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Are the discounts listed before tax, tag and title?
Just got a supercrew xlt with convenience package for 27500 OTD, MSRP 37300, roughly 10k off. No trade in rebate.
I am a little confused on Edmunds true cost to own. I think the system is flawed. Take my new f150 that Edmunds says is going to depreciate $19,909 in 5 years. It also says that total cost to own will be $53,547 to own for 5 years. Then I look up a 2008 f150 (5 years old) plug in my model 75,000 miles and Edmunds says its worth $12,954. well my math says that a truck that I paid $27,000 (big rebates) really cost me $14,046 in depreciation in 5 years. That is almost a $6000.00 difference. I think the true cost to own should have a spot to enter for rebates.
True cost to own includes finance charges, insurance, maintenance, repairs.. etc, etc, etc... not just depreciation.
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I understand that but is the $19,909 that Edmunds predicts my 2013 F150 will depreciate in 5 years starting with the sticker price if the truck? In my case $38,000 if it is then it is a flawed system because Ford and Chevy give $10,000 rebates where Toyota only gives $2000 rebates so of course the Toyota will when on depreciation. In real life I only paid $27,000 for my $38,000 truck so if it depreciates $19,909 like Edmunds says that means in 5 years my truck is worth $7000.00? I don't think so brother. The Edmunds way is depreciating money that I never spent in the first place. I just think to get the true depreciation you should subtract rebates from the price or have a place where the researcher can plug in a real price paid. That would get the true cost of ownership.
I've been mulling over my choices for a new full size pick up. I currently own a 2004 F150. The Chevy/GMC trucks caught my attention initially, but they'd had so many recalls they don't even bother to advertise them of late and the incentives just aren't there. Then I focused on the Ram trucks for their gas milege with the V6 model getting 25 mpg. Then I open the paper the other day and see a local Ford dealer offering a new 2013 Super Crew 4x2 XLT at $16,000 off MSRP. This was a price leader (one only) and I'm not even sure if I qualify for the long list of incentives - but it showed me Ford has fallen behind or just built too much inventory to still have 2013 models sitting on their lots. If I purchased a new 2013 F150 at $16,000 below MSRP, I'd be paying less than what I paid 10 years ago for a similarly equipt truck. I'm thinking the lower mpg is no big deal if I'm saving several thousand dollars.
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