I'm curious to know what you would do?
I am replacing my 2022 F350 Platinum with 26000 miles. I can replace it with an identical truck .... 9 months newer and 1/2 the mileage for $4000 difference .... or, for $14,500 (CAD) difference I can...
Forum Discussion
4x4ord wrote:spoon059 wrote:
I feel foolish for upgrading a 10 year old truck, even though I'm pretty sure I'll need a dually. I can't imagine how I would feel upgrading a 1 year old truck...
There is only one way you can get around inflation ... never buy another new truck. So, although I realize the math doesn't work for most the way it has for me, I still think for those who will some day buy a new truck, the total cost of ownership for those who upgrade more often vs less often isn't terribly different. It does kind of depend on how interest rates affect you.
I upgraded to a 2022 last year from a 2002 with 268k miles that I bought new. My cost of ownership based on price, and repairs is about $0.12 per mile. That doesn't include the money made on investing the amount of a car payment over 20 years.
Granted I don't put many miles on my truck, nor is it used for business where it can be depreciated.
