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Elite Veteran
Posts: 729
  
Location: south central usa | all about what your "needs" are. bought a 2016 ram 3500 4x4 that stickered for almost $55k. paid a little under $42k. looked for a year for something used and most were within $5k of a new one and several years old with 50k miles...actually prefer one with the DEF system as it helps the engine run cleaner and gets better mpg. it is across the board though. our 2013 Tahoe listed for $47k and a new one today is $10k more. due to the increased emissions since 2007, I'd be hard pressed to buy a used diesel these days |
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  Semper Fi
 
Location: North Texas | Chandler's Mom - 2016-12-24 11:44 PM
BARRELHORSE USA - 2016-12-24 2:07 AM
When suffering from sticker shock or ego paralysis ...
instead of thinking about buying an over priced extended warranty ..
Instead buy some mortgage or life insurance because the next sticker
shock is going to be when they tell you the warranty won't cover
the huge repair bill they hand you ...
We have been SO lucky---everything that we had to do to the dually was covered under extended warranty until now. We bought it in 2012 (it's 08 F350 )with around 50000 miles on it, and that warranty has paid for itself probably 3 times over. Now tho it has 114000 miles and no warranty---I'm already dreading Tuesday when they give us an idea what's wrong. . . . Like someone else said, we'll be driving this one til it falls apart. (Lord, let that be many years from now. Cheap years from now!!! )
Ya'll have the infamous 'dreaded' 6.0L family of Ford (International Harvester) diesels. Sticker shock will come in the form of repairs on this vehicle's engine. I 'believe' that production run requires the cab to come off for access to the rear of the engine........................And labor ain't cheap either! Some people swear by that engine family (one on this forum and I can't remember her name! Old age sucks! heheehehe). But for the most part, people run from em! And from reports, 100k plus mileage is when the repairs usually begin........... |
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 Accident Prone
Posts: 22277
Location: 100 miles from Nowhere, AR | rodeoveteran - 2016-12-26 3:01 PM iloveequine40 - 2016-12-25 4:52 AM If you are patient and look for awhile you can find AWESOME deals on trucks. We had to buy one in February after a head on collision totaled our '08 dodge that was paid for. We bought a '14 dodge ram dually 28k miles, fully loaded save the moon roof for 47k. We don't buy new. Let someone else eat depreciation. I'm in Texas so there is a ton of trucks to choose from. You must be younger. $47K is NOT a great deal in my book!
For real. The last new truck I bought was in 2005. Fully loaded GMC with Duramax, crew cab, 4x4, long bed...very nice truck. Paid $37,000 and I thought that was a lot. |
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Accident Prone
Posts: 22277
Location: 100 miles from Nowhere, AR | foundation horse - 2016-12-26 2:42 PM Three 4 Luck - 2016-12-26 9:12 AM Most trucks I see down here are 4x4. Need it for mud and you don't get decent resale without.
I shopped for used trucks last winter and got sticker shocked. People asking new prices for trucks with 60,000 miles. The only decently priced one I looked at was a year old, had 85,000 miles and had been used hard/put up wet...rear seal was leaking and it had some major blowby. We fixed mine instead. It's a 2010 Duramax that was a salvage so I got it cheap, but the guy that fixed it took some short cuts. Disclosed 'shortcuts' are one thing. BUT, undisclosed 'shortcuts' are unethical for starters and dishonest to the core!
Yeah, anything that was hidden he didn't disclose. He told us the radiator came out of an 08 with 200,000 miles, but we had a new one we could swap out that was going in a farm truck, so that wasn't a big deal. He didn't tell us about the driveshaft or the rod (can't remember the name of it) in the steering column that came off an older truck in a year when there were issues with premature wear. Or the used electrical harness (the plug on that thing was nearly the death of me and almost cost us a new turbo we didn't need). Did a crappy job on the paint too that became apparent after a few months. But the engine/tranny was pristine and low mileage, and the inside super clean. I saved about $15,000 at purchase over a clean titled truck, was able to pay cash, and really haven't spent that much fixing stuff since it was things we could do ourselves. I've had it for 3.5 years now and other than the plug failure causing it to throw codes while we were 500 miles from home, it's been a good truck. I doubt I ever buy another salvage after this experience, but truck prices new and used both are STUPID. |
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Elite Veteran
Posts: 618
| Three 4 Luck - 2016-12-26 4:37 PM
rodeoveteran - 2016-12-26 3:01 PM iloveequine40 - 2016-12-25 4:52 AM If you are patient and look for awhile you can find AWESOME deals on trucks. We had to buy one in February after a head on collision totaled our '08 dodge that was paid for. We bought a '14 dodge ram dually 28k miles, fully loaded save the moon roof for 47k. We don't buy new. Let someone else eat depreciation. I'm in Texas so there is a ton of trucks to choose from. You must be younger. $47K is NOT a great deal in my book!
