Terrible Trucks

[Jayco-noslide]

No doubt I'll get lots of disagreement on this. Just wondering how many young people on a budget are buying those nice trucks at $40000 and up; way up for a 1 ton diesel. And financing them for as many years as a home. Economically a bad choice. For starters the purchase price is up there with amazing luxury and sport vehicles and 2 to 3 times many really nice vehicles.. Brutal depreciation follows. Secondly, about half as far on each gallon as a compact car or even a small SUV. So the overall cost of ownership must be huge. Yes, sometimes we need a truck, such as for a 5th wheel or heavy trailer. I've done that but then my (used) truck was my only vehicle. I guess I don't have a point here except I worry for those that don't really know what's it's costing them. Also, lighter, vehicles with small lightweight engines are way greener if you care about that sort of thing. OK. I'm not perfect with my 30 ft. V-10 MH towing a Ford Focus.

[01tundra]

I don't get why people pay so much money for poorly built RV's (and that goes for every one built) that depreciate so quickly.

But guess what, a lot of us do. Could we live without them? Sure could!

How is it any of your business what other people do with their money?

I bought one of those terrible trucks and it just sits in our garage and collects dust and depreciates until we're ready to hook it to our trailer and go camping.

[ppine]

Lynnmor wrote:

Grit dog wrote:

How do you know how much he paid for the new truck?

I never experienced a dealer taking a trade-in that didn't use the MSRP, then deduct the value of the trade-in. YMMV. Common sense says that was the deal in this case.

I pay cash a little over dealer invoice. I never trade in a vehicle because they only pay wholesale.

[wing_zealot]

It's not complicated. You negotiate the price your willing to pay for the truck, then you negotiate the price you want for the trade in. When your satisfied with both then you add sales tax, plates, and whatever and now you have the grand total. Now that you have the grand total, you can talk about financing, interest rates, term, and down payment as applicable.

[CFerguson]

Lynnmor wrote:

Grit dog wrote:

How do you know how much he paid for the new truck?

I never experienced a dealer taking a trade-in that didn't use the MSRP, then deduct the value of the trade-in. YMMV. Common sense says that was the deal in this case.

Maybe you should get the best dealer price, THEN tell the dealer you have a trade-in. You just have to be able to keep your mouth shut as the salesman tries to weasel info out of you.
That and laughing at the salesman every time he says MSRP is a way to break out of your dilemma. They need you; you don't need them. Plenty of other dealers to play against each other and they will happily cut each other's throats given half a chance.

[covered_wagon]

I love my two old trucks and I love to wrench 'em and run 'em forever. It a good thing to have a sense of pride in learning all you can to properly take care of them and bullet proof them for reliability. Just last month I saved 1700 by learning and doing some timely service work myself. To use your mind and acquire ways to do difficult things is a big part of it

[ppine]

Modern trucks are anything but terrible. They can do everything. They last. I love trucks.

[Lynnmor]

Grit dog wrote:

How do you know how much he paid for the new truck?

I never experienced a dealer taking a trade-in that didn't use the MSRP, then deduct the value of the trade-in. YMMV. Common sense says that was the deal in this case.

[Grit_dog]

Lynnmor wrote:

6.7 tow rig wrote:
I definitely don't agree with the brutal depreciation. I bought a 2012 Ram 2500 Tradesman brand new in 2012 for 39,000. Bought that model because it was in my budget. Paid it off in 48 months. I got the itch for a new truck in April of 2018, 6 years later and traded it in for 33,000 and bought a 2500 Laramie. 6 years use 50k miles and only lost 6k. Thousand a year depreciation isn't bad. Diesels hold their value.

Of course you could have gotten perhaps $10,000 off in a straight sale, so you actually lost $16,000. Still not a bad deal, and probably better trade in than a gas truck.

How do you know how much he paid for the new truck?

[pasusan]

Our kid has a good job and bought a Benz. When she told us the price of it I said - Geez, On RV Net most folks have a pick up truck that cost more than that. 🙂

[Lynnmor]

6.7 tow rig wrote:
I definitely don't agree with the brutal depreciation. I bought a 2012 Ram 2500 Tradesman brand new in 2012 for 39,000. Bought that model because it was in my budget. Paid it off in 48 months. I got the itch for a new truck in April of 2018, 6 years later and traded it in for 33,000 and bought a 2500 Laramie. 6 years use 50k miles and only lost 6k. Thousand a year depreciation isn't bad. Diesels hold their value.

Of course you could have gotten perhaps $10,000 off in a straight sale, so you actually lost $16,000. Still not a bad deal, and probably better trade in than a gas truck.

[ppine]

We can all agree that new trucks are expensive. So are used ones. American manufacturers are phasing out most cars.

Jayco you are making a lot of assumptions. I bought a new one ton Ford diesel in 2002 for $35k. Today it is worth $20k where I live. I have seen some going for as high as $28k. That is actually very little depreciation. With some bolt on parts I get 23.8 mpg on the flats, 18 towing a boat and around 13.5 towing a trailer. My Lexus 6 cylinder gets around 25-26 but requires premium gas. Diesel costs less than regular here.

Tires and oil changes and a few other things cost more in a truck, but they last a long time. There is room for everything and every one. My truck can haul more than 2 Subarus.

[6_7_tow_rig]

I definitely don't agree with the brutal depreciation. I bought a 2012 Ram 2500 Tradesman brand new in 2012 for 39,000. Bought that model because it was in my budget. Paid it off in 48 months. I got the itch for a new truck in April of 2018, 6 years later and traded it in for 33,000 and bought a 2500 Laramie. 6 years use 50k miles and only lost 6k. Thousand a year depreciation isn't bad. Diesels hold their value.

[ppine]

delete

[Deb_and_Ed_M]

Bert Ackerman wrote:

Walmart...the generic cheap white stuff that plugs up your colon and probably contains sawdust..........You must be buying that al la en-vogue artisan craftwork foofoo bread lol. If that's the case, grow a set and eat mans bread. Save the $1 a loaf and in about 65000 weeks you can buy a new terrible truck.

OK, I am cracking up!!!!

I LOVE "terrible trucks" - either diesel or something with a tuned exhaust. There's nothing you can't do with a truck (except park in certain parking ramps). We usually buy a 2-yr old model and let someone else take that depreciation whack - but I can't imagine not having one.

Regarding people buying trucks or anything else that's "above their means": there's always going to be those folks: nothing you say will change their minds. "Not my circus; not my monkeys"