What makes more sense...driving a long paid for old truck, or making huge payments??

[murph1]

I understand. But I also understand there are posters on this thread that would "wear out" your $2200 truck in a month. So there's a place for both.

I agree as its only a half ton 6 banger at 125000 miles and a bad case of cancer.

 

[tcartwri]

Vehicles are never investments. Everything depreciates. New stuff depreciates faster.

I've done it both ways - new and used. Depends on the vehicle and how it was cared for by the prior owner(s) if a used one is going to be dependable or a money pit. Never regretted a new vehicle I bought.

It wouldn't make sense to buy a new vehicle and find out you hate it and it's a big mistake for you to keep it 15 years just to avoid the loss on trading. But, if you normally keep a vehicle a long time then buying new can be fine.

Two 'rules':
1) There is one thing guaranteed to keep a working man poor. A new car.

2) Every day you drive a paid for car you are making money.

TBS

This really doesn't apply to the pickup market. Asking prices for used trucks is sky high. Particularly diesels.

 

[ovrszd]

I agree as its only a half ton 6 banger at 125000 miles and a bad case of cancer.

For every vehicle there is a user that it fits.

 

[jack707]

I would never buy a new pick up truck because of the prices!

 

[ovrszd]

I would never buy a new pick up truck because of the prices!

Our Capitalist economy depends on those that would never buy a used pickup truck as well as those that would never buy a new pickup truck.

 

[murph1]

Our Capitalist economy depends on those that would never buy a used pickup truck as well as those that would never buy a new pickup truck.

Yea words of wisdom...

 

[WM75Guy]

We have done both and it works out financially both ways. We bought both our trucks new. Working on buying another new one now. The newest one is used for towing the horse trailer with the show horses. We bought used cars for the kids when they were learning to drive, mostly Enterprise rentals or they got one of our old vehicles. So as long as one doesn't nickel and dime me to death and is reliable we keep driving it. My 03 needs new brakes for the first time at 215,000 miles, cost will be about a $1,000, new pads, rotors, and emergency brake. That is about 1-2 months worth of payments.

 

[poncho62]

My 97 GMC has about 175,000 miles on it, but its still running good, body is pretty solid and it does what a truck should do.

 

[two_bit_score]

This really doesn't apply to the pickup market. Asking prices for used trucks is sky high. Particularly diesels.

You are entitled to your opinion, but I can't see how any of my comments don't apply to the pickup market because truck prices are sky high.

Everything is relative.


TBS

 

[tcartwri]

You are entitled to your opinion, but I can't see how any of my comments don't apply to the pickup market because truck prices are sky high.

Everything is relative.


TBS

being from the southwest I can see your perspective as you can reasonably expect a vehicle to last 20 years or more. The reality here is that 10 years is all you can expect before corrosion kills them. Therefore pushing the used market prices up to basically a new vehicle. A pickup here under $10K is absolutely finished.