N-Trouble wrote:
If your trading in truck every 3yr you never technically own it... Again a car salesman dream to be able to keep you in monthly payments the rest of your life. If you truly believe $2k/yr Ive got some great affordable ocean front property in NV Id like to show you. Lol...
Here's some actual numbers for you to consider:
I paid cash for a new Super Duty in 2011. Five years and 100,000 miles later I sold it privately and by adding $27k to the sale price I bought a 2016 Super Duty. 18 months and 35,000 miles later I sold the 2016 privately and by adding $15k cash I purchased a new 2017 Super Duty. If I were to sell my 2017 today, with 28,000 miles on it, I believe I could add $21k cash and purchase a new 2020 SuperDuty.
So if I replace my 2017 I will have a total of $63k plus my 2011 Super Duty spent to own a new 2020 Super Duty Platinum.
Had I kept my 2011 Super Duty it would now have 163,000 miles on it and be approaching 10 years old. If I were to sell it today and buy a new 2020 I would likely be looking at about 60k difference. I would have saved some money by having less money tied up in a vehicle over the last few years had I kept the 2011 but, on the other hand I might have had some repair bills to offset some of that.
So like I said owning these trucks costs a lot of money but whether you trade every 3 years vs every 10 is not really a big deal one way vs the other.