Truck has shipped, should I buy it? (Based on the enclosed math)

[badMotorist]

I haven't decided if I'm taking ownership because I need to play the numbers game.

The current numbers:
- Forester monthly loan: $295 (3 months in, 2018 XT with 16k miles)
- Forester monthly gas: $170 (93 octane (lower octane gets worse MPG)+22 MPG; based on local gas prices)
- Forester monthly total: $465

The numbers I want to make work (assuming negative equity, APR, etc. works out:
- Maverick monthly loan: $375
- Maverick monthly gas: $90 (87 octane+35 MPG (average from Fuelly users); based on local gas prices)
- Maverick monthly total: $465

Additional info:
- Same financed length of time, so our monthly budget would be the same (plus 3 months)
- I realize my financed amount would be more overall; I'm okay with that since it's a long-term vehicle (hoping for 10yrs+)

Are there any other factors I'm missing IF all the numbers line up like above?

TL;DR:
- If monthly loan+gas from Maverick = monthly loan+gas from Forester, should I buy the Mav?

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[Clarkdonbran]

That’s a tough decision. I really like the regenerative braking in the hybrid vs. an ICE only because I feel more in control and brake much less. Also, gas prices are not going down long term so you might save more with the Mav.

 

[Hunters Edge]

I think it depends on many things only you can answer depending on preference. Ride, handling etc.. also you didn't figure in maintenance cost, repairs and resale value. No one can determine resale value but at the end of your loan you have a 10 yr old vehicle vs a 4 yr old Maverick if you have a 48 month loan. The 2018 when will it be out of warranty compared to the 2024 Ford Maverick it depends if you get the ecoboost vs hybrid.

The 2024 Ford Maverick Hybrid has a three-year/36,000-mile limited warranty, a five-year/60,000-mile powertrain warranty, and an eight-year/100,000-mile warranty for its hybrid components. The hybrid/electric unique components warranty protects the battery and drivetrain from defects.

Just keep in mind the 2018 how old are the tires, exhaust, battery etc that will need replaced eventually on both vehicles.

Honestly it really depends on what you want to own and what you want to buy. Another cost is the difference on insurance that should be considered as well.

 

[Bilbo_B]

Fuel use depends upon driving factors of course. If you're doing a lot of freeway ore even country road driving, as I do, then your gas mileage may reach 35MPG if it's the 2.0L all-gas. The Hybrid version may actually be lower in that situation.

 

[Hot Runr Guy]

6 year old vehicle vs brand new w/warranty?

HRG

 

[rad32]

The length of the loan is the same? If so I’d go with the Maverick depending on the negative equity situation with the forester. You gotta think what will you want to be still driving at the end of the loan? Potentially a 10 year old heavily out dated Forestor or a 4 year old Maverick?

 

[Hockeyfish11]

I haven't decided if I'm taking ownership because I need to play the numbers game.

The current numbers:
- Forester monthly loan: $295 (3 months in, 2018 XT with 16k miles)
- Forester monthly gas: $170 (93 octane (lower octane gets worse MPG)+22 MPG; based on local gas prices)
- Forester monthly total: $465

The numbers I want to make work (assuming negative equity, APR, etc. works out:
- Maverick monthly loan: $375
- Maverick monthly gas: $90 (87 octane+35 MPG (average from Fuelly users); based on local gas prices)
- Maverick monthly total: $465

Additional info:
- Same financed length of time, so our monthly budget would be the same (plus 3 months)
- I realize my financed amount would be more overall; I'm okay with that since it's a long-term vehicle (hoping for 10yrs+)

Are there any other factors I'm missing IF all the numbers line up like above?

TL;DR:
- If monthly loan+gas from Maverick = monthly loan+gas from Forester, should I buy the Mav?

I think you are understating your mpg. I’m averaging 42

 

[Superg0]

I don't do math very good, so I'm lost

 

[Ozarkbeard]

If your Forrester only gets 22, you must do a lot of city driving. Or you have a lead foot. IF mostly city driving, you should get much better than 35mpg in the Hybrid. And probably mid-30s all highway. I usually get mid to upper 40s (often low 50s) in city driving using Slippery mode. And that's running A/C. I get less mpg in winter using the heater, which causes the gasoline engine to run more. YMMV

TL;DR, Personally, I would probably just keep the Forrester and pay it off. Not having a car payment will buy a shitload of gasoline.

 

[Sykotyk]

I think you're greatly underestimating possible mpg. You need to know how you drive and if you want to play the game of "can I improve my mpg" in the hybrid.

If you do a lot of city driving the maverick will blow it out of the water. If you do nothing but 75mph freeway driving you might average 35. It's all about being aware of the power output.

Whatever you think about getting and driving a hybrid you're probably not imagining it right.

As for your comparison they're based on your current fuel prices. What if prices go up? The maverick can be manipulated into much better fuel economy. The forester will be stuck where it is. And why be attached to a vehicle that NEEDS 93 octane?

 

[tom_tucker]

Math aside, I would not be happy filling up my old Forester XT in Florida. It's generally a northern car with the AWD. Plus the tiny trunk. Loved the Subie turbo, but don't miss it with the roof box and 91 octane gas guzzling.

 

[Optimus]

I would expect much better fuel economy, especially in Florida year-round. We bought our ‘23 hybrid in October and have 40mpg total average after 6000 miles and one Minnesota Winter taking up most of that. Our current tank is 44mpg now that we hit warmer temps in summer. Cold temps = lower fuel economy. Many here report even better results.

I guess I’d be factoring in whether you need a pickup vs. SUV too?

 

[Hunters Edge]

If your Forrester only gets 22, you must do a lot of city driving. Or you have a lead foot. IF mostly city driving, you should get much better than 35mpg in the Hybrid. And probably mid-30s all highway. I usually get mid to upper 40s (often low 50s) in city driving using Slippery mode. And that's running A/C. I get less mpg in winter using the heater, which causes the gasoline engine to run more. YMMV

TL;DR, Personally, I would probably just keep the Forrester and pay it off. Not having a car payment will buy a shitload of gasoline.

He is only 3 months in of his loan for the 2018 Forester. The op didn't post how long the loan is on either the 2018 Forester compared to the 2024 Ford Maverick.

 

[Ozarkbeard]

He is only 3 months in of his loan for the 2018 Forester. The op didn't post how long the loan is on either the 2018 Forester compared to the 2024 Ford Maverick.

Thanks. I overlooked that.

 

[2lbgill]

I haven't decided if I'm taking ownership because I need to play the numbers game.

The current numbers:
- Forester monthly loan: $295 (3 months in, 2018 XT with 16k miles)
- Forester monthly gas: $170 (93 octane (lower octane gets worse MPG)+22 MPG; based on local gas prices)
- Forester monthly total: $465

The numbers I want to make work (assuming negative equity, APR, etc. works out:
- Maverick monthly loan: $375
- Maverick monthly gas: $90 (87 octane+35 MPG (average from Fuelly users); based on local gas prices)
- Maverick monthly total: $465

Additional info:
- Same financed length of time, so our monthly budget would be the same (plus 3 months)
- I realize my financed amount would be more overall; I'm okay with that since it's a long-term vehicle (hoping for 10yrs+)

Are there any other factors I'm missing IF all the numbers line up like above?

TL;DR:
- If monthly loan+gas from Maverick = monthly loan+gas from Forester, should I buy the Mav?

Prior to my present probably last one, I leased my Fords for years because the cost of leasing, buying or saving money is pretty much the same $ amount/month but when you lease you don't have to worry about warranty's etc. By leasing a vehicle my dealer once told me that they owned the vehicle and any problems were their problems.

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