Real world scenario - we just went through this over the summer. We looked and looked at used 2015 or newer F250 and 350's. Not only were they hard to find, what we did find were ones with 100k + miles and fairly well used. We must have driven a dozen trucks, all with small issues, some with major issues, and nothing I felt was worth what they were asking. With prices being only $10-15k less than brand new and with no warranty left, it made sense for us to spend the extra money for peace of mind on a brand new truck. I understand these trucks hold their value and are pretty reliable. But I felt the extra money was worth more than what it would have cost to fix a major engine or transmission problem if it happened. My last truck was a 2007 F150 I bought brand new. It's started crapping out last year with 250k miles on it. So I don't mid buying new because I take care of them and keep them until the wheels fall off. I just didn't feel good spending $40-45k on a 5 year old used truck with 100k miles and no warranty. There was also the issue of financing. The difference in the rate and terms on a 5 year old truck vs a rebates and incentives on new was almost a wash in amortization. The newer 10 speed drivetrain, decent mileage and increased payload were all factors as well. Trucks have come a long way in 5 years. The 5 year old version of my current truck has less horsepower, less torque, less payload and got about half the MPG.
