4x4ord wrote:
fj12ryder wrote:
"There is the sales tax, the higher cost of insurance and the cost of borrowing (or lost opportunity cost if you pay cash) on the additional out lay of money that must be taken in to account but owning a newer truck isn't a tremendous amount more expensive than owning an older one."
You can honestly write that with a straight face?
I'm comparing one scenario where a person buys a new truck and keeps it for 12 years before selling it and buying a new truck again vs the guy who buys a new truck and replaces it every 4 years. Option one vs option two .... the costs are not going to be tremendously different. The guy who can buy a 20 year old truck and keep it going can probably save a little money.
"A little money"? I paid $18,000 for the truck, and I've spent maybe $3000 over the years for things that wouldn't necessarily have to be done with a new truck. That amounts to $21,000 vs $50,000 or more for a new truck. To me that's more than just "a little money". Over $30,000 plus sales tax, plus higher insurance, plus higher personal property taxes. So you could be looking at maybe $40,000 saved over 20 years, around $2000/year in my pocket instead of someone else's. I'll take that anytime.
We'll just have to agree to disagree.