Anyone regret trading up

I would like to trade up from my 1999 F250 with a 7.3, but newer Ford diesels have shakey reviews. Talk on this post is the Duramax. What is the most trouble free year to trade up to considering engine. trans., and electrical? Thanks.

Consider yourself lucky that you don't live farther west with a 10.7 percent car tax:

http://q13fox.com/2017/03/31/sales-taxes-in-snohomish-county-will-be-the-highest-in-the-state-and-among-highest-in-the-nation/

CampingN.C. wrote:

bucky wrote:
Don't forget to factor in the NC property tax on that new truck every year. It will be an eye opener in that price range.

You said that right !!!

I know it is a little off topic but does NC consider a vehicle to be real property? If so then how about your trailer and/or other toys?

One disadvantage to trading up in the state of WA is 8.5% sales tax bite you take on a new vehicle.

I have a 01 2500 HD 8.1L dedicated for towing and have not seen the need to replace for the added expense. Gotta love the sound of that big 8.

I think the financial gurus suggest no more than 10% of your pay check should go to car payments, or if you've accumulated a lot of wealth and have a modest income then keeping your vehicle to within 5% of your net worth is wise. Although I think their advice is good I suspect there are few people that have the self discipline to follow it.

With my credit there's very little interest expense involved in a vehicle loan. Less than I get in interest returns. I woukd rather put that cash into retirement and my kids' college savings accounts than pay cash for a vehicle.

The point is to pay down debt and get rid of the highest interest payments first. Once you can get to the point where you don't have to finance doesn't mean you shouldn't - Sometimes the incentive to finance is cheaper in the long run if you have good investment returns.

davisenvy wrote:
It is an LBZ with tons of upgrades. Titan 60g tank, turbo brake, airbags and some other goodies. My tax man told me I needed a new truck and I'm just not sure. I'm open to the idea of a new truck, but I really like the truck I have.

Tough call. Just don't go drive a new LP5 Dmax unless you want to be breaking out the check book! They're very nice.
Hard to beat a LBZ though. Good news is because of that, they fetch more $ on the used market than they should. If it's Cherry and lower miles youll be pleasenty surprised how much of a down payment it will make on a new one.

Bedlam wrote:

Bionic Man wrote:
The new trucks are a LOT nicer than they were 10 years ago. In that regard, I don't think you would regret it.

But that usually brings along a new truck payment, which isn't as nice.

I am happy that I went from my 03 RAM to my 12 a few years ago. And I am even happier that my last payment is in the very near future. My truck is a dedicated tow vehicle, and is mostly used in the summer. It will be a long time before I trade up again. If it was a DD, I would possibly be more motivated to do it again.

Continue putting money away as if the payments never stopped. The next time you are ready to buy a vehicle, you will have cash and not pay all that interest on the loan. My last truck payment was in 1993 and my last car payment was in 2008 (due to a zero down 1.9 percent financing deal while I was banking at 4 percent).

That might work for some, but it does not make sense to me. If I were going to do that, I would just continue trading up to a new truck when the payment ends. No, I will take the money and pay off my car in the next year, then the money will go to house payments.

Inegated towing meaning integrated trailer brakes and anti sway.

It has 130k mi, not lifted, but has chrome h2 wheels, Metallic gray, EFI Live DSP2, Airbags, 4in MBRP exhaust w/down pipe,Air aid CAI, and owned my an OCD individual. Zero door dings or scratches.

I know you don't spend money to make money, but being a business owner I get tired of paying thousands in taxes when I could put it into something of mine.