New and used truck prices......holy smokes!

Webbinator

Webbinator

Well-Known Member
Joined
Mar 20, 2005
Location
York, SC
Been looking at trucks since my '03 Dodge 2500 CTD is most likely going to need to be replaced in the next year or so. It's got 235,000 on the clock and we travel a lot towing our camper. Still runs great and has never let me down, but it's starting to get the little things going bad here and there just from normal 10 years of everyday use. I'm total floored at how expensive trucks have gotten now. I don't know how anybody affords to buy one, even used. The payments have to be totally nuts. I've come across diesel pickups that have close to 100,000 miles and they are still priced at over 30 grand. I didn't pay that much for my truck new. New ones are priced 40 to 60K. :eek: I just don't get it. By the time I do actually HAVE to do something there is no telling how much worse it will be. Mine's been payed off for a long time now so I'm going to have to go from no truck payment to a whopper of one.
 
My thoughts are that dealers and lenders are offering longer payment plans thus bringing the monthly cost down. In turn people think they can afford more so this drives the price up.

"Well ya this truck is $50k, but look what monthly payment we can get you at if you finance it 7 years"
 
I just picked up an 07 Tundra for $19k. It has 130xxx miles on it. All of the other 07-10 Tundras that I looked at with under 100k miles, 4x4, big v8 were going for over $23k. This truck was a $40k truck 6 years ago. It will make you sick how much a new one will depreciate. $20k in 6 years? Finance a new one for 7 years and you will end up losing your @$$ between interest and depreciation.
 
sgtbriangreen said:
I just picked up an 07 Tundra for $19k. It has 130xxx miles on it. All of the other 07-10 Tundras that I looked at with under 100k miles, 4x4, big v8 were going for over $23k. This truck was a $40k truck 6 years ago. It will make you sick how much a new one will depreciate. $20k in 6 years? Finance a new one for 7 years and you will end up losing your @$$ between interest and depreciation.
Click to expand...

I'm guessing he is talking about 3/4 ton or larger trucks. 1/2 ton trucks lose their value pretty heavily. In the diesels I have been looking at, if I spend around $18k on a new Duramax I'd be sitting with a truck with 200k miles. Unless I go to Texas......
 
YUP! Prices are crazy.
 
Blaze said:
I'm guessing he is talking about 3/4 ton or larger trucks. 1/2 ton trucks lose their value pretty heavily. In the diesels I have been looking at, if I spend around $18k on a new Duramax I'd be sitting with a truck with 200k miles. Unless I go to Texas......
Click to expand...

True, but look at the specs on a Tundra with the 5.7 and factory towing package. It is damn near a 3/4T truck. I know a couple people that traded F250 diesels for Tundras because they towed better.
 
sgtbriangreen said:
True, but look at the specs on a Tundra with the 5.7 and factory towing package. It is damn near a 3/4T truck. I know a couple people that traded F250 diesels for Tundras because they towed better.
Click to expand...

Let's not have this conversation again. :lol:
 
My little bro was in the market for 3/4-1 ton truck a couple months back. He was looking at Fords in the 03-07 range. Keep in mind that's a 6-10 year old truck. Gassers were in the 15-20k range depending on options and miles and diesels were still in the 20-25k range (except the 6.0...about on par with gassers). The way I see it...save that $500/month payment over the next year and put that $6k in to your truck.
 
Blaze said:
I'm guessing he is talking about 3/4 ton or larger trucks. 1/2 ton trucks lose their value pretty heavily. In the diesels I have been looking at, if I spend around $18k on a new Duramax I'd be sitting with a truck with 200k miles. Unless I go to Texas......
Click to expand...


I went to TX. Spent $500 and saved close to 3k.
 
GotWood said:
I went to TX. Spent $500 and saved close to 3k.
Click to expand...

I was being serious, I plan on doing the same actually. I found some trucks down there that are the same price as similar trucks up here, but the ones here have like 75k+ more miles.
 
I've traveled for a truck. Bought an F250, drove it for 3 years, and got rid of it for what I purchased it for 3 years prior :D

Don't be afraid of 100k miles on a diesel
 
sgtbriangreen said:
I just picked up an 07 Tundra for $19k. It has 130xxx miles on it. All of the other 07-10 Tundras that I looked at with under 100k miles, 4x4, big v8 were going for over $23k. This truck was a $40k truck 6 years ago. It will make you sick how much a new one will depreciate. $20k in 6 years? Finance a new one for 7 years and you will end up losing your @$$ between interest and depreciation.
Click to expand...


