New truck vs used truck

[McG_Landscaping]

How are you going to get a loan at the age of 14?

[Pressedun]

Originally Posted by Schrock Lawns

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
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Wow, that's quite the delima right their.

[Schrock Lawns]

Well my dad who owns the company till I'm 18 would get it and no I wouldent drive it
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[Groomer]

I prolly wouldent driv it eether.

[LandFakers]

Do you really need a 3500? And when you say trade in your truck do you mean your dads?

[Schrock Lawns]

I don't need a 3500 a 2500 would work but I plan in the next few years to get a gooseneck and no he would keep his 1500 and we have a family SUV we would trade in
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[KeystoneLawn&Landscaping]

Originally Posted by hi_speedreed

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.

My first truck, bought 8 years ago, is a 99 silverado 4x4 1/2 ton with 83k on it. Came with a western 7.5 ft plow. Paid 9k and used the truck full time for 6 years pulling a 7x16 enclosed in the summer and plowing winters in Erie PA. Now that truck is the primary plow truck and my 07 2500HD 4x4 is the plow back up. The 07 had 60k on it when I bought it for 19k, that is a savings around 11-13k.
Other than regular maintenance, the 99 has probably cost about 500 dollars a year in repairs. This coming summer will be the 3rd for the 07 and so far no repairs needed. I expect keeping the 07 parked for as many winters as possible will add many more years than I get from the 99. I'm a big fan of buying quality used and running them as long as possible.

[herler]

It's really a no brainer, with payments even at 0% interest it costs more.

So long I got the money to pay cash for it, I get what I can afford.

[BrunoT]

It's a crapshoot. I had a Chevy 2500 where the transmission died and the radiator also had to be replaced within a month of the warranty expiration. Dodged a bullet.

6 weeks later I'd have had a repair worth 60% of the value of the truck.

[711SnoPro]

With my families business (not lawncare) we just traded a 08 2500 crew cab dmax Chevy with 172k in on a 13 3500 crew cab dmax for 25k to boot. We will run them until about 170-180k then trade them. Used low mileage pickups, IF you could find one were only about 5-8k less than a brand new one...no brainer for us anyways.