Hey guys its been a while since I've posted but figured I would get back into this. I have a 2010 F150 Lariat - Tuxedo Black that I purchased in July of 2010. The thing has everything in it minus a moon/sun roof, leather, AC/Heated seats, camera, spray-on liner, hard tonneau, towing package, you name it. The truck currently has 30,100 miles on it and I have been contemplating trading it in for a 13'. I currently owe about 18K on it, and wondered what would be the best route of going through with this. A particular dealer I have been looking at has XLT's and FX4's going for around 10,000 under MSRP

They have 96 trucks in stock

http://fcfordquakertown.com/new/Ford...hiladelphia-PA

KBB estimates my truck to be worth around 32K based on a trade, so that would leave me with a net of 14K. Put the 14K towards one of these trucks that are selling in the 32-33K range and I will have the same monthly payment (almost) but with a 2013, and being able to pay it off in the same amount of time! Should I wait until the 14's come out to see if these prices continuously drop? I would really like to have a brand new truck, paying the same monthly payment, and finishing my payment/balance in the same amount of time. Doesn't sound too hard does it?

Thanks!!

Chris

 

You are probably not gonna see some huge price drop from 2013 to 2014 models-there are very few changes for the 2014 model year. Plus I would not be surprised if they did not offer you anything near that $32k number-dont forget they have to resell the truck. And it will be difficult for them to get $34-$35k out of it. You are, IMO, looking at about $30 at best; but probably closer to $28K. Not trying to discourage you, just wanted to shed some light on the situation. Hope this works out for you!

 

Yea i really doubt you would get anywhere close to the 32k trade in.. More like 27 or 28 if your lucky

 

How often do you usually keep a vehicle? And are there any particular reasons why you want a 2013? Other than the new motors.

 

Just sell it private party, your truck year is highly wanted on the used market. New car sales declined in 2009. Lack of vehicles on the market for the past 3 yrs.

 

I have a 2011 F150 Lariat. Only things missing are navigation, sony stereo, trailer brake controller, and tailgate step. I usually trade every 5 years so that puts me right after the 2015 redesign. I went ahead and talked numbers on a 2013 to see about getting my missing options and was offered $31k for my trade. I passed. KBB and Nada had me at $33k-$34k as my truck is immaculate with 16k miles. Hope this helps.

 

This was my first new vehicle purchase....I had a 1999 explorer that I ran into the ground as my first car from when I was 16. Bought the truck when I was 24.

I'm just seeing if this is feasible to do. I didn't know if when the 14's came in and the 13's went into "left over mode" if I could steal one away from them. I love my truck honestly, just was looking for something new while paying the same, and having the same payoff date in a couple summers. (If my truck holds great value) which seems debatable.

 

Well I can guarantee you that your truck holds incredible value right now, especially when compared to other vehicles. I work at a large dealership in Houston and the used F150s that are around 2010+ are still very expensive, too much so in my opinion. And it isn't just us, it's all over. Also, the rebates on new F150s are so high right now, that what you're suggesting/wondering is not crazy. I know that in the south, this is a little more extreme, but I'd imagine it's still a similar situation up in Philly.

If you get an appraisal and a quote on a new truck and crunch all the numbers, and you like what you see, go for it! You very likely will "lose" at least a few thousand dollars, but when you're trading that cost in for swapping from 30k miles down to 0, but it can be worth it. So if once you get all the numbers set in stone and you think it's worth it, that's all that matters

 

Every time I've crunched numbers in Iowa, until the truck is over 4 years old you always 'lose' money on a trade. Even in this market, the bulk of depreciation on a new vehicle happens in year 1, so the closer you are to the year 1 point for a trade, the larger the depreciation affects your net trade number as a percent of overall trade.

 

I don't understand why you'd want to trade in a truck that only has 30,100 miles on it! AFIK there haven't been any significant improvements since 2010 so why do it?

 

I can think of several reasons to trade an 09-10 to new:

1. Fuel economy - I went from 13.5 to 17.2
2. Towing - The ability to lock out higher gears or shift in manual mode, the EB engine, extra clutch packs in transmission, larger front rotors all were substantial improvements
3. Headlights were improved moderately over 09-10's
4. Heated rear window - Great for us snow belt drivers
5. Sync microphone mounted in a better location
6. Driver information display and control - much more informative, let's me track engine hours.

At least those are the ones that pop in my head that have improved my driving/towing experience.

 

I can second this for Iowa. Other than having the title in hand it's the only other reason I typically trade at year 5.

 

Speaking of number crunching, brakes, tires, and etc will probably be due soon too. And since I wrote this i developed a leak into my rear window (looks like the top of the sliding glass or the brake light)....

 

Both the 5.0 and EB should get better mileage than a 5.4, and they both have considerably more power. 2010 was the last year for the 5.4 in the F-150, and it was really starting to show its age.

 

different motors with better mpg is significant.... imo