Invest $ 70k in real-estate . When the market crashed in 2008 - 2015 years, you could actually by a good home in great area . The Chrysler and GM, actually made huge profits during Covid , also got bailed out , then turn around and gouge prices .👍. Thanks they are just great companies .
@@MrHarryhere69 that is why I still drive my 2001 Ram Diesel without even a cat on it. I can do most the work on it. Problem today is like you say the sensors and the mechanics that are young, if it doesn't give them a code they don't know what to do. I don't know anyone that has a newer truck that hasn't had some issue with it.
Multi decade Ford Parts Manager here. You’re not wrong. There is a reason Ford and others are getting their asses handed to them in warranty expense. These new rigs are GARBAGE.
Yup. My 05 Duramax is a little rough to look at, but its mine and I can actually fix it if it breaks.Which it doesn't, knock on wood. The software issues on these newer vehicles are insane. Trucks fine one day, $70,000 paperweight the next. No thanks
@@simplelifewithrobertpusate294 My newest work truck is a 2003 F150, then a 98’ Gmc, a 94’ Chevy K 1500 and last of all a 1988 Ford E350. They they are all plated, insured and on the road daily in my construction business
Agree even though I did just buy a used Diesel F250, I just t paid 2.5K to have my 20 year old F150 timing chain etc changed with the logic it could run for another 50k miles as it doesnt burn oil and everything still works on it. I am giving the F150 to my son.
I remember when a truck cost less than a 4-door Chevy sedan. Listen to these guys, "if I buy an old truck I might need to work on it" 😂. Enjoy being broke....
Yep, shouldn't be nothing behind the front seat but a pickup bed. They're commercial vehicles made for work, not something to take the kids to the mall with.
@scaramouche8244 I didn't know that. I've just been hearing the lots are overflowing. I have a friend who owns a Ford dealership, she said they have more inventory than ever before.
@@tinbeater36 Ford reports a 0.7% increase in US sales in 3rd quarter due to strong demand for trucks. Ford Motor Co. reported on Wednesday that U.S. new vehicle sales were relatively flat in the third quarter compared with the same three-month period last year, rising 0.7% to 504,039 vehicles.Oct 2, 2024 I guess are slowing
I walked out of the dealership for $300, and I had drove 150 mi to look at a used truck. I walked out, got in my vehicle and was backing out of the parking spot when the owner of the stealership came running out the door wanting to talk. I did end up buying the truck
@TheScrubmuffin69 Most pickup owners buy them to display their arrogant, macho and cocky attitudes. They're the phony tuff with a big ego. STOOPID !!!!!!!
As the brother of an accountant (it's in the blood!), I did the same thing recently on a used 2019 Toyota RAV4 I was looking at paying cash for for my daughter. Local Honda dealer advertised it at a low ball price and then when it came time to do paperwork they jacked the price up $1500 for the same reason, PLUS several other bogus add-on fees. I got pissed and basically told them hell NO and what I thought about them on top of that! Couldn't hold back. So sick of car dealers and their shenanigans. Never again. Ended up buying a good used Toyota 4Runner from an individual for WAY less than most dealers were asking for the same year model! No bogus fees and no BS! Dave Ramsey FPU graduate here. 😂
I live in an upscale community and every house has a new pickup parked in their driveway, sometimes two. It is like they are all competing with each other for the most expensive truck
@roberts.3712 meanwhile Jeff Bezos kept driving is 1997 Honda for YEARS after he became a multi billionaire. Goes to show the difference between mindsets.
Re: Financial institutions In the 1930's Henry Ford publicly stated that if the general public ever found out how American banks operate, there would be rioting and upheaval in the streets.
@lailer1975 he also said he would give cars away if he could control ALL the parts. Meaning no 2nd hand brands. He wanted people's money just as much as the next millionaire. Weird how the greedy get even more greedy when they get more and more money.
Thankfully I have not used an actual bank since child support took my accounts in 2001!!! I am not wealthy by any stretch, BUT I still afford the things I want without a bank at all in my life!!!
@@jeanvaljohn3921 Banks are no big secret. They use our money to make money. Invest your extra money and keep smaller amounts in the bank. I don’t keep much at home but enough in case I need some. Have a good friend who kept his dough in a small safe that looked like a can of hair spray or something like that. Had about 8k in it. Wife accidentally threw it away while cleaning out some things. To the landfill it went. That money in a S&P500 index fund from 2016 to 2024 would’ve turned into 15k…I’m shooting from the hip on that. But it would’ve grown significantly. But he doesn’t trust that stuff.
This is a pet peeve of mine. I'm 71 and I have never bought a brand-new truck. Nor have I financed through a dealership. They charge you more for the total price and then charge you interest. I worked with guys that got a brand-new truck every 3 years. They never got one paid off. I'd rather buy an excavator, which I did in cash. Happy new year everyone.
I tried to explain those facts to my ex wife. I also tried to explain to her that going into massive debt is basically selling your future self into slavery.
@@The1stDukeDroklar Slavery would mean you were getting nothing out of it and simply working to benefit someone else by force without you getting a choice. But in this case you will have chosen to take out a loan for a machine that will only benefit you. Not really slavery in any way mate.
Financed through dealers(well manufacturers) the last 3 cars i bought. 1.9% and zero percent for the other 2, all 3 for 60 months. Use their money instead of mine for 5 years. Having good credit does pay.
Part of the problem is endless consumption. People keep trading up vehicles every 3-5 years and manufacturers noticed. I drove my last truck (F-150) for 17 years. I intend to drive my current truck for 15-20 years. If people would stop buying these things every time a new gimmick comes out then prices will naturally fall.
@@the308capital if you dig in to those reasons that caused people to trade like that, you will find that at least 75 to 80 % of those people that traded their car in after only 3 years or so, had a problem out of warranty, had a problem the dealer just would not fix and worked the customer into a new car, or they traded up getting longer loan to lower their car payment or at least that's what they went there to do........ People are in bad shape right now.....Car dealers have caused alot of damage to people...... Ultimately, it's up to the person. There is really no excuse for getting your azzz handed to you by a car salesman or car salewoman...some of them are just flat out demons..... with boobs... The answer to any question a person could have about a car, buying a car, selling a car is on the internet or youtube......someone has made the right video for every person.....any question........ But, it is also the dealership......They sell the 2nd most expensive thing the average person will buy in one's life...and they should be held to standard and held accountable just like a real estate agent.......... The auto industry needs to be put in check hard....by the people...... The people need to put them in check.....because the auto industry broke the people trust and took advantage of their wants and needs......and desires........in the worst possible time in history 2nd only to the great depression........... That deserves to be handled by the people......hard....
@@DoyleShadduck That's not what the OP said! High amounts of household debt on depreciating goods are a drag on the economy and cause EVERYONE pain! It also transfers (voluntarily) even more wealth to the rich. By going into debt and living above our means we unwittingly raise the value of huge corporations and banks, thereby increasing the wealth gap. This ever so slightly lowers the quality of life year by year for the middle class. In other words, YOU living above your means is ruining other people's lives!
Why would you get a new truck. And make sure you get a single cab with an 8 foot bed that’s lifted so you can’t park it anywhere or driving in the snow with your 14 kids in your your girlfriend who you don’t have and your dog and your ass dog and everybody’s dog just go take your neighbors dog too throw them back, but put it in the cab. And then go drive in the snow with a bunch of things that go bang them 15 car seat we put the car seats on the bed with the dogs.
I just purchased a near mint no rust, 2006 f350 with less than 100k on it. Spent 5K to fix it to become almost brand new. Put a used fisher plow on it. Now I have a perfect 1 Ton pick up truck for less than $15K. I don’t like newer trucks with spyware, engine and 10 speed transmission issues.
@@jamesl3567yeah the 10 speeds have a huge issue of going out mainly due to the torque converters have a 2019 Escalade with 70k miles already had transmission replaced and a I own a 2018 king ranch f150 that had transmission go out at 120k miles all under extended warranty’s thank god but they both started the same way torque converter shutter at cruising speed but by time you feel that it’s basically to late you smoked the transmission. GM makes the 10 speed transmission and torque converters for both for ford and Chevy and they are not doing amazingly as far as longevity .:. And at 6-10k to have replaced out of warranty not a good thing for the new trucks
The prices on trucks are obnoxious. You simply cannot buy a basic truck these days. I went to a dealer and told them I don’t want all of the bells and whistles and worthless trim packages and accessories they install. All I want is a simple basic work truck that is reliable and cost effective. The dealerships looked at me like I was some kind of nut case. Told me I couldn’t buy a truck like that. Very aggravating.
These trucks do exist. I bought a new truck a few weeks ago. I did not go with a Chevy Silverado 1500 WT (work truck). It's got a few of the "bells and whistles" that literally every new vehicle comes with, but it's about as basic as you can get in 2024/2025. Vinyl seats. The smallest touch screen radio you can imagine. Cash Price? $45,000.
People who don’t walk out and submit to these inflated prices and scams are why we are in this mess. Respect dude, for being a man and standing your ground
Poor guys used to drive around in a truck with a ladder, looking for work .. now, kids cant afford trucks, now things aren't getting fixed... Now, it costs a fortune to get a roof put on... Everything is tied together
I am a 73 year old building contractor. I spent my life working out of $500-1,000 trucks. Fed my family, lived in a paid for house, had boats, travel trailers and an airplane. I also mostly paid in cash and still do. I wrote large checks for building materials and most other large purchases, but keep in mind checks are basically cash Not credit (you have to have the money in the bank to back the check!).
@@highwatercircutrider sorry I didn't mean to offend you, I drive old trucks too, I am not trying to judge what people have and don't have in life, I am just noticing less and less kids playing Mr. Fix it and or trying to handle bigger projects, with prices as high on trucks as they have been and with them getting harder to fix, what I am noticing, I don't see kids playing(starting off with a ladder and a truck) as much as the past generation did, I don't blame the kids, times are different, some are still doing it.
At least this dealer had it "in the fine print" - some dealers just say "things change". Walking away was absolutely the right move just on principle alone.
Here in Canada i wanted to pay cash for a diesel truck and the dealer wanted nothing to do with a cash sale, they get kick backs from the banks for financing and wanted to charge an extra 4 grand if i did cash. I also walked out, purchased an older truck from a private seller and never looked back.
Yep, financing has ruined the car industry, the dealer wants to make money on the car itself and the financing and they get a piece of the extended warrantee money and they get a piece of the insurance money if they can sell you a policy as well. It's insane up-selling on a greed frenzy scale.
Truth!! Our friend owns a car dealership and when we buy cars from him as a favor to him we finance him and then we pay three payments. His dealership gets full credit for the finance and then I just pay it off. He actually gives me money off the car to finance it. They’re not selling cars they’re selling credit.
I am in the exact same boat that you are in right now. I’m looking for a 3/4 ton Chevy truck. Anything under $40,000 has 150,000 miles on it. Truck prices are insane! Anything decent is 55+.
