โMar-02-2020 01:52 PM
โMar-03-2020 12:55 PM
larry barnhart wrote:Oh absolutely, I just think that telling a person they're not saving any money, to speak of, by driving an older paid-for truck vs buying a brand new truck is specious.
It is a want not always a need. I traded a great truck will a want only not a need. Lots of so called million mile trucks are traded for the want reason. Ok I think
Chevman
โMar-03-2020 12:53 PM
fj12ryder wrote:4x4ord wrote:"A little money"? I paid $18,000 for the truck, and I've spent maybe $3000 over the years for things that wouldn't necessarily have to be done with a new truck. That amounts to $21,000 vs $50,000 or more for a new truck. To me that's more than just "a little money". Over $30,000 plus sales tax, plus higher insurance, plus higher personal property taxes. So you could be looking at maybe $40,000 saved over 20 years, around $2000/year in my pocket instead of someone else's. I'll take that anytime.fj12ryder wrote:
"There is the sales tax, the higher cost of insurance and the cost of borrowing (or lost opportunity cost if you pay cash) on the additional out lay of money that must be taken in to account but owning a newer truck isn't a tremendous amount more expensive than owning an older one."
You can honestly write that with a straight face?
I'm comparing one scenario where a person buys a new truck and keeps it for 12 years before selling it and buying a new truck again vs the guy who buys a new truck and replaces it every 4 years. Option one vs option two .... the costs are not going to be tremendously different. The guy who can buy a 20 year old truck and keep it going can probably save a little money.
We'll just have to agree to disagree.
โMar-03-2020 12:31 PM
โMar-03-2020 12:08 PM
4x4ord wrote:"A little money"? I paid $18,000 for the truck, and I've spent maybe $3000 over the years for things that wouldn't necessarily have to be done with a new truck. That amounts to $21,000 vs $50,000 or more for a new truck. To me that's more than just "a little money". Over $30,000 plus sales tax, plus higher insurance, plus higher personal property taxes. So you could be looking at maybe $40,000 saved over 20 years, around $2000/year in my pocket instead of someone else's. I'll take that anytime.fj12ryder wrote:
"There is the sales tax, the higher cost of insurance and the cost of borrowing (or lost opportunity cost if you pay cash) on the additional out lay of money that must be taken in to account but owning a newer truck isn't a tremendous amount more expensive than owning an older one."
You can honestly write that with a straight face?
I'm comparing one scenario where a person buys a new truck and keeps it for 12 years before selling it and buying a new truck again vs the guy who buys a new truck and replaces it every 4 years. Option one vs option two .... the costs are not going to be tremendously different. The guy who can buy a 20 year old truck and keep it going can probably save a little money.
โMar-03-2020 11:42 AM
โMar-03-2020 11:17 AM
fj12ryder wrote:
"There is the sales tax, the higher cost of insurance and the cost of borrowing (or lost opportunity cost if you pay cash) on the additional out lay of money that must be taken in to account but owning a newer truck isn't a tremendous amount more expensive than owning an older one."
You can honestly write that with a straight face?
โMar-03-2020 10:17 AM
Camreal wrote:
To the OP, I have an 05 with 199700 on it. Most items listed have been checked or replaced including alternator that was still working. On a short weekend trip 5 months ago I had what I thought was smoke coming from under the hood. Turned out to be high pressure diesel spraying out from #4 injector fuel supply line. Drove it another 100 miles home. This seems to be a common problem on 05 common rail series. Most auto supplies stock that line . I now carry a spare. Check your injector line fittings with a wrench. They are easy to get to. Sorry for the long post.
โMar-03-2020 10:02 AM
โMar-03-2020 08:26 AM
โMar-03-2020 08:02 AM
Durb wrote:4x4ord wrote:
^^^^ I see. I was mistakenly thinking he bought his truck new 7 years ago and it never depreciated in the first 7 years. He bought an eight year old truck 7 years ago. So his idea is that a truck depreciates for the first 8 years then stops depreciating for the next 7. I wonder when it will carry on depreciating again? I'm thinking I'd rather watch my new truck depreciate than my 15 year old one do the same.
According to KBB, my 16 year old truck has depreciated approximately $1,000 since I bought it used 7 years ago. If I were to replace it, which I could, the 8.6% sales tax on a $50,000 truck alone would be $4,300. The fact is, like me, the OP has a unique vehicle, a pre-emission Cummins with low miles. I live in the Northwest so rust is not an issue. Our trucks reliably do the job and I suggest our depreciation rates going forward will outshine those of a new truck.
โMar-03-2020 06:44 AM
โMar-03-2020 06:03 AM
โMar-03-2020 05:48 AM
4x4ord wrote:
^^^^ I see. I was mistakenly thinking he bought his truck new 7 years ago and it never depreciated in the first 7 years. He bought an eight year old truck 7 years ago. So his idea is that a truck depreciates for the first 8 years then stops depreciating for the next 7. I wonder when it will carry on depreciating again? I'm thinking I'd rather watch my new truck depreciate than my 15 year old one do the same.
โMar-03-2020 05:11 AM
โMar-03-2020 05:08 AM