Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
Reply
 
Thread Tools Display Modes
  #1  
Old 01-14-2013, 02:44 PM
Schrock Lawns's Avatar
Schrock Lawns Schrock Lawns is offline
LawnSite Senior Member
 
Join Date: Nov 2010
Location: virginia beach va
Posts: 946
New truck vs used truck

So I'm at a Delima I need a bigger truck I was lookig at a new one a 2013 Chevy 3500 duramax for 30k with tradein or their was a few used truck I was looking at in the 5-12 k range with 100k+ miles what I'm asking is should I finance the new truck at 0%for 60 months or should I just go the used truck way and pay cash and not have the reliability of a new truck
Posted via Mobile Device
Reply With Quote
  #2  
Old 01-14-2013, 03:12 PM
hi_speedreed hi_speedreed is offline
LawnSite Senior Member
 
Join Date: May 2011
Location: Charleston, WV
Posts: 406
I buy new. It is just a personal preference. I like the idea that nobody has ever driven that truck but me. I realize I am paying for that.

With the economy in the state it is in, trucks are not losing their value like they once were, but your dollar is. Financing at 0% is a great tool because you are locking in the value of your dollar.

I only like financing when you can get 0% otherwise I would pay cash. I would definitely buy new now over used because people are not trading in trucks with 20k miles and when dealers get them they are not selling them at a big discount when compared to new. Also, used do not qualify for 0%, so when you add in the interest you must pay on a used truck, you are better off buying new. Around here, trucks with 100kmi are still in the 18k-25k price range.

Now if you are willing, I have heard that in areas out west you can find great deals on lightly used trucks. I know a guy here in WV that flew to Idaho to buy his truck and drove it back here. Even with the added travel expense he saved thousands over what dealers here were charging for comparable trucks.
Reply With Quote
  #3  
Old 01-14-2013, 03:16 PM
lawnprosteveo's Avatar
lawnprosteveo lawnprosteveo is offline
LawnSite Bronze Member
 
Join Date: May 2004
Location: Tulsa
Posts: 1,933
I dont like debt, but I bought my F250 new in '03. I got it with the intention of keeping it as long as possible. It now has 150K on it and has been trouble free. So I would say buy new if you can and keep it as long as you can once its paid for.
__________________
Reply With Quote
  #4  
Old 01-14-2013, 03:30 PM
hi_speedreed hi_speedreed is offline
LawnSite Senior Member
 
Join Date: May 2011
Location: Charleston, WV
Posts: 406
Quote:
Originally Posted by lawnprosteveo View Post
I dont like debt, but I bought my F250 new in '03. I got it with the intention of keeping it as long as possible. It now has 150K on it and has been trouble free. So I would say buy new if you can and keep it as long as you can once its paid for.
I second this opinion. When I bought my new truck in 2011, I meant to keep it until it fell apart. I am not a fan of irresponsible debt. People who take on debt they knew they couldn't afford are very irresponsible. You shouldn't buy something knowing you are going to have to only eat ramen noodles every night until you get it paid off. It is not sustainable. It is just like losing weight. You can't say, I am never going to eat unhealthy food again because it is not sustainable. You have family get togethers, birthday parties, anniversaries...Life happens and you have to learn to roll with it if you want success in anything you do. Don't paint yourself into a corner.
Reply With Quote
  #5  
Old 01-14-2013, 05:13 PM
KeystoneLawn&Landscaping's Avatar
KeystoneLawn&Landscaping KeystoneLawn&Landscaping is offline
LawnSite Senior Member
 
