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re: 2023 F-150 Lariat MSRP at ~$73,000

Posted on 1/7/23 at 11:24 pm to
Posted by clamdip
Rocky Mountain High
Member since Sep 2004
20298 posts
Posted on 1/7/23 at 11:24 pm to
This is tried and true: want to build wealth, avoid having a car payment.

Used car/truck + a solid mechanic == +++much more wealth retention than buying a new vehicle. (Especially a POS Ford)
Posted by fallguy_1978
Best States #50
Member since Feb 2018
52933 posts
Posted on 1/7/23 at 11:27 pm to
quote:

Used car/truck + a solid mechanic == +++much more wealth retention than buying a new vehicle.

It's almost never a good financial decision to buy another vehicle. It's almost always cheaper to fix them. Even if you need a new engine and it's 6k
This post was edited on 1/7/23 at 11:28 pm
Posted by ronniep1
Baton Rouge
Member since Mar 2016
629 posts
Posted on 1/7/23 at 11:32 pm to
Does your truck have the 5.0 V-8? Mine did, and the intake manifold had to be replaced twice in 2.5 years of ownership. It was a nice truck, other than that issue.

After a call to Ford's national customer service center proved to be less than satisfactory, and upon learning that it was a $1,500 repair out of warranty, I traded it for a Chevy.

I hope you have the eco-boost V-6, or that you've never had that intake problem.
Posted by redstick13
Lower Saxony
Member since Feb 2007
40396 posts
Posted on 1/7/23 at 11:34 pm to
We have 2 cars and my work truck. Bought all 3 with cash as I made a commitment not to have a car note when we came back from overseas last time. Now we are getting ready to leave the country again and I’m really happy not to have ridiculous car notes on some vehicles we would be leaving behind.
This post was edited on 1/7/23 at 11:37 pm
Posted by biglego
San Francisco
Member since Nov 2007
82913 posts
Posted on 1/7/23 at 11:38 pm to
quote:

You could option out a XLT to almost Lariat prices but a mid range one was mid 30s. Current prices are nuts in comparison.


They might sticker for low $40s but actual sale price was low or mid $30s. At the Ford dealership on I-10 in Katy I test drove one that was like $42k. This was June 2017. Salesman came right out and offered it for $34k. Similar thing happened with my dad that same year. He got an XLT price down to $32k.
Posted by biglego
San Francisco
Member since Nov 2007
82913 posts
Posted on 1/7/23 at 11:40 pm to
quote:

ETA: I’m referring to the MSRP


Ah, yeah. Absolutely correct. I was talking about walk-out price.
Posted by biglego
San Francisco
Member since Nov 2007
82913 posts
Posted on 1/7/23 at 11:41 pm to
quote:

I can tell you this. I’m currently looking for a used truck 18+ ram or ford and if any truck comes up 30-38k with anything around 40-60k miles it’s gone before the dealer puts pictures online.


It’s nuts and I don’t know how so many people are paying for these. It makes no sense to me.
Posted by redstick13
Lower Saxony
Member since Feb 2007
40396 posts
Posted on 1/7/23 at 11:44 pm to
quote:

It’s nuts and I don’t know how so many people are paying for these. It makes no sense to me.


People either didn’t learn their lesson or weren’t adults yet when the economy crashed in 2007/2008. Americans were carrying massive amounts of debt then too.
This post was edited on 1/7/23 at 11:45 pm
Posted by Chipand2Putts
trembling hills
Member since Apr 2012
1728 posts
Posted on 1/7/23 at 11:53 pm to
quote:

Can no longer fit in our current one with both car seats in the back. There isn’t enough lube for my b-hole.


Repeat after me…
Mini Van
Odyssey or Sienna
These aren’t cheap either, but they are much better value.
I was resistant to buying one, but My wife wanted it, so she got it.
It’s been the best purchase I’ve made in 17 yrs as a husband and 12 yrs as a father.
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
64814 posts
Posted on 1/7/23 at 11:53 pm to
What you got to sell?
Posted by Mr Breeze
The Lunatic Fringe
Member since Dec 2010
6653 posts
Posted on 1/8/23 at 12:31 am to
quote:

They might sticker for low $40s but actual sale price was low or mid $30s. At the Ford dealership on I-10 in Katy I test drove one that was like $42k. This was June 2017. Salesman came right out and offered it for $34k. Similar thing happened with my dad that same year. He got an XLT price down to $32k.

Same with my 2016 GMC SLT, sticker was around $50k sale price was $39k at Beck and Masten in Houston, in August towards the end of model year when I buy cars or trucks. Today, they're around $60k msrp with some models having $4k GMC discounts.

Just read the average F-150 Lightning 2022 vs 2023 price is up 40%, I suppose due to high demand. Despite Ford's CEO recently admitting they're having significant quality issues across the board in all car and truck models, it seems P.T. Barnum was correct.

Been looking for a loaded Toyota Highlander and they can be almost as expensive as a Lexus RX 350. I usually keep vehicles for 7-8 years, 10+ is my new number.
Posted by LSUSkip
Central, LA
Member since Jul 2012
24717 posts
Posted on 1/8/23 at 12:50 am to
quote:

would be painful but maybe we need 14% interest rates again just to reset the bubble from the decade plus of free money and money printing.


Let's do it. I don't plan on financing anything again anyway.
Posted by biglego
San Francisco
Member since Nov 2007
82913 posts
Posted on 1/8/23 at 1:00 am to
I’ve never understood why people shell out extra money just to drive a SUV instead of a minivan. Esp when most SUVs are just minivans with less useful dimensions. Nobody is impressed with your Explorer, mama.
This post was edited on 1/8/23 at 9:07 pm
Posted by Delacroix22
Member since Aug 2013
4537 posts
Posted on 1/8/23 at 1:17 am to
Prices will not come down

Corporate profits were at all time highs this past year

They know they have us by the balls

It isn’t just inflation
Posted by CuyahogaTigerJr
Northeast ohio
Member since Aug 2018
2366 posts
Posted on 1/8/23 at 2:27 am to
I just saw one for over 100k freaking insane
Posted by saderade
America's City
Member since Jul 2005
26219 posts
Posted on 1/8/23 at 2:39 am to
Got my 2016 XLT for 31k plus ttl. Not sure where people are getting these numbers.
Posted by lsubuddy
houma, la
Member since Jul 2014
4934 posts
Posted on 1/8/23 at 2:42 am to
Damn ford aint worth $73
Posted by LSUtoBOOT
Member since Aug 2012
19007 posts
Posted on 1/8/23 at 3:41 am to
quote:

I been looking at Suburbans. For one fully equipped it's almost $90,000. It boggles my mind that regular working folk are paying $1500/month car notes for 72 months.


Posted by GeauxxxTigers23
TeamBunt General Manager
Member since Apr 2013
62514 posts
Posted on 1/8/23 at 4:21 am to
I just don’t understand who is paying that much for a fricking pickup truck.
Posted by Gorilla Ball
Az
Member since Feb 2006
12786 posts
Posted on 1/8/23 at 4:39 am to
Why not buy a used suv. I just purchased a used grand Cherokee for $32,000. People are just nuts
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