Nice to see you two collaborate again. According to DOT statistics, over 78% of pickups do not carry anything in the cargo bay (bed) in the course of their first owner or within the first 5 years of operation. Most people buy a truck for image or status which have made them more expensive and out reach for people that need them for their intended use, work.
I worked with a guy that lived in a condo, worked in an office all day, and did not do projects or sports. He drove a F-150 CrewCab w/6.5 bed. His HOA gave him issues because it was too long for his driveway and stuck out over the sidewalk. I asked why he needed a truck, answer was "they look cool". Doesn't make sense to me.
Something is not adding up here. No dealer wants cash. They make money by financing. I agree with you though, always be ready to walk away. I don’t want to give these crummy shady dealers my business.
This is the first I'm seeing of your channel, but I'm subscribing for the most sane opinions I've seen on youtube lately. Lots of my friends have been buying new vehicles lately and have called me crazy for preferring to pay cash for a used truck. I'm proud to have stayed away from dealerships for this long and I don't plan on stopping by anytime soon.
We ran into this too. They up-played their lightly used trucks still claiming low inventory high demand yada-yada. And when we discussed our trade-in truck (6 yrs old) they downplayed its value saying there is low demand. LOL. We got up and walked out. We've had it with dealerships. Just sell us a truck for a reasonable price, and give us a reasonable value for our trade-in. That's all we're asking. Dealerships need to stop trying to screw people over
Twenty years ago, my partner and I visited a dealership to buy a used car. We took the car for two test drives. Then, we had it checked out by an independent mechanic. We decided to buy the car and negitiated a satisfactory price. But, when we sat down with the salesman to fill out the paperwork, suddenly, an extra charge called "Administration Fee" was added to the mix. When I pointed out that we had been in contact with the salesman 11 times over 4 days and that "Fee" had never been mentioned. No where in the sales ad or in the dealership were signs or notes to inform the customer about this "Fee". The sales person responded that it was my fault that I did not know about this surcharge. 'Everyone knows about this', he said. I said it was 'deception by omission' and walked away from the dealership. Then, I told quite a few people about that company's business practices. Over the decades, I have purchased quite a few vehicles. Most of the purchases have been directly from the vehicle owners.
The truck I wanted was a 4 door, diesel, 8’ bed, used. I was laughed at at so many dealerships, you won’t ever find one they told me! Well someone took my money, I’ve had the truck for 10 years, can’t afford now to replace it!
Adam, from an accounting standpoint you can appreciate this…we saw the opposite situation where it was more expensive to PAY CASH! I was flabbergasted. I was ready to walk on the deal but the finance lady explained that they get a kickback from the lender so they are able to sell cheaper when someone finances. When paying cash they have to charge more. She was very helpful in giving us the third option to get the best price which we took, and that’s to finance it but pay it off before any interest charges started. When doing so one has to make sure it’s the right type of loan. She was a stand up lady.
Only issue with this is the title will show a Leon holder and you have to track the Leon release along with the title until you let the vehicle go I will never forget looking at the title for the first vehicle I ever bought outright and seeing the title marked no lein holder
@ where I live the lienholder must release the lien within a short timeframe and a new title gets sent to the owner. I assume there must me similar provisions in all states. Never had an issue in the past with this. There’s no longer a reference to a lien because it has been satisfied. In our case we paid it off so fast that it actually took longer than otherwise would have because they had to file the lien then release it with a few months and send a clear title. The end result was saving a few thou$ and waiting a few extra weeks on the title. Title is clear though, no lien mentioned. Now if it was an individual who holds the lien then you could have more challenges but with a reputable lending organization they are good about it.
If he's an accountant, he knows banks seeing a higher residual will effectively pay a dealer more to have a customer financed. That's one example. A dumb move by a bank isn't a "kickback". Banks are regulated more than car dealers, whose lending practices got a pass under Dodd-Frank. Captive finance companies include Ford and GM. Their sub-prime practices are legendary.
15 years ago I bought a 1999 crewcab Powerstroke with 195k on the clock for $9700. It's got 245k on it now and my wife wants me to get a newer truck. My truck is in excellent condition, has no emissions and will pull anything I need too pull. Why get rid of it?
I bought my 2015 F350 almost 5 years ago. One year later the same truck with the the same package nearly the same mileage cost 13.000$ more. Thats crazy and today its nearly the same.
I got a 2020 ram 2500 brand new for like $41k and I thought that was expensive. The same truck but one trim level more basic had an extra $7k on the sticker in 2022. And that was before dealer add-ons
You said it, when you "finance something it's just a number"; that's precisely why you pay cash. You need to "feel" it. Financing is also why they can drive prices up. Same as Health insurance and health care.
Interesting thought, i never thought of it like it was that financing makes it easier to drive the price up to make it affordable. If that is what you mean? :). I myself look at it from a buy and own it perspective like you describe but more that the car needs to be payed and i do not see another option, a truck is worth 100k and maby 170k but then i really stretch it since the insurance etc also go way up. Thx
@@cisco5400 It really isn't. The reason why everything is so expensive these days is that we all got used to "luxury" features VERY fast. Ask yourself: Would you buy a new truck that has a window crank, only a basic radio, basic temperature control, and no luxury features? I mean, I would answer that question with yes, but I'm not sure I'd actually like what I bought afterwards. We (and by that I mainly mean Americans who always seem to drive the very latest model, since financing is so popular over there) have gotten so used to power windows, a luxury entertainment system, electrically adjustable seats and steering wheel, fancy headlights, seat/steering wheel heating, you name it. Those things all cost money. Compare a basic 1990 truck to a basic 2025 model, the difference in features is insane. Do we need those luxuries? Absolutely not. Do we want them? Apparently we want them so badly that we're willing to pay a small fortune for it.
You take a loan out to pay for your health insurance? Never heard of that before. Which really means, your analogy is poor. The reason health insurance premiums are so high is because youre paying for 1) the uninsured and illegals (ie, obamacare, EMTALA), 2) inflation (also caused by govt), 3) trial lawyers, 4) everyone needs healthcare, like food, 5) lack of transparency and competition in healthcare.
And this is why I just spent money on fixing the rust on my 15 year old vehicle. It is lower miles since I (nor the people I bought it from 6 years ago) drive all the much, it does not have a lot of the bells and whistles that newer trucks do that can break, and it just plain works for my needs; PLUS it is paid for and cheap to insure.
Refreshing to hear from Truck guys with good financial knowledge. I’m Computer nerd wanting to buy a Tacoma or Colorado for over decade now and I just can’t justify spending 45k-50k truck. Frustrating.
Good that you walked away! I just bought a 2022 truck at Enterprise Car Sales. What I liked is the price is the price no haggling! They only make 6 to 7% and were the lowest price in the used truck market. Give them a look. Best of luck!
Most people who have pickup trucks don't actually need one. I hardly ever see anything being carried and even then it's nearly always a legit work truck. Though some tow the larger range of camp trailers. A friend of mine bought a pickup from a car rental company just like you. After starting to get ready for a camping trip he discovered that it was only a light duty model and wasn't rated for his trailer. Anyone can find out the factory specs using the individual VIN. Engine, suspension, drive train, and even frame thickness vary by capacity ratings.
I bought a 2005 RAM with the 5.9 Cummins and paid 20k. It was an excellent rust-free example but I still felt quite a bit of regret initially. The longer this insanity goes on the better I feel about my decision. I can work on it because its pretty low tech and I don't have a $1000 payment.
The prices of new trucks are insane, but someone is buying them. I hear the same: everyone is going bust, people are out of money and credit, yet they keep buying. I see that sales increased this Christmas season compared to last year. I wonder what the truth is.
I have trouble believing that vehicles are actually selling. If they are selling maybe it’s the commercial/government fleets that are inflating the numbers but I don’t hardly see any new vehicles on the road where I’m at. There’s like 2 new Toyotas I’ve seen in peoples driveways but no ford ram or Chevy trucks really. The Chevy/ram dealer by me is stacked full of trucks they can’t get rid of all of which are $70-100k on the sticker. And like 1/3 have custom beds making them well over $100k. They have so many that they filled in the grass field between the Chevy and ram properties with trucks. There’s gotta be at least 300 trucks parked on the grass there. I’m not sure if they are trying to stock up and avoid the next “manufacturing shortage” or if they just can’t sell many. And then the Volvo dealer also a similar scene. They got cars galore stacked up at their warehouse, and down the road the semi dealer looks like they might have to start moving their fence further away from the building and get another row started if another load of trucks pulls in. I think out of the few people I talk to I can only think of 1 person that got a new car with in the last 6 months.
Correction. Ppl WERE buying them. New car numbers are horrible, check local dealers “days on the lot” numbers. You will find many at 180 days and more. Record number of dealers closing, record number of repossessions and record number for current loans in delinquency. The car market is heading towards 2007-2009 all over again. The manufacturers and stealerships have no one to blame but themselves.
I bought a 99 7.3 ext cab long bed powerstroke with 126000 miles last June for $16,500 best thing I ever done for my business, I'll take the break downs on it, just replaced the transmission, but still cheaper then buying newer vehicles, the prices are insane, you did awesome by walking away.
We (North America 🇺🇸🇨🇦) have a PLANNED auto market. We are on the road [sic] to Cuba levels of market dysfunction where you’ll keep that 7.3 running and the globalists will legislate it and all others out of existence.
2006 Ram 1500. 315k miles. Engine has blow by and transmission just started acting up. About to pull it out next month and put a reman in and rebuild the transmission.
It was a huge decision for us to trade in our truck that we owned for 17 years, a 2005 F350 on a lightly used 2020 F350 with the 7.3 Godzilla. We went from having no car payment for a number of years, to having a truck payment that was bigger than our mortgage payment before we had paid our house off. We're working aggressively to pay the truck off - because like you - we hate payments. You're right - it's nearly impossible for anyone to actually pay the cash price for these trucks today. Henry Ford's dream was that every household of working individuals would be able to afford an automobile. He probably never would have imagined a day where a household can ONLY afford a vehicle by paying on them over 6-7 years, at a price more than their entire income for a year.
Applying Henry Ford’s vision to today is laughable. Families had 1 car for decades. Or *work* truck and 1 car for decades. These are first-world problems you’ve created for yourself. Not some societal flaw.
@@henrymorgan3982 Manufacturers raise their price by 4% every year if nothing causes them to raise it more. It helps the dealers to sell old inventory without discounting it more. Do that for 10 years and the 4% each year is 50%. Think about what it is after 20 years, 30 years, etc. That is capitalism at work
I did have some buyers remorse because I spent more on my truck than I did my first house, but after almost 2 years of ownership….. I love my 2023 F150 Limited 😊
4:59 The reason trucks are so expensive is we want a family car with all the bells and whistles. NOT A TRUCK!!!!! We as consumers have caused this if you stop buying the manufacturer will make changes. But we have to stop the insanity.
