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Pickup truck prices: up and up

You don't. You buy a 10 year old one with around 100K miles on it for less than half of new. Still has 150K miles or more left in it. Let the fools that can't do math take the depreciation hit.
AaronSEIA
 
I can't figure why anyone in their right mind would
buy a new truck unless they have money to burn.

Most I ever paid for any truck ever was $3300. That
was for my Dodge diesel 4WD.
 
It usually takes about five years for the price of a pickup to drop to half of new price of a new one. Cars do this in about three years. For me, a three year old lease return car with around 35,000 miles can be a good deal. Good used pickups are out there, they just take more hunting to find.

Many new pickups are purchased as a tax deduction.
 
Ya,I posted this link to some prices a few weeks ago. Here it is again in case you missed it.
I see Chevy is running commercials now with women claiming how much sexier the same guy is with a pickup instead of a car. I always thought if anything ever happened to the wife I'd have to buy a car to chase women,but I guess not. All I have to do is drive down the city streets in my pickup and I'll drive out of town with the box full of women.
Fastline
 
Add the cost of financing, insurance, taxes, dealer prep, destination charges, and fuel...and it can cost more than your house.
 
My son is working in the Ford plant that is making the new aluminum truck. He said that the company had a big presentation at which was stated that their are 43 new trucks sold in the USA every minute. I find that hard to wrap my head around, but if it is true, who are they selling them to?
 

Yeah, I agree. I bought my '02 Silverado 4x4 work truck with 47k miles on it for about $11k in '04. Got 130k on it now. Won't ever sell it. Needs some bodywork, pretty much overhauled the engine for all the typical issues the 4.3 v-6's had. I figure I could put $500 in new rocker panels and even replace the entire engine and trans if I had to and still be further ahead than buying a new one. It's got no frills but will carry everything I need and pull anyone I want out of a ditch (just pulled my daughter out of a snowbank on Thursday night with it instead of waiting for a tow truck).

Had to replace the non-motorized side mirror from banging them on trees in the woods. $25 apiece. Afraid to think what they would cost with motors and turn signals in them. :shock:
 
I have bought farm land for less than a new truck cost. Look at a new F250 diesel 4x4. It would be nice to be able to coordinate with southern members on this forum to be able to by rust free trucks to take back to farm and use. Mine never see a lot of miles, they just rot away sitting in the driveway. Had a few new ones years ago, but never again. totally out of my price range.
 
You're in Michigan aren't you? Keep watch of Sykora's site for the Mears Group auction that they have every year.
I bought this one in September at their 2014 sale. The service records on it are out of California. No rust anywhere. I gave $5250 for it. 07 F250 4x4. They had 23 pickups this time around. That was a little light,there's usually closer to 35.
a182867.jpg
 
Thats the type of thing I am talking about. Buy a truck for a price that wont make you cry if it gets scratched. Guy needs to be able to drive something that doesnt shame him to be seen in, yet not have to borrow money to own.
 
A lot of them sold here in AZ are 4X4's that young guys want to go out and tear up the desert. Most of them though just want a big truck to drive around the city with; I don't know who they are trying to impress.
 
New pickups are pocket change compared to what tractors and farms are selling for.
 
Think a base model F-150 (2015) is priced at 26,600. That's with no bells & whistle options & no 4-door cab. Most people don't want truck equipped that way. Many are accustomed to a monthly payment for several years if they have a town job. Not all trucks are priced at 65,000 plus.
 
Well, if nobody bought used pickups, there would be no used ones.

When I see numbers like that, I have to get out my calculator....

Let's see.....43 trucks a minute times 60 minutes in an hour is 2580 trucks an hour. Now times 24 hours in a day is now 61920 trucks per day. Now, there are 365 days in a normal year. That makes 22,600,800 trucks a year. Is this still a believable number? Sounds a bit high to me.
 
Motor took a dump in my 95 Chevy 4x4. Put a motor in a 20 year old truck, no way. Looked around at some newer trucks for what they wanted and not as nice as mine. New GM crate motor went in last week.
 
Ummmm.....someone heard wrong. It's one Ford truck sold every 43 SECONDS.

Still, that's a lot of new trucks(!)
 
In early January Ford dealers were pushing out old
stock F150 2014 models V8 auto regular cab
$19,999.00. Don't seem too bad in today's world.
If wanted a new truck, I would have ran out and
snagged one. New four door Dodge 4x4 gas, can be
bought here for $27,000.00 plus tax. My son just
bought one.
 
