Notices

Truck pricing

Old 11-29-2020, 04:00 PM
  #1  
Admirals ClubCaptains Club Member Admiral's Club Member
THT sponsor
Thread Starter
 
Join Date: May 2002
Location:
Posts: 4,983
Received 149 Likes on 107 Posts
Default Truck pricing

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
Likes:
Old 11-29-2020, 04:14 PM
  #2  
Admirals Club Admiral's Club Member
 
Join Date: Aug 2014
Location: Ft.Myers & Key West
Posts: 510
Received 307 Likes on 77 Posts
Default

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 !
Old 11-29-2020, 04:20 PM
  #3  
Senior Member
 
Join Date: Aug 2020
Posts: 229
Received 79 Likes on 46 Posts
Default

Yes, and a used bay boat less than 5 years old is just as much as a new bay boat...
Old 11-29-2020, 05:03 PM
  #4  
Admirals Club Admiral's Club Member
 
Join Date: Oct 2013
Location: st petersburg
Posts: 86
Received 6 Likes on 4 Posts
Default

there really doesn't seem to be that new truck depreciation upon purchase right now with the used market
Old 11-29-2020, 05:22 PM
  #5  
Admirals Club Admiral's Club Member
 
Join Date: Mar 2016
Location: Albany, NY
Posts: 1,149
Received 448 Likes on 260 Posts
Default

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.
Old 11-30-2020, 06:18 AM
  #6  
Senior MemberCaptains Club Member
 
Join Date: Jun 2007
Location: Winterville & MHC, NC
Posts: 4,978
Received 592 Likes on 301 Posts
Default

I may be trading my 19 Duramax before the end of the year for this very reason and getting a 2021.
Old 11-30-2020, 07:12 AM
  #7  
Junior Member
 
Join Date: Oct 2020
Posts: 5
Likes: 0
Received 1 Like on 1 Post
Default

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.


Old 11-30-2020, 08:43 AM
  #8  
Senior Member
 
Join Date: Nov 2016
Location: Atlanta/Destin
Posts: 720
Received 215 Likes on 141 Posts
Default

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!
Old 11-30-2020, 09:08 AM
  #9  
Admirals Club Admiral's Club Member
 
Join Date: Dec 2009
Location: Pembroke Pines, Fl
Posts: 668
Likes: 0
Received 27 Likes on 19 Posts
Default

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.
Old 11-30-2020, 09:22 AM
  #10  
Admirals Club Admiral's Club Member
 
Join Date: Nov 2009
Location: Tarpon Springs, FL
Posts: 8,419
Received 4,001 Likes on 2,261 Posts
Default

I'm probably the wrong person to answer but with prices that close I would always default to the new one.
Likes:
Old 11-30-2020, 09:38 AM
  #11  
Admirals Club Admiral's Club Member
 
Join Date: Jan 2014
Location: Destin
Posts: 1,350
Received 389 Likes on 214 Posts
Default

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
Old 11-30-2020, 08:09 PM
  #12  
Senior Member
 
Join Date: Jun 2016
Location: SW Florida
Posts: 1,164
Received 783 Likes on 399 Posts
Default

Originally Posted by mikefloyd View Post
I'm probably the wrong person to answer but with prices that close I would always default to the new one.
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.
Likes:
Old 12-04-2020, 05:19 PM
  #13  
Senior Member
 
Join Date: Nov 2016
Location: Atlanta/Destin
Posts: 720
Received 215 Likes on 141 Posts
Default

Originally Posted by Chimpo View Post
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.
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!
Likes:
Old 12-04-2020, 07:05 PM
  #14  
Senior MemberCaptains Club Member
 
Join Date: Apr 2004
Location:
Posts: 1,996
Received 226 Likes on 179 Posts
Default

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.
Old 12-04-2020, 07:07 PM
  #15  
Senior Member
 
Join Date: Aug 2011
Posts: 1,644
Received 364 Likes on 287 Posts
Default

Originally Posted by N747JB View Post
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!
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..
Likes:
Old 12-04-2020, 07:38 PM
  #16  
Senior Member
 
Join Date: Nov 2016
Location: Atlanta/Destin
Posts: 720
Received 215 Likes on 141 Posts
Default

Originally Posted by Bamaman View Post
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..
People say I should write a book, nobody would believe the stories, employees and customers alike!
Old 12-04-2020, 09:16 PM
  #17  
Admirals Club Admiral's Club Member
 
Join Date: Nov 2013
Location: TN
Posts: 325
Received 111 Likes on 71 Posts
Default

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.
Old 12-05-2020, 05:12 AM
  #18  
Member
 
Join Date: Aug 2015
Posts: 63
Likes: 0
Received 15 Likes on 8 Posts
Default

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
Old 12-05-2020, 05:36 AM
  #19  
Admirals Club Admiral's Club Member
 
Join Date: Sep 2020
Location: New Jersey
Posts: 100
Received 32 Likes on 26 Posts
Default

Originally Posted by go fish View Post
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
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.

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.