New truck or keep old?

[Env1ous]

Originally Posted by wog
If truck is running so good,keep it and pay it off. Then start your plan for a house,that is well spent money,your truck is for the house projects. The old payed off truck will save you money for house and children, my kids grew up riding in old pick ups,now they own them. Repairs are part of owning,not payments and higher insurance bills. Enjoy your truck,don t sweat about maybes ,your truck will be fine for ten years or better. Priorities will change,and life keeps going on.


Very true statement. I will in fact need a truck for most things coming up in the future. Paying it off would be very nice! and just focusing on the house and family.

 

[Env1ous]

Originally Posted by dadto2
Many decades ago, when I was young and new to car ownership, my Dad told me "If you own a vehicle, you own a problem". Truer words have never been spoken. It doesn't matter what you own, you are going to spend money on repairs and have some downtime sooner or later.

I keep my cars as long as possible. An earlier poster replied that you should start making payments to yourself once the loan is paid. I was able to do that, and got myself out of the car loan situation. Cash deals only from now on. (When the interest works for you instead of against you, the money accumulates more quickly than you might think!) Fix it until it no longer make financial sense to do so. Then buy another lightly user vehicle.

My $0.02

That is true. I grew up with an 89 F150 and at every gas station it broke down in one way or another lol. I had to get rid of that one. I think chugging a long and paying this truck off will be the best bet long term for sure. I guess all the what ifs can scare you pretty quick lol.

 

[Env1ous]

Originally Posted by NO2
Accelerating gently will prolong engine and transmission life. F150's are good for 250K+ miles, you might expect a transmission repair if you carYour's looks like a raptor, which are crazy expensive but maintain their value better than most. Is yours a Raptor? It's probably the most fun of any pickup on the market.

The RAMs are less reliable overall, so I'm not sure what that will get you.

Given that even a basic crew cab pickups averages over $45K I'd be hesitant about replacing a perfectly functioning F150 with only 1/3rd of it's life used.


True but I do notice the DI motors like a good workout now and then. It is just a retrofit grill I bought. I really liked the look but could not justify the 2x price for a Raptor. I am keeping up on maintenance and using good gas and everything I can.

 

[Env1ous]

Originally Posted by KrisZ
Don't scare yourself into buying another truck, or you will easily fall pray to salesman tactics.
And if you can get top dollar for your current truck, what do you think others will be asking for theirs? It's going to be top dollar as well.

Now, if you simply have an itch for a new/different truck, that's fine, but the worst thing you can do is lie to yourself that you need another truck. You will be on the losing end with that kind of thinking.



Not so much scaring myself into a new truck. Just over thinking and wanting to make sure it is reliable. But I mean, it has been very reliable. I do like my truck. It is very comfortable and has everything I need and a few things I never knew I needed.
I usually sell locally then use carmax and sort nationwide to find vehicles. I have had good luck with them. They use a national average for price, it looks like. So it is cheaper when I go through them. It doesn't have the CO 4x4 markup lol. And if it is awd/4x4 you can ship it free to any store.

 

[Env1ous]

I really do appreciate everyone's thoughts on this. This is a good thread for me! I think I am just over thinking way too much and trying to prevent anything from happening. But as many as you stated, I am in a good place to just pay it off. Use the warranty if anything does happen. and just enjoy the [censored] truck! and of course, change its oil

 

[joekingcorvette]

Definitely keep it. I have the 5.0 however those eco boosts should last a long time too. Trucks don't seem to age like cars.

 

[dave1251]

The 3.5 is really a reliable engine anything else reporting this is really overblown hype.

 

[Env1ous]

Originally Posted by joekingcorvette
Definitely keep it. I have the 5.0 however those eco boosts should last a long time too. Trucks don't seem to age like cars.


A few years ago I was like [censored] yeah. Ill throw all my money at it!
Now im engaged and we want a little more room for the niece and her mom. So wedding and a house in the near future.

Well, now I have a fiancee and we take care of the niece a lot and I dont trust drivers with that much precious cargo in my truck! So I need my truck up at all times to drive them places. You are right they should age well. Mine is so far. TLC goes a long way. Even if it means walking 1/4 to work to avoid door dings! I just need it to be reliable and no issues. This thread did make me realize that I do love this truck and it is a [censored] good truck. Power for days but it just needs some extra love since it is a high maintenance girl.

