What should I do? Keep the Truck or Upgrade!!

[Mackie2k]

Quick Summary:

Bought a 2004 Ford Ranger for doing house stuff, transporting my dirt bike, etc etc....

It's cheap, $216 a month lease because I didn't want a big payment.....(have another car that is totally paid off)

The truck is pretty nice, got 4.0l 4x4 Auto, A/C, MP3 6 disc in Dash, extra cab, spray on bedliner, class 3 trailer hitch....

But now, I love the damn thing and drive it everyday. But I wish it had cruise, tilt wheel, flip open rear doors (instead of fixed) cruise control and power windows/locks

I could get another one, 2005 and just buy it for $2000 down and get it for like 350 a month for 72 months.....

The dealership is willing to take my 2004 completely off my hands and no cost to me.....

Or just keep paying for this one. I already put $1500 into it ($1000 down and $500 title/first payment)

Any thoughts??

Mackie1604

 

[T2T III]

Keep what you have now. You'll get completely raped if you try and get rid of it at this point in time.

 

[Mackie2k]

well, they are willing to take the truck in with no cost to me......pay it off completely.

 

[TechnoKid]

how much would you be getting the 05 for? 350 for 72 months is a lot of money, you must be paying a dear interest rate.

 

[Mackie2k]

we'll just assume the truck is 23,000 - 1500 rebate, - 500 lease return - 2000 down + Tax

Around 21000

So actually it would be about 400 a month for 60 months

But I think I'd rather just put some money into this truck.....

Double Din DVD Player/touch Screen from a guy at work, $775, alarm with remote Start/LCD/Paging adding unlocking doors, $450

Seems like a better deal to just keep the truck I got