Uber expensive pickups...how much of a trend ?

So I thought of this post today. My husband is out buying a new 2017 F-350 King Ranch dually right now. "It's such a good deal". :R

JAC1982 wrote:
With interest rates at practically zero, why wouldn't you finance them and then invest your cash in something that will give an actual return?

Most of the people I know have nothing or very little to invest. That's why they finance 6 plus years and remain upside when they trade for something else in a few years.

ksss wrote:
According to my commercial salesman, largely the only people that walk in and buy a 70K plus diesel pickup are farmers (on the good years) and contractors. The average person making an average wage with average credit are buying used. There is no question that the prices have over shot the rise in wages.

If they are buying used why are the sales reaching new records almost every month? I see people buying new outrageously expensive cars and trucks because they view them as a status symbol of which few can really afford. See 1-2 year old loaded trucks on dealer lots that were traded in on newer more expensive vehicles. Guy posted on Facebook the other day wanting to sell his 2017 Ford King Ranch because he wanted a 2018. Insane. Those average persons of average wages and average credit can buy anything they want and finance for 72-76 months and no payments for 90 days. They then tire of it and wake up one morning wondering how they are going to pay for it.
A credit rating of 580 will get you the home of your dreams with little down. I see homes being for sale that have been sold previously 6-12 months ago. I envision another housing crisis and MOST of these buyers are millennials. They want it and they want it NOW!

fj12ryder wrote:
I guess if you make several hundred thousand dollars a year it's no big deal to spend that kind of money and watch it disappear in depreciation over the next couple years. I just don't have that kind of discretionary income I guess.

There's more to consider than the incomes of those that buy expensive pickups. There have been some very productive savers among American workers, past and present, regardless their incomes. Income, isn't wealth. Assets are wealth. Depreciation isn't as important as some think it is to many prodigious savers and wealth accumulators.

4x4ord wrote:

hellfirehydra wrote:
They build em all. We purchased a 2016 Ram 2500 CTD for 42k last year. Paid it off this year with 2 kids! I'm far from rich, but we have our priorities.

Plan on keeping it for another 10-15 years unless things go way south!

Finding the truck you want in the US is far from difficult.

I find it surprising that you were able to pay off your new truck with two kids... I'd be lucky to find a dealer willing to give me 1/2 that for my kids even if I offered to throw in the wife.:)

Congratulations on getting it paid off!!

The trade in value on those things is awesome!

goducks10 wrote:

hellfirehydra wrote:
They build em all. We purchased a 2016 Ram 2500 CTD for 42k last year. Paid it off this year with 2 kids! I'm far from rich, but we have our priorities.

Plan on keeping it for another 10-15 years unless things go way south!

Finding the truck you want in the US is far from difficult.

Wow I have 3 kids. Probably could've got a DRW Long Horn Laramie. :B

I've got four, so that should net me a 4500/5500 version?!?!?!?

Marty

hellfirehydra wrote:
They build em all. We purchased a 2016 Ram 2500 CTD for 42k last year. Paid it off this year with 2 kids! I'm far from rich, but we have our priorities.

Plan on keeping it for another 10-15 years unless things go way south!

Finding the truck you want in the US is far from difficult.

Wow I have 3 kids. Probably could've got a DRW Long Horn Laramie. :B

Groover wrote:

4x4ord wrote:

Fordlover wrote:

the bear II wrote:
Pickups are getting scary expensive...

In 1973 I ordered a 1974 model Dodge 1500 4X4 from the factory. I ordered the base model no radio, rubber floor mats, no A/C it was as stripped as possible. The cost out the door was $3800. It wouldn't surprise me if a 2018 equivalent would be over $25,000.

Using an online inflation calculator and inputting your info:

$3,800 in 1973 equals $21,586.86 in 2017.

Considering the advancement of modern vehicles over that 1973 truck, I think 25000 for a new work truck isn't too bad. Of course that new work truck might be closer to 30,000.

Probably a fully loaded 1 ton dually from 1973 wouldn't be as capable or anywhere near as nice to drive as a base model present day 1/2 ton.

I second that. We know that it did not have antilock brakes, airbags, was noisy and rough riding, pretty much a farm truck that gave horrible fuel economy while not producing much power. While there are still some old ones around in general they didn't go much further than 100,000 miles before rusting out and generally falling apart. The new trucks are a much better value. Competition is great for consumers.

One of the best driving and riding trucks I’ve ever had the pleasure of driving was a pristine 77 F100 Short Bed. 3 on the tree, 302 V8. Handled great with good tires...very far from being a log wagon. My 79 F250 4x4 had a little rougher ride but it was not a big deal, when bought it steered terrible. After a front end rebuild and a new steering box it handled great. I regret getting rid of that 79 woods truck.

I think some grossly over blow this whole old trucks and cars ride terrible thing and are horribly unreliable.

My 57 Chevy Bel-Air I’m about to restore will steer and brake just fine and will start reliably.

I do agree about the money part. Last year I paid nearly twice as much in taxes and SSI as I made the first year I worked full time after high school. I donate to charity when I decide and I regularly give to my church because I want to.

Enjoy the fruit of your labor 4x4ord!

Thanks!

Jeremiah

hellfirehydra wrote:
They build em all. We purchased a 2016 Ram 2500 CTD for 42k last year. Paid it off this year with 2 kids! I'm far from rich, but we have our priorities.

Plan on keeping it for another 10-15 years unless things go way south!

Finding the truck you want in the US is far from difficult.

I find it surprising that you were able to pay off your new truck with two kids... I'd be lucky to find a dealer willing to give me 1/2 that for my kids even if I offered to throw in the wife.:)

Congratulations on getting it paid off!!

They build em all. We purchased a 2016 Ram 2500 CTD for 42k last year. Paid it off this year with 2 kids! I'm far from rich, but we have our priorities.

Plan on keeping it for another 10-15 years unless things go way south!

Finding the truck you want in the US is far from difficult.