 

[Env1ous]

Originally Posted by dave1251
The 3.5 is really a reliable engine anything else reporting this is really overblown hype.


Yeah I think another part of it is I demand everything to be working tip top. So if I hear a sound im stuck thinking a turbo is going out or I have a boost leak or this or that.
The main complaints are engine block mods (losing a rod through the bottom) and the timing chain. My warranty says it will cover that. I have 3 years left on the warranty. I know there is no way I will get to 128k in 3 years from now.

 

[NDL]

Originally Posted by Env1ous
Originally Posted by WyrTwister
Were it me , I would drive it until it lays down and dies . Once it is paid for , start stashing money away for the next purchase .

I personally am leery of turbos . On gasoline vehicles .

Be gentle on the accelerator peddle and MPG should improve . Change fluids / filters early / aggressively . Keep good tires & brakes on it . Try to combat the salt , if you can and are in the salt belt ( I am not ) .

Keep it washed and wax it a few times a year .

Every few months , inspect the rubber parts under the hood .

Do not forget the transmission and differential .


To be honest. MPG is the least of my worries. I drive about 5 miles a day to work and back. My 36 gallon tank last way too long lol.
Since it is DI and I believe it likes the heat to try to keep the valves clean I do get on it after it is warmed up. I am very aggressive about maintenance and keeping it clean. It is a 13 but everyone thinks I bought it a year or two ago.
I think they made the turbos too small for elevation. They have to work really hard to get the same boost levels and it makes them run a lot hotter. They do have upgraded turbos but the fueling system cannot keep up. So on top of two performance turbos ($2,000) you have to buy a new HP fuel pump for another ($1,500) ugh

I just think I needed sound reasoning from people who are a lot smarter than me and have more wisdom!


I have a hunch that if you were interested in selling your truck, many posters would show interest in buying it (it's a beautiful truck).

As others have said: take the would be monthly truck payment and set it aside.

 

[Env1ous]

Originally Posted by NDL
Originally Posted by Env1ous
Originally Posted by WyrTwister
Were it me , I would drive it until it lays down and dies . Once it is paid for , start stashing money away for the next purchase .

I personally am leery of turbos . On gasoline vehicles .

Be gentle on the accelerator peddle and MPG should improve . Change fluids / filters early / aggressively . Keep good tires & brakes on it . Try to combat the salt , if you can and are in the salt belt ( I am not ) .

Keep it washed and wax it a few times a year .

Every few months , inspect the rubber parts under the hood .

Do not forget the transmission and differential .


To be honest. MPG is the least of my worries. I drive about 5 miles a day to work and back. My 36 gallon tank last way too long lol.
Since it is DI and I believe it likes the heat to try to keep the valves clean I do get on it after it is warmed up. I am very aggressive about maintenance and keeping it clean. It is a 13 but everyone thinks I bought it a year or two ago.
I think they made the turbos too small for elevation. They have to work really hard to get the same boost levels and it makes them run a lot hotter. They do have upgraded turbos but the fueling system cannot keep up. So on top of two performance turbos ($2,000) you have to buy a new HP fuel pump for another ($1,500) ugh

I just think I needed sound reasoning from people who are a lot smarter than me and have more wisdom!


I have a hunch that if you were interested in selling your truck, many posters would show interest in buying it (it's a beautiful truck).

As others have said: take the would be monthly truck payment and set it aside.



Thank you for the kind words my friend. I think that is the smartest thing to do.

I think some reassurance to calm my ever active mind was needed. All the advice that was offered was all similar in nature and sound advice!

 

[Kurtatron]

I think the best remedy for you is not so much convincing yourself the vehicle will be impervious in the next 50k miles or so. There is no way to absolutely predict the future. It could break down, but so could any other truck. Ford F-150s are good trucks, but what you really need is a change in priorities.

I felt the same exact feelings about my old van. It's my camping vehicle. I got paranoid that it's engine would break down out in the middle of nowhere. So I scoured about looking for promises and encouragement that the van would run ok, because I convinced myself the only solution was to purchase a newer, better vehicle. But what ultimately calmed me down was a change in thinking. I needed to prioritize my finances over confidence in the vehicle's roadworthiness. Trust me, your financial future is way more important than whatever your car's future reliability is. I've decided to just keep my van until is breaks down, because I need to save up money for my future, whether family or emergencies. Trust me, cash can escort your family in absolute comfort if a vehicle breaks down. And it's not like the F150 is an unsafe vehicle.

