go fish

Anyone notice that late models (2017-2018) trucks with 50000 miles are within $6000/7000 of a new one? Which would you purchase is all options are the same?

msrp is in low $50s

JDinSWFL

I purchased a 2018 high country 2500 duramax in the summer of ‘18 . It had a sticker of about $70,000.00 . I was recently offered $50,000 for it , it has 80,000 miles on it now . I wasn’t ready to sell it at that time but now I am looking for a 3500 drw High Country duramax so may put it up for sale while the market is hot !

kcinnick2

Yes, and a used bay boat less than 5 years old is just as much as a new bay boat...

champc1

there really doesn't seem to be that new truck depreciation upon purchase right now with the used market

Misterfu02

You need to run the numbers in your area and figure it out for yourself (or pay someone to do this for you.)

Pricing can vary by the thousands depending on what area of the country you’re in.

With dealer incentives, you very well may be able to get a new truck for only a few grand more. So do your research.

ytmorris

I may be trading my 19 Duramax before the end of the year for this very reason and getting a 2021.

Lost Soul

You can thank all the middlemen for the inflated vehicle prices.
vroom carvanna car max and just about every new dealer competing with them.

This is the new business model imho.

Buy inventory, sell at loss, increase sales,
stock goes up, on increase sales. This worked for amazon for years.

Think, Ticketmaster, stubhub. Expedia, Priceline, hotels dot con, etc.

hotels, airlines rental cars, used cars,
And large companies buying their competitors.

real estate next with offer pad and their competition.

it’s a bum rush for hoarding supply.

add covid and low low interest rates,easy credit, long terms = exacerbates the inflation.


I am also looking to buy a new truck.

not sure if now is the time or next year waiting for higher incentives. Right now 22% of titans MSRP.

best warranty in its class.

Decisions & patience &
good luck required.

N747JB

With two months or so of production lost this year, plus ramping up slow when the plants reopened has caused a scarcity in new trucks, pretty much all brands. Now we’re in the changeover and build up of 2021 models and that usually takes a bit of time. So, used trucks will be a hot commodity for the next few months, in my opinion. I ordered a 2021 F-150 King Ranch 4X4 to replace my 19, the price is up around $5K!

martian171

I've been looking at the truck market for months in anticipation of my truck purchase and buying used made no sense whatsoever. I wound buying a new F250 Lariat with the 7.3 gas for 58.6k. Really didn't want a diesel and the 2017-2018 used F250s with the 6.2 gas are selling for about 52-55k depending on how many miles they have on them. Paying an extra 3-4k for a brand new truck with 0 miles and full warranty was the way to go for me.

mikefloyd

I'm probably the wrong person to answer but with prices that close I would always default to the new one.

kyle_howie

we just bought a new F-250 7.3L gas because the used market was silly. only a few thousand dollars difference in new vs used

Chimpo

I'm hardly Thurston Howell III, but I feel the same way with anything I buy. If I can get the same thing new, for a couple bucks more, it's a no-brainer to me. In the realm of auto's, that means longer warranty and a lower interest rate in many cases.

N747JB

And as one of my salesmen told a female customer one day, “You can be the first one to fart in the seat” Yes, he actually said that, around 1990!

Inlander

In September I checked the private party sale price and my ‘17 is worth what I paid. The same f150 in a leftover ‘20 cost $5-6k more. If I sold and bought new, I would have paid less than $2k per year for truck ownership. Thats a no brainer. Don't buy used in this market.

Bamaman

John: With all your years in the auto business, I'm sure you have entirely too many salesman tales. Those guys have entirely too much time when not selling vehicles to have many antics. I used to like to see salesmen playing brain games on the less experienced salesman to keep them off balance..

N747JB

People say I should write a book, nobody would believe the stories, employees and customers alike!

js118

I have never owned a new truck in my life. Got to needing "newer" truck and started looking around. Sure enough within a few thousand dollars, lower rate, better warranty I could buy new and did.

2rodsdeep

I just bought a new 2020 dealer demo (sales manager truck) F 150 supercrew F150 Lariat FX 4 loaded with leather, heated and sit conditioned seats, lane departure etc, basically only missing was a sunroof. 5.0 L V8 w 3.55 rear end, sprayed in bed liner, 20” wheels for $48,500. The truck had 4,000 miles on it but sold as new with full warranties. I would encourage anyone to try to find a new model that was a dealer demo

Bleu

If it's only $6-7K more for a new model without having 50,000 miles already on it...I would go new. Also, if you are financing to deal the new car rates are usually less than pre owned rates which will narrow that gap even further.