Depressing Depreciation
In Alberta in 2011 my truck had a list price of just over $84,000. It could be bought for $70,000 cash. Now, three and a half years later with 62,000 miles on it I would be doing good to get $40k out ...
Forum Discussion
Bamaman1 wrote:
I assume you're talking a 1 ton diesel crewcab 4x4 at the prices you're talking.
If you're someone that trades often, lease. If you buy a diesel for the long run, that's where the value of a diesel lies.
My 117K mile F250 is almost 12 years old, and it still looks and runs like new. My Lariat crew cab 7.3 diesel with all options except 4x4 cost $32K new, and it's still worth quite a bit.
We're sorry to see that Canadians have to pay so much for your vehicles, taxes, etc. It's simply an expensive place to live. We hope to see you in Florida for the long winter, however.
Yep, 1 ton diesel CC 4x4 with all the toys. I think your right that keeping a truck for many years is a less expensive way to go. I need to learn to be content, although, a truck costs money to own wheather it's high depreciation on a new one or lower depreciation and higher repairs on an old one.
Not sure about Florida but certainly somewhere warm to break up the winter.
