Ford 2009 V-10

[Duffster]

Aren't you the person who posted the payback mileage at 100k?

Yes

If so 25k would be 1/4 or the price.

Are we not talking about trading every 2 years.

Doesn't care? IE rich people. If I was sitting on a ton of money, yeah I wouldn't care either what the resale value is....just want one. But I'm not sitting on a ton of money.

I pay cash and I am not rich.

My old man is well to do and you can bet he cares about his resale.

Maybe if you drove a diesel you would have more money.

 

[Duffster]

I bought my mint condition 2006 diesel pickup for just over 45% of the original sticker price last year. Each manufacturer, Dodge, Ford and GM were all selling for prices between 40% and 50% of their value 2 years later. I'm not sure what you consider "very high" resale, but I sure wouldn't want to be on the first owner side of those pickups. Actual percentage of retail wise, gasoline pickups were closer to 50% to 55% at that time. It wasn't too many years ago that several SUVs had residual values close to 45% after five years; not two years. Actually, for the last 3 year in a row, Toyota pickups have had the highest residual value of all pickups sold in the U.S. Unfortunately for us, Toyota doesn't sell any diesel pickups here in the states. All of their high residual value pickup trucks are gasoline powered.

You are talking about a small amount of time in the overall big picture.

I bet the dealer and the manufactuer took the biggest hit in your bargain.

Toyota doesn't build superduty size trucks correct?

 

[Dargo]

You can't convince a gas guy a diesel is better, especially when they own certain diesel engines and you'll never convince diesel guys that gas is better, especially when they own certain gas engines.

Sorry man, but I own over 15 vehicles currently of all different makes including diesel and gasoline. I'm not the guy who only thinks the one diesel pickup they own is the only diesel that anyone should buy and all others are junk. I'm pointing out facts as they are. Duffster and I agree on most things and are able to debate gas and diesel without getting upset because neither of us are under the impression that only one particular engine and transmission work in a pickup.

Duffster can correct me if I'm wrong, but I'm reasonably certain that he and I can disagree on some issues yet have zero animosity towards each other. As the old saying goes, if you agree on everything, somebody isn't thinking.

 

[Duffster]

Stick a fork in me.

Here guys have a beer on me.

 

[Builder]

Stick a fork in me.

Here guys have a beer on me.

Awww thanks man, but I only like American beer! lol

j/k.

 

[Dargo]

You recognized the difference between us. No matter how many people I employ or what I have, I never feel that I know it all. I also realize that being completely hung up on one manufacturer or product is foolish. You'll not be able to pull up 200 posts where I've gone on about how my pickup/tractor/etc. is the best there is. We'll always be different in those respects. Sorry it bothers you. A very wise guy once told me that the day a guy quits asking questions and assumes that I know it all is the day that guy begins to fail.

 

[canoetrpr]

I bought my mint condition 2006 diesel pickup for just over 45% of the original sticker price last year. Each manufacturer, Dodge, Ford and GM were all selling for prices between 40% and 50% of their value 2 years later. I'm not sure what you consider "very high" resale, but I sure wouldn't want to be on the first owner side of those pickups. es.

Not sure exactly what these stats are worth though. There is nothing wrong with buying used and I usually consider it before every new vehicle purchase I do but I usually find that often people who buy used tend to count their 'savings' based on MSRP. Nobody pays MSRP.

When I compare used price to what I can get new after rebates, haggling etc etc., I don't typically find that it is often a good deal.

YMMV of course.

FWIW - if there was a proven diesel option available in a 1/2 ton I'd be lining up to buy it for upto 6-7k more. I tend to drive 22k miles per year (35K km) mostly highway and tend to put about 200k miles on the vehicle before I am done with it. I don't even tend to two very much. I think I would be able to put more on a diesel and at today's prices would save a bundle on fuel costs. I think that I would make back my 6k or so in the 10-12 years I had it and I'll bet the resale would be higher even after that.

Diesel here is at least 10cents per liter ~40 cents/gallon cheaper than gasoline. Gas is $1 per liter these days. On top of that I figure diesel is 15% better MPG. My yearly gas consumption is ~4550 liters or ~ $4550. With diesel I would use 3867.5 L at about 90 cents per liter for $3480.75. That is a thousand bucks per year. Worth while in my opinion over 10-12 years after which I think I will still get back $1-2k in additional resale.

 

[Dargo]

Not sure exactly what these stats are worth though. There is nothing wrong with buying used and I usually consider it before every new vehicle purchase I do but I usually find that often people who buy used tend to count their 'savings' based on MSRP. Nobody pays MSRP.

When I compare used price to what I can get new after rebates, haggling etc etc., I don't typically find that it is often a good deal.

Those stats are the only stats that "worth" anything. The reason is due to the fact that every single residual value guide is based on a percentage of what the original MSRP was. There is not one single guide available that uses any other figure. Every lease company, fleet company, insurance company, GAP company etc. uses a residual value that is based upon a percentage of what the original MSRP was. Those residual values already take into account not only dealer discounts that are likely, but also what rebates are. If a manufacturer, such as GM, puts out a $7000 rebate on their new pickup trucks the residual value will plummet the very next week. Due to GM's bankruptcy and the huge rebates and discounts available on most of their vehicles, most all existing GM vehicles owned by people have taken an immediate huge hit in their existing value.

As far as "nobody pays MSRP". That statement simply is not true. I'll even use the severely hurting GM as an example. Go try to buy a new Camaro for less than MSRP. Most likely you'll have to pay over MSRP if you want one. The same holds true for several different vehicles. It's all based on supply and demand.

 

[Duffster]

Go try to buy a new Camaro for less than MSRP. Most likely you'll have to pay over MSRP if you want one.

Very true,

Camaro's are running about $5k over MSRP IF you can find one.

 

[Diamondpilot]

10K in my area. Challengers are about as bad.

Chris