Jumping off the Diesel Bandwagon - UPDATED

mowin wrote:
Lol and everyone uses there trucks exactly like the study indicates, and everyone pays the same insurance premiums also...

Or has the need for the diesel... or takes into account MODERN diesel engines with sensitive fuel systems... or varying fuel costs...

I will never buy a depreciating asset like a vehicle for the "resale value". An $8000 option new for the POTENTIAL of $4000 higher resale value 10 years later? If we were really talking about VALUE, you would buy the gas engine, invest that $8000 over the 10 year period and have substantially MORE money than the possible $4000 higher resale value.

What if that engine becomes a turd like the Ford 6.0 or 6.4 engines? Now you paid a premium for an engine that has LESS value to most buyers than a gas engine would. I would feel foolish at that point.

If you NEED a diesel, then you need a diesel. If you WANT a diesel and can afford it, go for it. If you neither NEED nor WANT a diesel, its foolish to pay $8000 more now in the hopes it is worth $4000 more later. You would be better off buying a 5 year CD right now at 2.25% interest. After 5 years you would have made $941, then you could have taken that $8941 and reinvested that for an additional 5 years. At the same rate, after 10 years you would have almost $10,000.

Think of the money I already saved on fuel, now I can sell my gas engine truck AND have an additional $10,000 towards a new truck. Or, I could spend more on fuel for a truck with more power than I need and sell the truck for possibly $4000 more than the gas... I would still have $6000 less though. Face it, the financial argument is poor at best...

Get what you either want or need. Don't try to justify yourself or convince others that it makes sense financially... it doesn't. By the way, this is all if you pay CASH for the truck. If you finance that extra $8000 at 2.91%, you lose even MORE money...