[ms2428]

New to the forums and need some advice. I have an '06 QC SB 5.9 auto. I LOVE this truck! Its my first diesel and i'm never going back to gas again.

I haven't had many problems with it, but theres been a computer issue i've had to deal with lately. I have 29,600 miles on it and the warranty expires at 36,000. I've only had the truck 15 months and drive about 2000 miles a month. I'm worried about problems that occur after the warranty expires which will be within the next 3 months. I looked into buying an extended warranty and its around $2,000. But here's where i'm at a crossroad....

I got the truck during the employee pricing special and paid $39k OTD including tax, tags, fees. I put $8k down and financed the rest. I owe $25k now, and the dealership said they'd give me $33k for it on a trade. Not a bad deal i think. So essentially, I get back that $8k i put down and use it towards the down payment on the trade.

I started with a 72 month loan at 7.9% and have 57 pmnts left. If I give them my truck and my mustang (which they'll give me $8k for), I get a virtually identical truck, except 2 years newer, 0 miles, the 6.7 cummins, 6 spd auto, and lifetime warranty.

I can refinance the balance of my current loan for 60 months so i'll get 5.9% instead of 7.9%. Because of that 2% drop and adding my mustang as another down payment, my monthly payments will only go up about $8.00 a month plus 3 extra payments. Those 3 payments, plus an $8 increase per month totals approx $2,000 more out of pocket at the end of 60 months. The way I see it, thats what I was going to spend on the new warranty for my '06. So regardless of whether or not I get the new truck, i'm still dishing out that $2,000. However, the warranty the '08 will come with is lifetime instead of just 85,000 mi so i'm getting a lot more for my money. :thumbsup

So it turns out that for $8,000 (the mustang) i'll get a brand new truck with my monthly payment going up less then $10.

It seems like a good deal from a financial standpoint, but my main concern is whether or not the 6.7 cummins and 6 spd auto are worth going through all the hassle for. I know some people are having problems with the new engine, and others say the 5.9 is better even if the 6.7 didn't have the problems. I dont know what to think. As pointed out above, there is good reason to go with the new truck. But I don't want to make a mistake.

What would you do in my situation and why?