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Old 08-13-2013, 08:43 PM
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To sell, or not to sell?

Hey guys! Young guy looking for some wisdom.

The truck has seen better days and I am tossing around the idea of jumping ship....

I am looking for some advice and suggestions.... should I sell?
my option would be...

1.) sell, make small down payment on newer truck (2008 ish F250 extended cab), and invest the rest of the cash from the old truck and make payments.
2.) sell, dump all cash into large down payment, make payments after that.
3.) fix the truck and keep it for another 100k+ miles.

Here is my situation:
-Truck in my signature (2002 F350 7.3L, 4x4 crew cab)
-Truck is payed off
-166k miles
-tranny is on its way out (its loud and searches on the highway)
-up pipes need to be replaced
-I just graduated college and got a sweet new job (im a mechanical engineer)
-I have very little financial responsibilities, no student loans.
-I commute about 45 miles daily, ill be honest, commuting in my F350 is already starting to get old.
-I spend about $175-200 on gas a month.

What I need in a vehicle:
-To be able to tow a ~10k lb boat regularly and comfortably.
-If I am towing I want diesel.


So, what do you guys think!?
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  #2  
Old 08-14-2013, 07:36 AM
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Fix it and buy a car or something else to commute with. A Ford HD Tranny is about $2k + labor, up pipes aren't very much.

Driving your commute won't really get any better with a newer truck- mpg's will be less but the ride will be a little nicer.

Which is why I'd just buy a car to drive to and from and retire the truck to tow/haul duties.
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Old 08-14-2013, 07:40 AM
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Fix the truck. Buy a vw TDI. 55mpg even in the older passats.

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Old 08-14-2013, 06:28 PM
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^^^What they said. Fix it and buy a beater or diesel car for commute.
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