Diesel Question...
We are hoping to be able to get one more truck before we retire. Would love to think about a diesel but am scared to death of getting into major repairs down the road. Have any of you had these fear...
Forum Discussion
Turtle n Peeps wrote:jalichty wrote:
4x4ord, do you really mean the truck depreciates $8,000 per year? That would mean that after about 7 years your truck is worth nothing? I'm not necessarily doubting you, more worried about the depreciation on my GMC.
My truck depreciated a little less than 2K a year. I must have got a good one! :B
The list price on my truck was 84,000. My BIL bought an identical truck to mine in the Spring of 2010 (a 2011 model). He paid $72,000 for it and traded it in a couple months ago after trying to sell it privately for 32,000. So his depreciation was over 8k per year. He had a few more miles on his than mine has though. Vehicles (and especially full load trucks) depreciate at an incredible rate in Alberta. I cheated and bought mine in Tennessee so my actual depreciation is a lot less.
