Posts
3306
Joined
4/1/2008
Location
Kansas City, MO
US
Edited Date/Time
5/18/2015 9:26am
We have a Ford plant in town that builds the Ford F150. I like the truck, but some of the base models are pushing 40 grand. If you want leather you are in mid 40's at least. Many are 50 grand.
I see these trucks driving on the hwy daily. I think I do pretty well for myself, but how in the world do people buy these things?A 6 year loan? payments more than a mortgage/rent payment? holy crap.
Apparently many people do this, I don't get it. Any of you high rollers have a $50,000 truck?
I like to feed my family. I like an annual family vacation. I put money away for retirement and my kids 529.
I'm guessing they don't have jack in the bank and credit debt out the ass. I'm not perfect, but something is wrong here.
I see these trucks driving on the hwy daily. I think I do pretty well for myself, but how in the world do people buy these things?A 6 year loan? payments more than a mortgage/rent payment? holy crap.
Apparently many people do this, I don't get it. Any of you high rollers have a $50,000 truck?
I like to feed my family. I like an annual family vacation. I put money away for retirement and my kids 529.
I'm guessing they don't have jack in the bank and credit debt out the ass. I'm not perfect, but something is wrong here.
The diesel I had was pushing 200,000 miles and I didn't need to pull anything real heavy anymore so it was time for a new truck.I'm glad I wasn't buying a new diesel, as it would have been over $60,000.
$50,000 has the same buying power as $17,552.68 in 1980.
Used car salesman story:
My wife just bought a used 2014 F-150. It's the King Cab with cloth interior and the 5.4L V8. We paid about $30,000 for it too. That car buying experience was HORRIBLE though. I wasn't with her but was texting her through the process. Took 9 hours out of her day to seal the deal. She did a pretty good job beating them up on price and rate though. Long story short they came back with an average rate they give to people with average credit. The rate was 15.99%. Apparently the average credit score there is 580. She got up to walk out and the guy was insistent on running her credit. I told her to tell him to run a hypothetical with a 750 score and he wasted another hour talking about why he needed her SSN. I told her to leave if he couldn't do it. Another 30 minutes he came back with a 2.99% rate. . . WTF? From 16% to 3%? Then I told her to have him come down $1,500 and that whole process took another 2 hours. I guess my wife is more patient than I am. The funny part is the sales guy keeps e-mailing asking for my opinion on google and yelp. If he writes me again, I'll be putting my honest opinion out there for the world to see. . . and he won't be liking it.
The Shop
Its a no brainer.
I buy cheap old big cars , got a 97 Mercedes that owes me $700, less than 100,000 on it, runs as good as anything , when its doesnt i will crush it and get another.
I got the wife a 2 1/2 year old BMW X5 M for half of what another one of my customers paid for it when he was trading for a new Porsche SUV. Been a bit of a money pit for service.
Myself, my 2001 Ford F250 just rolled over 200,000 miles. Love my clattering ass 3/4 ton crew cab diesel 4x4. Best truck ever. When I bought it I said I was going to keep it 10 years. When 10 years rolled around, I said to myself that 15 sounded even better! Now, here we are at 15 years and the wife keeps telling me I need a new truck. Me? 20 is just around the corner.
Now if I can only get my wife to buy into the same concept...
I see tons of them driving around that also have 10-50K worth of mods done to them.
Kids in the oil patch spend crazy money on their trucks, but they can afford it with what they're making. Not too many places you can drop out of school in grade 10 and be making 100K+ by the time you're 18.
I paid 27k for my '12 f150 new. I got a good deal but that is still a shit load of money.
Van all day long.
Pit Row
The way to do it is save money and take good care of your trade in.
Imagine my surprise when the salesman shows me a 2015 FX4 Platinum F150 for $60K!!!!! Then He shows me some of the Diesels (a 5th wheel camper is in my near future, so I wanted to see the diesels) and the fully loaded diesels are $75K!
Now I take notice of how often I see these trucks on the road, and I swear people are stupid...99% of them are financing these trucks, for the maximum number of years, and are paying probably paying $800, $900, $1000/month on these things.
No thanks! I'm seeing 2013 and even some 2014 F-150's with less than 30K miles on them for the $30K range...with that being the case, I don't understand why anyone would pay for a brand new truck?
Trucks are WAY more practical than Vans are.
off his Ram 3500 srw,and the neighbor down the road got 15,500 off his F-350 dually.
I put 277,000 miles on my last Frontier I bought new in 1999, that I drove for 12 years. Total repairs were oil change, tires, alternator and a clutch.and brakes.
I looked up the distance from the Earth to the moon and its closest point and it was like 239,000 miles.
Post a reply to: 50k $$ for a pick'em up truck. Who has done it?