Couple things wrong here.
Ive been looking at Tundras. I can by a NEW 2013 4 door (not the crew max) 4wd for $29k.
I just drove a 2012 with 23k miles last week they wanted $26k for.

I personally believe in never financing a depreciating asset at anything above inflation or you are getting ape raped.

Finally year for year a Tundra does not compare to a 250. Now compare your 07 Tundra to an 04 250...sure. Maybe.

But I will promise you...load em up and pull with your 07 tundra and then drive my 07 F250 with 200k+ on the clock and there will be no argument. And I m not talkign power, Im talking stability, braking, squat etc.

Again. Im a tundra fan. Propbably going to buy one. For towing ~7k or less they are great. Put 14-15k behind it and compare it to a 3/4ton truck and its night and day different.
 
I did love a truck salesman trying to get me to finance a new diesel for 7 years for $525/month..
I pointed out the 6 years and 200k miles on mine....and asked him how heed like to have 2 years of payments left on a 200k mile truck.
 
A ctd with 235k is a baby , look what you can do to your current truck by setting aside a third of monthly payment on new one to repair the little things. If its a good truck that just needs repairs, repair it. New trucks come with a payment and lots of problems.

Sent from my HTC Glacier using Tapatalk 2
 
Cory said:
A ctd with 235k is a baby , look what you can do to your current truck by setting aside a third of monthly payment on new one to repair the little things. If its a good truck that just needs repairs, repair it. New trucks come with a payment and lots of problems.

Sent from my HTC Glacier using Tapatalk 2
Click to expand...

New trucks have warranties that cover problems.
The CTD will last half a million with proper maintenance...the problem is the joints, trans, seats, dash, fuck the entire rest of the truck.
And when it breaks down hundreds of miles from home with a trailer behind in the tow bill alone can be 4-5 months of new car payments.
 
I'm driving the same '02 ctd I bought new. I recently thought about buying a newer one just to get 4 full doors and a 6spd manual After not much thought I figured it wasn't worth it. I've spent the last eleven yrs getting to know it and making it the way I want it. In the past3 yrs I completely rebuilt the front axle ($800 in parts) and had the NV4500 rebuilt($2K). In my eyes it should be good for ANOTHER 200k. It's not a daily driver but is well over 200hp over stock and gets driven like a hot rod when it does venture out of the shop.
 
If you do your own work and take care of your own stuff, then keep the truck and fix whatever problems may arise. Be proactive with it too! Piece of mind is worth a lot in my mind and still WAY cheaper than a new truck. Fluids, u joints, steering components, and other common parts are easy enough to replace.

With a new truck you'll basically have another mortgage, you'll have to have full coverage insurance (you may already, I don't know), if it's diesel you'll have to deal with all of the new emissions stuff, most likely urea injection as well, and it still might not do any better for you than your current truck. I convinced myself a LONG time ago that I would never have a new vehicle.
 
Ron said:
New trucks have warranties that cover problems.
The CTD will last half a million with proper maintenance...the problem is the joints, trans, seats, dash, fuck the entire rest of the truck.
And when it breaks down hundreds of miles from home with a trailer behind in the tow bill alone can be 4-5 months of new car payments.
Click to expand...

I think this is what keeps sticking in my mind, the breakdown with the camper, wife, and daughter in tow. I guess new truck could easily do the same thing though.
 
Ron said:
Couple things wrong here.
Ive been looking at Tundras. I can by a NEW 2013 4 door (not the crew max) 4wd for $29k.
I just drove a 2012 with 23k miles last week they wanted $26k for.

I personally believe in never financing a depreciating asset at anything above inflation or you are getting ape raped.

Finally year for year a Tundra does not compare to a 250. Now compare your 07 Tundra to an 04 250...sure. Maybe.

But I will promise you...load em up and pull with your 07 tundra and then drive my 07 F250 with 200k+ on the clock and there will be no argument. And I m not talkign power, Im talking stability, braking, squat etc.

Again. Im a tundra fan. Propbably going to buy one. For towing ~7k or less they are great. Put 14-15k behind it and compare it to a 3/4ton truck and its night and day different.
Click to expand...

Buddy of mine just went through this same thing with Tacomas. The used market was stupid. They bought a brand new truck with 75k less miles for $3-4k more out the door.

And yeah, anybody that thinks their half ton truck is equivalent to a 3/4t diesel is welcome to hook up to my trailer any time they'd like. I've got to warn you, though... your truck might get bent.
 
Yeah Ive noticed this too. I KBB'ed my 06 Megacab. I bought it new for 36,000 - now with 90,000 miles its worth 32,000 (and that's before I put a few more $$$ on it because it has a bulletproof transmission)
 
Back
Top