themadmonk Posted January 22, 2022 Share Posted January 22, 2022 Ordered mine on 29 December 2021. Will probably trade in my 2018 loaded F250 XLT; their offer is practically getting what I paid for it in trade, then either finance the rest or pay it off. Depends on the economy. I run my own business so I can really make more than the interest costs if I make payments. The business outlook will really dictate it and right now business has really slowed down. Slow time of year, weather, economy and all the other worldly shenanigans; one or more is responsible. That will battle with the hatred of payments to the ultimate decision on what to do. Have a while to figure it out. Quote Link to comment Share on other sites More sharing options...
JC2014 Posted January 23, 2022 Share Posted January 23, 2022 I sold my 2014 F-150 to Carvana for 29500.00. I paid 32000.00 in 2014. It only had 42000 on it when i sold it and it was in perfect condition. With that being said I am just going to write a check for the remainder. I talked to my accountant about financing and putting the money into a investment account with the possibility of making more than I would have to pay in interest on a 36 month term. He told me to pay it off because there is no way the market can be slightly predictable for the next 3 years due to our current situation if you know what I mean. So I'm not going to take the chance of loosing more than the interest on a investment. Quote Link to comment Share on other sites More sharing options...
ardvark666 Posted January 23, 2022 Share Posted January 23, 2022 12 hours ago, JC2014 said: I sold my 2014 F-150 to Carvana for 29500.00. I paid 32000.00 in 2014. It only had 42000 on it when i sold it and it was in perfect condition. With that being said I am just going to write a check for the remainder. I talked to my accountant about financing and putting the money into a investment account with the possibility of making more than I would have to pay in interest on a 36 month term. He told me to pay it off because there is no way the market can be slightly predictable for the next 3 years due to our current situation if you know what I mean. So I'm not going to take the chance of loosing more than the interest on a investment. I actually don’t know what you mean. The market has been great. You need a new accountant or you are a bad investor if you can’t make more investing than you’ll spend on a 2.99 or less loan. 1 Quote Link to comment Share on other sites More sharing options...
ScottK1 Posted January 23, 2022 Share Posted January 23, 2022 13 hours ago, JC2014 said: I sold my 2014 F-150 to Carvana for 29500.00. I paid 32000.00 in 2014. It only had 42000 on it when i sold it and it was in perfect condition. With that being said I am just going to write a check for the remainder. I talked to my accountant about financing and putting the money into a investment account with the possibility of making more than I would have to pay in interest on a 36 month term. He told me to pay it off because there is no way the market can be slightly predictable for the next 3 years due to our current situation if you know what I mean. So I'm not going to take the chance of loosing more than the interest on a investment. I agree with ardvark666. Invest in the market if you have the fortitude to manage it yourself. Market is what let me pay cash for my new truck. Get professional help if you plan to do it yourself - like products from thestreet.com (action alerts plus) helps me. Quote Link to comment Share on other sites More sharing options...
JC2014 Posted January 24, 2022 Share Posted January 24, 2022 (edited) I'm paying cash for mine also. I guess you haven't checked the market in a while. You go ahead and do it and let me know how it works out for you. I wish you the best of luck. Edited January 24, 2022 by JC2014 Quote Link to comment Share on other sites More sharing options...
4x4ord Posted January 24, 2022 Share Posted January 24, 2022 Although I agree that there are things to invest in that should generate a greater return than the interest charged on a truck loan, we choose not to have loans on our vehicles. Only you can decide how you want to live but there is something appealing about living without taking on unnecessary debt. Quote Link to comment Share on other sites More sharing options...
lisadsayre Posted January 24, 2022 Author Share Posted January 24, 2022 I see many options here that did not occur to me. Where is everyone getting the low financing? Quote Link to comment Share on other sites More sharing options...
Ford truck guy Posted January 24, 2022 Share Posted January 24, 2022 traded my 2016 for $40,000.00... paid balance cash out of pocket for the 2020 which was minimal . . . IF I finance, I do 48 months at the most and pay off early.. Only if the rates are low.. hate paying for money Quote Link to comment Share on other sites More sharing options...
