Jeez. Sure Picked The Wrong Time To Move

[Captante]

$70K....for a ford?

Sounds like a bargain!

 

[highland145]

Sounds like a bargain!

Pretty.

Waiting on the rollback?

 

[thestrangebrew1]

My 2014 f150 is around 21-24 kbb trade in, private is about 22-26k. Not bad. It's only got 86k miles, mostly put on the last year since I've been commuting with it.

 

[Red Squirrel]

I don't get the massive hard-on people have for trucks.

SUVs - yeah, I get it - people want their family to be comfortable and be able to store a good number of bags if you have a family of 4 or whatever.

Trucks though? Cost as much as a house and the majority that buy them rarely if ever use the bed of the truck - to the point where paying $150 in delivery fees everytime you would have used it would have easily paid for itself.


towing? Yeah, makes sense. So does a job or profession that constantly requires moving things or storing large items.

Mostly because of the bed, but it seems truck beds are shrinking now. Anything smaller than 8 foot box starts to have very diminishing returns. With 8 foot box you can easily carry regular 4x8 sheets of plywood, drywall etc and dimensional lumber. And you can even carry a bit of 16 footers if you're smart about it. Longest I've done is 14 footers. but I have put 16 footers temporarily to bring from one end of lumber yard to the other, which made me realize it's totally doable if I wanted to bring that home. Ideally you want weight on it and of course strap it down well. The other nice part of the bed is being able to haul dirty stuff like soil, gravel etc. You would probably not want to put that in the back of a van or SUV.

Plowing snow and pulling trailers is another big one, though you can do that with a SUV too.

The downside of trucks is the gas mileage though. Went to see a property 2 hours away from here and it cost me around $60 in gas. Started to realize even if I'd be willing to drive that every couple weeks once I build a camp there, the gas cost would pretty much make it unaffordable. This is where the EV trucks are going to be awesome, but need to wait probably a good 5-10 years for them to hopefully come down in price or become available on used market.

I guess one way to look at it is all the times I go to Home Depot or anywhere to get something that can't fit in a car, I'm basically saving myself $50 in delivery fee. But if I was to sit down and do the math I do wonder if I'm ACTUALLY saving. If I was to do it over again I would have probably gotten a car and trailer. I don't tend to haul super heavy stuff, just big stuff.

 

[MrSquished]

My buddy got lucky. Closed on a house in the burbs here for only 30K over. Probably because it's on a pretty busy road

 

[s0me0nesmind1]

When I need it, I don't have to go borrow one. Maybe once a month but borrowing is a PITA like olds said. And $35K isn't much of a house. Granted that's probably on the lower end for trucks. They do hold their value well.

I get it, I'm just a cost person. You also make the point, there are $80k trucks and there are also baby trucks too that are more reasonably priced. My first car ever was a lower-end Toyota Tacoma. Used. Ran like a champ for all my life growing up.

I felt the same way for a while. My first vehicle out of college was a ford ranger, but I ended up not using the bed as much as I thought I would, so I sold it and got a ford explorer. Used the hell out of that and the cargo space was great, but I always felt bad putting any type of load inside of it and often ended up renting a trailer or a truck, but the convenience just wasn't there. New truck is an F150 so I have the interior space and the bed and I've used it more than I could have imagined that I wouldn't have wanted to use an SUV for (like putting trash bags in back, etc).

And just to point out, the cost of a truck is very close to a large SUV when comparing options. Maybe about 5k more. I think I paid around 40-42 for my truck and my wife's grand cherokee was around 37 or so with options.

I guess for me I saw more use for a pick-up when I was in my younger days..... moving shit myself instead of hiring movers... Taking home furniture myself, buying ikea shit myself, etc... Now I'm old, pay for delivery - and also buy furniture that doesn't come in ikea boxes now heh.

 

[ponyo]

When I need it, I don't have to go borrow one. Maybe once a month but borrowing is a PITA like olds said. And $35K isn't much of a house. Granted that's probably on the lower end for trucks. They do hold their value well.

Exactly. Nerds here love to say people would be better off with a car instead of a truck and how people should just rent a truck when they need one. But renting trucks is PITA. I will gladly pay to own a truck rather than rent one when needed. My time and convenience have value as well. And that's worth far more to me than some small premium I might pay to drive a truck.

