Want to see a video that covers the cost of ownership and how far your dollar goes buying an older used truck vs new? Check this out: ruclips.net/video/Cdv-JXjnJhA/видео.html
Thats what he isnt taking into account. Wage stagnation means the truck while adjusted for inflation seems similar it takes more of you time and work to actually make that purchase which displaces your ability to feed your family. On top of that food and daily goods have inflated far more than vehicles so your dollar isnt going anywhere near as far even when adjusted using bullshit inflation stats. CPI is a false metric.
@@averageyoutuber_4872 Most legitimately wealthy people drive older vehicles. Most people who drive new vehicles are broke. If you're making payments on a vehicle you're poor, and the fact that you're making interest payments on a depreciating asset means you aren't financially savvy. Unless you're buying a truck for a business that makes you much more money than the truck costs, and you can deduct the costs on your taxes, you're making a bad financial decision.
I can replace my engine, trans, and suspension with reman parts with warranty twice and still doesn't touch these new truck prices. I was born at night but it wasn't last night.
I just rebuilt a 95 7.3. Financially it made zero sense, and at the end of the day I still have a 30 year old truck that’s going to have little gremlins pop up over time. If value your time at all and you consider the amount of tools and equipment you’d need you’re not saving any money rebuilding one of these old rigs. Is it cool? Yes. Do I love it? Yes. Would I do it again? Absolutely not.
@@Westerner_ I get it. Shits outrageous unless you can figure out how to make more money. Even then the depreciation of vehicles is stupid outrageous. Most people don't make 90 grand a year PRE TAX. That's a whole year of your life GONE for a truck. People don't think like that though. So your reduced to buying used and hoping for the best or trying to figure out how to game the system for more money.
@@SamLee-ds7fiyou don’t have to pay $90,000 for a new truck. Yeah a platinum or a loaded lariat with a diesel maybe. The thing is a new XL trim comes with more standard features than most higher end trims were 15+ years ago. I was just at ford getting my company rigs oil changed and was looking at a 24 xl f250 I was blown away at how nice the interior looked and had a huge screen with power windows despite being a base model base trim. MSRP was 60, of course the salesman came out asking if I needed help I said look I’m not here to buy a truck, I’m just getting mine worked on but realistically what would I expect to pay for one like this? He said you could get into one for about 55k, that was a crew cab 6.8 gasser. I know everyone wants diesel power but I personally don’t think it’s necessary for 90% of the guys buying them. The new gassers with 10 speed transmissions will pull whatever you put behind them as quickly as you want within reason and saves you 10k right off the bat. I regularly pull 14k with my 2020 6.2 in the cascades without any issues. I have several people close to me in my life that can write a check for a loaded platinum and not even think about it. The average guy with kids, a mortgage and median income has no business buying one of these luxury trucks.
This speaks to wage stagnation over the last 25 years, whether it’s vehicles or housing, an average wage got you a hell of a lot further than it does now.
Thank you for factoring inflation and being intellectually honest, instead of just complaining about greedy corporations like most these days. Don’t blame the companies, blame your government and the Fed.
Blame Congress too. They have all had absurd bs rules every couple of years for automakers. Like mandatory back up cams, as if you don’t have this cool thing called a neck and spatial awareness. That then requires a screen, and the companies go, well if I got to put in a screen, then I might as well add all these other bells and whistles, etc and boom. Out of control options you can’t opt out of.
I have two almost identical trucks. Both 4x4, auto, diesel, and Megacabs with fully optioned out Laramie interiors. But one is a 2007, and one is a 2015, and the difference in the two trucks is insane. My 2015 stickered for $64,900 the 2007 stickered for $42,000, adjusted for inflation they're pretty much the same. The problem isn't new vehicle pricing. It's the fact that the dollar is worth less and few people are actually receiving an increase in wages consistent with the decrease in value.
@JustDiesels Buying a new vehicle is always gonna be a significant purchase, but my 2015 is a better truck in every way. My 2007 doesn't compare to it from a utility standpoint or a creature comfort standpoint.