Buy parts for your existing, keep replacing, rebuilding, restoring...and using. My '94 has 304,000k on it and I'm going to get a million on it. There's a new every part of the body out in one of the barns, except the cab and I'm looking for one of those too. And when it goes and can't be rebuilt or repaired any longer, if I'm still alive and kicking, I'll start using one of the others setting in the barn and ready to go. Buy a new truck? Not anytime soon even if they DO ban fossil fuel altogether with an executive order to buy a solar or battery powered one. Cash for clunkers never impressed me.

Mark
 
Got a new 2014 Silverado Z 71 double cab in June. Love it,
my '98 Z 71 had 214,000 easy miles . Traded for $33,000 and
change. I've had used and I've had new. New is better!!! By
far!! True Son
 
When is KIA going to sell a small 4x4 truck for <$15k? Not sure of longevity though;-)
Sadly truck prices are now reaching the end of diminished returns, they are pushing 6 year plus financing that leaves you way upside down. Ever heard of the "housing bubble" a few years ago?
 
I am borrowing My Dads spare pickup right now and have been pricing pickups this past week. I like to pull a 16' car trailer and haul a couple tons in the box and so I have been looking at F-250's and 2500's around the 1999-2003 age range and so far the best deal I have found is a 2000 F-250 4x4 extended cab with 90,000 1 owner miles for $9,495 I have seen a lot of nice pickups but the miles some people can put on in a year amazes Me. Most pickups in this age range have around 175,000-200,000 and are still selling for around $10,000 mark in this area. I paid $5500 for My 89 F350 with 89,000 miles on it and I just plain wore it out so I am giving the market a little more time and if I cant find something decent My old horse is getting rebuilt.
 
I'm thinking, go back in time. I see restored 50 era trucks for
15k. No frills. Easy to work on. Cheap plates. Cheap
insurance. Yea their not as safe or comfy but their are
coooooool.
 
Can't speak for the carpenter or plumber but us
farmers all bought new pickups 2 years ago when corn
and beans were at historical highs and tax payers
were giving us "free" money on top of that. So us
farmers are good to go for a few years.
 
And a majority of those new pickups are financed so add interest to the price tag. I paid Interest on a new pickup purchase in 1979. That's the last time I've financed a pickup but I haven't had many pickups through my lifetime. Last one I bought and it might be my last, was a four year old Colorado. My friends told me they won't recognize me in a newer shiny pickup. LOL
 
Well,JD, there are plenty of "elite" in every company, University , school system,hospital, federal/state/local government etc , that are hauling in $ 100,000 - $ 500,000 a year on the backs of tax payers and $ 15 per hr workers just trying to stay ahead of the bills. There's enough of them and leases to keep them truck prices up.
 
Its hard to repair or rebuild our old trucks up north here where they salt the paved roads on a daily bases all winter for ice and snow, then salt the gravel roads in the summer for dust. Buy the time you have your truck paid off you can throw a cat though the holes rusted out in the box. Makes me cry to see scrappers get a hold of nice solid trucks that just need a engine or tranny. ought to be a way to line up guys needing bodies with guys wanting to off an old truck needing work. Maybe low scrap prices will help save a few.
 
Like others said, cut out all the goodies and
order a base model and nearly cut the cost in
half. Ask around, our local grain co-op is huge.
They order X number of fleet vehicles every year.
They let the local co-op members order through
them to get a better fleet price. For a run
around pickup, meaning not for pulling, stay with
a half ton, gasser, small motor and I bet you'd
be surprised how low it could be. About the only
option I wouldn't live without is 4WD.
 

They should be just as Safe as when New...

Do you really think you need "Traction Control" or a "back-up Camera"..??

It is a Chore, not becoming the typical "Sheeple", believing everything they throw at ya..
 
I bought my 2005 Dodge new in late 2005 as a carryover. It's a bare bones 4x4 that I got for $16xxx out right no trade in or interest. I'll keep it until the wheels fall off. I've been looking to buy a new Ford and have found a few equivalent 2014 F250's in the $28,000 range. That's still a lot of money but compared to a loaded F250 it's not bad.
 
I was one of your fools, do it ever two years, Drive about 65,000 in those two years and do it again.
 
(reply to post at 13:10:10 02/14/15)
Click to expand...
never bought new and i never will.
I get interested in a pick me up truck when they are around 5 grand and it better be a diesel to boot,...and fords don't need to apply.

I just bought me a 07 GMC 3500 D-max last april...$4300.
 
