Too slow? What is its MPG?I'm still driving my 02 wrangler. I do need to upgrade my truck. The naturally aspirated diesel isn't cutting the mustard any more.
They're NOT thinking. This is all going to end with the biggest bang you've ever seen. And everything you've just described has become the financial norm for many people. People are carrying around unheard of debt today.Today I am having a conversation with a guy at work and he said... "I need you to pull me back to reality." I asked... whatsup.
He said he is about to purchase a 2021 Ford F250 Power Stroke Diesel 4x4, but the kicker is..... $69,990 price tag for a two year old pickup with 31k miles on it.
It'll be financed for 84 months. There is $5,600 in sales tax. and over the life of the loan, at 7%, he will pay over $11,000 in interest. They will pay him $26,000 for his trade in. Total cost is over $86k. $727.00 monthly payments for 7 years..... Maintenance, Annual Registration and Insurance are on top of all this.
I told this story to my little brother and he said.... "That's nothing..... I have a friend that just purchased a 2023 GMC Denali 3500.... no trade in... only $3000 down payment and the $8,000 sales tax and the vehicle cost was $97,000. Payment is over $1,300 a month for 8 years.
In 2014 I paid $37k for my Ram1500 EcoDiesel. Today it is running perfectly and has 140,000 miles on it. I plan to keep it 10 more years, minimum.
Can I ask.... what are people thinking?
Dang, whereabouts are you? In Northern Virginia it just cost my wife and in $90K to buy one acre of adjacent land.I just bought the 40 acre chunk of land next to my place for 50k, much better use of $$ than a dang vehicle at that price.
I think Chris is referring to his '87 F250, which is likely a 6.9 IDI International diesel (guessing 12-15 MPG?). At one time, I actually considered transplanting a P-pump Cummins 12V 5.9 in place of the 7.3 in my '89 F-450, but when diesel prices went insanely high I just pretty much stopped driving the 9-10 MPG $5+ gallon beast & wedged what I needed for side jobs, etc. in the Express instead!Too slow? What is its MPG?
Good news is I'm 6'4", not really looking to replace my wife of 34 years (best move I ever made was marrying her), don't want any more kids! I'll be short in the Corolla, looking for 40+ MPG...Country folk buy vehicles for status/acceptance just like city folk.
Height and size convey status across most societies. Both physically and in terms of materials. It conveys a message to females that one has resources to raise offspring as well as having status within the community (aka tribe). Men are like peacocks. "Look at my feathers !!!"
A colleague called them emotional support trucks, and it's pretty true. A lot of folks at the Ship Yard are truck poor so they can look and feel the part.
Then again, those young folk are never going to be able to own land. So why not.
But factor in the tax, cost, and resale, you've basically paid for 3 trucks but only received one.
I need a new truck so ... waiting for it to pop.They're NOT thinking. This is all going to end with the biggest bang you've ever seen. And everything you've just described has become the financial norm for many people. People are carrying around unheard of debt today.