It IS a great deal when you look at the CURRENT prices of buying new which is the context of this thread. We were surprised at the ridiculous prices too and that's why we bought used. |
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 My Heart Be Happy
Posts: 9159
Location: Arkansas | Three 4 Luck - 2016-12-26 9:12 AM
Most trucks I see down here are 4x4. Need it for mud and you don't get decent resale without.
I shopped for used trucks last winter and got sticker shocked. People asking new prices for trucks with 60,000 miles. The only decently priced one I looked at was a year old, had 85,000 miles and had been used hard/put up wet...rear seal was leaking and it had some major blowby. We fixed mine instead. It's a 2010 Duramax that was a salvage so I got it cheap, but the guy that fixed it took some short cuts.
I agree, down here a 4 wheel drive is just a must to my family. Never know how many of us may be stuck at once and need help 
And agreed on resale value.
Edited by Chandler's Mom 2016-12-26 9:52 PM
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My Heart Be Happy
Posts: 9159
Location: Arkansas | foundation horse - 2016-12-26 3:20 PM
Chandler's Mom - 2016-12-24 11:44 PM
BARRELHORSE USA - 2016-12-24 2:07 AM
When suffering from sticker shock or ego paralysis ...
instead of thinking about buying an over priced extended warranty ..
Instead buy some mortgage or life insurance because the next sticker
shock is going to be when they tell you the warranty won't cover
the huge repair bill they hand you ...
We have been SO lucky---everything that we had to do to the dually was covered under extended warranty until now. We bought it in 2012 (it's 08 F350 )with around 50000 miles on it, and that warranty has paid for itself probably 3 times over. Now tho it has 114000 miles and no warranty---I'm already dreading Tuesday when they give us an idea what's wrong. . . . Like someone else said, we'll be driving this one til it falls apart. (Lord, let that be many years from now. Cheap years from now!!! )
Ya'll have the infamous 'dreaded' 6.0L family of Ford (International Harvester ) diesels. Sticker shock will come in the form of repairs on this vehicle's engine. I 'believe' that production run requires the cab to come off for access to the rear of the engine........................And labor ain't cheap either! Some people swear by that engine family (one on this forum and I can't remember her name! Old age sucks! heheehehe ). But for the most part, people run from em! And from reports, 100k plus mileage is when the repairs usually begin...........
I really dread tomorrow!! I don't want to be looking at a different truck to purchase. Just not gonna do that right now! So y'all please hope with me that I don't have to hock anything to pay for the repair bill!!! |
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Veteran
Posts: 276
| This is why we bought a single-axle Kenworth. Cost was a fraction of even a gently used pickup and should last much, much longer. We have it and two used diesel pickups and NO PAYMENTS! I just cannot justify paying a vehicle payment higher than my mortgage payment. I won't do it. I'll ride my horses to the rodeos first lol. |
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Extreme Veteran
Posts: 490
| 4 years ago my husband bought a used 08 f250 with 59k miles for ALOT of money. That sucker was a money pit from the word go.... Radiator cracked, replaced the transmission, lower fuel pump went out..... It was one thing after another. Fast forward to friday. The transmission started leaking again. That was the final straw. He started looking saturday. We went while they were closed and looked at about 5 different trucks. Narrowed it down to 2. Yesterday he wanted to "just go look" at the F350 he liked. Guess whats now parked in our yard.... A 2015 F350 long wheel base Lariat edition. Its a beautiful truck. Wasnt as expensive as I thought it was going to be. Sure it was alot of money but his payments are $150 less than the older truck and the interest rate is half of what he's been paying. Im a Dodge girl through and through and really wanted the Dually but someone at the dealership wrecked it and it was in the body shop. Guess he can pay a note for another 5 years. I just paid my truck off and will drive it til it cant go anymore! |
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Married to a Louie Lover
Posts: 3303
| We found a pretty good deal on my dually when we bought it last May. It should last us a long time, between my SO and our mechanic neighbor we take pretty meticulous care of them. But when we're ready for a new hauler we will probably go the semi route as well.
