Buy used or New?

I’ll throw a few “factual numbers” in for my current pickup. A 2001 1/2 ton Silverado bought in early 2014. We’ll call it 5 years of ownership, but I’m a couple months shy of that.

Price: $5500
Sales Tax: $350
Tires: $500
Tran Flush, coolant flush, spark plugs, brake pads: $500

Total cost at purchase: Round up to $7000

Additional costs in almost 5 years of ownership…
Interest: $0
Battery: $100
Tires: $500
Power Window Motor: $250
Tabs: $35*(5 years) = $175
Insurance: $550*(5 years) = $2750

Total cost in 5 years: Round up to $4,000
Total purchase price + 5 years: $11,000

Current KBB Private Party value: $4,300
Current NADA Average Trade-In: $3,300

I’ve driven this truck on dozens of trips over the last 5 years and never thought twice about mechanical issues ruining the trip or not making it home. Mostly fishing trips to Ontario & Manitoba both winter and summer, and waterfowl hunting in ND basically every weekend of the fall the first couple years I had it.

I’m really curious what guys with new trucks are paying for sales tax, tabs, interest, and insurance.

I’m Gary Monn, and I’ve bought 108 cars from Brookdale………

tswoboda wrote:

I’m really curious what guys with new trucks are paying for sales tax, tabs, interest, and insurance.

2014 Toyota Tundra bought new May 2014. I have 120k miles on it and plan to drive it to 180k. $.20-$.22 per mile is my best estimate. Thats initial price with ttl, interest, tabs, insurance, less resale.

hnd wrote:

i’ve been told to think twice about buying a ford. i’ve been told to think twice about buying a dodge, i’ve been told to think twice before buying a chevy. They all have issues and quirks. effectively these 3 companies have perfected the truck to some extent. I’m just trying to buy the first year of a body style or the 1st year of a major motor change, and i’ve always had decent luck.

LOL…So you were smart and went with a Toyota?

ClownColor wrote:

<div class=”d4p-bbt-quote-title”>hnd wrote:</div>

i’ve been told to think twice about buying a ford. i’ve been told to think twice about buying a dodge, i’ve been told to think twice before buying a chevy. They all have issues and quirks. effectively these 3 companies have perfected the truck to some extent. I’m just trying to buy the first year of a body style or the 1st year of a major motor change, and i’ve always had decent luck.

LOL…So you were smart and went with a Toyota?

tundra’s in that year/mileage range are 1-2k higher which for me is a possibility but i’ve also been told to avoid those ones too. go figure. i can also find titans int hat range for a grand cheaper. but the gas mileage on them seems to be super crappy.