Yes, but the manufacturers are also spending billions in marketing to convince everyone that a truck or truck based SUV is needed for safety. And the reason everyone needs a truck for safety is because the manufacturers stopped making good cars, and pushed large trucks on everyone. So if you happen to be in a car, your safety is at risk from all the massive trucks on the road. Oh, and trucks and SUVs have far more margin than cars.
At 5:30 he describes needing a minivan, wagon or crossover, not a truck. Why not keep your old truck running and buy a second practical family car? Probably cheaper to insure and run two normal vehicles than one enormous luxury truck anyway. It’s not like you can drive all your kids and dogs around in both vehicles at the same time.
You're missing some key points mostly how the cost of things are higher than they should be. Why is it I can get the same truck in Mexico for far less?
the problem with that is they really have stopped making 4 door mid size sedans. everything is a crossover now. i dont think ford even makes a sedan now. gm has the malibu. bmw ,audi and benz make some great 4 door sedans to look at. but they are complete money pits after the warranty is up. nissan is a joke with the cvt trasmissions, honda has the accord, which is nice but has some issues. and you have toyota, they have the camry which is the go to mid size sedan.and even toyotas reliablity has taken a hit the more tech they put in the vehcles.
CUV/SUV let's the EPA mpg creep down 4-5, saving OEMs over the cost of that sedan. There's a reason they cut your legroom off. My minivan was like a pickup, but stuff stayed dry.
The prices are ridiculous. It crossed my mind to sell my newer truck and buy an older one and eliminate a payment. Just minimize what I'm paying for now, so later I could possibly retire earlier. Dave Ramsey's moto, "work like no one else, so you have to work like no one else." I think that's how it goes. Lol. Good topic!
@@tomkeltescheverythingoutdo2379 But even these old trucks with close to 200K are still selling for 20K. And we're talking about a 20 year old truck that will need about another 5-10K in repairs. Not to mention the luxury features and twice as much power and towing capacity in these newer trucks. Some of these new f150s can pull more than these old f250s. Yes. I've seen it.
I did just that. I sold my expensive Cummins diesel and bought an older 2003 Chevy 2500hd 6.0L and used that money to pay down my mortgage. I did it 8 years ago and don't regret it.
I wouldn't even think about spending 70 or 80 or $90,000.00 on a truck but as a rancher I need a truck. I found a 2009 F-350 Super Duty FX4 in good body and interior shape. Flatbed, ranch hand front bumper, running boards. Found it on Facebook for $4,700.00. Took it to a dealer, a good dealership. Had a new motor put in it, new clutch, ac, rebuilt the front end, new brakes. Got it home, all new tires. 2 year unlimited warranty o all the work done. The truck I have been wanting needing for $32,000.00
Well said. I paid $55,000 for my 96'x42' shop with a 22'x16' overhead door. "Goodon Industries" out of Canada put it up for me. They have 25, 5 man crews that travel all over the U.S.A. putting them up. The reason they are so cheap is they make all their own materials themselves. They roll their own tin and build their own pressure treated poles.
@@jasonsharpbucks They don't just serve Canada. They built my shop in southern North Dakota, but the crew that built mine said Goodon builds them all over the Midwest states. If you call them, I can almost guarantee they will send the crew to your state. They have their own semis as well with the Crain for unloading the rafters and materials. They built my shop in only 3 days and framed out the door for $48,000 and then I had a door installed for $4000.
You are mis-reading the fine print. It’s not a cash price discount. It is simply saying that the price advertised includes a trade of 3k or a cash down payment of 3k to get to the price. It’s still shady but you can still negotiate a better price
More people need to stand firm like you did and not tolerate being ripped off! As long as the truck is reliable and can handle the work you do with it a new one is not worth it. I’m still running the 1998 I bought new and maintained.
Great video! I need a bigger building. I've been putting off spending so haven't started on it yet. After watching this I'm going to get started! I can fix a broken truck inside a building, but cannot fix a building inside a truck (obviously). The depreciation on a new super duty is way too rapid early on for my liking. A nice 70's f250 highboy suits Me fine locally. One day I heard Dave Ramsey say on the radio that he owns a Ford Rapture (spelled wrong) He was discussing buying nice things for cash when you can afford it vs. Buying nice things and staying broke. I think a rust free '98-03 super duty that isn't rust crusted and didn't haul a 4 horse trailer all it's life will be My next p/u buy. Now to figure out how much concrete I'll need.
Wow.......That is the best HEADLINE I have seen yet to sum up the auto market lately....... Make it go viral.......... Make these greedy car dealerships reap what they have sewn........and make them feel it hard...... The middle class is 99 % of the customer base for pickups ......... They need a lesson taught to them that will never be forgotten........
It boils down to needs and wants. I’m a true believer in dealerships being crooks. Take your time and you will find a nice truck. Great video Adam! Happy New Year to you and your family!!!
never tell the dealer beforehand that you're paying cash because the dealership makes a cut on the financing. Negotiate the out the door price and then tell em' you're paying cash.
@@cross8215Just say this. We will discuss your financing options, after I get the final out the door price. If they ask again a different way, just repeat the above, exactly again.
The problem for car buyers who want to negotiate, is the attitude of the guy in the orange sweatshirt at the 3:28 mark. That's exactly how we've got to this point of overpriced vehicles.
I bought a brand new 3/4 ton gas truck two years ago. The dealers sent me a coupon in the mail for an oil change for $89 plus tax. After they added the disposal fee, shop rags. Extortion fees blah blah blah, I was out the door for a $127. Everything they added on was not in the fine print other than the plus tax. A couple weeks later, they sent me a postcard, wanting a survey on their service. I wrote the worst comments, checked the zero satisfaction box, and have never been back since.
Not including tax on these kinds of things is simply a scam. There's literally no reason to not include tax. The dealership is in a fixed location, so their tax rate never changes. I don't understand why Americans accept this BS.
@@timderks5960 Actually in some states, Florida for example, it is explicitly stated in the law that the tax must NOT be included and Must be stated separately. There are a couple of exception. Like at a bar a bottle of beer or a drink can be $X.xx tax included.
Glad you did the correct thing. Vehicles are going to be coming down the next few months. However your vehicle value will also come down. Thank you for not bowling down to the BS. Have a Great day!
Just dumped $4K or so into my 2002 7.3L diesel Auto. Know the truck. V-blade. Ready to rock for easy 2 more years. $4K is nothing if you early think about it. Crazy sounding I know.
Early 2000s 7.3L or Duramax are the best trucks to have in my opinion. My buddy just picked up a 99 dually manual f350 crew cab Lariat with 41k original miles for $20k. 25 years old and still had a value well over 50% of its msrp. That truck today would be $100k. His will last longer with less issues and no def fluid. #winning
@ I own a 1999.5 and a 2002… The 99 hasn’t really seen salt in 10 years. Very clean for an upstate NY truck. I’ll post it on my page. I do run F700’s for my Roll-Off business. Got 3 1994’s 5.9L and 8.3L Cummins. Keep on truckin!
I purchased a 2021 Chevy 2500 Custom (gas, long bed, crew cab) new for $44,658.52 out the door in April 2021. I think it only has the custom convenience package and smoked amber LED roof lamps option, so it is not a fancy build at all. I ordered it in February 2021, it was built by GM, and I picked it up in April 2021. The same truck today (12/31/24) builds for MSRP $53,400.00 BEFORE tax/tag/title/any other dealer fees (maybe $60K out the door? Who knows?). I am planning on just keeping this one until one of us dies because a 33% increase in pricing in three years is ridiculous and puts a new truck at some point in the future as a big question mark.
I worked at Ford for 34 years making cars and trucks. In 2005 The company let slip that they make better than 8 thousand dollars per truck more if you add a bunch of bells and whistles.
good call on walking away. They count on people just sayin ‚ah well‘ and it encourages them to continue this. Principles are extremely underrated in this day and age.
Funny, reading some comments nobody mentions inflation. The simple explanation is that every dollar you have buys less. That is why prices are so "high." "Only since 2000 has the US dollar lost 92% of its value in real terms." - Egon von Greyerz
I have a late model 2002 Dodge diesel three-quarter ton D250. Was originally bought from my husband. I have no problem driving a six speed used to drive a big truck with the brownie so I could drive two sticks alone just pick up with a six speed. In the year 2002 the diesel with the six speed had the most torque that was a long time ago. Trucks are better now. But my truck only has 72,000 miles on it cause I can’t drive everything and I’m 75 years old now. But I still love my truck set up to pull fifth wheel does just fine. I will not be updating. This will be the last truck I ever own because of the cost of those things. I do make sure it’s maintained and serviced every year even though I don’t even drive 5000 miles a year now but if I have to, it’s ready to go and it looks like brand new because it’s garage does not sit out in the weather. I don’t think the best thing to fall. I don’t have to use that diff for the diesel now. And it 24 to 25 miles to the gallon around town. Pulling up 38 foot fifth wheel it gets between 12 and 13 miles to the gallon. No complaints about that. And best of all it’s paid for and it looks like it came off the showroom just about. Doesn’t have as many bells and whistles since the new ones like Bluetooth. Diesel older ones are noisy, but I know I’m coming and I know it’s my truck. Does have air conditioning and it does have power windows. And it’s an extended cab with a long bed. I did not want a crew cab because I didn’t want any more length than I was gonna have with that long bed trying to pack a trailer in the tight places so that’s why we decided to get the 2002 instead of the 2003 that was out because you couldn’t get an extended cab. It had to be a crew cab And that would be a !!! to get into tight spots. Yes, I have had it in tight spots. I used to be a truck driver, but I just like things a little easier and my old age. The new trucks are beautiful the other thing I don’t like they go to a larger tire instead of a 16 hour 18 inch just makes it that much taller. I don’t need that height. It’s bad enough my Highlander car they moved the bigger tire up for that one from 14 to 16 and I’m 5 foot tall short legs.
Good on you for walking away from that truck, I know it was probably hard to do in the moment but if we would all stop the dealer from bending us over they wouldn’t have the opportunity
The last new truck I bought was in 1993. When I came home with it I told my wife that this truck will be the last new vehicle I will buy. The reason is it cost more than the house we lived in, $18,000. Truck cost $19,000
How old was the house, that would be like a 1960s or 70s house. I think my dad's house he built in 1958 was about 15k. You're comparing to a truck 30 years later
Basic economics of supply & demand. Sell a lot for little $ or a little for lot of $. Henry Ford got rich making vehicles everyone could afford. Obviously Corporate America has lost its way.
I spent $3,500 on my 94 Chevy truck, with a little over 100,000 miles on it. No issues. My neighbors no wanted to get rid of it fast to get quick cash.
My dad bought a stripper 76 F-100 in June 76 . Wa state min wage was 2.30/hr and the truck was 4003.00 out the door. 300 inch six, three on the tree. 1/2 ton. . 1740 hours. Today , min wage is 16.66 x 1740 hours =28,988 dollars. Don't think you can get a entry level F 150 for that today.
