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

[Hunters Edge]

Thanks. I overlooked that.

No problem figured you missed it. Thought you might want to edit your post, or not?

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[Hunters Edge]

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.

That's not true it's just an alternative in financing. Just like it's your responsibility for insurance, plates, registration etc..Outside of the factory warranty you are responsible and all maintenance exhaust, tires, oil changes, radiator flush etc. unless they offer a maintenance warranty which they have done to move metal. Even then it usually won't cover the whole term of the lease.

 

[Carlitos_92]

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.

Don't know how long the loans are, but they did say they would be the same duration:

Additional info:
- Same financed length of time, so our monthly budget would be the same (plus 3 months)

Generally, my opinion is that trying to rationalize a purchase based on numbers with so many variables and unknowns is an exciting but futile exercise. Just too many moving pieces.

If OP wants a Maverick and can afford it, great!
Maybe if they are underestimating MPG like many suggest, they will even come out ahead.
But the Subaru's value, a down payment, the loans' interest rates, even the final deal on the Maverick are all speculation until the numbers are in writing...

 

[AutobahnSHO]

Not anyone specifically, but some people stay "poor" by paying interest to banks for cars their whole lives. I highly recommend staying away from debt and financing the bare minimum necessary. Make extra payments to pay off loans early.

 

[2lbgill]

That's not true it's just an alternative in financing. Just like it's your responsibility for insurance, plates, registration etc..Outside of the factory warranty you are responsible and all maintenance exhaust, tires etc. unless they offer a maintenance warranty which they have done to move metal. Even then it usually won't cover the whole term of the lease.

Believe what you want to make you happy as I have data otherwise and a honest dealer.

 

[a***h]

Lets face it you’ve already made your decision or you wouldn’t have ordered it in the first place.

 

[Montana]

Personally, I think keep what you got. Or whatever gets you out of debt faster.

 

[ndmiller]

No way no how. Forester is the top 1-3 small SUV since FOREVER and the Maverick is clearly not.. Financing aside, with this apples to oranges comparison the Forester is a significantly better (except for no Bed) and more reliable vehicle at a higher spec than the Maverick.

BUT it seems like you're planing on doing it anyway so enjoy the new Maverick.

 

[24Mave]

If the numbers end up same then sure. But since you just got the forester and trying to trade in right away you’ll probably lose 20% right there. So say it’s $5k neg equity after you just paid taxes title and registration, that would be $100 a month added to your Maverick payments. Then you have to pay taxes title and registration on Maverick. If you’re happy with it just keep what you have.

 

[olman]

If the numbers end up same then sure. But since you just got the forester and trying to trade in right away you’ll probably lose 20% right there. So say it’s $5k neg equity after you just paid taxes title and registration, that would be $100 a month added to your Maverick payments. Then you have to pay taxes title and registration on Maverick. If you’re happy with it just keep what you have.

Another thing to take into consideration is the amount of the monthly payments on the Maverick comes out to $18000 based on 48 payments.
If you’re paying at least $25000 or more for the truck that’s a big chunk of money if you haven’t accounted for it some other way.

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