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Trucks and depreciation

miri

Diamond Member
Jun 16, 2003
3,679
0
76
Do trucks really hold their values much better than cars? In 1996 I purchased my first vehicle, a brand new 1996 Mazda pickup for $8888. That was a advertised special and I had to wait a few days to get it. I sold the vehicle to a dealership in 1999 for $8300. The truck had 0 options. I had a cassette deck installed but it had nothing, not even power steering and no air conditioning either and was a 5 speed. The truck had 31K miles on it. I have read that there is supposed to be a big depreciation on new vehicles but a truck losing only 7% of its value in 3 years and 31k miles later? Are all trucks like this?
 

CraigRT

Lifer
Jun 16, 2000
31,440
5
0
trucks do hold their value better ... almost all trucks

i was looking at used Tundras and Dakotas... better off to buy a new one, unless I want one that's like 6 years old or more.. (I was looking at 2000's)
 

Ornery

Lifer
Oct 9, 1999
20,020
14
81
I'd own a 1/2 ton, 8' bed pickup if they didn't hold their value so well. I can get a loaded luxury car, with all the bells & whistles, for the same price as a stripped down truck with twice the miles!
 

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