3:33 “$3,000 that you’re going to finance anyway”…wait, so does that mean it’s not real money then?? I don’t understand that mindset at all. It’s still costing you an $3k which is real money and that much less you have to spend on something like an excavator attachment. I’m with Adam on this and would 100% walk. I don’t understand why people just give up so easily, but unfortunately so many do that sales people count on it. People making less than $200/hr acting like 4 hours of their time is more valuable than $3k is crazy.
I had a very similar experience trying to buy an F-150 at the Ford dealer in Augusta GA. Long story short, I concluded in order to get the advertised price, you pretty much have to be a one-armed, gay veteran.
That’s because we all have to pay higher insurance to cover the cost of people buying $70,000 and up trucks , SUV’s and Ev’s. It’s called team work. It’s particularly annoying when you drive a cheap sedan with a perfect driving record.
As a 42 year gm mechanic I would recommend buying locally. Any brand of truck will be in the service department more than you would like. I promise you you’ll be on a first name basis with the service department. All the technology is a major drawback. Just because engineers can do something doesn’t mean they should.
Simpler is always better. Also, usually the Engineers aren't the ones who want all the extra complications....Marketing convinces Management that its a big moneymaker. Engineers with any sense don't want the headaches that come with the complications.
A lot of them can certainly afford them, but they’re not stupid enough to buy them!! my millionaire son is driving a 2004 F250 right now because he was in an accident that totaled his new truck and he refuses to pay what they want even though he could perfectly write a check for it. In three years the prices are crazy!!
Simple solution for 80% of truck owners: Buy a car. Simple solution for most of the people who actually use a truck for work: Buy a car and a $2000 utility trailer. Vanity is keeping you broke.
Yup. I had a simple 4WD, standard cab with crank windows, simple dash, etc. It finally wore out after 16 years. I couldn't find another such truck in any dealer. I now have a CUV with an $1800 trailer from Lowe's.
I was motorcycle touring in Vietnam a couple of years ago and I passed a local farmer riding a 115cc Honda scooter. He had a trailer hitched to it and was hauling two cows. The rest of the world manages to go to work with much smaller vehicles so these huge trucks are just pure consumerist self indulgence dressed up as need.
@@beltrams Smart. I have a CX5 with a 66" x 126" galvanized trailer with ramps and low sides. I hauls UTVs, ATVs, lawn tractors, construction materials, tools, brush, and everything else.
You also need to remember that when paying at a retailer anything over $10,000 there is a form that needs to be filled out. The government wants to know why anyone would have $10,000 available to buy anything, they have worked very hard to tax us to the hilt so we don't have cash.😅
I have a 97' Chevy K2500, with the 454, that I got 5 years ago for $600, plus $120 in fees. It needed some work, and gets 6mpg, but I can leave it sitting for two months, turn the key, and it fires right up.
My 2015 F-350 XL 6.2 gas is the best truck I’ve ever owned. I own a small business and it just never quits. I tow 10-15,000# regularly with it. Dump trailers, excavators, skid steers. 300,000 miles and it doesn’t use oil. No leaks, original transmission. I had the 6.0 Power stroke, Cummins before this and the diesels were not as reliable. I think I’m getting a crate engine from Ford when it goes. I know nothing I buy new will be as good.
Congratulations on standing up to your believes. Many moons ago I did about the same thing with a twist. The salesperson said " just sign here" and we will work it out. Wrong thing to say. Got up and walked out. Sales person and his boss after me to try and get me back. After a few choice words I drove off in my old pick-up with my son. He was shocked at what I had done and said. All vehicles today are way beyond the price of the average person. Keep it up.
Been trying to buy a truck without getting ripped off for over 3 years. My main problem is that there are no work trucks, only 4-door “pimp trucks” loaded out with every stinking option. Well, that and how they keep trying to drive up the price at negotiation. I’ll just keep driving my ‘99 2500 with 250k miles.
my old chevy ran mint. body rusted in Maine.. cant drive on road. bought a 2019 f150 xlt v8 sport 29k.. 84k miles 11.7% truck prob only worth 25 and wish i got it for 7% ill try and re finance in a year
Pretty obvious it’s all vanity, admits he’s not regularly towing & was super into the high trim package. People like him are why trucks are so expensive, he could flip that one he’s got buy an old ranger or s10 AND a decent economy sedan or EV for his family AND have enough money saved from not feeding a 7 liter monstrosity on the daily to rent somebody else’s problematic diesel many times a year should he really need it.
Middle class people shouldn't be buying ANY brand new vehicles, unless they are net worth millionaires. New trucks are a depreciating asset, so on top of being absurdly marked up, they lose value for their owners at a staggering rate. If I told you about a way you could spend 6 or 7 years turning $100,000 into $35,000, would you "invest" in that idea? Of course not! Vehicles are an expense; nothing more and nothing less. Short of leasing, buying a brand new truck is the most expensive way of meeting your goals. Most folks today won't listen to this...and that's why most folks are broke. This is part of why the middle class is dying in the US.
I am in nearly the exact same boat as you. Bought the F150 about 5 years back, 5.0L gas, very potent engine, and was twice the truck I needed at the time, since then my needs have increased and I'm now towing a 9,000 lb trailer quite regularly, and while that's comfortably within my trucks towing range (11,000 lb capacity), it does accelerate wear and tear pulling that much weight on an almost weekly basis on a half ton chassis. So over the last year I have periodically looked for a 3/4 or 1 ton to replace it, but we're not talking a 30% increase in cost over my current truck, we're talking a 100% to 150% increase in cost, given that we're going from a half ton to a 3/4 or 1 ton, PLUS the insane price change over the last 5 years. I also owe nothing on this truck, and while I probably break something expensive on it every year and have to spend $1k to $3k to fix it, that is a far cry from the $13,000 to $20,000 I'd spend yearly on a new truck. It's also worth noting that new does NOT mean it won't need any work, I've owned enough new stuff to know manufacturers find ways to weasel out of warranty work all the time, and on top of that the main benefit of a new truck that doesn't break down now and again is that I won't have as much down time where it's not working, BUT if the new truck still breaks down, then where am I saving on my time?
If i had 70K the dumbest thing I could do is spend it on a vehicle.
Unless that vehicle made you 70K.
I would rather buy a 70K truck that'll make me money and keep my safer than a 70K sports car.
Probably because you have a lot of debt.
Invest $ 70k in real-estate . When the market crashed in 2008 - 2015 years, you could actually by a good home in great area . The Chrysler and GM, actually made huge profits during Covid , also got bailed out , then turn around and gouge prices .👍. Thanks they are just great companies .
As soon as you drive it off the lot, it's worth 60k
They wouldn't give you what you paid for it. So what's it really worth?
@@frankwrogg2515
Put 30% of my pay into my 401k from age 21 until I retired at age 53. ( 6 years ago ). I can well afford it.
Don't be jealous.
They are not trucks anymore.
They are a truck-shaped pile of fragile and cheap sensors sitting on weak alloys, plastic and diabolical design flaws.
I agree who wants all the extra crap and sensors. Give me the old 1995 truck back with a few little upgrades, like a nice radio with bluetooth.
Driven for the most part by people shaped animals.
@@MrHarryhere69 that is why I still drive my 2001 Ram Diesel without even a cat on it. I can do most the work on it. Problem today is like you say the sensors and the mechanics that are young, if it doesn't give them a code they don't know what to do. I don't know anyone that has a newer truck that hasn't had some issue with it.
Multi decade Ford Parts Manager here. You’re not wrong. There is a reason Ford and others are getting their asses handed to them in warranty expense. These new rigs are GARBAGE.
Perfect description.
I’m sticking with my 20 year old truck. My first house cost $68K. It’s just plain stupid how much vehicles cost now.
Yup. My 05 Duramax is a little rough to look at, but its mine and I can actually fix it if it breaks.Which it doesn't, knock on wood. The software issues on these newer vehicles are insane. Trucks fine one day, $70,000 paperweight the next. No thanks
@@simplelifewithrobertpusate294 My newest work truck is a 2003 F150, then a 98’ Gmc, a 94’ Chevy K 1500 and last of all a 1988 Ford E350. They they are all plated, insured and on the road daily in my construction business
Yep. My 2004 Dodge Dakota SXT crew cab looks and runs great. 116K miles. No rust, no payments for the last 16 years. And insurance is $300 a year.
Agree even though I did just buy a used Diesel F250, I just t paid 2.5K to have my 20 year old F150 timing chain etc changed with the logic it could run for another 50k miles as it doesnt burn oil and everything still works on it. I am giving the F150 to my son.
I have a truck that is 20 years old and not trading
Bring back the basic work truck. Manual transmission and lever actuated transfer case 4x4, rubber mats and roll up windows are fine too
AMEN!!!!!!!!!!!!!
Don’t forget the window wing.
1990-1999 after that its junk
And STOP ALL THE STUPID BEEPING
DAMN RIGHT! If you want a luxury car buy one and keep your desires the f*k off my F-250 and/or Silverado!
Trucks are a STATUS SYMBOL now, and that's the big problem.
I remember when a truck cost less than a 4-door Chevy sedan.
Listen to these guys, "if I buy an old truck I might need to work on it" 😂. Enjoy being broke....
Exactly. It's to show everyone their ego, arrogance, phony tuff attitude and cockyness. It's all attitude bro!!!
@@bmw803 The Attitude Era was the best one in wrestling history
A very big & expensive problem....
If you need it for pulling, plowing, and working, how is it a status symbol?
Trucks have been turned into 4 door, 4wd luxury vehicles that are not affordable as a work truck.
Have you priced a work truck trim from RAM, Ford, or GM lately? You are looking at mid $40s. That is more than I paid for my first house.
Priced a 4x4 long bed drw gas from big 3. After ttl and financing they're 65+ for a rubber floor vinyl seat work truck.
Yep, shouldn't be nothing behind the front seat but a pickup bed. They're commercial vehicles made for work, not something to take the kids to the mall with.
They've had 4 door trucks since the 1960s. Cheaper trucks are available but now days people want to go to the jobsite in style I guess. 💅🤷🏻♂️
They make them for women anymore
100% accurate. This is why the lots are overflowing. I've walked away over a lot less than $3k. Good for you!
I don't own a car I bicycle commute how ever I would buy a Honda Ruckus or a Honda Grom because I hate interstates
You know sales are up from last year? That surprised me,
@scaramouche8244 I didn't know that. I've just been hearing the lots are overflowing. I have a friend who owns a Ford dealership, she said they have more inventory than ever before.
@@tinbeater36 Ford reports a 0.7% increase in US sales in 3rd quarter due to strong demand for trucks. Ford Motor Co. reported on Wednesday that U.S. new vehicle sales were relatively flat in the third quarter compared with the same three-month period last year, rising 0.7% to 504,039 vehicles.Oct 2, 2024
I guess are slowing
I walked out of the dealership for $300, and I had drove 150 mi to look at a used truck. I walked out, got in my vehicle and was backing out of the parking spot when the owner of the stealership came running out the door wanting to talk. I did end up buying the truck
Mate, keep your truck.
