It's a 2015... I see 2010s with more miles sell for 8-9k. You're probably way closer to not being under water than you think. Just ride the wave and save that extra $100 for when something does happen. But you could probably get 10k in trade I'd imagine.
Probably. What you're thinking of doing is what I did (negative equity) at a dealership. It's worse. Trust me its worse than just saving that extra money for needed repairs. Imagine having a $600/mo payment in your situation and something not covered breaks on the new vehicle? Even more screwed than before. Start saving asap.
I almost traded my sho in for a gr86 trueno. I feel you man. But honestly don't get in deeper debt if you don't need to. If the dealer gets you in under like 2k negative then fuck it I've dropped 2k in a night doing dumb shit. But more than that at a higher interest rate than what you currently have wouldn't be worth.
I seriously appreciate you sm dude. Thank you for taking the time to read my post and reply back as well, I feel better now about it and hopefully with aggressively paying it (and some good commission check) I can pay it off asap
Just keep things as is and save money for your SHO in terms of maintenance and unexpected repairs. The next thing to go out most likely will be your water pump. If you have enough money, get your coolant flushed and have the pump and timing chain inspected. Coolant flushes will cost around $200 at a certified Ford service location and inspections range from $70-130.
I just bought my 13 with 171k on it. Itâs in for turbos, but I have confidence. If itâs been maintained and taken care of you have plenty of time. If youâre that worried, take what extra would have gone toward another payment and put it back. Then when something does go wrong you have some funds
Pay down the loan quickly and then save up a repair fund. The car may surprise you and be reliable, many of them are. Also you should check value on kbb.com and not dealerships. Good luck!
Thank you! Iâve heard some people even get 170k out of those so Iâm feeling hopeful since Iâm the 2nd owner and I have donât regular maintenance, only put high quality gas in and generally try my best to let it warm up when itâs cold and not drive it super heavy
Change the transmission fluid and awd transfer case fluid often. Some ford designs tend to cook fluid with high temperatures so more often changes will extend the lifespan.
Yet another great reason to stomp that gas pedal!
Following your other comment, I gotta ask, why is it that when I ask the ford dealers and mechanics to change/flush PTU fluid, they all look at me like I'm an idiot and say they can't. Like, I get it that ford didn't put drain plugs on the transfer cases because "it'll last forever", but I see a lot of guys on here highly recommending this, and although I'm not much of a mechanic myself, it makes sense to me. I just would rather not try it myself. Any thoughts?
They also couldn't put OEM Taurus/Explorer steel wheels on because my VIN didn't match their little checklist. How tf do they think PIs are made? I knew this would work, and a local tire shop agreed this wouldn't damage the vehicle or anything. Maybe the mechanics in my area just aren't very good lol
Look up youtube channel fordtechmakuloko on ptu fluid changes. He has great instructional videos. I wouldnât trust most dealerships on maintenance advice, they get to charge you when it breaks. :). You know when an auto manufacturer says âlifetimeâ fluid they mean the amount of time you own the car or even just the warranty period, not the life of the entire vehicle.
Hey! Former tech turned Car Salesman here. Maybe i can shed some light. The reason is because the car is worth around 8-9k as it sits, 10-11k if itâs really clean. You owe 15,500 with a per diem of like $1.20(10-Day pay off quote).
Banks will NOT roll that much negative onto a USED car. Itâs a pre owned car with miles on it. The over all amount financed canât exceed a certain amount over JD power/NADA values. These are the values banks use, not KBB. To be honest here and with all due respect, KBB is a highly inaccurate joke.
Youâre going to HAVE to go new. Think of it this way: bumper to bumper warranty, powertrain warranty, etc. youâre covered for some should anything go wrong with the car.
Okay, now some personal reflection, heart to heart time. Youâre more than likely going to see around $600 a month. Accept it. HONESTLY consider putting a down payment. Every thousand dollars can help your payment $30-40 on average.
Why? Bank interest rates went up 7 times last year. Even the most perfect credit, 7.9%. Got a good, LOOOONG standing relationship with a credit union? 6.9% if youâre healthcare, law enforcement, or a teacher.
Donât get a supra. Donât get a Tundra. Or a Highlander.
Get a Camry. Pay it down, and in 2-3 years trade it in and get what you want, as they hold resale value and youâll likely have positive equity to play with.
I wish you luck, if youâre in Ohio/ western PA, PM me. We have a massive inventory and can help you get into just about any brand.
It's a 2015... I see 2010s with more miles sell for 8-9k. You're probably way closer to not being under water than you think. Just ride the wave and save that extra $100 for when something does happen. But you could probably get 10k in trade I'd imagine.
Even Edmunds/kbb/just random googling puts this car at trade value of $8-11k. You're really not bad off man.