@jeremymyers5643 I just did on the Ram build and price website. 2025 2500 4x4 Megacab, Laramie, 6.7 Cummins and I chose the Laramie level 2 equipment group, Night Edition, Offroad Package, and Tri-Fold Tonneau Cover. MSRP of $85,485 went to the inflation calculator typed in the numbers, and it's actually cheaper than my 2015 was. $64,900 in 2015 has the same purchasing power as $86,127.35 in 2024. And I've test driven a few 5th Gens, and they make my 4th Gen feel like an outdated truck while making double the torque and towing more than double, thanks for proving my point.
Exactly. There is a huge problem when a brand new average diesel truck costs as much as your yearly salary. Something is deeply wrong with that. I hope we can all turn this thing around..
the plan is to run the 01 cummins 6 speed for life at this point. i don't care for modern trucks, not the price, not the jacked up height, not the crammed engine bays, not the low profile wheels, the surveillance, the complexity. time to go cuba on old trucks.
I'm stuffing a 12 valve and a 6 speed in my OBS planning to run it till I die. The power numbers on the new trucks are cool but he's failing to mention how often the electronics fail and the new ford 10 speeds fail.
Agreed. I'm going to run my 2005 Ram as long as possible too. She has 240k km on her now or probably 150k miles. Even worst case she shoots a rod out the side and I have to put a whole new reman engine in for 15k or maybe 3k in a new diff or whatver, a new crew cab is at minimum going to cost me $55k for a base model that isn't much better than my loaded 05 and definitely won't be a Cummins for that price....not that I'd want to touch a new diesel with a 10 foot pole with all the emissions nightmares.
Back in 97 there was not 7 yr notes at a 1k a month not counting the insane insurance premiums. Inflation is the reason for the increase the problem is wages never kept up with inflation.
@@davidporter7051 mouth breathers lol ok just wait when the markets crater and the automotive industry is crying for another bail out. No one is buying there shit unless there taking on massive amounts of debt the everything bubble will burst.
@@davidporter7051You’re actually wrong, entirely. Look at the median income and house prices in the 90s and 80s and compare them to now. It’s staggering how far income has fallen behind inflation. Lmao I bet I could guess who you’re voting for hahaha.
Those 20 years of innovation would be astronomically better without interference from the EPA. I worked on an overseas project and we purchased 50 F250 new trucks to overseas specs, no DPF , no DEF, from the Ford factory. Ford can and does make 6.7 Powerstrokes without EPA junk for overseas and military.
I call BS... I have a 06 Cummins and a newer 23 Cummins. The newer has better interior and that's about it. I totally regret my newer purchase. The power claims are a HUGE selling lie. The 06 with a smarty jr, out pulls the newer 10-time fold. Also, what really pisses me off the most is the millage. The 06 towing my 5th wheel was getting around 19mpg. The 2023 with the same trailer gets between 9 and 12mpg. Also, with the newer I now have to buy DEF and the older one I didn't. The 06 coast me close to $40 grand out the door and the new 2023 coast me $97 thousand. I feel I didn't get my bang for the buck. I feel like I got a RAMed in my ass. So, to me they didn't step forward they stepped back Way Back...
I'm about the same xcept I have a 06 and 22 my 06 has some mods but nothing too crazy I went with the dependable upgrade route with a choice of 2 tunes that are probably fall a little more on the crazy side when it's put on the xtreme tunes but that's for a lil fun when one needs it my 06 gets 19-22 depending on how heavy it's loaded and the 22 gets 8-12 with same loaf and I hate dealing with the def fluid problems which in my area isn't always available due to not very many places to get it wher I live without driving 1.5hrs to the nearest major city
@@mikemccabe7124 Yep, where wearing the same shoes. Everywhere local is always out of DEF and Local Fuel stations that sell it are twice the price. I have to order online. A big pain in the A**...
I would like to respectfully say 19 mpg towing a fifth wheel is a lie. You must be only going down hill at 5 miles a hour. 14-15 maybe. Go look at forums aint no one that actually hand calculates their mpg getting 19 while having a brick that hangs 6-7 over their cab getting 19.
