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argh.. truck shopping, used versus new...pro's cons.

D

Dave from MN

Well-known Member
having a hell of a time finding a good , low mileage 3/4 ton. Have a couple I am dealing on, gave my top offer, warrenty demands , and left my number for them to chew on to see how bad they want to sell. Getting decent warrenty coverage, in documneted specific coverage is really hard to get out of these dealers. Kinda wonder if with the )5 financing and 100,000 mile warrenties if new is the better route. Do they still qualify for 100% deduction this year, or is that only for new stuctures in 2011?
 
Better off buying new in my opinion if you can.End of the year discounts should be coming soon.

Vito
 
Either find a nice used one and pay for it instead of lowballing them and getting agitated when they dont sell it, or get a new one.

My vote goes to new. You know where the truck has been, what its been used for, how well its been maintained, whos had $3# in it, etc. Plus having a warranty is a big plus. Good luck!!
 
Dave.. First I am the odd man out here on this board. Most push the new. At 67 years old I have been trading every two years for the last 20 years or so. Go somewhere around 55,000 miles in the 24 months. Never spend anything for tires or anything except oil changes. Use for f150s can,t justifiy the cost of the disel. When I look at cost per mile (with tax incentives) and knowing I am going to have a dependable ride. Works for me. All I aver look at is the cost of what it coust me to trade for like vehicle devided by months/miles I have driven. Comes out pretty competive. I am sure there are good used trucks,just not sure they are not over priced.
 
Dave meant to say most on here taunt the advantages of driving USED. And some have good luck...just not for me See my other post.
 
In my expirence the used 3/4 trucks that are in nice shape are overpriced. Just get a new one and enjoy that new truck smell for awhile. Besides, if you arent careful you could end up with a nice looking truck some farmer owned and you know what they do to trucks!!!!
bill
 
In my experience for what a GOOD used truck sells for you can spend another few grand and have one that your the only guy thats beat on it. 3/4 and ton trucks do not lead easy lives, there either worked on the farm or some kid throws a tuner on it and thinks hes John Force.
 
Go in on the last day of the month, and trade for a new one. Then you will get the best warranty, the best financing, and get the right truck. Most of the 3/4 ton diesels I've seen have 100K plus on them, even at two years old. Financing on a 3 year old is not as good as financing on a new one. Then you got the good side of having some truck left when the payments are gone. Going in on the last day of the month gives you the leverage of making them meet their quota, top sales numbers.
 
You fellas pushing new trucks must not live in a state that has a personal property tax.Personal property tax on a $40,000 truck would be around
$2000 the first year.
 
For me the only thing about new is all the emissions related equipment that's continuing to come out on the diesels every year. Things like some of the Fords with twin turbos (twice the expense when repair time comes), and I've read and heard that some of the heavy duty pickups are also starting to use the Urea solutions so that's another expense at fill up time.

Like was said before I'll be one of the odd men out here...and probably out further than others....in saying buy used, and as old as you can possibly stand to go.....especially if you ever plan to be able to do anything but the most basic repairs on it yourself or have them done 'professionally' without paying both arms and legs to go back to the dealership.......
DEF coming to Dodge
 
Big difference in buying new and old depending on where you work.
If you have an office or factory or service job where you just commute it's hard to justify new. If you have a farm or are self employed new makes a lot more sense.
For questions like this I go talk to my tax lady.
She tells me when I should buy a new pickup.
She added it all up for me years ago when my income was a lot higher but with all the depreciation and mileage I could take it really didn't pay much to drive used.
I'd say Dave look at the tax end of it and then decide.
 
Here in NY it's 8% sales tax so it would be $3200 in tax, and the truck is taxed every time it is sold to a new owner
 
I treat my farm vehicles just like my farm equipment with expensing/depreciation/repairs/operating expense/etc.
But you mention depreciation AND mileage. I didn't think you could do both. Could you expand on that?
 