Consider your financial situation First (!) Before making a decision to get another vehicle.

 

[meep]

I've been down this road before, and I've said the same things:

OP: "I have settled down, or as I like to say, got my priorities straight since I got engaged and moved in with the fiancee. "

Almost. Part of our hold pre-settling down mentality is to buy for where we are in life. It's one of the last lies that we hang on to before actually settling down and finding a greater priority than the car/truck. Someone who actually has achieved settling down gets rid of what they don't need, and uses what they have until there's actually a problem.

To truly demonstrate having settled down, focus on your fiancé, your family, your spiritual and mental health, and doing good around you. You're getting there!

-m

 

[supton]

I think about going down this path at times myself--the desire to get out at the best time, when the least amount of money time and effort was spent. But I think in the end it's only justified if the next vehicle is significantly different: going from 4x4 crew cab to cheap 4x2 long bed, or to a station wagon, or the like. Just swapping from one late model to another is just another way to spend money with no real gain (outside of legitimate lemon vehicles)--the money lost (between depreciation and interest) will usually pay for quite a bit of actual repairs (if ever encountered).

 

[wallyuwl]

The longer you keep it the better off you'll be financially. But I get the concern with Ford trucks. I have a 2018 5.0 and will not keep it past warranty. Way too many issues, and Ford can't or won't fix many of them (several TSBs don't fix the problems they are supposed to). I will be looking at a 2021 or 2022 model year Tundra as my next truck, or maybe even a Ram. Your call to make, but if you haven't had any problems and don't put many miles on then I would keep what you have a bit longer.

 

[JLTD]

Originally Posted by beanoil
Keep the Ford. Repair if and when needed.
Put a truck payment every month into a savings account.
Buy new when you can pay cash from the account.


Agreed.

 

[Env1ous]

Originally Posted by Kurtatron
I think the best remedy for you is not so much convincing yourself the vehicle will be impervious in the next 50k miles or so. There is no way to absolutely predict the future. It could break down, but so could any other truck. Ford F-150s are good trucks, but what you really need is a change in priorities.

I felt the same exact feelings about my old van. It's my camping vehicle. I got paranoid that it's engine would break down out in the middle of nowhere. So I scoured about looking for promises and encouragement that the van would run ok, because I convinced myself the only solution was to purchase a newer, better vehicle. But what ultimately calmed me down was a change in thinking. I needed to prioritize my finances over confidence in the vehicle's roadworthiness. Trust me, your financial future is way more important than whatever your car's future reliability is. I've decided to just keep my van until is breaks down, because I need to save up money for my future, whether family or emergencies. Trust me, cash can escort your family in absolute comfort if a vehicle breaks down. And it's not like the F150 is an unsafe vehicle.

Consider your financial situation First (!) Before making a decision to get another vehicle.


Exactly. This is good advice. Thankfully I worked hard and at 30 I reached my goal of how much I wanted to make but I still want to have more control financially like paying off debts.
True, it is av very good vehicle. I think I just got caught up in the what ifs of everything.

 

[Env1ous]

Originally Posted by meep
I've been down this road before, and I've said the same things:

OP: "I have settled down, or as I like to say, got my priorities straight since I got engaged and moved in with the fiancee. "

Almost. Part of our hold pre-settling down mentality is to buy for where we are in life. It's one of the last lies that we hang on to before actually settling down and finding a greater priority than the car/truck. Someone who actually has achieved settling down gets rid of what they don't need, and uses what they have until there's actually a problem.

To truly demonstrate having settled down, focus on your fiancé, your family, your spiritual and mental health, and doing good around you. You're getting there!

-m


Very true. I still have a ways to go but im not too worried about it. I just turned 30 and I am doing better than I thought. lol.
I actually planned on never getting married so that changed fast. Definitely working on spiritual and mental health and family is a huge one for me. That is in check for the most part!
I always try to be the best I can. Spirit guide Meep

 

[jongies3]

I'd get the Hemi, way better, proven reliable engine. Ecoboosts are nothing but trouble! Especially the more miles they rack up. Of all the domestic trucks right now, I think Ram has the best product, and that's saying something after spending years at the bottom of the barrel.

 

[DavidJones]

Keep what you have. EcoBoost's are very reliable power plants.