Average truck payment is nearing $1000

[dwhee87]

I bought a new F150 Lariat (2WD) in 2007 for $22,000, out the door.

Same truck today is $70,000. Almost as much as my first house.

 

[NCHillbilly]

I have 500 on the new Toyota. You stayed with Nissan I’m sure. No big three for me either

Bingo. Frontier pro-4x.

 

[NCHillbilly]

Yes but please tell me you understand this concept. No matter what prices were in 1986 or 2012 surely you can buy a 2005 model truck for less than a 2023 model truck.

I tried driving a worn out junk truck 80 miles round trip to work for a couple years. It cost me more to keep it going than a truck payment. Not to mention the constant aggravation of being broke down on the side of the road.

 

[sinclair1]

Yes but please tell me you understand this concept. No matter what prices were in 1986 or 2012 surely you can buy a 2005 model truck for less than a 2023 model truck.

I buy vehicles that hold their value. I have offers on the 2012 trail team for 38k. I paid $36 cash new.
Made money on the Porsche, lost very little on the corvette and don’t plan on losing much on the low Number color TRD pro.
My concept is much different than the rag it and bag it.

 

[jdgator]

My fear is that if young people can’t afford to buy houses and cars they won’t start families or build businesses.

 

[sinclair1]

Bingo. Frontier pro-4x.
View attachment 1256765

Super Nice, I bought the direct competitor TRD pro.

 

[NCHillbilly]

Super Nice, I bought the direct competitor TRD pro.

They're almost the same truck. I like it so far. Tough lil rig, big V6, transmission cooler, wrapped in skid plates, heavy-duty everything, locking differential, AC converter, about 7k towing capacity.

 

[livinoutdoors]

I buy vehicles that hold their value. I have offers on the 2012 trail team for 38k. I paid $36 cash new.
Made money on the Porsche, lost very little on the corvette and don’t plan on losing much on the low Number color TRD pro.
My concept is much different than the rag it and bag it.

Ok

 

[livinoutdoors]

I tried driving a worn out junk truck 80 miles round trip to work for a couple years. It cost me more to keep it going than a truck payment. Not to mention the constant aggravation of being broke down on the side of the road.

I aint saying youre wrong, but used aint always worn out junk. Just depends.

 

[fflintlock]

I have a 2000 grand Cherokee 4.0 straight six with 170,000 that I planned putting a lot more miles on yet. I don't go many places any more, it'll probably last till I die. I don't mind spending a few bucks on it every now and then to keep it going.

 

[NCHillbilly]

My fear is that if young people can’t afford to buy houses and cars they won’t start families or build businesses.

I don't see how anybody affords to buy a house nowadays. I'd sure hate to be starting out again in this economy.

 

[NCHillbilly]

I aint saying youre wrong, but used aint always worn out junk. Just depends.

When you drive it 80 miles a day, it becomes so pretty fast. I've tried the run it til it falls apart at 300k method. Lately, I trade when it's getting close to 100k and get a good trade-in. This is the last new one I will ever buy, I'd say. I can retire in three years with a truck with fairly low miles and is half paid off. It will last me forever if I'm not making that commute. I also don't have a mortgage payment, or I couldn't afford it.

 

[Core Lokt]

92,000 miles on my 2016 2500 duramax. Paid off in 2018. Gonna drive her as long as I can.

You have a long way to go. That truck isn't even broke in yet.

I have a 2005 with over 240K on it and other than regular maintenance it has been a good truck.

My wife wants me to get a new or newer truck. I refuse until repairs get to be a monthly payment.

 

[livinoutdoors]

When you drive it 80 miles a day, it becomes so pretty fast. I've tried the run it til it falls apart at 300k method. Lately, I trade when it's getting close to 100k and get a good trade-in. This is the last new one I will ever buy, I'd say. I can retire in three years with a truck with fairly low miles and is half paid off. It will last me forever if I'm not making that commute. I also don't have a mortgage payment, or I couldn't afford it.

Like i said just depends. I bet even you with your new truck will admit most folks just buy stuff to impress their neighbors. Long commute and high travel miles could be a reason to buy new. But you didnt get one of these $1k a month payments neither.

 

[Buck70]

Bingo. Frontier pro-4x.
View attachment 1256765

Sweet

 

[earlthegoat2]

Saw a nice F150 a bit ago for $3500.

Of course it was 30 years old. That doesn’t really scare me though.

 

[NCHillbilly]

Like i said just depends. I bet even you with your new truck will admit most folks just buy stuff to impress their neighbors. Long commute and high travel miles could be a reason to buy new. But you didnt get one of these $1k a month payments neither.

Absolutely.

 

[livinoutdoors]

Saw a nice F150 a bit ago for $3500.

Of course it was 30 years old. That doesn’t really scare me though.

Now we talkin. My newest truck is an 01

 

[jdgator]

If people cannot afford to buy new vehicles then the used vehicle market will not be well-supplied.

 

[Dr. Strangelove]

Haven’t had a truck payment in a long time. But sure feel bad for the young folks making under $30k like I did for close to two decades.

It’s almost like we’re being destroyed from within?! Nah that’s all conspiracy.

That's what I don't understand - where is all this money coming from? I was reading yesterday that the average new vehicle payment is $800. Five or especially ten years ago that was a rent or mortgage payment.

Yet I see these young folks all the time driving $$$$ vehicles. Where does that money come from? I know some of them are making bank but I also know they all aren't. It makes no sense.