Buy a 20 year old Toyota Camry. They have 4 doors.
I completely agree about keeping the truck but Have you seen the prices for dependable old rice bangers these days?
@@georgerafa5041 A lot less than a 70k truck just so it can have 2 extra full doors.
He's a pickup truck owner, no matter what you say he's not gonna ever drive anything smaller than an suv. Pickup truck brain is real
I still see a fair amount of MK4 Jetta TDI going down the freeway. Seems like those never die.
@TheScrubmuffin69 Most pickup owners buy them to display their arrogant, macho and cocky attitudes. They're the phony tuff with a big ego. STOOPID !!!!!!!
As the brother of an accountant (it's in the blood!), I did the same thing recently on a used 2019 Toyota RAV4 I was looking at paying cash for for my daughter. Local Honda dealer advertised it at a low ball price and then when it came time to do paperwork they jacked the price up $1500 for the same reason, PLUS several other bogus add-on fees. I got pissed and basically told them hell NO and what I thought about them on top of that! Couldn't hold back. So sick of car dealers and their shenanigans. Never again. Ended up buying a good used Toyota 4Runner from an individual for WAY less than most dealers were asking for the same year model! No bogus fees and no BS! Dave Ramsey FPU graduate here. 😂
I live in an upscale community and every house has a new pickup parked in their driveway, sometimes two. It is like they are all competing with each other for the most expensive truck
And 99% of the time those trucks are hauling around nothing but air.
@@mowcowbellexactly, high-end rims, never leave the pavement, never haul anything...
My Neighbors Heve 3 Big Azz Trucks ,3 SUV's a Newer T Bird AND a Few Older Vehicles , Just for the Two of Them
@roberts.3712 meanwhile Jeff Bezos kept driving is 1997 Honda for YEARS after he became a multi billionaire. Goes to show the difference between mindsets.
@@davidmontgomery5047 So what's the problem?
Re: Financial institutions
In the 1930's Henry Ford publicly stated that if the general public ever found out how American banks operate, there would be rioting and upheaval in the streets.
He was also an excellent author.
@lailer1975 he also said he would give cars away if he could control ALL the parts. Meaning no 2nd hand brands.
He wanted people's money just as much as the next millionaire.
Weird how the greedy get even more greedy when they get more and more money.
Thankfully I have not used an actual bank since child support took my accounts in 2001!!! I am not wealthy by any stretch, BUT I still afford the things I want without a bank at all in my life!!!
@@jeanvaljohn3921 Banks are no big secret. They use our money to make money. Invest your extra money and keep smaller amounts in the bank. I don’t keep much at home but enough in case I need some. Have a good friend who kept his dough in a small safe that looked like a can of hair spray or something like that. Had about 8k in it. Wife accidentally threw it away while cleaning out some things. To the landfill it went. That money in a S&P500 index fund from 2016 to 2024 would’ve turned into 15k…I’m shooting from the hip on that. But it would’ve grown significantly. But he doesn’t trust that stuff.
The book “The Creature From Jekyll Island” explains all that.
This is a pet peeve of mine.
I'm 71 and I have never bought a brand-new truck. Nor have I financed through a dealership. They charge you more for the total price and then charge you interest.
I worked with guys that got a brand-new truck every 3 years. They never got one paid off. I'd rather buy an excavator, which I did in cash.
Happy new year everyone.
Yup, got my excavator paid off last year too.
yes I want to get one as well, I think I will if I can practice at my in laws
I tried to explain those facts to my ex wife. I also tried to explain to her that going into massive debt is basically selling your future self into slavery.
@@The1stDukeDroklar Slavery would mean you were getting nothing out of it and simply working to benefit someone else by force without you getting a choice. But in this case you will have chosen to take out a loan for a machine that will only benefit you. Not really slavery in any way mate.
Financed through dealers(well manufacturers) the last 3 cars i bought. 1.9% and zero percent for the other 2, all 3 for 60 months. Use their money instead of mine for 5 years. Having good credit does pay.
Part of the problem is endless consumption. People keep trading up vehicles every 3-5 years and manufacturers noticed. I drove my last truck (F-150) for 17 years. I intend to drive my current truck for 15-20 years. If people would stop buying these things every time a new gimmick comes out then prices will naturally fall.
@@the308capital if you dig in to those reasons that caused people to trade like that, you will find that at least 75 to 80 % of those people that traded their car in after only 3 years or so, had a problem out of warranty, had a problem the dealer just would not fix and worked the customer into a new car, or they traded up getting longer loan to lower their car payment or at least that's what they went there to do........
People are in bad shape right now.....Car dealers have caused alot of damage to people......
Ultimately, it's up to the person. There is really no excuse for getting your azzz handed to you by a car salesman or car salewoman...some of them are just flat out demons..... with boobs...
The answer to any question a person could have about a car, buying a car, selling a car is on the internet or youtube......someone has made the right video for every person.....any question........
But, it is also the dealership......They sell the 2nd most expensive thing the average person will buy in one's life...and they should be held to standard and held accountable just like a real estate agent..........
The auto industry needs to be put in check hard....by the people......
The people need to put them in check.....because the auto industry broke the people trust and took advantage of their wants and needs......and desires........in the worst possible time in history 2nd only to the great depression...........
That deserves to be handled by the people......hard....
2011 chev silverado still got 4 or 5 years left in her. v8 4wd extended cab. sticker was 29 k. My income has not doubled like these prices.
So, you want everyone else to stop buying trucks so that you can afford to buy one?
Yeah, I’m sure they’ll get right on that.🙄
@@DoyleShadduck That's not what the OP said! High amounts of household debt on depreciating goods are a drag on the economy and cause EVERYONE pain! It also transfers (voluntarily) even more wealth to the rich. By going into debt and living above our means we unwittingly raise the value of huge corporations and banks, thereby increasing the wealth gap. This ever so slightly lowers the quality of life year by year for the middle class. In other words, YOU living above your means is ruining other people's lives!
@@mattdillon4398 Thank you. Some people just can't grasp that maybe they are a part of the problem.
I bought my LAST new truck in 1993. I'd never pay today's pricing.
Why would you get a new truck. And make sure you get a single cab with an 8 foot bed that’s lifted so you can’t park it anywhere or driving in the snow with your 14 kids in your your girlfriend who you don’t have and your dog and your ass dog and everybody’s dog just go take your neighbors dog too throw them back, but put it in the cab. And then go drive in the snow with a bunch of things that go bang them 15 car seat we put the car seats on the bed with the dogs.
@@SSGTCsome people actually put them to work
The banks ask these questions not because they're worried for you but because they've been made unpaid agents of the IRS.
I just purchased a near mint no rust, 2006 f350 with less than 100k on it. Spent 5K to fix it to become almost brand new. Put a used fisher plow on it. Now I have a perfect 1 Ton pick up truck for less than $15K. I don’t like newer trucks with spyware, engine and 10 speed transmission issues.
Spyware…. You got that right.
Good job
10 speed?
@@jamesl3567yeah the 10 speeds have a huge issue of going out mainly due to the torque converters have a 2019 Escalade with 70k miles already had transmission replaced and a I own a 2018 king ranch f150 that had transmission go out at 120k miles all under extended warranty’s thank god but they both started the same way torque converter shutter at cruising speed but by time you feel that it’s basically to late you smoked the transmission. GM makes the 10 speed transmission and torque converters for both for ford and Chevy and they are not doing amazingly as far as longevity .:.
And at 6-10k to have replaced out of warranty not a good thing for the new trucks
The funny part is many Americans keep buying them and paying that price with 1000 dollar a month truck payments. SMH
Well, not funny. More tragic!
Idiots
A lot of them I know are proud of that fact. Can't fix stupid.
@chrisramsey3603
They are proud of the fact..Merica! 😝
@@ryanfarmer5155 idiots
The prices on trucks are obnoxious. You simply cannot buy a basic truck these days. I went to a dealer and told them I don’t want all of the bells and whistles and worthless trim packages and accessories they install. All I want is a simple basic work truck that is reliable and cost effective. The dealerships looked at me like I was some kind of nut case. Told me I couldn’t buy a truck like that. Very aggravating.
These trucks do exist. I bought a new truck a few weeks ago. I did not go with a Chevy Silverado 1500 WT (work truck). It's got a few of the "bells and whistles" that literally every new vehicle comes with, but it's about as basic as you can get in 2024/2025. Vinyl seats. The smallest touch screen radio you can imagine.
Cash Price? $45,000.
Because you were cutting into his commission! LOL!!
Is it 4 wheel drive@@duggerray
Same here chevy WT, vinyl floors, etc. $40,000. Bought in Nov.
Get a 60s or seventies F series. Super cheap, put whatever engine you want in it.
I hate dealing with car dealers…
People who don’t walk out and submit to these inflated prices and scams are why we are in this mess. Respect dude, for being a man and standing your ground
Poor guys used to drive around in a truck with a ladder, looking for work .. now, kids cant afford trucks, now things aren't getting fixed... Now, it costs a fortune to get a roof put on... Everything is tied together
I am a 73 year old building contractor. I spent my life working out of $500-1,000 trucks. Fed my family, lived in a paid for house, had boats, travel trailers and an airplane. I also mostly paid in cash and still do. I wrote large checks for building materials and most other large purchases, but keep in mind checks are basically cash Not credit (you have to have the money in the bank to back the check!).
@@highwatercircutrider sorry I didn't mean to offend you, I drive old trucks too, I am not trying to judge what people have and don't have in life, I am just noticing less and less kids playing Mr. Fix it and or trying to handle bigger projects, with prices as high on trucks as they have been and with them getting harder to fix, what I am noticing, I don't see kids playing(starting off with a ladder and a truck) as much as the past generation did, I don't blame the kids, times are different, some are still doing it.
@ no offense, thanks for your reply! Yes, youngsters are being priced and regulated out of self employment in general…..sad
Digital currencies self custody in your own cold wallet will allow you to avoid the banks all together👍🏾
@movingman07 at the end of the day, the government will outlaw or hijack any instrument that significantly challenges the dollar.
At least this dealer had it "in the fine print" - some dealers just say "things change". Walking away was absolutely the right move just on principle alone.
Here in Canada i wanted to pay cash for a diesel truck and the dealer wanted nothing to do with a cash sale, they get kick backs from the banks for financing and wanted to charge an extra 4 grand if i did cash. I also walked out, purchased an older truck from a private seller and never looked back.
Could have taken the finance and then paid it off in full next day.
Yep, financing has ruined the car industry, the dealer wants to make money on the car itself and the financing and they get a piece of the extended warrantee money and they get a piece of the insurance money if they can sell you a policy as well. It's insane up-selling on a greed frenzy scale.
Fuck that.
Good for you!
Truth!! Our friend owns a car dealership and when we buy cars from him as a favor to him we finance him and then we pay three payments. His dealership gets full credit for the finance and then I just pay it off. He actually gives me money off the car to finance it. They’re not selling cars they’re selling credit.
