Originally Posted by 32vld
As a rule engines just don't go from good to bad. They wear until they need major work. Gas mileage fell off too much. Never add oil to now oil must be added before 1,000 miles are driven. Indicators clue in the owner that the time to replace is near.
Most any one can be happy with a $40,000 pick up. Say it lasted 10 - 15 years, has 200,000 miles on the odometer. That comes to $4,000 - $2,666 dollars a year. Or a $30,000 pick up. That comes to low as $2,000 a year.
I do not care about depreciation because I do not sell my vehicles. I take them past 10 years and as many miles as possible. $2,000 - $3,000 does not buy much in the way of a used truck.
To me it is better to buy a new truck that averages out to $2,500 a year over the life that I have that truck then to keep buying someone else's used piece of junk truck. Most people sell an auto when there is a problem with it. Auto's cost to much just sell them because they got tired of owning them.
I agree and disagree both. So I'll give you my opinion, and note I have no bad feelings about yours. Both of my parents change vehicles every couple of years as well as many others I know. Not everyone, but there ARE a number of people that get tired of vehicles and just want something different or newer, so I disagree with your statement. I do agree with the part that many people sell them when they have their problems. I obviously decided I'm going to ride mine out for a while because I winded up getting another mower. My garage is full of nothing but mowers, blowers, and trimmers. Being a solo operator, I shouldn't have to worry about break downs with equipment. I have two walk behinds now, a 22", a 30" Turf Master, a Reel Mower, two trimmers, and edger, and two blowers, new saws (chain and hedge), and an old high mileage truck. So I guess I have enough equipment to make money with until I decide to buy me a new truck.
I understand what you saying about the life of a truck vs. cost. I believe the newer truck is better in the long run, but many people like myself don't want to shell out the cash for a new truck. I'm perfectly happy shelling out half the cost because the vehicle was pulled off the lot and drove 35k and the big money guy decided he wanted something new again.