The scenario: I'd like to replace my 2004 Yukon Denali with a 2017 or newer Ford F-150.
There are a lot of trade offs in this scenario.
Similar truck in PA, later model, half the miles, and $7,500 cheaper.
Of course, that was just an example. Your job is to research vehicles using websites such as Craigslist, Autotrader, CarMax, etc and then come up with what you think is the best option.
My new vehicle must have the following:
- Towing Package
- Capable of towing 8,000 pounds (see the resources section for a website link for this)
- Either an SUV or a Pickup
- Under 60,000 miles
- Lowest cost, including all costs to get the vehicle if it's in another part of the country
- The insurance company is only going to give me about $3,000 for my Expedition, so cost is a major concern.
If the vehicle is in another part of the country, include these costs:
- One-way airline ticket. Assume Southwest Airlines.
- A hotel room for each 8 hours of driving time required. Assume $100/night for the hotel.
- $35/day for food.
- Calculate the cost for gas to drive back to Denver. Use the average highway MPG for the vehicle. Assume $2.70/gal for premium gas.