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Thread: Trading in the Durango?

  1. #1
    Senior Member VTengineer's Avatar
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    Trading in the Durango?

    I think I'm going to trade in the Durango, but it breaks my heart. I have put a lot of work and time into it and hate to part with it. I'm worried that if gas prices stay the way they're right now for the next couple years, it'd be impossible to get any money out of my Durango then as compared to now. I don't tow any, don't even have a trailer or camper. It's just me and my wife that ride in it so we don't even use the 2nd or 3rd row.

    I'm wanting to get a slightly used Chrysler 300 with the V6 that gets almost 30mpg compared to the 12-14mpg I get now in the Durango. If I traded in, I'd miss all you guys a lot. You all have been so helpful with all the repairs I have had in the past. I just don't know what to do anymore, but I think it'd be the best option for me. Otherwise we'll put all of our mileage on my wifes truck while the Durango sits in the driveway for short trips.

    Do you guys think this is a serious mistake or may end up being for the best with all things considered?
    99 5.9L SLT
    Intense Performance Stage III 9"Cold Air Intake
    Superchips 3715, Fastman TB, Flowmaster 40
    Westin Sportsman Brush Guard, Tail light guards, and rear bumper guard
    BFG A/Ts 32x11.5x15
    Trailmaster AAL/Shackle/Torsion lift
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  2. #2
    Senior Member k2epm's Avatar
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    Re: Trading in the Durango?

    Quote Originally Posted by VTengineer
    I think I'm going to trade in the Durango, but it breaks my heart. I have put a lot of work and time into it and hate to part with it. I'm worried that if gas prices stay the way they're right now for the next couple years, it'd be impossible to get any money out of my Durango then as compared to now. I don't tow any, don't even have a trailer or camper. It's just me and my wife that ride in it so we don't even use the 2nd or 3rd row.

    I'm wanting to get a slightly used Chrysler 300 with the V6 that gets almost 30mpg compared to the 12-14mpg I get now in the Durango. If I traded in, I'd miss all you guys a lot. You all have been so helpful with all the repairs I have had in the past. I just don't know what to do anymore, but I think it'd be the best option for me. Otherwise we'll put all of our mileage on my wifes truck while the Durango sits in the driveway for short trips.

    Do you guys think this is a serious mistake or may end up being for the best with all things considered?
    Hey? life sucks these days?I blame it mostly on Bush & his cronies, they're all "oil" people. But, the oil companies and environmentalists have their role in this too.

    Look? in July of 98 when I bought my D, gas was about $1.09-$1.20 / Gal in the NYC/Long Island market and about 99 in Jersey. In Nov of that year?it got as low as 99 here and I paid 79 in Georgia.

    Something went funky in the last 9 months of Clinton's presidency?I remember the summer of 2001 paying $1.70's and bitching?but then it droped the next winter in to the $1.30's? I remember thinking "Christ, the world is coming to an end" when gas hit two bucks. Now?two bucks?heck that would be dirt cheap?next best thing to the coming of the messiah!

    Well, I'm 6', 235 lbs, I have a wife, two 16 year old girls, and a baby on the way. I'm sorry, we can't fit in a Toyota Prius! I just don't know what to do. For now, we cut out all of our "weekend road trips" and we watch TV instead of going to the movies. I guess this summer we'll look for "free" entertainment.

  3. #3
    Senior Member VTengineer's Avatar
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    I hear you loud and clear. I'd keep it in a heart beat at the old $1.30-1.70 prices, but it doesn't make sense today for a daily driver without a big family. Also, I'm 6'6" 350lb so I can't fit in every car either, but that 300 fits me like a glove somehow!
    99 5.9L SLT
    Intense Performance Stage III 9"Cold Air Intake
    Superchips 3715, Fastman TB, Flowmaster 40
    Westin Sportsman Brush Guard, Tail light guards, and rear bumper guard
    BFG A/Ts 32x11.5x15
    Trailmaster AAL/Shackle/Torsion lift
    Rancho 5000s

  4. #4
    Senior Member TheDodgeGuy's Avatar
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    So how many gallons of unleaded will it take to offset the price difference of the two vehicles so the 300 is actually breaking you even and beginning to save you money?
    Mike

    2001 Durango SLT 4.7
    Patriot Blue

    Mostly stock
    *SOLD*

    Currently driving a 2004 Jeep Grand Cherokee Laredo 4.0L and lovin' it!

  5. #5
    Senior Member VTengineer's Avatar
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    I'm not saying it'll offset the monthly payment entirely. We'll save about $170/month trading in the Durango and driving the 300. I put my engineering economy skills to work on a lot of cost analysis of the situation and thought about it for a while now. Insurance cost would be about $70/month more, and the payment on the 300 wouldn't be more than $250/month. So I'm looking at a cost of about $150/month more than right now. The other thing I think about though is the value of the Durango compared to the almost new 300 is a very big advantage. I really don't want to get stuck trying to trade in the Durango in 3 years with no resale value at all.

    You said yourself that you picked up your D for next to nothing because of the SUV market in its current state. I don't think it'll get any better anytime soon, and feel that its better to let it go now while its mechanically sound and the SUV market hasn't ground to a full halt.