I am in the exact same boat that you are in right now. I’m looking for a 3/4 ton Chevy truck. Anything under $40,000 has 150,000 miles on it. Truck prices are insane! Anything decent is 55+.
I saw a video where some new trucks were over $100,000.00!
That is absolutely ridiculous!!
most are over $60k my gravel bike cost $700 and is faster around town
Some are 130k
Nice to see you two collaborate again. According to DOT statistics, over 78% of pickups do not carry anything in the cargo bay (bed) in the course of their first owner or within the first 5 years of operation. Most people buy a truck for image or status which have made them more expensive and out reach for people that need them for their intended use, work.
I worked with a guy that lived in a condo, worked in an office all day, and did not do projects or sports. He drove a F-150 CrewCab w/6.5 bed. His HOA gave him issues because it was too long for his driveway and stuck out over the sidewalk. I asked why he needed a truck, answer was "they look cool". Doesn't make sense to me.
That's my bother in law, it's all for show.
Something is not adding up here. No dealer wants cash. They make money by financing. I agree with you though, always be ready to walk away. I don’t want to give these crummy shady dealers my business.
I walked on a dealer who wouldn't talk cash.
This is the first I'm seeing of your channel, but I'm subscribing for the most sane opinions I've seen on youtube lately. Lots of my friends have been buying new vehicles lately and have called me crazy for preferring to pay cash for a used truck. I'm proud to have stayed away from dealerships for this long and I don't plan on stopping by anytime soon.
We ran into this too. They up-played their lightly used trucks still claiming low inventory high demand yada-yada. And when we discussed our trade-in truck (6 yrs old) they downplayed its value saying there is low demand. LOL. We got up and walked out. We've had it with dealerships. Just sell us a truck for a reasonable price, and give us a reasonable value for our trade-in. That's all we're asking. Dealerships need to stop trying to screw people over
Twenty years ago, my partner and I visited a dealership to buy a used car. We took the car for two test drives. Then, we had it checked out by an independent mechanic. We decided to buy the car and negitiated a satisfactory price. But, when we sat down with the salesman to fill out the paperwork, suddenly, an extra charge called "Administration Fee" was added to the mix. When I pointed out that we had been in contact with the salesman 11 times over 4 days and that "Fee" had never been mentioned. No where in the sales ad or in the dealership were signs or notes to inform the customer about this "Fee". The sales person responded that it was my fault that I did not know about this surcharge. 'Everyone knows about this', he said. I said it was 'deception by omission' and walked away from the dealership. Then, I told quite a few people about that company's business practices.
Over the decades, I have purchased quite a few vehicles. Most of the purchases have been directly from the vehicle owners.
In Georgia, they are not allowed to add dealer or admin fees.
The truck I wanted was a 4 door, diesel, 8’ bed, used. I was laughed at at so many dealerships, you won’t ever find one they told me! Well someone took my money, I’ve had the truck for 10 years, can’t afford now to replace it!
Adam, from an accounting standpoint you can appreciate this…we saw the opposite situation where it was more expensive to PAY CASH! I was flabbergasted. I was ready to walk on the deal but the finance lady explained that they get a kickback from the lender so they are able to sell cheaper when someone finances. When paying cash they have to charge more.
She was very helpful in giving us the third option to get the best price which we took, and that’s to finance it but pay it off before any interest charges started. When doing so one has to make sure it’s the right type of loan. She was a stand up lady.
Only issue with this is the title will show a Leon holder and you have to track the Leon release along with the title until you let the vehicle go
I will never forget looking at the title for the first vehicle I ever bought outright and seeing the title marked no lein holder
@ where I live the lienholder must release the lien within a short timeframe and a new title gets sent to the owner. I assume there must me similar provisions in all states. Never had an issue in the past with this. There’s no longer a reference to a lien because it has been satisfied. In our case we paid it off so fast that it actually took longer than otherwise would have because they had to file the lien then release it with a few months and send a clear title. The end result was saving a few thou$ and waiting a few extra weeks on the title. Title is clear though, no lien mentioned. Now if it was an individual who holds the lien then you could have more challenges but with a reputable lending organization they are good about it.
I hate to say it, but I'm fairly certain that is illegal. I'm pretty sure it's an FTC rule.
If he's an accountant, he knows banks seeing a higher residual will effectively pay a dealer more to have a customer financed. That's one example. A dumb move by a bank isn't a "kickback". Banks are regulated more than car dealers, whose lending practices got a pass under Dodd-Frank. Captive finance companies include Ford and GM. Their sub-prime practices are legendary.
15 years ago I bought a 1999 crewcab Powerstroke with 195k on the clock for $9700. It's got 245k on it now and my wife wants me to get a newer truck. My truck is in excellent condition, has no emissions and will pull anything I need too pull. Why get rid of it?
Dude your f150 is fine. Keep using it.
Car prices have been crazy for the last 4 yeara
Yeah. Not the time to put dumb money into a truck. 55k in the market last year turns into 80k. In. One. Year. Invest
I bought my 2015 F350 almost 5 years ago. One year later the same truck with the the same package nearly the same mileage cost 13.000$ more. Thats crazy and today its nearly the same.
I got a 2020 ram 2500 brand new for like $41k and I thought that was expensive. The same truck but one trim level more basic had an extra $7k on the sticker in 2022. And that was before dealer add-ons
You said it, when you "finance something it's just a number"; that's precisely why you pay cash. You need to "feel" it. Financing is also why they can drive prices up. Same as Health insurance and health care.
Interesting thought, i never thought of it like it was that financing makes it easier to drive the price up to make it affordable. If that is what you mean? :). I myself look at it from a buy and own it perspective like you describe but more that the car needs to be payed and i do not see another option, a truck is worth 100k and maby 170k but then i really stretch it since the insurance etc also go way up. Thx
@@cisco5400 It really isn't. The reason why everything is so expensive these days is that we all got used to "luxury" features VERY fast. Ask yourself: Would you buy a new truck that has a window crank, only a basic radio, basic temperature control, and no luxury features? I mean, I would answer that question with yes, but I'm not sure I'd actually like what I bought afterwards. We (and by that I mainly mean Americans who always seem to drive the very latest model, since financing is so popular over there) have gotten so used to power windows, a luxury entertainment system, electrically adjustable seats and steering wheel, fancy headlights, seat/steering wheel heating, you name it. Those things all cost money. Compare a basic 1990 truck to a basic 2025 model, the difference in features is insane. Do we need those luxuries? Absolutely not. Do we want them? Apparently we want them so badly that we're willing to pay a small fortune for it.
Glad you walked away. There is always another truck.
You take a loan out to pay for your health insurance? Never heard of that before. Which really means, your analogy is poor.
The reason health insurance premiums are so high is because youre paying for 1) the uninsured and illegals (ie, obamacare, EMTALA), 2) inflation (also caused by govt), 3) trial lawyers, 4) everyone needs healthcare, like food, 5) lack of transparency and competition in healthcare.
That’s the problem with today’s society, they think they can “afford it”. If you can’t pay cash for something you can’t afford it plain and simple
get a loan from your bank or credit union then when you go to the dealer you get there "cash" price
they have no CASH price anymore
they want (need ) to screw you on the financing toooo
Cash price is more now days unfortunately
@@gp40mc negotiate a bottom line price before saying how you will pay for it. when they send you to financing bust out the checkbook
Unfortunately that cash prices isn't much, if any better.
And this is why I just spent money on fixing the rust on my 15 year old vehicle. It is lower miles since I (nor the people I bought it from 6 years ago) drive all the much, it does not have a lot of the bells and whistles that newer trucks do that can break, and it just plain works for my needs; PLUS it is paid for and cheap to insure.
Refreshing to hear from Truck guys with good financial knowledge. I’m Computer nerd wanting to buy a Tacoma or Colorado for over decade now and I just can’t justify spending 45k-50k truck. Frustrating.
Good that you walked away! I just bought a 2022 truck at Enterprise Car Sales. What I liked is the price is the price no haggling! They only make 6 to 7% and were the lowest price in the used truck market. Give them a look. Best of luck!
Most people who have pickup trucks don't actually need one. I hardly ever see anything being carried and even then it's nearly always a legit work truck. Though some tow the larger range of camp trailers.
A friend of mine bought a pickup from a car rental company just like you. After starting to get ready for a camping trip he discovered that it was only a light duty model and wasn't rated for his trailer. Anyone can find out the factory specs using the individual VIN. Engine, suspension, drive train, and even frame thickness vary by capacity ratings.
I bought a 2005 RAM with the 5.9 Cummins and paid 20k. It was an excellent rust-free example but I still felt quite a bit of regret initially. The longer this insanity goes on the better I feel about my decision. I can work on it because its pretty low tech and I don't have a $1000 payment.
The prices of new trucks are insane, but someone is buying them. I hear the same: everyone is going bust, people are out of money and credit, yet they keep buying. I see that sales increased this Christmas season compared to last year. I wonder what the truth is.
Yes, so get ready to buy their repo'd truck in 2025.
Things continue until they can’t. We are in for a reckoning and it’ll come fast.
I have trouble believing that vehicles are actually selling. If they are selling maybe it’s the commercial/government fleets that are inflating the numbers but I don’t hardly see any new vehicles on the road where I’m at. There’s like 2 new Toyotas I’ve seen in peoples driveways but no ford ram or Chevy trucks really. The Chevy/ram dealer by me is stacked full of trucks they can’t get rid of all of which are $70-100k on the sticker. And like 1/3 have custom beds making them well over $100k. They have so many that they filled in the grass field between the Chevy and ram properties with trucks. There’s gotta be at least 300 trucks parked on the grass there. I’m not sure if they are trying to stock up and avoid the next “manufacturing shortage” or if they just can’t sell many. And then the Volvo dealer also a similar scene. They got cars galore stacked up at their warehouse, and down the road the semi dealer looks like they might have to start moving their fence further away from the building and get another row started if another load of trucks pulls in.
I think out of the few people I talk to I can only think of 1 person that got a new car with in the last 6 months.
@@InLineDiesel6 you can completely refurbish an older truck for HALF what you’d spend on a new one and STILL have a better truck!
Correction. Ppl WERE buying them. New car numbers are horrible, check local dealers “days on the lot” numbers. You will find many at 180 days and more. Record number of dealers closing, record number of repossessions and record number for current loans in delinquency. The car market is heading towards 2007-2009 all over again.
The manufacturers and stealerships have no one to blame but themselves.
I bought a 99 7.3 ext cab long bed powerstroke with 126000 miles last June for $16,500 best thing I ever done for my business, I'll take the break downs on it, just replaced the transmission, but still cheaper then buying newer vehicles, the prices are insane, you did awesome by walking away.
We (North America 🇺🇸🇨🇦) have a PLANNED auto market. We are on the road [sic] to Cuba levels of market dysfunction where you’ll keep that 7.3 running and the globalists will legislate it and all others out of existence.
Rich people problems. My 14 frontier with 140k on it does just fine.