@@rocklow243 "Respectfully" calling me a Lier does not go hand in hand. Whether you believe it or not it doesn't matter to me. I have no reason to lie as there is nothing to gain or lose. The 06 does average 19mpg towing and that is towing 14,000 lb. When I had compounds on the truck it averaged 22. Of course, there is a lot of goodies added to the truck to accomplish this. And the truck passes emission with these add-on's. If you read the other comments, there are others with the same mileage as me. Now with the 2023 truck and all the emission crap which is killing the mileage and power. I'M sure I can spend the money to add on and delete to try to accomplish the same results. Maybe, I don't know... However, I live in California and would never pass emissions doing this to the newer truck. The point of the argument is the Bang for the Buck. With the newer truck you do not get your money's worth.
3 things I ask the dealer when deciding to buy a work truck. 1) how much is the headlight assembly if I hit a deer? 2) How much to replace the exhaust system? 3) What is the reliability of the drive train? I usually walk away.
Love your stuff, but in a conversation about economy you missed 2 importand factors. First fuel economy, I know these trucks compared dont have much different but compared to an older cummins, 8mpg is huge. Second you need to factor in purchasing power. Sure inflation has increased significantly, but whats more important is purchasing power. What one can actually afford resposibly. The average income went from $38k to $48k in these 20 plus years. That would mean the F250 should be closer to $44k. And we haven't even brought up increase in maintenance yet. I sold my 2023 cummins and bought a 2006 cummins. Droped a toyal of $25k after a full rebuild bumper to bumper. Almost as much HP as the new trucks and 22mpg. No emmisions garbage and minimal maintenance.
Nice. I'm currently getting rid of my 2020 Duramax and just got an 06 Cummins manual. Everything works but it needs a chain in the transfer case and zero rust. It's going to be with me forever because of the costs of newer diesels. Especially repair costs and emissions systems. My 5.9 probably won't be touched for another 100,000 miles.
your economics skills are lacking. in 2004 the median household income was $57500 or about $97000 today... Today the median household income is $104000.
@@davidporter7051 That is incorrect. The U.S Census Bureau reported a median household income of $74,580 in 2022, with estimates showing it to only be $78,121 for 2024. In 1997 it was $37,005. Interest rates are comparable across credit quality in 1997 compared to 2024. $32k for a truck at a median income of $37k is 86.47%, while today $68k for a truck at a median income of $76k (leveraging between last verified number from census to estimate for 2024), and you are at 89.47%. So, the real cost of the vehicle is a bit higher than the rate of inflation. However, overall it is negligible. The main reason that vehicles feel so outrageously expensive is primarily because consumers are spending more of their income on other expenses at a significantly higher proportion to their income than we were back then. Groceries are a considerable expense now compared to 1997, but more than that is the cost of housing for anyone that has had to buy a house in past 4-6 years. In 1997 the average price of a home was $146k or $288k in 2024 terms. The average price of a home today in the US is $412k. Even with interest rates 2% lower than 1997, the price is just out of the water compared to 1997. Additionally, the average home insurance premium in 1997 was $400-$600 or $780-$1200 in 2024 terms, while today the average home insurance premium is $2400. So, the cost of housing today is compounded out the wazoo compared to 1997 and absolutely crippling Americans. While cars are still relatively proportionately the same real cost to consumers, they are more of a difficult cost to incur since other primary costs are so much more burdensome.
@davidporter7051 you seem confused... are my economic skills lacking or is it your reading skills. At what point did I use the terms "median" and "household"? Also, the years in question are 1997 and 2024. Don't conflating your inabilities with mine, textbook projecting, bud.
@@CasuallyAuthentic it's very simple the facts and figures are readily available, so bisch research. It's that simple but it appears that you do not possess this ability so therefore it's not projecting you simply have a feeble mind. Do I need to use a coloring book?