    I may be entirely wrong in my thoughts on the situation, but it just seems to me to be a good investment for the future.
    99 5.9L SLT
    Intense Performance Stage III 9"Cold Air Intake
    Superchips 3715, Fastman TB, Flowmaster 40
    Westin Sportsman Brush Guard, Tail light guards, and rear bumper guard
    BFG A/Ts 32x11.5x15
    Trailmaster AAL/Shackle/Torsion lift
    Rancho 5000s

  6. #6
    Senior Member OverKill's Avatar
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    Re: Trading in the Durango?

    Quote Originally Posted by VTengineer
    I think I'm going to trade in the Durango, but it breaks my heart. I have put a lot of work and time into it and hate to part with it. I'm worried that if gas prices stay the way they're right now for the next couple years, it'd be impossible to get any money out of my Durango then as compared to now. I don't tow any, don't even have a trailer or camper. It's just me and my wife that ride in it so we don't even use the 2nd or 3rd row.

    I'm wanting to get a slightly used Chrysler 300 with the V6 that gets almost 30mpg compared to the 12-14mpg I get now in the Durango. If I traded in, I'd miss all you guys a lot. You all have been so helpful with all the repairs I have had in the past. I just don't know what to do anymore, but I think it'd be the best option for me. Otherwise we'll put all of our mileage on my wifes truck while the Durango sits in the driveway for short trips.

    Do you guys think this is a serious mistake or may end up being for the best with all things considered?
    Is it just me or does this sound like he's breaking up with us? lol
    On a serious note? I live in Canada and I'm 23 I just bought my Durango about 3 months ago and the gas is killing me. I spend about $500 a month on gas. Why did I by it? Cuz from the first day I saw one I was like "some day I'm going to own that" and now I do! Have I reconsidered trading it back in or if I regret getting it? Sure, who hasn't, but then you give your head a shake. If anything I plan on trying to afford a small rice burner with a hampster under the hood for daily driving and keep the D for my "toy." Now I realize that option isn't open to everyone. I'm 23, 5'11" 180 pounds, single, and have no kids. I have all the options in the world. Realisticly I should have bought a little Civic with a manual trany. I don't pull or haul and the only thing I need space for is my stereo. Like I already stated, I purchased the D solely based on stereo room and styleing.

    If I was you, I'd jump all over that 300 or consider a Magnum looking into the future and kids and what not.

  7. #7
    Senior Member Coolguy's Avatar
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    Our future?

    Chery QQ
    Engine 3cyl. 0.8L
    MADE IN CHINA

  8. #8
    Senior Member MadTownD's Avatar
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    The "BEST" kind of vehicle is a "PAID FOR" car!

    If the Durango is paid for (or almost paid for) I'd keep it. If you buy a vehicle and get 10+ years out of it who really cares what the trade-in value is. There'll always be some kind of market for vehicles that can actually tow something? Have you calculated the total payback on the loan for this Chrysler 300? It's not just the difference in the total cash outlay per month?

    The people on this website are getting 150k, 175k, 200k+ miles out of these Durangos and Dakotas. My brother has over 175k on his Dakota and it's still going strong! I have almost 90k on my Durango and it doesn't use a drop of oil - and it'll beat all of the "Rice Burners" of the line!!
    Jeremy - de KA9LRV - 73's

    2008 Dodge Ram 2500 4x4 5.7L Hemi QC, Brilliant Black Crystal Pearl, Luverne Mega Steps, Putco Rocket Locker Bed Rails, 2 inch lift, exhaust mod
    2003 Honda Odyssey
    2003 Ford E250
    ex-2001 Dodge Durango 4x4 SLT+ 4.7L

  9. #9
    Member DBear's Avatar
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    My D is a daily driver, and my only car. If you want to pay high gas prices come to California, we pay more than most states except for maybe Hawaii. On other Forums I here people complaining about paying 20-30 less than what we pay here, and California is the fourth largest oil producing state in the Nation with 20+ refineries to boot.

    Yes I believe that the current administartion is more in favor with the Oil Barrons than the people and the current fuel prices are just one of the reasons.

    I'm not giving up this truck anytime soon nor have I thought about trading it in, though I have thought about getting a motorcycle lately. For right now I have cancelled out of two camping trip (I actually getting tired of camping anyways), and have cut down my weekend fun trips and stay close to home andwork-out (might as well get in shape while doing nothing -LOL.) I still plan to go on Vacation in the Sierra Mountains in September like I have for the last 30 years though I may not travell as much on it that I have in the past. In other words it bites, but I'm working around it but the D stays!
    DBear
    Fastman TB, Warn Trans4mer, 9.5ti Winch, Rancho 3" lift, 9000x shocks, RAM Air, Turn signal mirrors, Security w/Remote start, 3" Cat-Back w/FlowMaster 40, Custom Rock Rails, 16" Rock Crawlers, 32" BFG KO's, PowerSlots.

  10. #10
    Senior Member rayjj's Avatar
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    Quote Originally Posted by Coolguy
    Our future?

    Chery QQ
    Engine 3cyl. 0.8L
    MADE IN CHINA
    I'll start pedaling my bicycle before I drive that thing lol
    2008 Caliber SRT4-319 WHP 18psi- 13.93 @ 105.15
    <img src=http://i187.photobucket.com/albums/x91/rayjjdurango/D%20pics/sig-1.jpg width=250><img src=http://i187.photobucket.com/albums/x91/rayjjdurango/signtcopy.jpg height=160>

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