It's not just trucks either. We recently bought a car off my in laws that had given them zero trouble, but I drive a LOT farther than she does daily and it's already giving us fits. I'm looking at some of more the economical SUV's and really getting sick at having another payment. But the ones we can afford cash for have far too many miles for our taste and we don't want to be in an endless loop of repairs and junky cars. |
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 Extreme Veteran
Posts: 310
Location: North Dakota | We should have our new 2017 Ram 3500 any day this week. Sticker shock was an understatement! But what surprised me, is even after having one custom ordered, we still only paid roughly $4,000 more than what they had 2016's listed for at bottom dollar. The one we custom ordered even had better options than the 2016 we priced. Either way, they are significantly higher than I was expecting. The only thing that made it easier to swallow was the fact that my 2006 Ram 2500 held its value so well. We ended up selling it for only $10k less than I paid for it 7 years ago. So luckily we were able to put a nice down payment on the new one. |
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Elite Veteran
Posts: 695
Location: Windoming | pabarrelnut - 2016-12-24 2:09 PM ?Got a new 2015 dodge dually diesel traded a 2004 chevy 2500 hd on it nothing fancy at all 50K barring any major problems this truck should last me until the wife and i are ready to stop chasing barrels. My fathers 2001 dodge is still going strong hope mine is as trouble free as his has been.
We have a 2001 Dodge dually diesel that we bought new, it has 140,000 miles on it. It has been a good truck. Would like a new one, but since I am forced to pay $12,000 a year for health insurance, can't afford to get one. |
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"Heck's Coming With Me"
Posts: 10797
Location: Kansas | If you're looking for a reason our vehicles are so ridiculously expensive look to the United Auto Workers Union and......... government regulations.
You'll be amazed.
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Veteran
Posts: 164
Location: Williamsville, MO | I go Prior Salvage every time just because they are so high, and i usually sell my used prior salvage diesels for nearly what the clean title trucks are bringing. BUT my family has our own shop and we rebuild lots of wrecks so its done right. My current truck is 2012 Dodge 3500 white dually. 90xxx miles. Loaded. I have 20K in this truck. I coulded imagine paying new truck prices. I like to have equity in mine lol |
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Semper Fi
Location: North Texas | This thread made me curious...................so I did some research via auto trader and boy did I get sticker shock! Turns out the most reasonably priced vehicles are fleet vehicles w/ between 100-140k under $17k. |
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 Owner of a ratting catting machine
Posts: 2258
| foundation horse - 2016-12-28 5:29 PM
This thread made me curious...................so I did some research via auto trader and boy did I get sticker shock! Turns out the most reasonably priced vehicles are fleet vehicles w/ between 100-140k under $17k.
They're not reasonably priced at all. Do you know what happens to fleet vehicles? Especially oilfield fleet vehicles? I wouldn't give a penny for one of them. |
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Member
Posts: 32
Location: Heart of Texas | Unfortunately the price of trucks far surpasses the price ouf our first home except the house will probably outlast any truck built today.
We have been lucky as hubby has a dealers license and can purchase direct from the Dealer Auctions; not failsafe but much better to have someone buying for you instead of selling you on a vehicle. Between car fax and the 14day certified inspecions performed by the auction service mechanics the risks are limited.
We have had a lot of friends and customers tell us they would never buy from a new car store again. Custom buying is our specialty and we have references. We dont finance so you have to be approved before we start the process.
You will save thousands off the retail price and or buy a lot more truck for your money spent; and the best part is no salesman to deal with.
Find someone in your area that does this, check therm out throughly and see if it is for you. The warranty transfers with most vehicles. We have access to any make or model.
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Semper Fi
Location: North Texas | classicpotatochip - 2016-12-28 7:08 PM
foundation horse - 2016-12-28 5:29 PM
This thread made me curious...................so I did some research via auto trader and boy did I get sticker shock! Turns out the most reasonably priced vehicles are fleet vehicles w/ between 100-140k under $17k.