14 is new....my newest vehicle is 2004...all paid for though.
2006 Ram 1500. 315k miles. Engine has blow by and transmission just started acting up. About to pull it out next month and put a reman in and rebuild the transmission.
It was a huge decision for us to trade in our truck that we owned for 17 years, a 2005 F350 on a lightly used 2020 F350 with the 7.3 Godzilla. We went from having no car payment for a number of years, to having a truck payment that was bigger than our mortgage payment before we had paid our house off. We're working aggressively to pay the truck off - because like you - we hate payments. You're right - it's nearly impossible for anyone to actually pay the cash price for these trucks today. Henry Ford's dream was that every household of working individuals would be able to afford an automobile. He probably never would have imagined a day where a household can ONLY afford a vehicle by paying on them over 6-7 years, at a price more than their entire income for a year.
Applying Henry Ford’s vision to today is laughable. Families had 1 car for decades. Or *work* truck and 1 car for decades. These are first-world problems you’ve created for yourself. Not some societal flaw.
It all goes back or comes back to inflation. Worthless money.
@@henrymorgan3982 And the complexity of today's vehicles. All the gizmos and gadgets are nice - but expensive.
@@henrymorgan3982 Manufacturers raise their price by 4% every year if nothing causes them to raise it more. It helps the dealers to sell old inventory without discounting it more. Do that for 10 years and the 4% each year is 50%. Think about what it is after 20 years, 30 years, etc. That is capitalism at work
Sucker…
Buying new trucks is a sucker's game.
Been driving the same Duramax for 20 years come February. When something breaks, it gets fixed.
Happy New Year to you and yours. 🙏🏼
I did have some buyers remorse because I spent more on my truck than I did my first house, but after almost 2 years of ownership….. I love my 2023 F150 Limited 😊
4:59 The reason trucks are so expensive is we want a family car with all the bells and whistles. NOT A TRUCK!!!!! We as consumers have caused this if you stop buying the manufacturer will make changes. But we have to stop the insanity.
Yes, but the manufacturers are also spending billions in marketing to convince everyone that a truck or truck based SUV is needed for safety. And the reason everyone needs a truck for safety is because the manufacturers stopped making good cars, and pushed large trucks on everyone. So if you happen to be in a car, your safety is at risk from all the massive trucks on the road.
Oh, and trucks and SUVs have far more margin than cars.
At 5:30 he describes needing a minivan, wagon or crossover, not a truck. Why not keep your old truck running and buy a second practical family car? Probably cheaper to insure and run two normal vehicles than one enormous luxury truck anyway. It’s not like you can drive all your kids and dogs around in both vehicles at the same time.
You're missing some key points mostly how the cost of things are higher than they should be.
Why is it I can get the same truck in Mexico for far less?
the problem with that is they really have stopped making 4 door mid size sedans. everything is a crossover now. i dont think ford even makes a sedan now. gm has the malibu. bmw ,audi and benz make some great 4 door sedans to look at. but they are complete money pits after the warranty is up. nissan is a joke with the cvt trasmissions, honda has the accord, which is nice but has some issues. and you have toyota, they have the camry which is the go to mid size sedan.and even toyotas reliablity has taken a hit the more tech they put in the vehcles.
CUV/SUV let's the EPA mpg creep down 4-5, saving OEMs over the cost of that sedan. There's a reason they cut your legroom off. My minivan was like a pickup, but stuff stayed dry.
The prices are ridiculous. It crossed my mind to sell my newer truck and buy an older one and eliminate a payment. Just minimize what I'm paying for now, so later I could possibly retire earlier.
Dave Ramsey's moto, "work like no one else, so you have to work like no one else." I think that's how it goes. Lol.
Good topic!
@@tomkeltescheverythingoutdo2379 But even these old trucks with close to 200K are still selling for 20K. And we're talking about a 20 year old truck that will need about another 5-10K in repairs. Not to mention the luxury features and twice as much power and towing capacity in these newer trucks.
Some of these new f150s can pull more than these old f250s. Yes. I've seen it.
I did just that. I sold my expensive Cummins diesel and bought an older 2003 Chevy 2500hd 6.0L and used that money to pay down my mortgage. I did it 8 years ago and don't regret it.
@MyLifeThai371 that's awesome!
I wouldn't even think about spending 70 or 80 or $90,000.00 on a truck but as a rancher I need a truck. I found a 2009 F-350 Super Duty FX4 in good body and interior shape. Flatbed, ranch hand front bumper, running boards. Found it on Facebook for $4,700.00. Took it to a dealer, a good dealership. Had a new motor put in it, new clutch, ac, rebuilt the front end, new brakes. Got it home, all new tires. 2 year unlimited warranty o all the work done. The truck I have been wanting needing for $32,000.00
Happy New Year to you guys and your family. You made the right choice Adam. All the truck manufacturers are in trouble..
Well said. I paid $55,000 for my 96'x42' shop with a 22'x16' overhead door. "Goodon Industries" out of Canada put it up for me. They have 25, 5 man crews that travel all over the U.S.A. putting them up. The reason they are so cheap is they make all their own materials themselves. They roll their own tin and build their own pressure treated poles.
interesting looking them up thanks
according to their website they only serve Canada, where are you at, was this recent?
When was this? Was that American dollars? They quoted me $83,400cad for a 42’x60’x16’6”. Only a year or two ago.
@@McLovinBoo8ies 2014. U.S.A.. dollars. My shop has 18'8" sidewalls.
@@jasonsharpbucks They don't just serve Canada. They built my shop in southern North Dakota, but the crew that built mine said Goodon builds them all over the Midwest states. If you call them, I can almost guarantee they will send the crew to your state. They have their own semis as well with the Crain for unloading the rafters and materials. They built my shop in only 3 days and framed out the door for $48,000 and then I had a door installed for $4000.
You are mis-reading the fine print. It’s not a cash price discount. It is simply saying that the price advertised includes a trade of 3k or a cash down payment of 3k to get to the price. It’s still shady but you can still negotiate a better price
I've seen that before at a local Chevy dealership. This honestly makes more sense. Normally dealerships give a discount if you finance through them.
More people need to stand firm like you did and not tolerate being ripped off! As long as the truck is reliable and can handle the work you do with it a new one is not worth it. I’m still running the 1998 I bought new and maintained.
Great video!
I need a bigger building.
I've been putting off spending so haven't started on it yet.
After watching this I'm going to get started!
I can fix a broken truck inside a building, but cannot fix a building inside a truck (obviously).
The depreciation on a new super duty is way too rapid early on for my liking.
A nice 70's f250 highboy suits Me fine locally.
One day I heard Dave Ramsey say on the radio that he owns a Ford Rapture (spelled wrong)
He was discussing buying nice things for cash when you can afford it vs. Buying nice things and staying broke.
I think a rust free '98-03 super duty that isn't rust crusted and didn't haul a 4 horse trailer all it's life will be My next p/u buy.
Now to figure out how much concrete I'll need.
Wise choice!
Wow.......That is the best HEADLINE I have seen yet to sum up the auto market lately.......
Make it go viral..........
Make these greedy car dealerships reap what they have sewn........and make them feel it hard......
The middle class is 99 % of the customer base for pickups .........
They need a lesson taught to them that will never be forgotten........
It boils down to needs and wants. I’m a true believer in dealerships being crooks. Take your time and you will find a nice truck. Great video Adam! Happy New Year to you and your family!!!
most people only drive around town their not worth it for that
That’s why the car companies are in financial trouble.
never tell the dealer beforehand that you're paying cash because the dealership makes a cut on the financing. Negotiate the out the door price and then tell em' you're paying cash.
@@ThePrevo02 And what if they ask you up front if you're paying with cash or financing
They'd just dump the deal then wouldn't they? The only skin they'd have in it by that point was the time.
Buy it with financing provided there is no penalty for early payment and 30 days later pay it off. Free loan.
@@nickdeagle3271 absolutely this. Provided you have the credit and you don’t mind an inquiry and some points reduced.
@@cross8215Just say this. We will discuss your financing options, after I get the final out the door price.
If they ask again a different way, just repeat the above, exactly again.
The problem for car buyers who want to negotiate, is the attitude of the guy in the orange sweatshirt at the 3:28 mark. That's exactly how we've got to this point of overpriced vehicles.
It seems like your current F-150 is doing everything you need it to. I would buy an extended warranty and call it good.
I bought a brand new 3/4 ton gas truck two years ago.
The dealers sent me a coupon in the mail for an oil change for $89 plus tax.
After they added the disposal fee, shop rags. Extortion fees blah blah blah, I was out the door for a $127.
Everything they added on was not in the fine print other than the plus tax.
A couple weeks later, they sent me a postcard, wanting a survey on their service. I wrote the worst comments, checked the zero satisfaction box, and have never been back since.
Not including tax on these kinds of things is simply a scam. There's literally no reason to not include tax. The dealership is in a fixed location, so their tax rate never changes. I don't understand why Americans accept this BS.
Oh yeah buddy! Those check marks sure showed them!
Iv worked in a dealership, how else do you think they stay in business while treating their lesser employees like garbage?
@@timderks5960 Actually in some states, Florida for example, it is explicitly stated in the law that the tax must NOT be included and Must be stated separately. There are a couple of exception. Like at a bar a bottle of beer or a drink can be $X.xx tax included.
Valvoline instant oil change, $37.50 with 50% off coupon
Glad you did the correct thing. Vehicles are going to be coming down the next few months. However your vehicle value will also come down. Thank you for not bowling down to the BS. Have a Great day!
Just dumped $4K or so into my 2002 7.3L diesel Auto. Know the truck. V-blade. Ready to rock for easy 2 more years. $4K is nothing if you early think about it. Crazy sounding I know.
Early 2000s 7.3L or Duramax are the best trucks to have in my opinion. My buddy just picked up a 99 dually manual f350 crew cab Lariat with 41k original miles for $20k. 25 years old and still had a value well over 50% of its msrp. That truck today would be $100k. His will last longer with less issues and no def fluid. #winning
Exactly, think of it as 5-6 payments on a new truck. That is how I justify it and you know the truck
@ I own a 1999.5 and a 2002… The 99 hasn’t really seen salt in 10 years. Very clean for an upstate NY truck. I’ll post it on my page. I do run F700’s for my Roll-Off business. Got 3 1994’s 5.9L and 8.3L Cummins. Keep on truckin!
@ exactlyyyyyy!!!!!! I keep the wife and kids in the good vehicles.
I purchased a 2021 Chevy 2500 Custom (gas, long bed, crew cab) new for $44,658.52 out the door in April 2021. I think it only has the custom convenience package and smoked amber LED roof lamps option, so it is not a fancy build at all. I ordered it in February 2021, it was built by GM, and I picked it up in April 2021. The same truck today (12/31/24) builds for MSRP $53,400.00 BEFORE tax/tag/title/any other dealer fees (maybe $60K out the door? Who knows?). I am planning on just keeping this one until one of us dies because a 33% increase in pricing in three years is ridiculous and puts a new truck at some point in the future as a big question mark.
