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  #241  
Old 06-24-2014, 09:41 AM
herler herler is offline
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Quote:
Originally Posted by whiffyspark View Post
Depends on if it's a diesel or not for one. If it's a diesel after 5 years they're still selling for 25-30k

Even after that, a new truck is a new truck. I enjoy having new trucks. It's what I like and I pay for
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Right but don't forget to mention they also cost more out the door, unlike the 50 thousand for a gas model diesels cost more like 70 thousand, that's why they're "still" worth 25-30 thousand after 5 years is because instead of having lost 33 thousand the diesel has lost 50-55 thousand of its value, it's not because it "kept" its value "better," ultimately it still lost right at two-thirds of its value, the reason it is still worth more is because it had more room to lose.

Last edited by herler; 06-24-2014 at 09:50 AM.
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  #242  
Old 06-24-2014, 10:16 AM
whiffyspark whiffyspark is online now
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Quote:
Originally Posted by herler View Post
Right but don't forget to mention they also cost more out the door, unlike the 50 thousand for a gas model diesels cost more like 70 thousand, that's why they're "still" worth 25-30 thousand after 5 years is because instead of having lost 33 thousand the diesel has lost 50-55 thousand of its value, it's not because it "kept" its value "better," ultimately it still lost right at two-thirds of its value, the reason it is still worth more is because it had more room to lose.
No

If you pay $70k for a truck that's stupid

A brand new 6.2 is 35-40 oth

A diesel can be had for 50
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  #243  
Old 06-24-2014, 01:36 PM
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RSK Property Maintenance RSK Property Maintenance is online now
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Quote:
Originally Posted by KS_Grasscutter View Post
My guess is the guy driving the brand new bone stock F350 toting around nice reliable equipment, as well as the guy with the clean OBS Powerstroke and clean older but reliable equipment will be in business a hell of a lot longer then the guy with the brand new F-TeenThousand ( http://www.youtube.com/watch?v=F8P5vGcf-NU&feature=kp ) with ten thousand dollar rims but won't spend $300 on a damn line trimmer. Jus sayin.
he's a top of the line self taught mechanic as well, so when something breaks he fixes, and he has 2 or 3 string trimmers, he just uses them until they are completely junk then fixes what absolutely needs to be fixed if its worth it or buys a new one if he absolutely needs it, but he's been in the landscaping for 10 years now, doubt he's gonna go out of business now....and he drove to florida with the boat back in 2012, there's probably pictures of our trip to miami. anyways he went and bought the wheels and tires directly from american force for 7000 with adapters and all 6 aluminum. lol.

Quote:
Originally Posted by Plowguy43 View Post
Living rent free makes a big difference, plus it seems like your buddy went from the "proper" way of running his business to the complete opposite end of the spectrum - saving money, not spending it on useless stuff (like drinking, going out, etc) to spending all of it on items that depreciate horribly fast (boat, truck, wheels, etc).

Just odd that he'd go from one end to the other as soon as he starts making decent money. I'd hope by now he's purchased his own place to live in.
eh the boat is actually not that big of a bad investment, its not the best, but its one of the most desirable go fast boats out there. its entry level a national brokerage company that buys boats all the time offered him 95k for the boat. he's put about 30k into it maybe more but his initial money is still there and going to be there for quite some time. but you are right, the main reason he did that is because he was in a serious relationship for 7 or 8 years and she kept him focused on the money...and that's all he did. he also never experienced what it was like to be 20-29 for the most part. that's why he party's all the time now and spends more money. He rent's an apartment in nice apartment complex with his 19 month old son and girlfriend of 4 years. he's looking for a house, but he won't buy anything unless its really good deal like a forclosure that's going for 400k, but is a 700,000 house. he's all about the money. but dumping 80k into building a 9 second mustang that he parted out for 30k or less wasn't the smartest thing he did. but he'll be fine.


Quote:
Originally Posted by Plowguy43 View Post
Completely understand that, and I'm not insinuating he's not smart. Regardless of being used, vehicles depreciate fast, wheels depreciate fast, boats depreciate faster, etc. A house will appreciate and if he's spending $90k+ on a boat, then a house or some property would be a decent investment (as I said in my first post, I'm assuming he has purchased property at this point).
he's been looking but still no property, he somehow gets to keep his stuff in his parents 2 car garage. that he took over at 18 and they are fine with it.
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  #244  
Old 06-30-2014, 04:52 PM
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gogreenmaureen gogreenmaureen is offline
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I agree with you. I love the ones crying over price/slow payers too, with 5 loaves of bread under each arm.
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