I currently own a 2024 EcoBoost Premium automatic and was thinking about selling it to get a used 2024 GT. I’ve had my EcoBoost for around 7 months now, but the GT’s engine is really tempting me.
The EcoBoost has only 3.8k km on it, and I got it at a big discount paid $44k instead of the $51k MSRP (in CAD). When I checked the market, other used 2024 EcoBoosts are selling for $41-45k with higher mileage and fewer options. So, I don’t think I’d lose too much money if I sell mine.
The issue is that if I go for a used GT in the same price range, I’d lose some features I care about, like leather seats, ambient lighting, heated/cooled seats, and dual-zone climate control. I can’t decide whether I should prioritize the GT’s engine or keep my current options.
What do you all think? Is it worth sacrificing features for the GT’s engine? Or should I wait a year to find a GT Premium within my budget?
For reference, I can handle a car payment of about $800 a month. I’d really appreciate your advice!
Dakotah said:
Don’t forget the extra costs for gas and insurance. It could add up, depending on where you live.
That shouldn’t be too bad for me. My dad’s name is on the insurance, so it won’t change much. For gas, I’d estimate about $50-100 more per month. Right now, I’m getting 13L/100km with the EcoBoost (mostly city driving).
I know I’m in the minority, but I’d always choose features over the engine. The EcoBoost has plenty of power for me, and I’m not too concerned about the sound. But I’m also in my 40s and have different priorities.
StephieStephie said:
I have a 2024 GT, and my advice is to keep your EcoBoost.
Could you explain why?
Sure. You’ve only had your EcoBoost for 7 months, so you’d lose money due to depreciation. Even if you can afford the monthly payment for a GT, being financially smart is about more than that.
Unless you’re very wealthy, it’s better to save the money for now. The GT is great, but it’s not something you need. I had an EcoBoost before my GT, and I still miss it sometimes. Enjoy your EcoBoost for a while longer and upgrade when it makes more sense. Trust me, the excitement of owning a GT fades over time—it just becomes another car.
@StephieStephie
You make a good point. Based on what you and others have said, I think waiting a year or so might be the best option. That way, I can save up for a GT Premium with the options I want, and my EcoBoost won’t feel like a waste.
You’re getting some solid advice here. Beyond the car price, think about whether you’re okay with higher insurance and fuel costs. Personally, I like leaving some room in my budget. Even if you can afford something, it’s good to have a buffer for unexpected expenses. Gas prices might go up, for example.
But if the extra costs are manageable and you’re planning to keep the car for years, it might be worth it. It’s frustrating to drive a car that’s close to what you want but not quite there.
For me, I knew I’d regret not getting the V8, so I made it work financially. My V8 arrives in February, and while it costs more up front, it feels worth it to get the car I truly want.
Go for a used 2022 GT Premium instead. You’ll get the V8 and the features you like, probably within the same price range. Plus, I think it looks better!
Rooney said:
Go for a used 2022 GT Premium instead. You’ll get the V8 and the features you like, probably within the same price range. Plus, I think it looks better!
I agree. I prefer the look of the older model too. I wasn’t a fan of the digital dash on the newer ones, so I stuck with the 2022. Plus, the newer models feel more restricted when it comes to modifications.
If you can handle the costs, go for it. I upgraded after a year, but I only did it because I found a great deal on a 2021 GT. Otherwise, I’d still be driving my EcoBoost while keeping an eye out for a good deal.
Keep in mind, though, insurance might double, registration fees will increase, and you’ll spend more on gas. For me, I’m at the gas station at least once a week in summer. Just be ready for those extra costs.