2020 vs '17-'19 Ford 6.7
Who has upgraded from a '17-'19 or older model to a new 2020 6.7? If so is your fuel economy better? How do you like the 10 speed? How do you like the electrohydraulic steering? Some say it f...
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Mbiviano wrote:Grit dog wrote:
4xford.... you just sunk your own battleship.
Your backing skills are exemplary, but not your math.
If I’d claimed I could average $2k/year depreciation by trading up, I wouldn’t have written a paragraph admitting I’d be $7k a year into it!
I don’t think he said anything about depreciation per se, he’s just comparing cash outlay.
4x4ord-If I’m following your numbers you were really only $3k (63k v 60k) worse off over the ten-year period, correct?
That's right. The mistake that many people make with their math is they figure they're constantly putting out cash to up grade one way. So they spend 118k over 10 years. (55k to start with and 63k upgrading) Then they consider keeping the same truck for 10 years and think "I paid 55k for that 2010 truck and I can sell it for 20k today, so it only cost them 35k." The thing is, after selling the truck in the second scenario he needs to spend 80k to buy a new truck again to get to where he would be in the first scenario.
