I have my thoughts about it but id like to hear what others opinions are. Plus its always a good time to talk trucks. Do you recommend buying your trucks new or used? If used do you have a mileage amount or age amount that you try to avoid going over?
Used for sure. I would like to stick in the 30,000-50,000 range, but would go up for the right deal. Last truck was purchased at 35,000 about 3 years ago. Age can be just as much a factor as miles. A truck with 30,000 miles on it that’s 15 years old could have just as much wear from sitting than a 4 year old truck with 80,000 on it, just in different areas.
For the last couple trucks I bought, buying used was not a real viable choice. Looking at used 3/4t trucks in the 2-4 yr range yielded near-new prices, or beat to heck rigs……factor in the low financing rates on new rigs, dealer incentives, and being able to get what I wanted, it made going brand new a no-brainer for me. The only used rigs I could find with rubber floors(an absolute must for me) in 3/4 were work trucks that had been beat to a pulp.
Age can be just as much a factor as miles. A truck with 30,000 miles on it that’s 15 years old could have just as much wear from sitting than a 4 year old truck with 80,000 on it, just in different areas
I agree 100%. I learned that the hard way over many years of “trading up” for an older car with low miles.
Used for this guy. As for the number of miles it depends how cheap you are. I’m extremely cheap, so I buy high mileage vehicles. I’ve had great luck going this route.
I just bought my wife a new/used SUV. New they are $60,000. I found an 08′ in perfect shape with 123k miles on it for $7,500. It looks nearly the same as the new ones. I have no idea how someone could justify paying $60,000 for a mid sized SUV. I’m glad they do though or there wouldn’t be any used ones for me.
My other 3 vehicles have over 200k miles and going strong. I don’t want four vehicles but they just keep going. As long as they don’t cost me anything in repairs I’ll drive em until they die.
Not sure if I’ll ever buy new. I hope I do someday, because that means I no longer need to be concerned with my money and I must have a lot of it.
Buick-Enclave.jpg
Used and absolutely no freakin salt. Drive it in salt and I have no interest in buying it. Everything else is just paying accordingly to condition
Whats my 2014 dodge ram worth to ya? Cummins diesel, 4 door 3/4 ton. Only 240,000 miles. Highway miles. 
Ain’t a better feeling than driving a new Pick-up off the lot.
Let me be the first to say that the cost of used vehicles less than 6 years old and 100,000 miles is absurd.
Whatch this video and find out why. Talk about conflict of interest.
Ain’t a better feeling than driving a new Pick-up off the lot.
That feeling you’re getting is from the value dropping 15% those first 500 feet. Did it once, don’t need to do it again.
My current truck is a 2016 I bought this spring with 30k. Got a great deal, has a few dings and scuffs, but runs and rides great.
That feeling you’re getting is from the value dropping 15% those first 500 feet. Did it once, don’t need to do it again.
That’s a myth. Keep in mind the vast majority of new vehicles purchased are financed. Why in the hell would a bank finance something for less than it’s worth? Unless there’s other collateral involved, banks wouldn’t do this.
Have you ever checked the value of a new vehicle after you bought it? I have. Both times I paid less than it was worth. Not only was this disclosed in the financing paperwork but I had checked the blue book value as well for several months following the purchase. Now I have an app on my phone giving my blue book value every time I enter mileage.
Unless you can get a discount or “deal” on a slightly used vehicle, it’s either usually a wash or it’s a better deal to buy new.
I bought my 17 with 8xxx miles on it and got huge savings compared to new. Then I try to trade it before 50xxx miles. But I drive a work truck from my company daily , and personal trucks mainly on the weekend. But the price difference from new to 8xxx miles was huge .
The appeal of buying slightly used is because the cost of new cars continues to increase. Whether you pay above or below value is one thing but slightly used cars are easier on the pocketbook.
My last 5 cars have been slightly used. With the length of warranties and certified preowned I really struggle with buying new. Pay cash and buy a couple year old car with a warranty.
Personally, I’d buy either. I drive my vehicles into the ground so I want a vehicle that I like. Just don’t buy yourself into something you can’t afford.
Warren Buffet always said, buy the most expensive house you can afford, and buy the cheapest vehicle you can afford.
For those that bought “slightly used”, I’d like to hear what you paid for price of your vehicle vs the cost of a new one. Say you bought a 2 year old vehicle with 30,000 miles. What’s the savings of the wear and tear (and unknown abuse) of that vehicle worth?
Tell us the deals you found.
Thanks.
I’ll never buy a new vehicle again. Used for this guy. The price of new trucks is so outlandish I couldn’t stomach that new car / truck feeling…I buy a good used vehicle and bury it. My current 2005 silverado bought in 2012 is still going strong. Haven’t made a payment on it in 3 years….