Not that I paid much for my truck. I paid like $22k for my 2002 Tundra SR5 brand new. And I've gotten my money's worth out of it. Thing is still rock solid with zero problems, and I can probably get another 20 years out of it. But I'm going to replace it with Tesla Cybertruck Tri-motor hopefully sometime next year. Why? Because I like the truck, and I don't care about the money.

 

[s0me0nesmind1]

Exactly. Nerds here love to say people would be better off with a car instead of a truck and how people should just rent a truck when they need one. But renting trucks is PITA. I will gladly pay to own a truck rather than rent one when needed. My time and convenience have value as well. And that's worth far more to me than some small premium I might pay to drive a truck.

Not that I paid much for my truck. I paid like $22k for my 2002 Tundra SR5 brand new. And I've gotten my money's worth out of it. Thing is still rock solid with zero problems, and I can probably get another 20 years out of it. But I'm going to replace it with Tesla Cybertruck Tri-motor hopefully sometime next year. Why? Because I like the truck, and I don't care about the money.

Right, so thats why I said in the few times you need to do such - pay the place to deliver it to you.

It would definitely beat vehicle depreciation.

 

[ponyo]

Many types of commercial construction supplies are really hard to get right now and contractors are buying and hoarding whatever they can get. It's absolutely insane, and I've never seen anything like it. I was talking to my former business partner last weekend and he was telling me how everything is on pause because they can't get materials they need to do the job.

 

[ponyo]

Right, so thats why I said in the few times you need to do such - pay the place to deliver it to you.

It would definitely beat vehicle depreciation.

Delivery is pain in the butt too. I wasted 2 separate days waiting for mattress delivery for my sister the past week. Costco hired incompetent delivery company to deliver and in the end, she didn't get her mattress. I had the same problem earlier this year getting bed frame delivered to my house. Absolutely incompetent delivery company, and I ended up telling the delivery company to shove the bed frame up their ass and refused delivery.

If I could've bought it local and picked it up myself with my truck, I would've saved money, time, and extreme aggravation of dealing with delivery company morons.

 

[Captante]

I get it, I'm just a cost person. You also make the point, there are $80k trucks and there are also baby trucks too that are more reasonably priced. My first car ever was a lower-end Toyota Tacoma. Used. Ran like a champ for all my life growing up.

My last Toyota pickup (pre-Tacoma title) lasted approx 360k, 90% of it doing courier duty in NYC. In other words punishing use. Also note it only cost about $9500 with every option except an automatic.

At one point around 300k the oil-light started flashing annoyingly so I "fixed" it with a piece of electrical tape!



I then proceeded to sell it for $500 cash and the guy who bought it from me drove it another 5 years with minimal repairs. (after cleaning the INSIDE of the cab with a hose!)

Note however that even with heavy-duty snow tires AND 50lb bags of concrete in the bed for traction (was RWD), it was STILL fully capable of getting stuck on even a SLIGHT uphill with a trace of snow on the ground.

Bottom line I wouldn't even consider a truck (even a 4x4) as a daily driver unless it was required for work and only one vehicle was in the budget. I care too much about things like nimble handling and a comfortable ride to drive something "agricultural".

 

[BoomerD]

$70K....for a ford?




That's only $5K less than we paid for the house but that was 25 years ago.

Remember...I'm poor. I couldn't afford the F450 I fell in love with...right around $125K...on sale for $95K.

 

[Tweak155]

I've been leasing trucks the last ~6yrs or so as I like having new vehicles regularly and my payments are usually really good ($270/mo previous truck, $243/mo current), but now that there is the new F150 model and the massive chip shortage, they want close to double the payment if I go in for another one.

I'll probably end up buying it out as current market shows it's worth more than what my payoff will be. That is if I can't get Ford to extend the lease another 12mos (you can request this, but it is not guaranteed). I can ride it around for another year and probably still come out very close to breaking even with what I'll buy it for this year.

But, there is a pretty good probability low lease payments are a thing of the past with all the factors hitting the market at this point. I'll miss regular new vehicles, but I'll be having a truck in this family for the foreseeable future.

Either way, it's way too convenient to not have it. It has large exterior space for the crap you don't want in your vehicle, and large interior space for things you want to transport dry / keep protected.

 

[Mermaidman]

Housing market is crazy. Been out bid a couple of times by people offering stupid, crazy amounts over asking price. Might start only looking at houses that have been on market for 10 days or so.