Tom3 Posted January 24, 2022 Share Posted January 24, 2022 (edited) Mostly coming from the sale of my 2017 F250 to the dealer. Some being financed from my credit union. Check your local credit unions if you are financing. Some of them offer really low rates. Edited January 24, 2022 by Tom3 1 Quote Link to comment Share on other sites More sharing options...
CBears Posted January 24, 2022 Share Posted January 24, 2022 3 hours ago, lisadsayre said: I see many options here that did not occur to me. Where is everyone getting the low financing? This is what I want to know also. The credit union I usually go to is over 3% right now. Rates seem to be on the rise. Where are you getting 2 and below right now? 1 Quote Link to comment Share on other sites More sharing options...
CBears Posted January 24, 2022 Share Posted January 24, 2022 21 hours ago, ardvark666 said: I actually don’t know what you mean. The market has been great. You need a new accountant or you are a bad investor if you can’t make more investing than you’ll spend on a 2.99 or less loan. I don't have the stomach to play the market and I also think another crash is coming. Nothing to base this on but a feeling..... Around here rates are back up to 3% and over, at least where I normally go and I'm not sure where someone with my aversion to risk would make more than that in short term, low risk investments. Going to put down as much as I can, borrow as little as possible, and pay it off as soon as possible. Quote Link to comment Share on other sites More sharing options...
Tom3 Posted January 24, 2022 Share Posted January 24, 2022 My credit union is currently offering rates of 2.24% up to 66 months and even 2.79% out to 84 months. Sandia Area Federal Credit Union in the Albuquerque area. Quote Link to comment Share on other sites More sharing options...
ChuckDiesel Posted January 24, 2022 Share Posted January 24, 2022 I'd consider financing if offered something under 2%. Otherwise, probably will pay cash. Quote Link to comment Share on other sites More sharing options...
787Toolman Posted January 25, 2022 Share Posted January 25, 2022 All, I placed my order for my 2022 F350 King Ranch SRW CCSB on Dec 29th, 2021, and it's scheduled to be built the week of 2/14/2022. I'm paying MSRP as the dealer is not honoring any discount plans despite me having access to X plan or similar thru my employer. Today I got a big surprise in the mail, a $2000 reward ticket with a personal code. I assume my truck will be delivered late February or early March and the reward expires on 4/4/2022. My question is should my dealer accept my reward despite me already having placed my order? I assume they will accept it since Ford is offering the reward, so dealer shouldn't lose any money off their regular profit margin based on MSRP? I'm happy with a $2k reward but others are claiming $3k. Is this what others are calling PCO? Thanks, 787Toolman Quote Link to comment Share on other sites More sharing options...
Rak320 Posted January 25, 2022 Share Posted January 25, 2022 12 hours ago, CBears said: This is what I want to know also. The credit union I usually go to is over 3% right now. Rates seem to be on the rise. Where are you getting 2 and below right now? I use Navy Federal Credit Union, if you have any Military or DOD affiliations, NFCU is the best. Quote Link to comment Share on other sites More sharing options...
Rak320 Posted January 25, 2022 Share Posted January 25, 2022 17 minutes ago, 787Toolman said: All, I placed my order for my 2022 F350 King Ranch SRW CCSB on Dec 29th, 2021, and it's scheduled to be built the week of 2/14/2022. I'm paying MSRP as the dealer is not honoring any discount plans despite me having access to X plan or similar thru my employer. Today I got a big surprise in the mail, a $2000 reward ticket with a personal code. I assume my truck will be delivered late February or early March and the reward expires on 4/4/2022. My question is should my dealer accept my reward despite me already having placed my order? I assume they will accept it since Ford is offering the reward, so dealer shouldn't lose any money off their regular profit margin based on MSRP? I'm happy with a $2k reward but others are claiming $3k. Is this what others are calling PCO? Thanks, 787Toolman Toolman, You should be good to go as long as you placed the order before expiration. Look at the fine print it will state take delivery or place order. 1 Quote Link to comment Share on other sites More sharing options...
