|Forum topic by ,||posted 04-05-2015 12:14 AM||1042 views||0 times favorited||26 replies|
04-05-2015 12:14 AM
Bought a 2004 F250 6.0 FX4 Crew cab in Dec. Very nice looking truck, I love it for many reasons such as the interior, large cab size, 4X4 which we need from time to time on job sites when rain slushes things up, it actually rides very nice also. I think it might go down as the worst investment I have ever made. I think I will loose the greatest amount of money in this deal that I have ever lost. I gave low book value for the truck but very soon after replaced the oil cooler, 4 fuel injectors, a wheel bearing, about 5,000.00 in repairs in total. Then yesterday I was going to the job site and the truck lacked power and acceleration. It did not seem starved of fuel, just starved of acceleration power. I am no mechanic but I suspect maybe an issue with my turbo.
The worst part is that I have actually only put around 1,500 miles on the truck myself since I use my other truck a lot also. My other truck, 99 Ram 1500, is just an older truck that does a pretty good job. It is my tool truck.
The only bright side I can see is this truck was bought as a business expense, and as usual I used cash profits from the company. So at this point the truck is a very nice looking tax deduction. It will greatly reduce my tax liability this year. I am too the point where I believe my best option is to put aside around 35,000.00 cash, then take the cash and the truck to the dealer and try and trade the truck with cash in for a brand new truck. I am completely turned off from the idea of buying a used truck in the higher value bracket because of the high risk of greater financial loss through getting burned by a seller.
Just thought I would start this thread thinking someone out there might have some past experience with these trucks and might have some insight or advice, whether it is glass half empty or glass half full advice.