Not to long a go, last year the truck in sig would have sold for more than I owe.
Not today. Looks like I will hang on to it, or get a good offer, and drive it very little. When the new emmision standards come in and the 02 are grandfathered it might increase in value. Daily driver is a used low mileage 08 Chr PT Cruiser that we got at a reasonable price.

 

Anyone that buys a truck and justifies it by imagining what it might be worth to someone else at some imaginary time in the future is only kidding himself. Never buy a vehicle on that ridiculous justification.

I don't care what my truck might be worth on the open market because I bought it for me and I am going to keep it. It serves me very well at work, for fun and while building my house. I just really enjoy driving it and making it better with mods.

Never buy a vehicle for the future sale to someone you'll never meet, get it for yourself and enjoy it! If economy is the number one consideration then get a Prius or an older Nissan or something. If you bought a Cummins strictly for resale you don't deserve such a fine machine. If you need a full size heavy duty pickup you can't do better than Dodge so why be concerned with resale?

 

By far the truest statement on oil.

Thanks for sharing it,


Tim

 

Only the HEMI's are bringing the real big bucks!!!!

 

you're welcome- it helps to vent, when $75 gets me 1/2 tank.

 

For all those that complain about the cost of fuel,you had a chance to do something about it (sell or trade) a long time ago and didn't.

The days of $5 per gallon gas/diesel were predicted a couple years back.

Everyone had their head in the sand and didn't think it could ever hapen.

Now its predicted that gas/diesel will hit $7-8 per gallon. If you don't need a diesel truck or can't afford the fuel and can get out of it without totally losing your pants on the deal,its time to say goodbye.

If you think the cost of diesel is going to stop rising,you're nuts.

I used a yearly bonus to buy my truck,its been paid for since the day it rolled off the lot. The cost of diesel surely sucks,but without a truck payment it doesn't hurt nearly as bad as also having a $500 a month payment.

I've also got two other cars I can drive,so I don't have to drive my truck anyways. I still drive it almost every day though.

 

Here's some bad news from GM: http://www.foxbusiness.com/story/mar...-hummer-brand/. Looks like 4 plants are closing and possibly selling the Hummer line.

 

My truck is paid off, who want's new car payments. I cannot tow boat or trailer with hybrid Prius, I guess I'll keep my truck until they pull the keys from my cold dead hand.

 

I'm glad mine is paid off too. It'll come back before I get to 500K miles, I hope anyway.

 

http://www.autoweek.com/apps/pbcs.dl...8/newsletter01

Git 'ur H2 wheels now before it's too late!

 

there are much better materials to make boat anchors out of

 

Maybe, but I've noticed A LOT more campers and trailers for sale for cheap. I think most people will think twice about pulling a 5'er when it costs them $500 just in fuel. Maybe they'll get a hotel room for $150 a night instead (most national parks have hotels these days), or better yet, just go good 'ole camping with a tent. Only thing I see that diesel trucks have going for them is the fact that they're the only real work truck made for hauling. So yeah, there will always be a demand for them in that perspective.

I think we're going to be seeing some real changes here in the near future. I have already noticed fewer trucks on the road and more people riding motorcycles. I passed up a Smart Car today... In Bakersfield.

 

very true- i think the entire RV world is taking a MASSIVE hit with the fuel prices. for many, it's just too expensive to pull a trailer any long distance, so they're putting them up for sale. where my in-laws spend their winters, there's already a move away from diesel trucks for pulling trailers, as many are getting HD gassers to save on the cost of fuel and to stay away from the new emmissions crap. if things don't change, being middle class in America is going to look very different in a couple of years.

 

I will say that the collapse in demand for trucks will = the collapse in the economy...

obviously fewer people will be buying diesels "just to have one", but people make their livings with these trucks. the new sales will go down, used prices will go down, but "collapse" is a fairly strong word. I live in a fairly rural part of TX, and people are still buying and selling these trucks almost "as usual"

 

Even before the jump in fuel and drop in large vehicle value, I think many people loose more in depreciation in a month than they spend in fuel... and accept that as the cost of owning an RV or truck. Most people still pay more on their vehicle payment than they pay for fuel.

That being said, it makes it kind of tough to do a long weekend ATV riding trip if it's going to cost $250 or more in fuel....