Forum Discussion
Grit_dog
Apr 16, 2016Navigator II
Fordlover wrote:CWSWine wrote:Perrysburg Dodgeboy wrote:
Our Edge Ecoboost can do all of that, and the ecoboost engine was only a 900 dollar upgrade (try to buy the diesel upgrade with only 900), we didn't need to buy a tune, and the backseat is quite roomy for 3. And in an emergency handling situation, I'd rather be piloting the Edge than a truck.
My diesel option was 8200 MSRP but after discounts it was 7200 dollars. A 4 year old F350 according to the Used Car Price Guide you can add 8,000 for the diesel option. Not Bad..... What other option is worth more on a used truck then what you paid for new?
I must not be financially sophisticated enough to understand how buying a 55K dollar truck, then selling it for 10,000 20 years later is anything but a net loss, but it's a win because it would only be worth 4K without the diesel option.
I don't understand. Are you saying buying a $47k gasser and selling it for $4k in 20 years is better?
I'd excpect a 20 year old used truck to not be worth much. Avg say 300kmi, the principle cost is about 0.15/mile without considering inflation. Pretty good if you ask me. I've been able to flip vehicles for an out of pocket around .10/mile but that was with the right deals on both ends and required me to basically start looking for the next new used truck for a screamin deal after buying one.
In general vehicles are and will always be depreciating assets. Greatly because they get wore out hauling your ASSets around for 20 years.
It's possible to "cheat the system" so to speak and still drive a nice vehicle but it typically requires buying and selling used as one finds a great deal and can turn the old vehicle for top dollar.....relatively frequently.
Maybe you're just bagging on the guys that spend big $ on trucks because........
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