all wound up like a pretzel. THeres a pretzel in my head!

I know what I should do and what I want to do. I mean, I could always sell the bike and Trans Am to go to paying off new truck or fixing-fueling the old one. But no Chevy or GMC will ever be as roomy/ comforting as the SD.

Genuine predicament, so all I ask is if you were in my shoes, and downgrading to a half ton wouldn't interfere with what you pull (but the short bed... ewwwie) what would you do?

 

Given the miles you drive per year, I'd go for the GMC.

 

I have a GMC in the past. 1988 1/2. Nothing wrong with it just a 1/2 reg cab. Got the job done but not good for towing anything.

Does the proposed truck have the rating to pull and haul according to your needs? If you drive one does it sit ok and the interior to your likeing?

I personally don't care for the way GM has designed there lastest trucks and the suspensions are not that great. But that is for my use.

Just factors to consider.

 

Confident doesn't mean a sure deal. This is bargain hunting time for a lot of people especially for those that are in the truck market. Unfortunately too, is that all the goodies you put on there with reference to exhaust, hitch, tires, paint job etc. they really don't do what a lot of people think they do as far as adding re-sale value. Everything I have on mine will mean dick if/when I go to sell mine. The fact that it's a flawless truck will do more for re-sale value then the other goodies you have on there, because the buyer that comes to look at your truck may not like the stuff in general that you put on there, or the exact stuff you put on there specificly. They may not like the type of tires you put on there(may not like aftermarket tires period), may not like Gibson exhausts or the particular type/style hitch or even need a hitch period.

As to debt, even though it appears to be negligible to you, it adds up super fast. Plus with lending as tight as it is, you know that the lenders are going to be extra dutiful in getting their money back.

Just a lot more things need to be considering. Sometimes what one "wants to do" is mutually exclusive from what one "needs or is able to do".

 

But see, we'd have to throw you out of FTE and you'd miss everyone, wouldn't you?

$12K does sound a bit high.

"New paint" is not the same as "recent accident where every body panel had to be painted". If you get what I'm saying...

 

maybe gm is selling trucks so cheap cause they know they are going under. i mean the entire company is only wort 2 billion dollars right now compared to being worth 179 billion at its highest...

 

Well just for the record the wants to do is keep the Super Duty and what I felt I need to do is get something with better economy and a waranty.

Ya know I can't stand GM styling. Interiors or even more of a plasticky mess than my SD and they are smaller. I can honestly say the best interior OTHER than a super duty is an 04 Dodge Ram. But I refuse to buy one of those, so I should probably just stick with what I got.

As for debt... yeah it adds up. I guess I've just broken the 'total debt threshold' where even though it's a financial atrosity, I really dont care what the debt level is as long as my immediate shirt run situation cost does not increase.

I'll keep yall posted with what actually happens... and Krewat, dont plan on gettin rid of me just yet

 

I never said that it was(if you saying that was in reference to my post right before yours). He could have had a custom job with graphics on it that were topnotch, it still doesn't add as much value as people would like to think unless you can find someone that wants close enough to what you have and not deal with getting it done themself or dealing with someone to get it done.

 

You got me on warranty, however, if a ford gas engine in one of these trucks is as good as they say it is then it shouldn't be a problem for the next couple of yrs, however, there is piece of mind of the warranty, so I can't really argue that one.

One I can argue is better economy. This is one of my pet peeves here is when people say that "oh you should get this mpg range with this vehicle". I have consistantly gotten worse mpg the what most that I know have "claimed" to have gotten. You may not get as good as economy, you may get better economy, but economy is a crap shoot at best. I never got great economy when I was driving a 150 while my baby was gettin repaired because some jerk decided to kiss one of the ole girl's hips.

Bottom line is you might be disappointed with mpg results(on the other hand you might not), but your right on the warranty. Just depends on if you want to take a gamble on how good of mpgs your going to get with your new rig.

 

You may be able to get a 150 for relatively the same price....don't leave the ford family you will regret it....i did once when i got my jeep and i have regretted it since... Plus the new 150 looks pretty sweet

 

I was agreeing with you, basically...

This is what I was referring to:

"New paint" - it's like those commercials on TV when someone is typing up a classified ad while you see the car being recovered from a major accident or flood damage. "Salvage title ... backspace backspace backspace ... Recent body work ... backspace backspace backspace ... NEW PAINT!"

 

My advice to you would be to do research on the new SD's, and the reason I say that is because I saw an commercial that Ford is giving 0% financing and then you add up all the rebates and you might get a new Ford for less than a GM. Besides I don't think I would put a gooseneck hitch in a GM half ton, that's just scarey.

 

I'm gonna have to agree with Monsta on this one, no matter how nice the truck is or what you've added to it, the engine and the mileage is going to kill you. Not bashing the truck at all, just being realistic in troubled times.