RCorsa Posted January 25, 2022 Share Posted January 25, 2022 Dealers can often get as good of rates as the credit unions but hey tend to make them up to retail. Super Duty rates don't tend to be as good through Ford so check with Pen Fed or a local CU and then ask the dealer if they can match it. Ive never had a dealers that couldn't. Quote Link to comment Share on other sites More sharing options...
sarge144 Posted January 25, 2022 Share Posted January 25, 2022 I was originally planning on selling my immaculate barn queen 2000 F250 Super Duty Lariat (Power stroke, 4x4, only 81K) but no one wanted to give me much for it, which was a surprise. Next I was going to trade in my other barn queen 2013 F150 XLT (Ecoboost, 4x4, only 27K) but for some dumb reason I could not get rid of it. So much to the irritation of my wife I kept both and now have three trucks. However I did compromise and sold my motorcycle which paid for half - the rest I financed through my credit union at 1.89% for 36 months. At that interest rate it was worth it for me. I don't have any other toys (camper, boat, etc.) so I guess I'm becoming a pickup collector. 1 Quote Link to comment Share on other sites More sharing options...
Petey_highboost Posted January 25, 2022 Share Posted January 25, 2022 Financing a little less than 1/2 Quote Link to comment Share on other sites More sharing options...
FirstFord22 Posted January 27, 2022 Share Posted January 27, 2022 On 1/21/2022 at 2:44 PM, lisadsayre said: I am just curious as to how everyone is planning on financing these luxury trucks? Even with my decent sized down payment, I will still probably be looking at an 84 month term loan. I am not of retirement age yet, but this will be the vehicle that I keep into my retirement . Never in my wildest dreams did I ever think I would spend this much money on my dream truck, yet here I am, lol. I’m in the same boat as you, 84 months; however, while I’m still working nights and the 10% shift differential, I’m going to throw as much money at it to pay it off early (hopefully within 3 years). I’m not sure what I’ll get for my 2010 Yukon XL SLT, but I’m thinking I want to put whatever I can get to better use. I’ve never been super savvy with finances, but in my brain it sounds logical. Quote Link to comment Share on other sites More sharing options...
khansen Posted January 27, 2022 Share Posted January 27, 2022 On 1/21/2022 at 1:44 PM, lisadsayre said: I am just curious as to how everyone is planning on financing these luxury trucks? Even with my decent sized down payment, I will still probably be looking at an 84 month term loan. I am not of retirement age yet, but this will be the vehicle that I keep into my retirement . Never in my wildest dreams did I ever think I would spend this much money on my dream truck, yet here I am, lol. Paid cash 1 Quote Link to comment Share on other sites More sharing options...
typski Posted January 27, 2022 Share Posted January 27, 2022 Credit union financing. Current rates are 1.99% for 36, 48, 60 and 72 months. It jumps to 3.75% for 84. Quote Link to comment Share on other sites More sharing options...
MorePower! Posted January 28, 2022 Share Posted January 28, 2022 Yep, priorities. I traded in my 2019 Tesla, and wrote a check. Trucks are just way more useful to me than cars. Compact is too small for me now, and I no longer commute to work. I like riding higher with the better visibility, and more mass if there is a collision someday (hope not, slow down, enjoy life!). Sell the wifey, sell the kids, sell the pets, then you would be amazed what is affordable! I do not have Netflix, cancelled satellite TV. In fact, I’m trying to reduce my recurring monthly costs. I ate out for the first time in months today (not counting drive-throughs). The savings really add up over time. I do not pick up pennies, like some, and know that most of the time we get what we pay for. Quote Link to comment Share on other sites More sharing options...
Rak320 Posted January 31, 2022 Share Posted January 31, 2022 On 1/24/2022 at 5:41 AM, lisadsayre said: I see many options here that did not occur to me. Where is everyone getting the low financing? Credit unions! Quote Link to comment Share on other sites More sharing options...
IUEC135ELEVATOR Posted January 31, 2022 Share Posted January 31, 2022 On 1/21/2022 at 2:44 PM, lisadsayre said: I am just curious as to how everyone is planning on financing these luxury trucks? Paying cash from the money I made as a male hooker and my mad skills as an amateur stock broker.... (I can't say either one without laughing....) If I did that for a living I would be broke and homeless...??? 1 Quote Link to comment Share on other sites More sharing options...
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