Forum Discussion

4x4ord's avatar
4x4ord
Explorer III
Feb 06, 2017

How do you determine how much to spend on a truck?

A young friend of mine just traded his 2016 King Ranch F350 diesel in on a 2017 Lariat. He said they offered him a deal he couldn't refuse. They allowed him $63k for his '16 with 18k miles and it cost...
Tow Vehicles
4x4ord's avatar
4x4ord
Explorer III
Feb 06, 2017
DutchmenSport wrote:

Ask your friend how much of that $63K was applied to the purchase of the vehicle and how much was pay-back to his original loan?


I'm quite certain he doesn't have much equity in the truck. My guess is that if he keeps it for the amortised period it won't be worth much by the time it's paid for.

About Travel Trailer Group

44,030 PostsLatest Activity: Feb 04, 2025