Seems to me that some of you guys are still in denial or just continuing to live in a "fool's paradise". To wit - "...diesel trucks are the only trucks for REAL men" and "...loaded with people who need them as pull trucks for work, horse trailers, TT's, 5ers, etc."

How many of you will be pulling anything when diesel is $10-$15+ per gallon and your job or pension has disappeared?

For those in denial, read this for another wake-up call! The energy wars are coming - time to hunker down and/or head for the outback!

Welcome to the "New World (dis)Order"!

 

so it appears that morgan stanley and goldman sachs, who have frequently been accused of artificially driving up prices with their predictions, are doing it again. i would be paying close attention to the current investigations into the speculators, as the results could have a big impact on future prices. i'm not getting into my mel gibson 'mad max' mode, just yet. here's an article from THE SAME SITE, that doesn't see $200/barrel oil and 'fuel wars' in our future.
http://www.newsweek.com/id/139396?tid=relatedcl

 

I suppose, if we all actually bought veichles we could pay for at the time of purchase, this sort of thing wouldn't be making headline news in the Wall Street Journal. I congratulate anyone with a paid-for truck for keeping perspective.

 

yeah, probably should be the same for houses- you should have $200,000-$400,000 in your pocket, or walk away. probably lots of people with a paid-for truck, that didn't have the cash for it at the time they signed for it, and simply paid off their note.

 

Imagine what a 98 grail with low miles will be worth in 30 years and Barret Jackson. Or better yet a 98 non QC 24 valve

 

I just hope someone is remanufacturing VP44's in 30 years still

 

I will be keeping my truck. It is also paid for. I need it for occasional pulling and it will still beat most of the muscle cars out there.

 

Personally I do not care how much others think that I need to sell my truck because I do not really need it. I can afford to pay for it so I will keep paying for it. If I can not afford to pay for the fuel for it I will just drive my Jeep that gets 20 MPG and park the truck like it basically is now. I know that it does not look good for the market on anything now, but I almost guarante that it will get worse, everyone needs to sit back and hang on for the ride.

 

Perfect time for me! I just bought my '06 since the market is down, only thing that is bad is that I can't sell the Ford it replaced as easy. Saved a decent amount of cash too. The market will pick back up, doesn't this happen every couple years? (well mabey not this bad)

Tobin

 

Mine is just about paid for. Anyone can speculater anything they want. It's simple math for me. I've allready calculated from today to 60 months out. My least expensive option is to keep what I have and maintain and drive it wisely.

I'd have to change careers if I gave it up. I do small home repairs that nobody else will do. Fix a 2 inch hole in a sheetrock wall for example. or put some weatherstripping on a door. There's not a single contractor that I've ever heard of or any of my customers can find that will do these small things. They all want to redo the entire sheetrock on the wall or replace an entire door for $2000 when all it needs is a lockset adjustment and $5 foam rubber strip. I need my truck to carry my tools and supplies. With it, I have my choice of how much money I want to make each week.

So if I sell and get something else, i'm giving up a very valuable income. And I won't really be saving anything. Even though my fuel cost more, I can drive right and get 21 mpg. A gasser would only get 15 mpg so it will cost more in the overall scheme to switch to gasser. That's not even mentioning the 4 extra years of payments added on.

If most people would simply sit down and do a little unemotional math, they'd be surprised to find out it cost more in the long run to switch to a 30 mpg Yamahoochie mobile.

 

My truck is not paid off, on the contrary my lease just ran out and I have the option of bringing it back in and lease another or buy this one out.

For what the buy out is, I could not replace a one owner never been off road truck like this from the dealer.

I also plan on driving this thing untll the wheels fall off, I am a contractor and so far this truck is a viable investment as I can use it as an business expense at the end of the year.

I just bought a second house as revenue property which will aslo help with my truck and additional business expenses.....

Right now is the time to buy or make investments...... cheap money, cheap real estate.

 

My truck was bought to make money and only moves when I am getting paid to use it. It is a work truck. When fuel was cheap I drove the truck for pleasure too, but I have to remember it was bought for work. Right now I drive my motorcycle and in the winter I drive a Hyundai. Most of the time I drive a customers car. Test drive = free fuel. Life is good.

 

Please don't tell the corporate office about this...if oil hits $200/bbl like the article says they will not allow me any time off.....the 12-15 hr workdays suck already.... As for heading to the outback well I'm already here

And as of today paying $4.79/gal

 

When dodge came out with the latest incentive package, I kicked around the idea of getting a 6.7 with the 68RFE.

When I looked up the blue book value of my paid for 06, I was surprised how much it dropped in 5 or 6 months...

Considering crude prices have nearly doubled in a year, I'm thinking we might see $8/gal in the not too distant future, and that could really torpedo the value of big trucks.

I have to admit I was a bit surprised that the article seems to suggest pickup values have dropped more than SUV's. I figured most people with heavy trucks haul equipment, horses or whatever and can't downgrade, where as soccer moms can get a family sedan instead of the excursion...

 

Wonder if some of those truck loans were sub-prime?

The trouble with our economies is that they are so dependent on consumption.... don't have the money... finance it! Don't qualify for a loan, no problem... you can lease it!

Rent to own your furniture.... to fill your 100% financed house....that you park your totally financed vehicle in the garage and fill it up by credit cards.........

When people get spooked and stop buying.... the wheels fall off of the economy.