Got a Question for you all. Due to my new house purchase. The financing lady says if I can get rid of my truck I can get a better interest rate. So after consulting My Wife and My Dad I have decided to give it a try. My question for you guys is, What do you think it is worth? Real world Dollars now. Not KBB. But what would be a good asking price.

Stats:

2004 Ford Ranger FX4 Level II
5spd Manual
All stock suspension.
Dual Exhaust with stainless steel tips
Leer fiberglass topper I paid 1600 for last fall. Carpeted headliner and built in storage box.
Access tonneau cover.
Class III hitch.
40,000 miles
New brakes all around.

 

A second thing to consider two is. Once I close on the house I am going to buy another truck. Should I,

A: Keep the Tonneau cover and topper and buy a new 06 or 07 Ranger in the same color or

B: Buy a used full size

Thanks and have a great day!
~John

 

Why would you get a better interest rate on the house because you sold your truck?

Sell it to a friend, buy the house, and then buy it back.

 

Why not just transfer the truck over into your dads name long enough to get the lower intrest rate then transfer it back?

 

They go through your revolving debt and then base it off what you made last year. Last year I was still working on other projects. so I made a lot less than I will this year. I can get a regular loan and they can take my future earnings into account. But The interst rate would be a point Higher. So it would be a significant increase in monthly payment just to lin the banks pockets.

That's an Idea, I will leave that open as an option, But I really don't have a lot of buddies with that kind of pull Plus I kind of want a new truck any way. I get bored after two years.

~HJ

 

i would trade you trucks but i still owe to much on mine!! if you do get rid of it i would like to grab that shifter out for ya.

 

get a used 2004 screw f150 fx4..put the autospring levling kit on it, put 35" bfg muds, do some i/e/chip and strip all the exterior crap, alarm, tint and you are set. should run you about 25k for a truck like that IIRC

or get a chebby, for a little cheaper, and BL w/ 35's..either way, shweet setup

 

IMO, If i had the money, I'd buy it for 16-17k. But I'm kinda skewed, i only bought mine for 10.5k w/ 37k on it. Your truck is the perfect truck for me, minus the manny transfer case shifter.

 

I am Hoping to get 14K out of it, so that isn't out of the realm of possibility?

 

I'd actually like to pick up a truck like this...to tell you the truth, I owe 14k on my truck...but my truck isn't worth 14k...I owe 14,051 to be exact. It should be 12.5k, but the extended warranty pulled it up. If I was in a good financial situation, I'd help ya out, I like your truck.

 

it should sell at 14K

 

U should be able to get like 18k for it, thats what the insurence company wants to give me for mine and we have basically the same truck.

 

NADA says 20K but I only paid 18 for it new, of course that was with an employee discount. I have it in auto trader now for 15K and we'll see. My 01 I only got 11K for but it had 60,000 miles and the used car market was flat in 04 still.

~HJ

 

I got 14,300 from insurance for my 01 w/ 72k, but they gave me extra for the lift and tires. I paid 15k for my 03 with 28k miles.

 

I'd say 18k, mine was listed at 16k, talked them down and put 5 down and Im paying off about 8k?

 

14-17k. If you still get an employee discount it would be a no brainer to do it. The problem is how soon could you sell it, how long before it showed on the credit report as payed off, and how long would you have to wait on the house closing because of this. If the time frame prevented you from locking in an interest rate and the rates went up, what did you save?

Selling it to a buddy or relative and buying it back would cause TT&L to have to be paid twice.

 

I already locked the interest rate and my house won' t be done till july so I got some time here. With the MHFA loans she can lock it for new construction and back out of it later. So I am guaranteed if I can get my stuff together, I will get that loan. As soon as it is paid off and I have proof, ie Bank receipt. She considers it paid off. If it isn't gone or refinanced by the time my house closes I will have to get a regular loan, no big deal but I am trying to be in a better mortgage position. And I got a spare car to drive for a while. I will take the plow off the explorer. and in the fall I might buy another vehicle. I really want a fullsize and this might be my way into one. oncee I have the loan they can't say nothing on me buying a car.

as far as the friends deal. I really have no friends in the postition to do that. I talked to my folks and with two house payments (They bought a Small house in Texas last year for when they retire) and two of their own car payments they really are tapped now.

My wife's folks have never owed money on a car before. He drive a '85 F150 he bought for $200 so God bless them they really aren't in a position to help. So The more I weigh the pros and cons I think selling is the best solution. I put an ad in auto trader and if it doesn't sell in the next three months, Oh well I will get the regular loan, no harm no foul!

~HJ

 

Sounds like you thought this out. Good luck with it. Where in TX do they plan to retire?

 

THey have a place in Canyon Lake Texas. My Dad Is Minneapolis Police Lieutenant and He has a good buddy that is a Captain in San Antonio Police dept. So they went down there all the time to visit and My parents fell in love with it. They are down there about 8 weeks of the year right now. All they ever talk about is Texas! I have seen pictures and it sure does look beautiful. I think Me and the better half might fly down there next year and check it out.

~HJ

P.S. This is there last trip, and all they do is drink Lone Star and Shiner Bock and have a good time! I get the annual pic of them drinking Lonestar in Luckenbach

 

The town that willie made famous. Good for them. Canyon Lake is between Austin and San Antonio. My in-laws have a time share there. I've been up a time or two. My son is dating a Shiner relative. He went to the Shiners Family Reunion last summer and brought home some homemade Kolaches. I was like- Marry her already! haha.

 

I've been toying w/ the idea of selling myself. I have an '03 w/ only about 35k miles. My truck is not quite spotless though. A few scratches and swirl marks on the outside and a minor stain and such on the interior.

KBB puts my truck in at $15k private sale.. which I think is pretty low.
NADA puts my truck in at $19.3k avg retail.. $16.3 avg trade.

Folks have suggested I start it as high as $18.5k. I figured I'd undercut that by about $500-1000 in the hopes that it would go quickly w/ no muss, no fuss.. Right now I'm thinking $17.5k. Like you, I am in no hurry, so I figure I could probably get it..

Of course I'm after a trade. So I might not sell it privately anyway. I may just go fishing and see what a dealer will give me for it in trade. This way there is zero muss and fuss on my part..

 

Willie AND WAYLON if you please.. give a dead man his props..

 

So who is Rodriguez and why did he steal that goat.

 

I almost traded mine in on an f-350 about a month ago but I figured I better see how this house deal pans out. They offered me 13K for it on trade. Not sure if it is the same around the counrty but that is the going trade rate here.

~HJ

 

John,

Why not just refianance the truck through another institution?

How many more months do you have on the truck loan now? what was the orginal length? what is the interest rate?

What will the new rate be?

The real determining factor is how much interest you will pay on your current loan comapred to what it will be on the new loan.

Buying and selling a new truck will most likely eat up any savings you will get from refinancing.