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Trade-in Advice

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Old 05-10-2010, 01:16 AM
reeder's Avatar
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Default Trade-in Advice

Hey,

New to the forum and I was hoping to receive some advice on a trade-in. I currently have a 2006 F150, 49000mi, NADA prices it around $17,000(trade-in value). However, I no longer work construction, so longer need a full-size truck. Looking around at 4runners, I located a 2002 Limited with 54,200mi priced at $16,999. 4runner

Now, NADA puts the 4runner worth about $15,300(retail). This seems more reasonable - though still high. I like the 3rd gen 4runner, I've only heard good things, and it fits my needs so far as fishing, biking, and activities go. My qualms are in trading down to a 2002 that, although 'may' be higher quality and less problematic, will be ten years old soon and lose value considerably.

I don't need to trade-in, the F150 has had problems(about $2500 in the past 2 years) but I drove it cross-country without a hick-up and its never left me stranded; the trade is more for convenience and practicality. You guys think this is a good value/idea? Interested to hear criticisms. Thanks.
 
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