Posted by
Message
geauxcats10
LSU Fan
AP
Member since Jul 2010
4021 posts

What to do with my F-250?
I have a 2006 F-250 6.0 diesel with 220,000 miles on it. It has been bulletproofed and except for a few knick knack things that needed to be fixed, it has been a great truck for me.

After just browsing around on Kelly Blue Book, it tells me my truck is worth about $5-$7k trade in and around $7-$8k private party. That has me wondering what I should do with it?

Should I trade it in now and get some equity back out of it? (I don't think that anyone would buy it private party as it has some quirky things that old trucks usually have with them, it also needs a new rear bumper and it has a big paint gouge on one of the doors).

Vehicles don't seem to be getting any cheaper and I would hate to drive it to 300,000 miles and it bomb out and then its worth nothing on trade in.

On the other hand I despise vehicle notes and would love to make it 500k miles on it.


Not sure on what to do? What say the OB?


ItzMe1972
Member since Dec 2013
2758 posts

re: What to do with my F-250?
Doesn't sound like it would cost you much on depreciation to continue driving it.


farad
LSU Fan
Baton Rouge, LA
Member since Dec 2013
3359 posts
 Online 

re: What to do with my F-250?
put some money into it and bring her back...
you could probably put the equivalent of a 5 or 6 new truck notes on it and have it looking and running like a classic...
then run it for another 250K miles...


Replies (0)
Replies (0)
140
jimbeam
USA Fan
University of LSU
Member since Oct 2011
56866 posts
 Online 

re: What to do with my F-250?
Keep driving it.


td1
Member since Oct 2015
458 posts

re: What to do with my F-250?
I traded in a 06 with 185,000 and got 15,000 in '17. What trim level and options does it have / condition? Sounds low to me. What zip code too? Also I would check with a few dealers to see what they would give you in trade. Some local markets will fetch higher prices than others.

They sold mine on the used lot for 17,500 three days after my trade. That's the reason I think your KBB value might be a little low.


Bow08tie
LSU Fan
Louisiana
Member since Oct 2011
1522 posts

re: What to do with my F-250?
Drive it to Houston and park it...highly likely it will be stolen within 12 hrs


Replies (0)
Replies (0)
130
bigbuckdj
LSU Fan
Member since Sep 2011
897 posts

re: What to do with my F-250?
Recovering equity to go buy something else that’s gonna depreciate faster is rarely the answer. If you’re going to buy something else that’s worth more, it’s also going to be dropping in value faster. I’m in a similar situation, I’ve just decided I’ll drive it til it explodes or delay buying something newer until I can’t stand it. I think the functioning but old part of the depreciation curve on a full sized truck is about the only time it’s not burning a hole in your wallet.


Replies (0)
Replies (0)
40
geauxcats10
LSU Fan
AP
Member since Jul 2010
4021 posts

re: What to do with my F-250?
quote:

td1



quote:

What trim level and options does it have / condition?


It is the lariat, crew cab fx4, 4" superlift lift kit. 35" toyo open country m/t


The tailgate is dented from hooking up to a gooseneck
The bumper is caved in from backing into a pole
There is a large paint gouge on the rear passenger door from a sheet metal screw.

Other than those problems it's fine.


It runs great and has plenty of power thanks to the LOONEY TUNE WILD by Vivan tune it has.


Replies (0)
Replies (0)
00
plazadweller
Auburn Fan
South Georgia
Member since Jul 2011
9069 posts

re: What to do with my F-250?
Seems like the days of getting any money back out of it are long gone. I have a 2008 Duramax with 180K and I’m going to drive it until the wheels fall off.
This post was edited on 4/25 at 5:03 pm


Replies (0)
Replies (0)
61
Chad504boy
New Orleans Saints Fan
Member since Feb 2005
134067 posts

re: What to do with my F-250?
You’ll take a 6k depreciation hit driving anything off of a car lot.


Replies (0)
Replies (0)
40
FournetteForEver7
Member since Nov 2015
1891 posts

re: What to do with my F-250?
quote:

Keep driving it.



If its a good truck keep driving it unless you wanna be 50k+ into a new truck


Replies (0)
Replies (0)
00
Hammertime
UNO Fan
Will trade dowsing rod for titties
Member since Jan 2012
43023 posts

re: What to do with my F-250?
If it's only worth that much, drive it until it dies. No big deal, and you don't have to haggle with anyone.

A dealership will probably offer you much less than it's worth on KBB, and it's worth more than that to have a working, paid for vehicle


Replies (0)
Replies (0)
10
LSUwag
LSU Fan
Florida man
Member since Jan 2007
13664 posts

re: What to do with my F-250?
Fix it up and drive it up til it’s dead. Car payments suck.


cajuncarguy
On the road...Again!
Member since Jun 2013
2224 posts

re: What to do with my F-250?
quote:

Fix it up and drive it up til it’s dead. Car payments suck.


Yeah. do this and then start putting $ every month in savings for the day in few years when you are ready.


Replies (0)
Replies (0)
10
RingLeader
LSU Fan
Slidell, LA
Member since Jan 2007
873 posts

re: What to do with my F-250?
Truck nuts is the obvious answer.

quote:

Seems like the days of getting any money back out of it are long gone. I have a 2008 Duramax with 180K and I’m going to drive it until the wheels fall off.


Same. 08 duramax. 197K probably more as I’ve been running 285 55 r20 for most of its life. With cost of a new on stupid high I’m in it for the long haul. If I had half a brain I’d do a dpf delete and make lots of things better.
This post was edited on 4/25 at 7:57 pm


DTRooster
LSU Fan
Dtown, La
Member since Dec 2013
4402 posts
 Online 

re: What to do with my F-250?
May I suggest fire, a big one


Replies (0)
Replies (0)
00
BayouRat15
New Orleans Saints Fan
DAUPHIN ISLAND,AL
Member since Jan 2004
7762 posts

re: What to do with my F-250?
I told yall we need a buy/sell board on here lol


Replies (0)
Replies (0)
30
plazadweller
Auburn Fan
South Georgia
Member since Jul 2011
9069 posts

re: What to do with my F-250?
I’m going to do it when I find some who can help me. There are some bolts up against the firewall that are difficult to get off if you have some miles in the truck. It’s a lot more time consuming than Fords which is why I haven’t done it.
This post was edited on 4/25 at 8:58 pm


Replies (0)
Replies (0)
00
TU Rob
Troy Fan
Birmingham
Member since Nov 2008
9907 posts

re: What to do with my F-250?
Is it white? Is there a body of water near you?


geauxcats10
LSU Fan
AP
Member since Jul 2010
4021 posts

re: What to do with my F-250?


Replies (0)
Replies (0)
00
first pageprev pagePage 1 of 2next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram