new truck cost!!

valhalla360 wrote:

IdaD wrote:

Trucks don't depreciate that much. In fact I ended up buying a new truck last year because the used models I was finding weren't discounted nearly enough compared to new to be worthwhile. Granted, I wanted a diesel crew cab truck with 4wd which is no doubt the highest resale value configuration. Still, I wasn't willing to trade 7 years of use and 80,000 miles to save maybe $8k versus a brand new truck with a full warranty. I do realize if you compromise on diesel, 4wd and/or crew cab, you can get steeper discounts, but those were all essential to me.

Edit - I paid $39K for my truck. I expect it'll still be worth considerably more than $10k after 10 years of my use.

Obviously, the exact model and options plays into it but yes, look at 10yr old trucks with around 100k miles on them and they are priced at a small fraction of the sticker price. With modern trucks, there is no reason not to expect reliable operation for another 100-150k miles.

If you have the money and it makes you happy, more power to you to buy new. I will agree the list prices on 2-3yr old trucks sometimes seem a little crazy but I'm not sure if some of that is with the expectation of deeper discounts when you actually get down to haggling. By the time you get out to 5-7yrs, the list prices seem to get more realistic. (as with sticker price for new, list price with used is often far from the actual selling price)

I think you're way off. My 2015 was $39k. The first six hits on my local craigslist listings for 2005 Cummins pickups:

$23,500 - 180k miles
$36,995 - 65k miles
$23,900 - 150k miles
$19,900 - mileage not listed
$26,500 - 144k miles
$24,995 - 138k miles

Not even close to $10k, and these trucks didn't sticker for $85k new.