Vintage RAM.... what to do?
I cannot believe how long I've been away from this forum but it seems like just yesterday. In 2003 I agonized over diesel v gas and would the Dodge 48RE tow heavy. I can surely say that now I KNOW...
Forum Discussion
4x4ord wrote:
If I was going to pull some numbers out of a hat I would say 6 years from now your net worth will be $24000 higher if you keep your 04 and spend a little money on it vs buying a new one. I'd buy a new one.
I want one of your hats.
OP has a say $15k truck he’s looking to dump $20k into.
Now he’s got a truck that is $35k into it that will be worth $15k in 6 years, maybe.
Option 1 net worth $-20k.
New truck, reasonable truck, $55k out the door - $15k for the old one = Net of $40k out of pocket. 6 year old low mile diesel (only 140k on the first one in 15 years), sells for $35k.
Option 2 net worth $-5k. Call it 10 if he racks up some miles.
Your theory is great if the OP wasn’t planning on pouring 2 buckets full of money into the old truck.