1996 fully loaded was $30k 20 years later 2016 fully loaded was $65k in four years fully loaded got up to $90k plus for a far less reliable truck. They are not similar with price. More technology doesn’t equal reliability or a cost that high. You aren’t getting what you pay for in the slightest. Plus cost of repair and maintenance is three times the price when parts go out. A mirror alone is $2,000
I was just having this conversation with my son about this yesterday. If my 08 F350 ever went belly up I'm going to have it rebuilt and go through the entire truck; drivetrain, paint, etc. instead of buying a new one.
I just wish these full size American trucks offered a manual transmission . 2019 was the last year for dodge . I’m happy with my white 01 dodge 2500 quad, shortbed Cummins 6 speed manual with 137k. I have window sticker $36k that year . Clean,pristine condition running on 35’s w revolver style wheels . Thanks for sharing.
Got a 2006 dodge ram 2500 mega cab and I would buy this truck over all these new trucks even if I had the 100,000 to spend on one no sense in spending that much on a truck when you can get one that’ll last you twice as long and still get good mileage
I spent almost $100k cash 1.5 years ago for a brand new cummins. After a year I dumped if as the maintenance and fuel cost was ridiculous. I bought a 2006 cummins and dropped $25k after a bumper to bumper rebuild. Not only did I pocket $75k, but what I'm saving in a years worth of maintenance and fuel cost is equal to what people are paying for a new truck loan. Having a conversation about inflation means nothing. It's about purchasing power.
The price of the truck adjusted for inflation has not changed. What has changed is people's earnings have not kept up with inflation, thus their buying power has decreased. New trucks are not more expensive, everyone as whole is just getting poorer with decreasing standards of living.
Not true. Ppl are wealthier than ever, they are just bad at spending. Who do u know who doesn’t eat out a few times a week? Get Amazon delivered to their door almost every day? Work 40 hrs and go home and watch and surf the web all week and weekend
That is totally false! If you looked at other models in the last 5 years the price increases are no where near the price increase of trucks. For Chevs for instance a 1500 Silverado RST was 48 to 54 5 years ago now they are 68 to 76 thousand dollars? But yet a loaded Blazer Premier was 54 now they are 59 thousand? Where is the inflation? Trucks have become priced out of most eveyones budget.
@@kennordsfan1494=totally wrong. A well optioned RST was $50080 in 2019 which is about $64000 today. A well optioned RST is $56000-$64000. Your statement needs correcting.
I bought that white OBS in your video brand new but was red and an XL but otherwise the same truck for 27k and it cleared 20mpg with ease. A guy at work had to have it in late 99 so gave me almost 20k for it and I bought a new 2000 F350 with every option they offered aside from duals and paid 40k. That thing wouldn’t beat 16mpg no matter what. An old timer at work asked what I paid for it, I wasn’t even 30 yet. Told him 40k as I was proud of that price and proud of being able to afford that nice of a truck at that age. HOLY CRAP!!!!! He says, my first house didn’t cost that much kid!!! I remember thinking I just paid 100k for my first house and there’s no way a truck will ever cost that much, wow was I wrong. So here’s a few things to take away from this, OBS to Superduty didn’t really change much in price even thought the new Supers were the big new gotta have on the block. In 2013 I bought a new 150 Platinum for mid 40s brand new and a gasser Superduty was about 10k more. Now they’re the same damn price but just as equally equipped then as now. So that’s peculiar. Lastly almost 30yrs ago a kid in his late 20s could afford a house and the fanciest truck out there all as a laborer for a construction company. Now there’s not a chance in hell of that. Yes inflation is a big part of it but so is corporate greed. When just working men bought trucks they were working man’s prices, once the trucks started getting fancy and the yuppies all wanted them the price started climbing. Same thing happened with the Harley’s. Once corporate figured out they could charge more because the newer clientele didn’t care about price, the price started to climb
I've never been able to afford a new pickup, I think I remember my friends buying 96-97-98 Dodge diesels for around 20k. I realize epa kills diesel, wish we could have a bare bones diesel again
I bought a 2020 F350 dually and have been impressed with the power and how it handles my 40' 5th wheel. If the government would quit mandating the stupid emissions equipment we would have pickups that would get substantially better fuel mileage, power and longevity. But they obviously desire to force us to buy what they want us to have while trying to make us believe it is all for our good. I'm tired of being manipulated.
