Author Topic: multiple car questions  (Read 1922 times)

eliandjax1

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multiple car questions
« on: April 20, 2014, 01:54:46 PM »
Hi all,
 I'm hoping to get some input on my vehicle situation hopefully avoiding any facepunching! Lol bring it on if deservedtho!

Background- family of 4 living in camper(paid cash) pulling with f350 diesel dullay (paid cash)
We sold everything and took a year to travel with the kids, however we are now settled again. I am a manager at a 24/7/365 distribution center which is off the highway 15 miles down the road from nearest town. We also have a camery for commuting. Currently staying at an rv park 45min from work (moving thursday to another park about 5-10min by car away).

My questions and thoughts....

The f350 is a 95 f350 slt diesel dually crew cab with 250k miles on it (brand new condition and paid for) and the camery is 2011 4 cyl with 80k miles (financed with balance of 5400 $)

Since we are no longer travelling the country and rv is most likly going to stay parked most of the time the f350 doesent move very often except for a trip to store once a week to keep it running. I've been asking myself if I should sell it (approx 6-7k on cl) to pay off the camery. However since I would be hard pressed to replace the truck in the future with anything remotely close to the condition of it for less than 10k and would like to be able to move camper quickly (job oppertunites, relocation, vacation, visiitng family, etc..) I am currently leaning towards keeping it. Any thoughts?

The camery... we absolutely love the car however it does require 5400 $ left to pay on it (currenty paying 1000-1400 a month). I don't want to get rid of it but wondering if we should sell and buy a cheaper car in cash as I will be closer to work and going to attempt to bike it anyways.

Any suggestions on what u all would do is greatly appreciated.
Thanks!

Ps. Forgive typos and formatting... attempting to do this from my very cracked phone.

Gin1984

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Re: multiple car questions
« Reply #1 on: April 20, 2014, 02:10:02 PM »
Why don't you try biking for a while and see how it goes?  And is the other adult working?

eliandjax1

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Re: multiple car questions
« Reply #2 on: April 20, 2014, 02:30:12 PM »
Why don't you try biking for a while and see how it goes?  And is the other adult working?

I'm really hoping biking will work however I am over 3 shifts and sometimes have to go in at any hour and wouldent feel comfortable riding at night or rush hour for that matter. She stays home with the two boys and very rarely drives anywhere. She also refuses to drive the truck as she is not comfortable driving something so big but I cannot justify driving the diesel guzzler to work.

Milspecstache

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Re: multiple car questions
« Reply #3 on: April 20, 2014, 04:15:07 PM »
I may take a facepunch with you but here is my opinion...

I have a 7.3l diesel F350 that I use sparingly to haul loads (dirt, equipment, hay, mowers, building materials, scrap, yard waste, etc).  As a result the yearly maintenance/diesel/registration is very reasonable, certainly less than I would spend renting a comparable vehicle for what I do.  Additionally, the 7.3l has never lost value from where I bought mine in 2008 (bought for 7k, worth about 8-9k today).  This is due to the fact that my 4wd 7.3l could still be put to use for a few good years as a plow truck I believe.

So I say keep it, use it for what you want, but at least consider canceling comprehensive insurance for collision only with the mindset that you can further minimize the current cost.  In that situation your only loss is keeping the money parked in the truck.  And in that instance 6-7k is nothing compared to having a vehicle that can move your home (RV) at a moment's notice.

eliandjax1

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Re: multiple car questions
« Reply #4 on: April 20, 2014, 04:57:41 PM »
I may take a facepunch with you but here is my opinion...

I have a 7.3l diesel F350 that I use sparingly to haul loads (dirt, equipment, hay, mowers, building materials, scrap, yard waste, etc).  As a result the yearly maintenance/diesel/registration is very reasonable, certainly less than I would spend renting a comparable vehicle for what I do.  Additionally, the 7.3l has never lost value from where I bought mine in 2008 (bought for 7k, worth about 8-9k today).  This is due to the fact that my 4wd 7.3l could still be put to use for a few good years as a plow truck I believe.
So I say keep it, use it for what you want, but at least consider canceling comprehensive insurance for collision only with the mindset that you can further minimize the current cost.  In that situation your only loss is keeping the money parked in the truck.  And in that instance 6-7k is nothing compared to having a vehicle that can move your home (RV) at a moment's notice.

Yes these 7.3 s seem to hold value well and are in demand. I paid cash 4900 $ for mine. I carry liabilty only on it now so the cost to keep it parked are very low. It is nice insurance to know I always have a very capable hd at my disposal.