Crowdsourcing Help Request

[AdamsFan1983]

Forum: I believe I'm in a unique situation related to the craziness of the last few days. I was angry about the price increase - and cancelled my reservation (I requested a reinstatement). Shortly after the email arriving, while driving down a highway at 70MPH my brakes stopped working (I'd guess I maybe had 10% left).

I was able to safely stop on the side of the road and saw lots of brake fluid leaking. My natural conclusion was get it to shop (where it is and they're repairing the line), but I left the shop and put a $500 security deposit on a '22 XLT Supercrew F-150 w/ 850 miles on it. I was a little spooked by the experience.

After all thats happening I'm trying to suss out what makes the most sense.

Option A: Backout on the new F-150 (potentially eat the $500), and try to suck the last few months of unreliablle and potentially unsafe life out of the '04 F-150, (I have a OCT-DEC 22 Window)

Option B: Get the '22 ford and Roll the dice on trading it in for the R1T? Do we whenhave a sense on where the used market is heading over the next 12 months?

Option C: Keep the 22 Ford for a normal vehicle cycle and sell the rivian at a profit?

Anything I'm missing. Really don't know what to do.

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[kurtlikevonnegut]

My initial thought is that I'd be very wary of buying a truck right now that you don't intend on keeping for at least 1 year or longer due to heavily inflated prices, however nothing I've seen in the last few months indicates that the logjam causing scarcity in the used car market is lessening in a way that will drive prices down within the next 9 months.

Personally, I'd get the brakes fixed to a point where you feel safe driving the truck and roll with it until your Rivian is ready.

 

[frostbit3]

If it were me, I'd stick with the 04 and just make sure it's repaired properly. Just the TTL alone on the 22 F150 is likely to cost more than the cost to repair the brakes on your 04. Just make sure the mechanic fixes it properly and doesn't cut corners. I'd also ask them if there was anything else they'd recommend doing since they're already going to be in there.

 

[Dark-Fx]

Well, your reservation is after mine, so I say buy the truck and trade it in for the R1T.

 

[lostpacket]

I dont know what advice to give but when are your estimated deliveries?

Also glad you're OK! That sounds really scary.

 

[Speedrye]

Everything I'm seeing suggests supply issues will continue through the delivery of your Rivian, so that should keep the value up on the 22 if you buy it.

I'm cheap though, so I'd just drive the old F-150 until the Rivian arrives, but after a full inspection. Was it a fluke rupture of a soft brake line, or did a hard line rust out? Lines are relatively cheap, even if you replace most of them under the truck for peace of mind. (Of course, I don't know the mileage or other issues you've got with your current truck)

 

[crashmtb]

Presuming the used car market remains crazy, take delivery of the ford. Use it until you have the rivian. You should be able to get out of the ford for minimal loss if not the same as you paid.

 

[NooterIA]

Personally, I'd get the brakes fixed to a point where you feel safe driving the truck and roll with it until your Rivian is ready.

+1

 

[AdamsFan1983]

Yea, the other calculus here is there would be some back end savings having a high value trade to mitigate tax liabilities on the next purchase. Its not insignificant. I dunno... Still not seeing any dominate theme here.

 

[frostbit3]

Yea, the other calculus here is there would be some back end savings having a high value trade to mitigate tax liabilities on the next purchase. Its not insignificant. I dunno... Still not seeing any dominate theme here.

Yeah, but it's tax savings from the 22 F150 that'd he also have to pay upfront when he buys the F150. So it basically comes down to pay taxes now vs later.

 

[DaveA]

Safety first. I wouldn't worry about eating a couple grand.

 

[moosehead]

Dood, take whatever theoretical new equity, aka RA, you just created, and enjoy that kick arse new Effie.

Further, the car gawds kept you from serious harm with a dry brake line. Double RA.

It still may take awhile to get your Rivian, no offense. Meanwhile the F150 will sell easily when the time comes whether on Cars.com, or Rivian trade in.

Not kidding.

 

[Forager]

Cheapest is option always keep what you have. What failed with the brakes? Hard line or rubber line? If rubber, inspect the hard lines and replace all the rubber bits. Brake systems are very simple, it’s unlikely to have problems for a long time if it’s inspected and repaired now.

 

[Sean]

Your taking the hit on bad brakes one way or the other so might as well get them fixed and, if happy, keep going with it.

 

[KeithPleas]

One variable - not sure if PA has a high sales tax on vehicles. In WA we pay 10.5% with a carveout for anything traded in through a new purchase. Flipping cars here is expensive.

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