For those that bought “slightly used”, I’d like to hear what you paid for price of your vehicle vs the cost of a new one. Say you bought a 2 year old vehicle with 30,000 miles. What’s the savings of the wear and tear (and unknown abuse) of that vehicle worth?
Tell us the deals you found.
Thanks.
$76k new, $44k used on a 2 year old lease return with 24k miles. 4 year additional warranty up to 100k miles.
$76k new, $44k used on a 2 year old lease return with 24k miles. 4 year additional warranty up to 100k miles.
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76k selling price or sticker price?
big difference.
$76k new, $44k used on a 2 year old lease return with 24k miles. 4 year additional warranty up to 100k miles.
76k selling price or sticker price?
big difference.
[/quote]
Sticker price…sticker is still in the glove box. I agree with you, but this is not a highly discounted mfg like you might see with trucks.
Practical buy used.
Shop around been a slower September this year for dealers.
I bought my truck 2 years old with 42k miles for about 60% of what a new one was. I have 150k miles on it now, and it’s been great! A few years remaining on the warranty is good piece of mind if you go that route. Now let me tell you how to pay for it… 
For those that bought “slightly used”, I’d like to hear what you paid for price of your vehicle vs the cost of a new one. Say you bought a 2 year old vehicle with 30,000 miles. What’s the savings of the wear and tear (and unknown abuse) of that vehicle worth?
Tell us the deals you found.
Thanks.
I bought a 17 ram 1500 Laramie with 8,400 miles on it and saved a little over 12 thousand off the price of the new one.plus it already had a tonneau cover on it. Came with certified used factory warranty 100k bumper to bumper and 150k powertrain.
We bought a 2015 Camry hybrid last year for $12k below a new one. 15k miles and a bit of hail damage.
I don’t drive a ton of miles, but new made more sense for me. $41k new for an Explorer with warranty and 6 years financing. Used was still mid $35k for 2-3 yrs old and 30-40k miles.
I looked at the total expected cost for 8 or so years of ownership and it was about the same. So why let someone else have that new car smell???
I don’t drive a ton of miles, but new made more sense for me. $41k new for an Explorer with warranty and 6 years financing. Used was still mid $35k for 2-3 yrs old and 30-40k miles.
I looked at the total expected cost for 8 or so years of ownership and it was about the same. So why let someone else have that new car smell???
Seems like the used market for certain vehicles, especially SUV’s, can be over priced. I’m no economist but I believe that is supply and demand at work!
If you can’t afford to pay straight cash for a brand new truck, then you don’t deserve one and you shouldn’t be buying a truck(new or used) to begin with.
It’s more important to have 48 months income saved in cash in a low interest savings account before you even think about buying a mode of transportation.
New vehicles for me. Main reason is its much easier for me to come up with the money for a payment on a vehicle than find the time needed to get a older vehicle in for maintenance and unexpected repairs. Time is money. When switching from my last older vehicle to a new truck I ended up cutting my vehicle expenses 4% in the first year. Its really not a guessing game guys. Just track the numbers and the numbers will give you a very good idea of what is the better deal new or used.
Currently I like to keep a new vehicle for up to 10 years. Millage is taken into consideration to. Not a chance Ill see a vehicle with 200k on it. Most likely it will go down the road at maybe 150k. At that point I figure I have gotten the best miles out of that vehicle and someone else can nurse it though the rest of its life. One of my vehicles is my work truck. If that goes down for a day or two I can easily loose months worth of payments. Another is the wife’s vehicle. That goes down and Im gone to hear about it over and over again.
If you can’t afford to pay straight cash for a brand new truck, then you don’t deserve one and you shouldn’t be buying a truck(new or used) to begin with.
It’s more important to have 48 months income saved in cash in a low interest savings account before you even think about buying a mode of transportation.
LOL
I have preferred to buy used in the past but I’d go either way now. I’ve had decent luck on lease returns types and like target something under 3yrs old with less than 45K. I also prefer certified used and purchase the warranties with them but YMMV.
Agree with biggil on prices/demand for used vehicles, depending on condition there isn’t as big of a difference in price between new and used for some models.
If you were to buy new IMO now is the time to do it, the best deals/rebates tend to come along before the end of October. Good luck with what you decide.
Prices on slightly used pickups are just stupid. Would have bought used if it would have saved significant $$$ but it wouldn’t have. If you look at sticker price, then yeah, used looks like a bargain. But as soon as you walk into a dealer and you realize every pickup is at least $10k off sticker then used begins to look like less of a bargain. At 2% interest rates it makes zero sense for me to pay cash. I finance everything when it’s 2% and put that “cash” into an index fund
I buy new for 2 reasons. I can never find one setup the way I need it. The price difference is so minimal it doesn’t make sense. I just bought a new truck a couple months ago, even new it was hard to find one with the options that I need, only 1 out of every 200 trucks I looked at were even close.
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