I worked at Ford for 34 years making cars and trucks. In 2005 The company let slip that they make better than 8 thousand dollars per truck more if you add a bunch of bells and whistles.
They were making $20k after taxes on the excursion
thats fine but what happened to ford quality?? toyotas cost more but quality is there people will pay the premium
The bodies and frames are junk on the newer used trucks
good call on walking away. They count on people just sayin ‚ah well‘ and it encourages them to continue this. Principles are extremely underrated in this day and age.
Funny, reading some comments nobody mentions inflation. The simple explanation is that every dollar you have buys less. That is why prices are so "high."
"Only since 2000 has the US dollar lost 92% of its value in real terms."
- Egon von Greyerz
But prices are outpacing adjusted inflation values.
Dealerships have always engaged in shady business practices
however…. in recent times they have become even more hostile and dishonest
I have a late model 2002 Dodge diesel three-quarter ton D250. Was originally bought from my husband. I have no problem driving a six speed used to drive a big truck with the brownie so I could drive two sticks alone just pick up with a six speed. In the year 2002 the diesel with the six speed had the most torque that was a long time ago. Trucks are better now. But my truck only has 72,000 miles on it cause I can’t drive everything and I’m 75 years old now. But I still love my truck set up to pull fifth wheel does just fine. I will not be updating. This will be the last truck I ever own because of the cost of those things. I do make sure it’s maintained and serviced every year even though I don’t even drive 5000 miles a year now but if I have to, it’s ready to go and it looks like brand new because it’s garage does not sit out in the weather. I don’t think the best thing to fall. I don’t have to use that diff for the diesel now. And it 24 to 25 miles to the gallon around town. Pulling up 38 foot fifth wheel it gets between 12 and 13 miles to the gallon. No complaints about that. And best of all it’s paid for and it looks like it came off the showroom just about. Doesn’t have as many bells and whistles since the new ones like Bluetooth. Diesel older ones are noisy, but I know I’m coming and I know it’s my truck. Does have air conditioning and it does have power windows. And it’s an extended cab with a long bed. I did not want a crew cab because I didn’t want any more length than I was gonna have with that long bed trying to pack a trailer in the tight places so that’s why we decided to get the 2002 instead of the 2003 that was out because you couldn’t get an extended cab. It had to be a crew cab And that would be a !!! to get into tight spots. Yes, I have had it in tight spots. I used to be a truck driver, but I just like things a little easier and my old age. The new trucks are beautiful the other thing I don’t like they go to a larger tire instead of a 16 hour 18 inch just makes it that much taller. I don’t need that height. It’s bad enough my Highlander car they moved the bigger tire up for that one from 14 to 16 and I’m 5 foot tall short legs.
Good on you for walking away from that truck, I know it was probably hard to do in the moment but if we would all stop the dealer from bending us over they wouldn’t have the opportunity
The last new truck I bought was in 1993. When I came home with it I told my wife that this truck will be the last new vehicle I will buy. The reason is it cost more than the house we lived in, $18,000. Truck cost $19,000
How old was the house, that would be like a 1960s or 70s house. I think my dad's house he built in 1958 was about 15k. You're comparing to a truck 30 years later
I paid 18k to pave my driveway
I paid $35K for a 30x30 shop this summer! $18k for a house is crazy!
Why does an accountant need an F250 anyway? Maybe the price has increased because it's no longer primarily working-class Joes that are buying them.
A high trim level on top of it. That's part of why it's so expensive.
You ever hear of 5th wheel campers.
You guys are absolutely right !! IT is the principle !!
A trimmed out brand new f250 limited used with a few thousand miles is $115,000.
Basic economics of supply & demand. Sell a lot for little $ or a little for lot of $. Henry Ford got rich making vehicles everyone could afford. Obviously Corporate America has lost its way.
It seems that all the new trucks after the pandemic are garbage.
Walk away and remember, dealership need you more than you need them.
I spent $3,500 on my 94 Chevy truck, with a little over 100,000 miles on it. No issues.
My neighbors no wanted to get rid of it fast to get quick cash.
My dad bought a stripper 76 F-100 in June 76 . Wa state min wage was 2.30/hr and the truck was 4003.00 out the door. 300 inch six, three on the tree. 1/2 ton. . 1740 hours. Today , min wage is 16.66 x 1740 hours =28,988 dollars. Don't think you can get a entry level F 150 for that today.
3:33 “$3,000 that you’re going to finance anyway”…wait, so does that mean it’s not real money then?? I don’t understand that mindset at all. It’s still costing you an $3k which is real money and that much less you have to spend on something like an excavator attachment. I’m with Adam on this and would 100% walk. I don’t understand why people just give up so easily, but unfortunately so many do that sales people count on it. People making less than $200/hr acting like 4 hours of their time is more valuable than $3k is crazy.
I had a very similar experience trying to buy an F-150 at the Ford dealer in Augusta GA. Long story short, I concluded in order to get the advertised price, you pretty much have to be a one-armed, gay veteran.
Have anyone noticed insurance going up like crazy too? We just can't win.
That’s because we all have to pay higher insurance to cover the cost of people buying $70,000 and up trucks , SUV’s and Ev’s. It’s called team work. It’s particularly annoying when you drive a cheap sedan with a perfect driving record.
As a 42 year gm mechanic I would recommend buying locally. Any brand of truck will be in the service department more than you would like. I promise you you’ll be on a first name basis with the service department. All the technology is a major drawback. Just because engineers can do something doesn’t mean they should.
Simpler is always better. Also, usually the Engineers aren't the ones who want all the extra complications....Marketing convinces Management that its a big moneymaker. Engineers with any sense don't want the headaches that come with the complications.
A lot of them can certainly afford them, but they’re not stupid enough to buy them!! my millionaire son is driving a 2004 F250 right now because he was in an accident that totaled his new truck and he refuses to pay what they want even though he could perfectly write a check for it. In three years the prices are crazy!!
Simple solution for 80% of truck owners: Buy a car.
Simple solution for most of the people who actually use a truck for work: Buy a car and a $2000 utility trailer.
Vanity is keeping you broke.
Yup. I had a simple 4WD, standard cab with crank windows, simple dash, etc. It finally wore out after 16 years. I couldn't find another such truck in any dealer. I now have a CUV with an $1800 trailer from Lowe's.
I was motorcycle touring in Vietnam a couple of years ago and I passed a local farmer riding a 115cc Honda scooter. He had a trailer hitched to it and was hauling two cows. The rest of the world manages to go to work with much smaller vehicles so these huge trucks are just pure consumerist self indulgence dressed up as need.
@@beltrams Smart. I have a CX5 with a 66" x 126" galvanized trailer with ramps and low sides. I hauls UTVs, ATVs, lawn tractors, construction materials, tools, brush, and everything else.
You also need to remember that when paying at a retailer anything over $10,000 there is a form that needs to be filled out. The government wants to know why anyone would have $10,000 available to buy anything, they have worked very hard to tax us to the hilt so we don't have cash.😅
I have a 97' Chevy K2500, with the 454, that I got 5 years ago for $600, plus $120 in fees. It needed some work, and gets 6mpg, but I can leave it sitting for two months, turn the key, and it fires right up.
If u can find an older vehicle with low miles that has been well taken care of, thats always a better value than new.
My 2015 F-350 XL 6.2 gas is the best truck I’ve ever owned. I own a small business and it just never quits. I tow 10-15,000# regularly with it. Dump trailers, excavators, skid steers. 300,000 miles and it doesn’t use oil. No leaks, original transmission. I had the 6.0 Power stroke, Cummins before this and the diesels were not as reliable. I think I’m getting a crate engine from Ford when it goes. I know nothing I buy new will be as good.
this a prime example of why broke homies stay broke 😂young bluds really think they need an f350 to haul groceries around 😂stay broke hustlas 😂
If ya have to finance . you can't afford it .
Congratulations on standing up to your believes. Many moons ago I did about the same thing with a twist. The salesperson said " just sign here" and we will work it out. Wrong thing to say. Got up and walked out. Sales person and his boss after me to try and get me back. After a few choice words I drove off in my old pick-up with my son. He was shocked at what I had done and said. All vehicles today are way beyond the price of the average person. Keep it up.
Been trying to buy a truck without getting ripped off for over 3 years. My main problem is that there are no work trucks, only 4-door “pimp trucks” loaded out with every stinking option. Well, that and how they keep trying to drive up the price at negotiation. I’ll just keep driving my ‘99 2500 with 250k miles.
my old chevy ran mint. body rusted in Maine.. cant drive on road. bought a 2019 f150 xlt v8 sport 29k.. 84k miles 11.7% truck prob only worth 25 and wish i got it for 7% ill try and re finance in a year
Driving trucks aroung like they're passenger vehicles is INSANE. Remember when the only people driving a truck were out there getting WORK done?
Pretty obvious it’s all vanity, admits he’s not regularly towing & was super into the high trim package. People like him are why trucks are so expensive, he could flip that one he’s got buy an old ranger or s10 AND a decent economy sedan or EV for his family AND have enough money saved from not feeding a 7 liter monstrosity on the daily to rent somebody else’s problematic diesel many times a year should he really need it.
Middle class people shouldn't be buying ANY brand new vehicles, unless they are net worth millionaires. New trucks are a depreciating asset, so on top of being absurdly marked up, they lose value for their owners at a staggering rate. If I told you about a way you could spend 6 or 7 years turning $100,000 into $35,000, would you "invest" in that idea? Of course not! Vehicles are an expense; nothing more and nothing less. Short of leasing, buying a brand new truck is the most expensive way of meeting your goals. Most folks today won't listen to this...and that's why most folks are broke. This is part of why the middle class is dying in the US.
Thank you. You took the words right out of my mouth.
I am in nearly the exact same boat as you. Bought the F150 about 5 years back, 5.0L gas, very potent engine, and was twice the truck I needed at the time, since then my needs have increased and I'm now towing a 9,000 lb trailer quite regularly, and while that's comfortably within my trucks towing range (11,000 lb capacity), it does accelerate wear and tear pulling that much weight on an almost weekly basis on a half ton chassis.
So over the last year I have periodically looked for a 3/4 or 1 ton to replace it, but we're not talking a 30% increase in cost over my current truck, we're talking a 100% to 150% increase in cost, given that we're going from a half ton to a 3/4 or 1 ton, PLUS the insane price change over the last 5 years.
I also owe nothing on this truck, and while I probably break something expensive on it every year and have to spend $1k to $3k to fix it, that is a far cry from the $13,000 to $20,000 I'd spend yearly on a new truck.
It's also worth noting that new does NOT mean it won't need any work, I've owned enough new stuff to know manufacturers find ways to weasel out of warranty work all the time, and on top of that the main benefit of a new truck that doesn't break down now and again is that I won't have as much down time where it's not working, BUT if the new truck still breaks down, then where am I saving on my time?