Emergency Help Trad In

Tsbot · Sep 11, 2015

Emergency Help Trade In

First post but I'd love your opinions.

I have a 2015 Ram 1500 Big Horn 5.7 8000 miles
I'm averaging about 16 mpg.

I'm thinking of trading in for same ecodiesel.

I owe 35k, they offered 32,500 for trade in. I'd buy the 3D out the door for 44000 including the negative equity in mine. However that doesn't included line x , level kit or extended warranty that I have now and won't get for awhile.

Is this worth the extra cash to save MPG? The trim levels are the same minus remote start and full center console - not big deals to me.

Burla · Sep 11, 2015

Depends on how far you drive, if you drive a million miles a year, then yes go for it. if not, DON'T DO IT. The price of gas is falling if you haven't noticed.

develand · Sep 11, 2015

No. I went down the negative equity rabbit hole. It may only sound like a couple grand now, but, add interest and all that, and suddenly should you want to replace the truck, you are WAY upside down. Any savings you will have in fuel, will be spent on a higher payment.

Tsbot · Sep 11, 2015

Oops forgot that.

I drive about 17000 a year 60/40 hwy/city.
All else being equal (financing terms, trim level).

Casper · Sep 11, 2015

Heck NO!

Tsbot · Sep 11, 2015

My calculations said I'd save about $120 month in fuel, but the payment would be $50 more so overall I'd save $70 a month.

That being said I'd pay say $7000 more for 3D so saving $70 month it would take 8.3 years to recoup the cost. Does this sound right?

SlowRoller · Sep 11, 2015

Tsbot said:
My calculations said I'd save about $120 month in fuel, but the payment would be $50 more so overall I'd save $70 a month.

That being said I'd pay say $7000 more for 3D so saving $70 month it would take 8.3 years to recoup the cost. Does this sound right?

Yep.

At todays oil prices, there isn't enough $$$ involved in fuel savings to get a return on your investment for several YEARS,,,

And if you traded before then,, even further behind the 8 ball,,,

Justification of an EcoD for an owner who drives a moderate amount of miles and doesn't tow on a regular basis just isn't there...

If you want to save on fuel costs w/o the fat EcoD price tag,,, Consider a Pentastar,,, If you are just using your truck for general transpo, / occasional light-med hauling, it will be close in MPG to the EcoD for less $$$ up front than a Hemi,,, I believe a Laramie is the top trim level with the Pentastar option.

APFSDS · Sep 11, 2015

I've done the negative equity thing on two cars and regretted it both times. Never again.

Tsbot · Sep 11, 2015

Thanks for all the replies. It's what I thought, but love the thought of fuel savings, but price justification isn't there.

I don't own a trailer (yet, for camping). Other than that it's a daily driver household worker truck; we own a little property in the hills.

Now onto the pentastar v6. Would that pencil out? I heard the v6 gas fuel mileage is almost equal to the vvt v8 mds 8 speed. Especially driving the mountains of Oregon. True?

SlowRoller · Sep 11, 2015

Hard to say. In your case , all we know is: I'm average about 16 mpg.

IMHO, sit tight with what you have as it's virtually impossible to spend your way to savings

Tsbot · Sep 11, 2015

Thanks, all things equal I prob would do it for a 5 year break even, but I do love the Hemi and don't tow at this point. I'm not sure why I'm so hell bent on the 3D.

develand · Sep 11, 2015

Hi have a v6 regular cab and I am getting around what the hemi does. I would rather have the v8, but this is the truck that had the deals and got me out of said inequity I mentioned earlier.

Hootbro · Sep 11, 2015

Seriously dude, you got no business doing the trade. IF you cannot cover the $2500 difference in negative equity and are not putting anything down on the newer truck, you are already in hole big time.

You bought a truck and with that comes all the good and bad. With the bad, MPG's are not stellar most times compared to a passenger vehicle. If you are obsessed with high MPG, sell the truck and get a Prius. Otherwise, enjoy the truck and find savings elsewhere in your life to pay for the gas. If you cannot, then you were over extended getting into a truck in the first place.

Tsbot · Sep 11, 2015

Thanks. I can afford covering and putting down cash, but money out is money out. I'm just trying to compare current vs 3D for my numbers. I like the idea of higher MPG, deal breaker no - hence the Hemi I have. But if I can pocket cash in the long run, then why not, but in my case with how the 2015's are out there with year end deals my long run is a pretty long run. 3 year break even is a no brainier because everything after is just savings, 5 year I'd have to think about it, and 7 years is pretty far out and not worth it like most have stated here.

FXCLM5 · Sep 12, 2015

why do you call the ecodiesel 3D? shouldnt it be ED?

i was on the same boat, after crunching #'s i had to drive 125k on the ecodiesel just to break even on the initial premium cost for the motor.

i dont plan on owning any dodge product for over 100k, but that is just me.

Kidder · Sep 12, 2015

FXCLM5 said:
why do you call the ecodiesel 3D? shouldnt it be ED?

i was on the same boat, after crunching #'s i had to drive 125k on the ecodiesel just to break even on the initial premium cost for the motor.

i dont plan on owning any dodge product for over 100k, but that is just me.

3.0Diesel=3D

That is one of a number of ways it is referred to over on the Ram Ecodiesel forum.

Limeybastard · Sep 12, 2015

Tsbot said:
First post but I'd love your opinions.

I have a 2015 Ram 1500 Big Horn 5.7 8000 miles
I'm averaging about 16 mpg.

I'm thinking of trading in for same ecodiesel.

I owe 35k, they offered 32,500 for trade in. I'd buy the 3D out the door for 44000 including the negative equity in mine. However that doesn't included line x , level kit or extended warranty that I have now and won't get for awhile.

Is this worth the extra cash to save MPG? The trim levels are the same minus remote start and full center console - not big deals to me.

They offered you 32.5K trade in? Just do it. :roflsquared:

Also diesel FTW, those engines are ****** fantastic.

clh1220 · Sep 12, 2015

That is a losing deal. I had a Cummins before, and one thing your not taking in consideration, is that there is allot of times diesel is around a dollar more a gallon than gas. It wasn't that long ago and it is always higher in winter time.

Tsbot · Sep 12, 2015

Thanks guys - I'm gonna stick with the Hemi and love it! Gonna put some 4" or 6" Rigid lights where the tow books would go next week!

DannyMK2 · Sep 12, 2015

FXCLM5 said:
i was on the same boat, after crunching #'s i had to drive 125k on the ecodiesel just to break even on the initial premium cost for the motor.

theres one problem with your math. its reflecting that you would keep the truck for a very long time. you arent considering the higher resale of the eco diesel vs the hemi. your break even point would most likely be much less then that. your paying more for a truck up front that is going to be worth more in the used market.

is trading in the truck still a good idea for the OP...probably not. but i cant see trading in a vehicle that you've only owned for a few months a good idea for anybody.

Emergency Help Trad In

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