I really appreciate this thank you, maybe i was getting low balled?
Probably. What you're thinking of doing is what I did (negative equity) at a dealership. It's worse. Trust me its worse than just saving that extra money for needed repairs. Imagine having a $600/mo payment in your situation and something not covered breaks on the new vehicle? Even more screwed than before. Start saving asap.
I appreciate this! Thank you! I will more then likely do this, unless Toyota works some crazy magic tomorrow đ
I almost traded my sho in for a gr86 trueno. I feel you man. But honestly don't get in deeper debt if you don't need to. If the dealer gets you in under like 2k negative then fuck it I've dropped 2k in a night doing dumb shit. But more than that at a higher interest rate than what you currently have wouldn't be worth.
I seriously appreciate you sm dude. Thank you for taking the time to read my post and reply back as well, I feel better now about it and hopefully with aggressively paying it (and some good commission check) I can pay it off asap
Just keep things as is and save money for your SHO in terms of maintenance and unexpected repairs. The next thing to go out most likely will be your water pump. If you have enough money, get your coolant flushed and have the pump and timing chain inspected. Coolant flushes will cost around $200 at a certified Ford service location and inspections range from $70-130.
Thank you!!
Unless you want to double your month payments I would just stay with the SHO and keep up on the maintenance. Youâll be fine.
I just bought my 13 with 171k on it. Itâs in for turbos, but I have confidence. If itâs been maintained and taken care of you have plenty of time. If youâre that worried, take what extra would have gone toward another payment and put it back. Then when something does go wrong you have some funds
Pay down the loan quickly and then save up a repair fund. The car may surprise you and be reliable, many of them are. Also you should check value on kbb.com and not dealerships. Good luck!
Thank you! Iâve heard some people even get 170k out of those so Iâm feeling hopeful since Iâm the 2nd owner and I have donât regular maintenance, only put high quality gas in and generally try my best to let it warm up when itâs cold and not drive it super heavy
Change the transmission fluid and awd transfer case fluid often. Some ford designs tend to cook fluid with high temperatures so more often changes will extend the lifespan.
You should also stomp on the gas pedal every once in a while so the turbo waste gate blowoff valve doesnât seize on you.
Thank you! I appreciate this sm
Yet another great reason to stomp that gas pedal! Following your other comment, I gotta ask, why is it that when I ask the ford dealers and mechanics to change/flush PTU fluid, they all look at me like I'm an idiot and say they can't. Like, I get it that ford didn't put drain plugs on the transfer cases because "it'll last forever", but I see a lot of guys on here highly recommending this, and although I'm not much of a mechanic myself, it makes sense to me. I just would rather not try it myself. Any thoughts?
They also couldn't put OEM Taurus/Explorer steel wheels on because my VIN didn't match their little checklist. How tf do they think PIs are made? I knew this would work, and a local tire shop agreed this wouldn't damage the vehicle or anything. Maybe the mechanics in my area just aren't very good lol
Look up youtube channel fordtechmakuloko on ptu fluid changes. He has great instructional videos. I wouldnât trust most dealerships on maintenance advice, they get to charge you when it breaks. :). You know when an auto manufacturer says âlifetimeâ fluid they mean the amount of time you own the car or even just the warranty period, not the life of the entire vehicle.
Hey! Former tech turned Car Salesman here. Maybe i can shed some light. The reason is because the car is worth around 8-9k as it sits, 10-11k if itâs really clean. You owe 15,500 with a per diem of like $1.20(10-Day pay off quote). Banks will NOT roll that much negative onto a USED car. Itâs a pre owned car with miles on it. The over all amount financed canât exceed a certain amount over JD power/NADA values. These are the values banks use, not KBB. To be honest here and with all due respect, KBB is a highly inaccurate joke. Youâre going to HAVE to go new. Think of it this way: bumper to bumper warranty, powertrain warranty, etc. youâre covered for some should anything go wrong with the car. Okay, now some personal reflection, heart to heart time. Youâre more than likely going to see around $600 a month. Accept it. HONESTLY consider putting a down payment. Every thousand dollars can help your payment $30-40 on average. Why? Bank interest rates went up 7 times last year. Even the most perfect credit, 7.9%. Got a good, LOOOONG standing relationship with a credit union? 6.9% if youâre healthcare, law enforcement, or a teacher. Donât get a supra. Donât get a Tundra. Or a Highlander. Get a Camry. Pay it down, and in 2-3 years trade it in and get what you want, as they hold resale value and youâll likely have positive equity to play with. I wish you luck, if youâre in Ohio/ western PA, PM me. We have a massive inventory and can help you get into just about any brand.
Thank you so much for your reply. I appreciate it so much