Join Date: Jan 2006
Location: Erie, PA
Posts: 774
Find a good used truck with 50-60k on it, put the cash down on that one and have a very quick payoff. I'm a big fan of buying used, let someone else take the hit on the sticker! My last truck was used by a homeowner to pull a camper. The truck looked new but didn't cost like it.
__________________
99 Silverado 4x4
2007 Silverado 2500HD 4x4
2005 Cargo King 7'x16' enclosed
Blizzard 860HD
7 1/2 ft Western Plow
Toro 7/24 snowblower
2 Toro CCR 2450 snowblowers
48" Allis Chalmers
48" Ferris WB
36" Exmark Viking
21" Toro
21" Poulan Pro
2- Echo PB755H
Echo & Ryobi trimmers
Echo PAS 265 & attachments
Stihl & Poulan chain saws
Stihl BP blower
Stihl FS-56RC-E Trimmer
Billy Goat 16hp HTR Loader
Pesticide License BU0426
A Positive Outlook
Reply With Quote
  #6  
Old 01-14-2013, 05:22 PM
larryinalabama larryinalabama is online now
LawnSite Fanatic
 
Join Date: Jan 2008
Location: Ragland Al
Posts: 10,776
I alaways figured a 5to10K truck cuts grass just as good as a 30to50k truck.
Reply With Quote
  #7  
Old 01-14-2013, 05:25 PM
Richard Martin's Avatar
Richard Martin Richard Martin is offline
LawnSite Fanatic
 
Join Date: Mar 2000
Location: Greenville, NC
Posts: 14,519
I'm in the process of buying a 2007 Chevy with 59k miles. It will replace my 1995 F150 that also had 59k miles on it when I bought it back in 1999. I'm paying the same price, but at a significantly lower interest rate for the Chevy. The interest rate is so low that I don't know why they even bother but whatever.
__________________
Serving Greenville, Winterville and Ayden NC



Reply With Quote
  #8  
Old 01-14-2013, 05:34 PM
hi_speedreed hi_speedreed is offline
LawnSite Senior Member
 
Join Date: May 2011
Location: Charleston, WV
Posts: 406
Quote:
Originally Posted by KeystoneLawn&Landscaping View Post
Find a good used truck with 50-60k on it, put the cash down on that one and have a very quick payoff. I'm a big fan of buying used, let someone else take the hit on the sticker! My last truck was used by a homeowner to pull a camper. The truck looked new but didn't cost like it.
That sounds great but where are those trucks? I am not arguing with you. You were right a few years ago and you would still be right if you could find that deal today. I know they are out there but they are getting so hard to find. The hit on the sticker is disappearing until you get to a truck that is so beat up I would be scared to rely on it for my business.

Here is a link to the value of my truck if I was to go to a lot and find it as it sits now. If you don't want click the link the expected retail for my truck used right now is 39,650! That is more than I paid for it two years ago.

http://www.nadaguides.com/Cars/2011/...ted-4WD/Values

And here is a link to my truck if it had 50k miles and that is still more than I paid for it new.

http://www.kbb.com/toyota/tundra-dou...&pricetype=cpo


Yes, it would be great to buy used if you could find a decent truck at a decent price but I am just not seeing it. I used to only buy used. My first 3 trucks were used.

Also, besides being cheaper, new qualifies for 0% while used does not. The math just does not make sense now for buying used. Guys are keeping their trucks for 100k+ miles and only trading them in when they start being a headache. I for one do not want to inherit a headache.
Reply With Quote
  #9  
Old 01-14-2013, 05:48 PM
Schrock Lawns's Avatar
Schrock Lawns Schrock Lawns is offline
LawnSite Senior Member
 
Join Date: Nov 2010
Location: virginia beach va
Posts: 946
a truck with 50-100k miles here will be almost 20 grand for a 2500-3500where i could spend 10k more to get a brrand spanking new 3500
__________________
2013 chevy 2500 crew long
2013 ford 550 dump
Toro and hustler mowers
Stihl handhelds
texas bragg trailers.
Reply With Quote
  #10  
Old 01-14-2013, 05:48 PM
Groomer's Avatar
Groomer Groomer is online now
LawnSite Bronze Member
 
Join Date: Jun 2006
Location: mow country
Posts: 1,304
I have a used 99 F150 4sale/w only 84g on the mileage in the marketplace section.
Reply With Quote
Reply

Thread Tools
Display Modes

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

Forum Jump





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 05:48 PM.

Page generated in 0.07503 seconds with 10 queries