They're not reasonably priced at all. Do you know what happens to fleet vehicles? Especially oilfield fleet vehicles? I wouldn't give a penny for one of them.
I drove a fleet (Haliburton) fleet pickup for over two hundred thousand miles, so I would say I have an idea of how they are treated....................... |
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Elite Veteran
Posts: 629
Location: Roping pen | Since I started this thread I have learned a lot thru my research.
Most was from a jobber that does truck conversions. Appears he needs a mark up of about 15-20% to get his business to work. Pay 35k for trade in and sell it for 42k type deal (if no repairs are needed which sounded very rare). Most deals, it appears, he needs, 20-30% due to repairs needed. With his overheads, insurance, interest, etc, he is barely paying the light bill with that slim of margin on his biz. The new ones he buys, he can't get enough of a discount or can find them he said. He buys 20-40 a year it sounded like. So he doesn't make much on that end either.
In conversation with a salesman at Ford, (was very knowledgeable and forthright with info), he said the Ford 2017s Super Duties, went up 7.25% their costs. They are trying to pass that on for now as Ford really cut production (less than half) on the bigger pickups to create more demand. He said with all the dealer mergers the last few years, pressure from the manufacturers to build the multimillion dollar sales buildings and to inventory 100s of new vehicles, the costs of repairs/labor on the used ones they get in, they need at least 10% at a minimum mark up on new. They start at 30%....The used market has really changed the last 20 years he said. They will not inventory a used vehicle more than 30 days. It goes to auction. They seldom even run it thru the shop. They might change the oil and do a "safety inspection", but they can't afford to do much on the used vehicles.
Both said used vehicles that are maintained are increasingly hard to find. Most need a lot of work once they get them in as people are not taking care of them.
He went on to say, (heard it from several other dealers also), you are much better off selling your trade in privately, run the sale thru them for $500 to save the sales tax, and pay cash for the new one. If you get a new one that is not floor planned yet (dealer has not paid manufacture yet), they will live with 10% or less margin.
More and more used are going thru dealer auctions. He had no idea why, but he guessed it was because the manufacturer is pushing new sales, so the retailer has no room for any used inventory.
Interesting....
Edited by Spin Doctor 2016-12-29 9:39 AM
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Semper Fi
Location: North Texas | Spin Doctor - 2016-12-29 9:37 AM
Since I started this thread I have learned a lot thru my research.
Most was from a jobber that does truck conversions. Appears he needs a mark up of about 15-20% to get his business to work. Pay 35k for trade in and sell it for 42k type deal (if no repairs are needed which sounded very rare). Most deals, it appears, he needs, 20-30% due to repairs needed. With his overheads, insurance, interest, etc, he is barely paying the light bill with that slim of margin on his biz. The new ones he buys, he can't get enough of a discount or can find them he said. He buys 20-40 a year it sounded like. So he doesn't make much on that end either.
In conversation with a salesman at Ford, (was very knowledgeable and forthright with info), he said the Ford 2017s Super Duties, went up 7.25% their costs. They are trying to pass that on for now as Ford really cut production (less than half) on the bigger pickups to create more demand. He said with all the dealer mergers the last few years, pressure from the manufacturers to build the multimillion dollar sales buildings and to inventory 100s of new vehicles, the costs of repairs/labor on the used ones they get in, they need at least 10% at a minimum mark up on new. They start at 30%....The used market has really changed the last 20 years he said. They will not inventory a used vehicle more than 30 days. It goes to auction. They seldom even run it thru the shop. They might change the oil and do a "safety inspection", but they can't afford to do much on the used vehicles.
Both said used vehicles that are maintained are increasingly hard to find. Most need a lot of work once they get them in as people are not taking care of them.
He went on to say, (heard it from several other dealers also), you are much better off selling your trade in privately, run the sale thru them for $500 to save the sales tax, and pay cash for the new one. If you get a new one that is not floor planned yet (dealer has not paid manufacture yet), they will live with 10% or less margin.
More and more used are going thru dealer auctions. He had no idea why, but he guessed it was because the manufacturer is pushing new sales, so the retailer has no room for any used inventory.
Interesting....
Your research actually makes sense! Thank you for sharing!  |
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