Forum Discussion
mich800
Jan 05, 2014Explorer
monkey44 wrote:Francesca Knowles wrote:monkey44 wrote:
For, example, when you look at a 2500 GMC in 2003 at well under $30k, and then look at the COLA since that time frame, about 12.8% combined, we see a price increase in fact of over 28%% combined, makes you wonder about value for the bucks.
Ya know what? I just looked, and either your math is off or I'm missing some important detail.
$30,000.00 in 2003 is $38,000.00 in 2013 dollars, according to the adjust-for-inflation calculator at this link.
MSRP's for the 2014 (one year newer than 2013) GMC 2500 PU begins at $32,000. Link
Even assuming that folks'll want a bunch of upcharge bells and whistles, I don't see the huge out of bounds increases you seem to.
What am I missing?
Francesca: Well, you're missing the price I paid for my 2500 4x4 GMC in 2003 and the price I was quoted for a "similarly equipped" 2014 at the dealer last month. Those are the actual numbers I used, not the 'fantasy numbers' we all can see in the ads ... Ever seen one in a dealer lot for the price you see on the ads? And, lease, same way. That 'quote' is for a bare-bones work truck that no one wants or buys.
My 2500 GMC truck cost me just under $28,000 in 2003, but when I went to the dealer, the price for 2500HD was $46,000. But, the dealer will give off price to $39,800, and the equipment is less than in my original truck in 2003. This 2014 truck had bench seat (Buckets = $1200 option in mine) and minimal radio/mp3player, where mine has upgrade = $1000 for 6CD and Bose, top of the line at that time.
So, the prices are a bit out of line with other components of our economy - that's the only point I'm trying to make here. When we look at truck prices, I just drop my jaw ...
That is not really a good study. This is just what you paid and quoted. Maybe your deal was really good on the first purchase and not so good on the second. Just because the market dictates you cannot get as good a deal now does not mean prices have increased more. Just that demand is stronger now.
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