Forum Discussion
huntram
Nov 30, 2017Explorer
4x4ord wrote:
The way I'm looking at it is like this:
If I keep my current truck it will likely only be for 4 more years. At that time it will likely cost me about 45k to upgrade. If I upgrade now for 16k and again in 4 years for 32k I will have put out $48000 total over the next 4 years....not a big difference one way vs the other. Likely if I do it now I won't do it again for more like 6 years so it could end up being very close to a wash one way vs the other.
So in July 2014 I totaled my 2004 2500 Laramie CTD Dodge. Agree that it is an insurance payoff, not a trade-in but I got $24K for a 10 year old 3/4 ton. I negotiated for a 1 ton dually with Aisin transmission Laramie. Long bed crew cab. $65k down to $52k after rebates. $52-24=$28k loss in 10 years. $2.8K per year. Nowhere near $15k per year loss!
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