At least you'll get to sell your house at an inflated price too. It's the First-Time-Buyers that really suffer in this market. On a related note, it's hard to stomach the commissions charged by traditional seller agents.

 

[s0me0nesmind1]

 

[nOOky]

My 2019 Ford Edge ST was bought new on Black Friday 2019. The sticker was $49xxx, I paid $38,xxx for it because they have crappy resale value along with a bunch of rebates. I can sell it now for about $38k, and it's paid for. We have a 2006 Hyundai I could drive for a while, but it's not entirely reliable and beat to crap. Not sure it's worth selling just to pay more for something new, which in a few years I suspect will be depreciated through the basement once this is over.

A co-worker bought a Rousch F150 for $84,000 (nuts). It's probably one of the few vehicles that he would still lose his butt on if he sold it. We had our house appraised for property taxes after we built a new garage, literally a month or two before this craziness hit. So luckily our property taxes are still low, as is the value of our house.

 

[sze5003]

My girlfriend's parents recently purchased a house near me. We were helping them look and bid since they were out of state at the time.

Everything we saw was overpriced and even getting outbid at +30-40k over asking. They lost one bid that was +25k over asking to someone that just paid cash. People are waiving inspections too.

The house they bought needs a lot of work and they got it at a good price. It's coming along nicely so far.

Girlfriend and I are going to move in together in November. I was thinking of buying but after I went through the whole process for her parents, I definitely don't want to be bidding way over asking when I know those places probably won't be worth that much later.

Even my friends that were looking to rent couldn't find much available. Not looking forward to it that's all I can say.

 

[[DHT]Osiris]

I snagged a rust-free 07 Tundra 2 years ago for 13k, didn't even bother negotiating because I already felt like I was robbing them. This is the same area that will sell a ~05 f250 with literal chunks of rust peeling off the frame for 11k. Winters suck up here and half the population needs (actual needs) a truck for property management.

 

[MrSquished]

I get it, I'm just a cost person. You also make the point, there are $80k trucks and there are also baby trucks too that are more reasonably priced. My first car ever was a lower-end Toyota Tacoma. Used. Ran like a champ for all my life growing up.



I guess for me I saw more use for a pick-up when I was in my younger days..... moving shit myself instead of hiring movers... Taking home furniture myself, buying ikea shit myself, etc... Now I'm old, pay for delivery - and also buy furniture that doesn't come in ikea boxes now heh.

Some people need trucks. Also, a lot of truck owners buy them because they have small dick syndrome too and don't actually use the truck as a truck. Think coal rollers.

 

[Exterous]

in ohio the best bet is to buy something from AZ/CA/etc

and then just know that if you ever drive it in salt, it will be rusted to shreds in 20 years

though honestly i have a 25 year old civic and it isn't doing bad. back fenders are a little like swiss cheese, but nothing dangerous.

(oh wait nvm - i forgot that the brake line rusted out while i was driving towards a train track 10 years ago and i had to e-brake it, then take it to get brake and fuel lines totally replaced)

rust is a big problem up north. Especially around the Great Lakes region.

TBH I've never had an issue in MI with car rust. I had a 2005 civic I kept until 2017, put ~250,000 miles on and never had any rust issues. Not garaged for its first 5 years and never car washed. I have a 2008 and 2013 car now and still no rust issues with either

 

[highland145]

TBH I've never had an issue in MI with car rust. I had a 2005 civic I kept until 2017, put ~250,000 miles on and never had any rust issues. Not garaged for its first 5 years and never car washed. I have a 2008 and 2013 car now and still no rust issues with either

Reason found.

 

[brianmanahan]

TBH I've never had an issue in MI with car rust. I had a 2005 civic I kept until 2017, put ~250,000 miles on and never had any rust issues. Not garaged for its first 5 years and never car washed. I have a 2008 and 2013 car now and still no rust issues with either

i wonder if they've started making them better, my 10 year old honda hasn't had any rust issues yet

 

[nakedfrog]

I wonder if they were galvanizing them.

 

[highland145]

I wonder if they are transformers.

 

[Red Squirrel]

I think part of the issue with rust is they changed the paint formula years back, but also cities salt the roads way more now. Wish they would end that and just tell people to learn how to drive properly in the snow, it's not hard. Use sand instead to create traction.