Agreed...sort of. Probably need to get the Mrs. on board with my thought process.
As I said, I posted it mostly to see if it would help anyone else work through it too.
That's what I said about the MY22 Maverick, but then the screen, paint color, and steering wheel got me. And that's what I'm saying about this one...until they come out with a plug-in Hybrid.
Agreed.
Agreed. I'm not sure I'll sell to Carvana, Carmax, or Ford or if they'll still give me $25,400 in a few months, BUT this at least gives me an idea of what to expect when the time comes.
I'm going through a similar mental exercise now. My 2022 ECO AWD LUX 360 HPR was $30,500 OTD. I priced the same as a 2025 and it's $35,200 OTD. My calculations...
$35,500 purchase price - minimal taxes because of a closely valued trade.
- My personal incentives for buying...
- -1,000 new tires I won't have to buy. (mine are almost toast) checked with Tire Rack
- -1,000 value of the new tech to me personally
- -1,000 value of restarting the 3 year warranty to me personally (based on past Ranger ownership experience - upkeep costs real money once the warranty is gone)
- -2,000 my personal allowance for 27,000 miles (two years) of depreciation
- - 500 military discount if still offered
- - ?? future ford incentives ?? I'm ready to wait for them to appear this winter.
So $5,000 or so is the difference I'm willing to pay for the trade. Less is better. So I'll simply call my dealer, Carvana offer in hand, and (without sharing the info above) see if he can get me in a 2025 Maverick for at or less than $5,000. Any more than that - not worth my trouble. I'll wait for better sales conditions, which I think are coming.
Not saying my approach is right for everyone. It's just right for me. I'm a spreadsheet kind of guy.
BTW, I laugh when the media guys (or MTC members) talk about list prices - while leaving out the $2,000 in delivery and fees Ford charges. What a laugher.
Edit: After checking my Carvana offer, I don't think my numbers add up. Carvana is only offering $25,400 for my pretty mint, pretty loaded Maverick. $10,000 to upgrade to a 2025? No thanks. I'll double check that trade with my dealer and a few other sites, but Maverick resale values seem to be plummeting in my area.
Congratulations! That was well thought out. I'm selling or trading my '24 Lariat with only 1200 miles for the new model with much less rationale... SEE-LIKE-BUY!!!Years ago I developed a belief: if you have to justify something (to yourself or others), you probably shouldn't do it. Anytime I say that to someone, the knee jerk response is something like, "I don't think that's true" or "Really? why?", or "That's nonsense." But if you think about it, most times it's true.
I've wrestled with "Should I trade my MY22 school bus yellow/orange XLT Hybrid w/ 35k miles on it for a MY25 XLT Hybrid w/ the luxury package. The '25 will cost about $34k out the door, and Carvana said they'd give me $25,400 for my '22. A $7,600 difference. Now for the justification.
Since I now buy half as much gas with a hybrid, I've taken $45 every other week for 2 years and sent it to my investment account. It's now worth about $6,000. That money was going to be for when I needed repairs after the warranty, but I can use it for the new truck and reset the bumper to bumper warranty. That means I'll finance an additional $1,600 for 3 years (an extra $50/month). But that might be less with interest rates coming down next month.
Plus, I get a larger screen (which I've been wanting for 2 years), Synch4, a heated steering wheel, and a brand new truck with a 3 year warranty. Lastly, the old adage is "Don't buy the 1st year of a new model, because the reliability (both short & long term) are unpredictable. My Maverick has been great through 35k miles, but what about once it's out of warranty? No telling.
I put all this in writing to see if it all made sense on paper...of course it makes sense in my head.
I almost deleted this, because I've made my decision and placed the order. Putting it in writing solidified it makes sense to me logically. But I'm curious what everyone else thinks about either my belief about justifying something or my thoughts on "trading" a MY22 for a MY25. Maybe your thoughts will help someone else struggling with this dilemma.
The main attractions are front camera and Sync 4, plus a few minor attractions.
I like the green!Well there isn’t a better color available
Same here. You won't touch the 2025 Lariat optioned as it is for under $50K in a couple years as a new truck. Which makes driving this one virtually "free" if you don't tear it up.
You know it was not the right decision when you wrote a justification post.Years ago I developed a belief: if you have to justify something (to yourself or others), you probably shouldn't do it. Anytime I say that to someone, the knee jerk response is something like, "I don't think that's true" or "Really? why?", or "That's nonsense." But if you think about it, most times it's true.
I've wrestled with "Should I trade my MY22 school bus yellow/orange XLT Hybrid w/ 35k miles on it for a MY25 XLT Hybrid w/ the luxury package. The '25 will cost about $34k out the door, and Carvana said they'd give me $25,400 for my '22. A $7,600 difference. Now for the justification.
Since I now buy half as much gas with a hybrid, I've taken $45 every other week for 2 years and sent it to my investment account. It's now worth about $6,000. That money was going to be for when I needed repairs after the warranty, but I can use it for the new truck and reset the bumper to bumper warranty. That means I'll finance an additional $1,600 for 3 years (an extra $50/month). But that might be less with interest rates coming down next month.
Plus, I get a larger screen (which I've been wanting for 2 years), Synch4, a heated steering wheel, and a brand new truck with a 3 year warranty. Lastly, the old adage is "Don't buy the 1st year of a new model, because the reliability (both short & long term) are unpredictable. My Maverick has been great through 35k miles, but what about once it's out of warranty? No telling.
I put all this in writing to see if it all made sense on paper...of course it makes sense in my head.
I almost deleted this, because I've made my decision and placed the order. Putting it in writing solidified it makes sense to me logically. But I'm curious what everyone else thinks about either my belief about justifying something or my thoughts on "trading" a MY22 for a MY25. Maybe your thoughts will help someone else struggling with this dilemma.
Y. O. L. OYears ago I developed a belief: if you have to justify something (to yourself or others), you probably shouldn't do it. Anytime I say that to someone, the knee jerk response is something like, "I don't think that's true" or "Really? why?", or "That's nonsense." But if you think about it, most times it's true.
I've wrestled with "Should I trade my MY22 school bus yellow/orange XLT Hybrid w/ 35k miles on it for a MY25 XLT Hybrid w/ the luxury package. The '25 will cost about $34k out the door, and Carvana said they'd give me $25,400 for my '22. A $7,600 difference. Now for the justification.
Since I now buy half as much gas with a hybrid, I've taken $45 every other week for 2 years and sent it to my investment account. It's now worth about $6,000. That money was going to be for when I needed repairs after the warranty, but I can use it for the new truck and reset the bumper to bumper warranty. That means I'll finance an additional $1,600 for 3 years (an extra $50/month). But that might be less with interest rates coming down next month.
Plus, I get a larger screen (which I've been wanting for 2 years), Synch4, a heated steering wheel, and a brand new truck with a 3 year warranty. Lastly, the old adage is "Don't buy the 1st year of a new model, because the reliability (both short & long term) are unpredictable. My Maverick has been great through 35k miles, but what about once it's out of warranty? No telling.
I put all this in writing to see if it all made sense on paper...of course it makes sense in my head.
I almost deleted this, because I've made my decision and placed the order. Putting it in writing solidified it makes sense to me logically. But I'm curious what everyone else thinks about either my belief about justifying something or my thoughts on "trading" a MY22 for a MY25. Maybe your thoughts will help someone else struggling with this dilemma.
Mike, I think you've made a well thought out decision that will most likely work well for you.
