I about passed out 3 years ago when I paid 36,000 for my new Tundra-but that's chump change compared to the "fancy" trucks. Funny, but my truck has everything I would ever want on it, and even some things I don't understand!
I gave 38,500 for this one. 31,000 miles 2015 it's a tradesman but has some things on it that is not standard on tradesmans. It has the backup camera and trailer towing package with jake brake. It came with a gooseneck hitch. I have put probably a 1000 dollars more in I on accessories.
The only thing that hasn't gone up in corresponding amounts is the middle class wages. That's why car/ home prices seem so crazy.
Well , you ain’t gonna believe this ... the prices on the 2018 vs the 2015 Tundra have gone up a bit Bought a crew max trd limited about a month ago . Had everything I wanted plus some stuff I still don’t know how to operate . Didn’t want to start making payments again ,but I got a decent deal ,and the 11 year old Titan was losing the rust wars . Shame really ,as it only ever required service items .
I'm in the same boat. I totaled my pickup last Sept. I had a used one picked out down south exactly like I wanted. Did the whole 3rd party inspection deal and a day after it was sold !!!! My dads been in the hospital for 2+ months and that's killing my tire kicking time. Hopefully my car holds up to the abuse its been taking for my truck!!!!
My truck had 40k miles on it when I bought it. I told my boys to treat it good because it’s going to be passed on to them one day. I’m glad I’m not in the market for a truck.
Vehicles are a giant money suck. Unless it's for business use, the more you spend, the more you lose. I just paid my house off at 39 years old. That wouldn't have happened if I had been buying (financing!) 30, 40, or $50,000 vehicles along the way.
No truer words have ever been spoken. I see a lot of people making $10-$15 hour trading $30-$50k trucks every 3-5 years . I'd hate to be backwards in a loan that often. I don't think many people under the age of 30-35 have much for savings or retirement planning skills.
Well there's your problem...there's no such thing as a Dodge Cummins anymore... Two of my friends just bought brand new 3/4 ton quad cab diesel trucks, one a Ram and one a Chevy. Both just middle of the road trims and one paid $53k and one $55k. Im not saying trucks arent priced crazy high these days but people complaining about trucks in the $70k+ range are obviously looking at Denali or Limited top of the line trims. You can find Tradesman quad cab Cummins in the $40k range all day long. Or better yet, 1/2 ton gas-job trucks (that will work for 95% of us) in the $30k (or even high $20k) range. And Im certainly not going to argue that prices have increased at a faster rate than incomes...I think thats clear to any average Joe trying to get by. But I would bet if you take the average truck price as a percentage of the average home price in 1997 and then again in 2017 the percentage is pretty much the same. Another part of the problem is they make these higher priced things (both houses and vehicles) more "affordable" by having ridiculously low interest rates and increasing the length of term now. Unfortunately, most Americans concern themselves with the monthly payment only, not the overall cost...so by dropping the interest to 0 and bumping it out over 84 months it makes a more expensive loan more "affordable". If that werent the case people would only be "affording" trucks in the $35k range instead of $55k range and truck prices would eventually follow suit. I stand by my comments though that affordable trucks are still available, you just have to actually be willing to drive a less optioned out truck. Everyone says they dont like the fancy options/buttons then complain about $75,000 Denalis....
This was VERY crude Google searching...but heres what I found in about 2 minutes of looking: 1997 average home price was $171,900. 2011 average home price was $275,000. Thats about a 60% increase. 1997 a Ram 2500 4x4 was $23,785 base price. 2011 Ram 2500 ST price was $36,800. Thats about a 55% increase. Obviously a ton of variables here...but that shows my point.
Milenials are actually better at saving money than previous generations. It's like growing up in the great depression just not as bad. This is why I see listings for ghetto whooped pickups for more than retail all over Craigslist. Or better yet being upside down and saying you take over payments. Around here you can't get by on 20 an hour not to mention buying a newish car, unless you live for free. What's scarier is looking at median incomes vs home prices. I don't know how people afford anything. They HAVE to be financed out the butt, Wich is scary in this day and age. The US Median Income Is Falling | Ryan McMaken There are cost of living calculators along with very innacurate inflation calculators. Most inflation calculators use government math for inflation. For a child like example, eggs. They will say eggs cost x much ten years ago, but x much today. What they don't tell you is how many eggs they are counting. Half dozen compared to a dozen. Making inflation seem not so bad. When things are twice as expensive.
My BIL just bought a used 2017 Silverado half ton. The truck originally stickered for 48, he got if for 30 (what it was traded in for). The original owner trades in every year on a new truck as soon as they are available. Assuming he got a little off sticker, you're still looking at dropping almost $20K in depreciation and sales tax every year. I can't even imagine.
I know a lot of millennials 3 (step millennials)I've had under my wing for 6 years. The only pot to pizz in they have is mine! They all have decent jobs for their age but pay checks are spent 13 days before they get them. I'll be retired by 55 so they have had a basic $ education and grand stage to view . They still would rather buy all the new gadgets and not own a roof. The youngest of the 3 (22)is prolly the best but still doesn't own a car. The middle one (22) has her chit somewhat together but would rather buy a new pair of shoes every week. The oldest (26) has a baby and is a total wreck. Owns nothing. Isn't afraid to work though. Their mom is a go getter and has her head on straight for the most part (though she still doesn't own a roof) .Most days I just shake my head. The financial gurus are calling for an auto bubble and from what I've seen in housing rent prices I think we're heading for another housing bubble . Time will tell. I just feel prices are ugly and overblown compared to wages .
We got an 06 E350 van this past fall . 166,800 miles on it at purchase . We Really like it ! I'm planning on a set of air bags and a good receiver hitch for it. So nice having a van for town trips. 190 miles 1 way. Had all but 1 bench seats taken out. It was a basic tourist hauler that had summer highway miles only on it.
My point exactly. I do have a different view of vehicles in general and trucks in particular. My idea of a fancy town rig. My idea of a Great work truck. I know , I'm a hillbilly. But all I need or want is to dependably get where I'm going and back with the stuff I want and need. My value system is owning land and a good home. Then other things I consider valuable like top tier optics on my rifles. But that's just me. Used fleet trucks are a good value much of the time. Leaves more money for things like a quality skid steer. New work sleds or track vehicles and air boat.