I am really supprised. I was the first to answer and thought I would really be the odd one out by saying buy new . This board tends to be conservative but loking at the answers maybe others have figrued out this tax thing also..
I guess it all comes down to each individuals situation..Income,taxes, and other things
 
Bob,
I don't know a thing about taxes. But I do have a smart Jewish tax lady who oversees my pickups over the course of their lives and wants to know how much I drove that year and being it's my only vehicle what percent of that was personal/business. She also wants to know all my repairs, tires, etc and how much insurance I pay. The last 3 pickups I bought at 5 year increments were at her behest. Leads me to believe there is depreciation somehow.
Again, I don't understand it but think Dave having a farm ought to consider the tax end of things when buying.
It does make new more attractive.
 
Carfax tells you nothing. Basically the only thing it tells youis about accidents. Might tell you who owned it and some mileage info. If I could go new I would. Minus the occasional lemon, you have a new vehicle, that only you have abused. No chips, no mud running, no guy that treats his truck the way they do on the pick up truck commercials.
 
I thought u could only go so many miles from the farm or something like that, can't use the truck for anything but farm use ect. I may be wrong.
 
You figure depreciation on the vehicle and for mileage you take either an allowed rate per mile OR actual operating costs, ie, fuel, repairs, etc. I"ve always used actual expenses. The truck is 90% farm use and the car is 51%, for both depreciation and op expense.
 
Farm plate is strictly between farms- specified routes, etc.
Agr. plate is go anywhere, do anything, as long is it's your OWN, NOT for hire. About 2/3 the cost of a commercial plate. I just renewed my 54000# truck and my 6000# pickup for $301 (1 year)
 
You can take section 179 to expense used items in the year of purchase, and you do not ever take depreciation on it. On NEW equipment you can get bonus depreciation. A GOOD CPA is well worth the money.
 
I buy used but in this market I would look hard at new. I saw an ad in yesterdays paper for a new car,the next column was for the same car two years old and the same money and at the same dealer. And where did all of the noise about diesels come from, read the post before you type.
 
I have bought new vehicles for almost 40 years. I always thought my best value was buying new and driving it forever. I always had something I waqs comfortable gedtting in and driving anywhere because I knew it's history and maintenance record. Last one I had I owned for 17 years and put 195,000 miles on it with minimal maintenace cost.
 
How come on a new vehicle the tires, belts, batt, and other stuff lasts forever. Replace something and it may be gone before you get home. Nother thing exhaust system, plus you get best warranty from company that made it. Dave
 
It's usually cheaper to buy a new truck compared to what dealers are asking for late model used trucks.I've bought new ones thousands less than some dealers were asking for used.Then you can deduct the total cost,so why buy used.I usually trade every three or four years for the best tax break.
 
Whatever you do, DO NOT waste your $$ on aftermarket service contracts. If you want extended warranty coverage, get it through the manufacturer such as GMPP on GM vehicles. The aftermarket contracts are notorious for fine print like "Only on Tuesday with a black cat crossing your path walking backwards"...
 
I just put a new reman in a 3/4 ton Chevy I bought last year, intake gaskets had been changed and someone along the line dropped in a bolt. If you could swing it I would buy new and have it around for awhile.
 
You are one of many searching for one of a few. When demand exceeds supply price goes up. I sold a well over 200,000 mile D2500 diesel outright for 10K. No negotiation no nothing except cash on the barrel head. Sold in 1 day. It had a rough body and hard use. Now gas is a different story.
 
With the sales of vehicles down for 3 years into the 9 or 10 million range, there are fewer used vehicles out there, pushing up used prices. Vehicle sales were up in the 19 million range.
 
I could afford to buy a new truck but I drive a 23 year old one because I only put 3000-4000 miles per year on one...Some of the guys around here with newer Fords and Dodges sure arent happy with them because of poor fuel mileage...

A friend recently wanted to sell me his like new 2006 Dodge 2500 Cummins extended cab 4x4 with only 38,000 miles but I told him no thanks....I'm sure that it would have been 25-30K..
 
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