If you buy a ford with a 4.6 or 5.4 you will be replacing the
exhaust manifold sooner or later a known problem.i have a 04
f250 love it had to replace both sides
 
Live in northern "rust-belts" my whole life. If it wasn't for rust - I'd never get rid of any car or truck until gas and diesel was banned. I just buy non-rusty rigs from other states like Arizona, Colorado, California, etc. Last rust-free truck I bought was my 1994 Ford F250 extended-cab diesel 4WD with a fifth-wheel hitch. Spotless with 175,000 miles on it for $3200. Got 260,000 miles on it now and it runs like new. Only repair I had to do was the E40D trans which cost me a little over $2000. I recently bought another rust-free Ford that has been in northern Michigan since new. 1995 Ford F150 with 4WD and 300 cube six. Never been on a public highway in the winter, so no rust. 65,000 original miles. Paid $1200 for it which was a steal as far as I'm concerned. Cheaper to drive then my F250 diesel.
 
I figure I can do a complete 'restoration', plus some good upgrades on my '96 F-350 Powerstroke for less than the cost of a new pickup.
Would be more reliable, even if it wasn't quite as comfy...

Ben
 
Yeah.

Coupla years ago, I bought a 2000 Chevy X cab short box 4x4, loaded up with everything, including 207k miles, for $3500 cash. Runs and drives good as new. No rust.

I've put 3200 miles on it since. I don't use a pickup that much, but when I need one I want to have one sitting there ready to go.

It's beyond my comprehension that anyone would pay $50,000 for a pickup. When you figure insurance, taxes, interest, depreciation, it's insane. My money is much happier in mutual funds, etc.
 
I just bought a new f150. it is a 2014 crew cab xlt. I love it! yes it
was stupid expensive but to me was worth every penny. I traded in
my 2004 f250 with the 6.0 diesel i hated that truck i spent more on
repairs than i did on the truck when i first bought it. I travel 130 to
150 miles a day 5 days a week. To have my daily driver with a
warranty meant a lot to me. I will probably buy an old f350 or 450
dually with a flat bed later to pull trailers and so forth. But I would
have spent more to get away from that dang 6.0
 
I don,t have money to burn but can afford the cost of the truck AND can prove to you the cost per mile is very close to driving old stuff and constant repairs. In the last 30 years I can,t think of any brake job, alternator replacement, battery replacement, none of that stuff jus buy new drive it two years or about 65000 miles and trade again. At most sometimes will have to put on two front tires. Again don,t think I am out of my mind but again you have you right to your opinion and I have learned over the years on here you have some good ones.
 
(quoted from post at 11:22:42 02/14/15) My son is working in the Ford plant that is making the new aluminum truck. He said that the company had a big presentation at which was stated that their are 43 new trucks sold in the USA every minute. I find that hard to wrap my head around, but if it is true, who are they selling them to?
Click to expand...

every other car down here is a pickup.. (Texas)
 
(quoted from post at 09:21:36 02/14/15) Ya,I posted this link to some prices a few weeks ago. Here it is again in case you missed it.
I see Chevy is running commercials now with women claiming how much sexier the same guy is with a pickup instead of a car. I always thought if anything ever happened to the wife I'd have to buy a car to chase women,but I guess not. All I have to do is drive down the city streets in my pickup and I'll drive out of town with the box full of women.
Fastline
Click to expand...

Well, Randy I did fell pretty good when I was making a rare trip to Home Depot a couple months ago and I climbed down from my shiny '06 Super Duty, and this nice looking middle aged lady yelled from about 30 yards away, "Nice Truck!" I looked around and realized that she was yelling at me. I yelled back "thanks!"
 
If one understands the "Great American Syndrome" of financing it doesn't take much to figure out why vehicles are up.

According to Financial Expert Clark Howard who has a weekly radio station he was shocked a month or so ago when the Government came out with the new stats on vehicles & financing.

The average new car loan (includes trucks) is 66 months. The average down payment is less than 5%.

Problem: in order to stay solvent on a new vehicle... 1) the down payment needs to be 20% or more, & 2) the payment needs to be 42 months or less, even on a $50,000 vehicle! 3) If You don't carry gap Insurance, & the vehicle is totaled that will get You in real trouble fast. You need to pay off the loan, & buy a new vehicle at the same time, & the loan company isn't about to give You a new loan without the payoff! Clark said this is the new housing crisis, & its a matter of time before a crash. 4) Banks are loaning longer terms than ever before! 84 months at my Credit Union!!! + Loans up to 7 model years old. 5 years ago it was 5 model years. If You get even a 5 year loan on a 7 year old vehicle it will be 12 years old before its paid off!
 
(quoted from post at 22:46:18 02/14/15) If you buy a ford with a 4.6 or 5.4 you will be replacing the
exhaust manifold sooner or later a known problem.i have a 04
f250 love it had to replace both sides
Click to expand...

Had to do that on a 5.0 in a full size Ford van
Must be a common Ford thing.
 
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