aussiek2000 Posted July 6, 2016 Report Share Posted July 6, 2016 Yes trucks that are a couple years old and about out of warranty are not much cheaper expecially because you can get new American trucks 15-20% under msrp. The tundra seems to just never drop in value. Exact reason I bought a new 2016 Tacoma and not used. I was seeing used ones listed for MORE than I paid for a fully loaded new truck. Quote Link to comment Share on other sites More sharing options...
RC K9 Posted July 6, 2016 Report Share Posted July 6, 2016 You havent priced 1-2 year old trucks. This...and older. It's insane what used trucks go for down here. It's just stupid. I would venture to guess that trucks down here retain their value more so than pretty much any other type of vehicle. Quote Link to comment Share on other sites More sharing options...
Geeto67 Posted July 6, 2016 Author Report Share Posted July 6, 2016 I feel like truck prices are regional though. With the advent of the internet car prices seemed to level out ok, but trucks in places like the Midwest and Texas seem to be higher than places like new york and California. My buddy back on long island just bought a 2 year old GMC Sierra Denali Ultimate with 20k miles for $38K, which seems like a lot but you have to consider the truck was $62K new. There just isn't a lot of call for a pickup truck in the NYC Long Island area. In texas, I'm sure the same truck would have been $10K more. Quote Link to comment Share on other sites More sharing options...
kirks5oh Posted July 6, 2016 Report Share Posted July 6, 2016 I paid $500 over invoice for my raptor. Two years later my buddy paid more for the same truck with 20k miles on it I love this truck Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted July 6, 2016 Report Share Posted July 6, 2016 This article did get me thinking...while the AVERAGE price has gotten ridiculously high, there are some great cars (by 10-20 year historical averages of quality/content) under $20k. I've rented some surprisingly good cheap cars in recent years: Kia Soul, Nissan Versa, Ford Fiesta, Nissan Versa Note, Mazda2...even some crappier cars still have good content for cheap: Dodge Avenger, Chevy Sonic, Hyundai Elantra, Ford Focus sedan. Advertising shows us all driving nicely equipped family sedans (that sticker in the $30k+++ range) but the cars that don't get mainstream press still provide relatively affordable platforms with A/C, stick-shift, 100k+ mile reliability, 30+ MPGs... I still stand by prices being too damn high, but there are options for the modern new-car buyer in the US. Quote Link to comment Share on other sites More sharing options...
aussiek2000 Posted July 6, 2016 Report Share Posted July 6, 2016 This article did get me thinking...while the AVERAGE price has gotten ridiculously high, there are some great cars (by 10-20 year historical averages of quality/content) under $20k. I've rented some surprisingly good cheap cars in recent years: Kia Soul, Nissan Versa, Ford Fiesta, Nissan Versa Note, Mazda2...even some crappier cars still have good content for cheap: Dodge Avenger, Chevy Sonic, Hyundai Elantra, Ford Focus sedan. Advertising shows us all driving nicely equipped family sedans (that sticker in the $30k+++ range) but the cars that don't get mainstream press still provide relatively affordable platforms with A/C, stick-shift, 100k+ mile reliability, 30+ MPGs... I still stand by prices being too damn high, but there are options for the modern new-car buyer in the US. I'll agree with that. There is no real "shit box" car any more. The cheap hyundais, kias, corollas, caviliers, sunfires, contour, escort, etc of years past no longer exist on todays market. Quote Link to comment Share on other sites More sharing options...
gillbot Posted July 7, 2016 Report Share Posted July 7, 2016 I'll agree with that. There is no real "shit box" car any more. The cheap hyundais, kias, corollas, caviliers, sunfires, contour, escort, etc of years past no longer exist on todays market. Not REAL cheap, but there are still econoboxes. Deals can be had if you wait for previous MY and incentives. Chevy Spark, MSRP 13k Ford Fiesta S, MSRP 14k Kia Rio, MSRP 14k Dodge Dart, MSRP 16k Hyundai Accent, MSRP 14k Nissan Versa, MSRP 11k Honda Fit, MSRP 15k Mazda 3, MSRP 17k I'm sure there are more, and if you wait for the deals you can walk out with a new car for a decent price. Problem is, people don't want an econobox anymore, they want a loaded SUV or luxury car. Quote Link to comment Share on other sites More sharing options...
Not Brian Posted July 7, 2016 Report Share Posted July 7, 2016 Problem is, people don't want an econobox anymore, they want a loaded SUV or luxury car. Problem is, you can find a really nice used SUV or luxury car for the price of a new shitbox. Quote Link to comment Share on other sites More sharing options...
gillbot Posted July 7, 2016 Report Share Posted July 7, 2016 Problem is, you can find a really nice used SUV or luxury car for the price of a new shitbox. Not arguing that at all, but if you can't afford a decent new car and are shopping econobox priced cars, you probably can't afford the insurance or fuel on the SUV anyway. Not to mention the possible maintenance and upkeep, where with the new econobox, you have the warranty. I've seen too many people that live paycheck to paycheck struggle even more because they buy a used loaded up luxury vehicle that turns out to be an unreliable shitbox. Quote Link to comment Share on other sites More sharing options...
Got-Boost? Posted July 8, 2016 Report Share Posted July 8, 2016 Many other things to consider with that article.... One is loan term, not many people in certain income brackets put money down or finance for 4-years. Most are short leases or loans at 60-72mo+. One of the reasons GM and many others struggled with the economy dip. All the people that were getting new cars often no longer qualified for lease/financing... Average term is over 6 1/2 years according to Edmunds... http://www.edmunds.com/car-loan/how-long-should-my-car-loan-be.html Quote Link to comment Share on other sites More sharing options...
Supplicium Posted July 8, 2016 Report Share Posted July 8, 2016 Nothing wrong with buying new, I see lots wrong with financing new or used. Interest on a already depreciating "asset" is insane when talking sound financial advice. also, remember something like 50% of americans cant cover 1k expense today, 1/3 have 0 saved for retirement, most 31-65 year olds only have 5k saved. Quote Link to comment Share on other sites More sharing options...
Got-Boost? Posted July 8, 2016 Report Share Posted July 8, 2016 I don't see an issue financing if you put 20-50% down and/or get a 0% or low 0.99% interest rate currently offered. The real issue is your second statement... Quote Link to comment Share on other sites More sharing options...
gillbot Posted July 8, 2016 Report Share Posted July 8, 2016 I usually only buy when there is 0%, why not use their money? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.