I think you missed one important point Just Diesels; The cost of living, buying that truck at the equivalent of today's money "$68k" back in 1997 is far different than today, your mortgage in 97 was far cheaper, insurance, health insurance, food, and utilities, life altogether If you adjust the price to actual real-world cost of life, that's when the Diesel is an arm and leg.
Well said Andrew. You laid it all out very well. Only extra item I'd chime in with is the difference that inflation has made, meanwhile the average wages have not kept up with inflation at all. Which combined, exacerbates the sensation of skyrocketing prices.
They sell at that price today because people are willing to buy at that price and go in debt for it. The old saying, what's my vehicle worth? What someone is willing to pay for it. Back in '84 a Cadillac Eldorado Biarritz top of the line was nearly $30K. That was a lot of $$$ back in '84 and people bought them. The same E body Rivieria or Toronado and in fact had a better engine sold for way less.
I priced out my 6 rear old ram dually with pretty close spec and it's 25k more than I spent 6 years ago. They haven't changed that much. Ever since covid they made excuses why trucks are high and as soon as that problem gets solved they keep making b.s. excuses. Don't get to upset with me, it's my opinion. I do enjoy the vids.
But I will always argue the older trucks ride just as good and are way more comfortable than newer trucks. Can't beat them old cloth bench or bucket seats.
That was actually eye opening. I really thought trucks had outpaced inflation, but when you consider the capacity, plus the emissions equipment and safety stuff (multiple air bags) cost money. Seems like dealers rarely have the basic trucks in stock. I also wish one of them would offer a worthy manual (say 5 with a splitter) but it’s minute segment in the market probably not worth the development. I also wish heavy pickups weren’t immune from posting mpg estimates. Yeah they wouldn’t be realistic but are useful for comparison. I think a lot of us would rather get 4 mpg better mileage than be able to get a speeding ticket towing 20,000 up a 7% grade. Lastly, really disappointed at Cummins for going to hydraulic lifters. I doubt they will have hundreds and hundreds of thousands of trouble free miles the rest of the engine is capable of. Long term a bit of chatter or skidding the roller before they pump up on startup I think will prove problematic to the rest of the valvetrain- just to avoid the simple and quick chore of checking lash every 100 to 150,000 miles.
Always loved the 2011-2016 superdutys. Would love to get a 6.7 but man if something breaks it gets sooo expensive. The electronics and fuel systems are just too much for me to want to deal with. Ive noticed a lot on marketplace too with blown engines
I think the main issue here isn’t really pricing or the current cost, but it really is the options. You can’t get the minimalistic work horses, that come with the inherent reliability and dependability of a basic tool. The only trim level available for a 2024 Ram 2500 that can be acquired with a single cab, is the Tradesman. And the tradesman in a single cab is not available with the Cummins. Similarly, you cannot even get a 1500 in a single cab or long box configuration. Not to mention, even the tradesmen comes with thing like Bluetooth, AC, electric windows, automatic transmissions, extra safety features, power locks and windows. Lower income buyers have simply been priced out of the new truck market. Hell even newer commuter cars are going for $35k and up. And anyone, like myself, who prefer these more simple and old school type of vehicles, is really only left with two options. The first are old rust buckets with more issues than they’re worth and 300k miles. Or the second option are 20 year old garage kept specimens which are currently going for the price of new trucks. It’s just not a fun position to be in for the large group of consumers who feel they are force fed expensive and over-featured vehicles that they really just don’t want or need.
Old truck prices are going up too, if you get one with low miles and isn’t driven into the ground already. It’s all car market in general that is outlandish. You have a point, with inflation, people weren’t making the same money they were in the 90s as they are now either. That Old school truck is super nice. Buddy of mine had the 4 door like you mentioned, also in white. These were pretty common back in the early 2000s, now they are gems on the road.
This is very good example of how crazy inflation has gotten. Whats ineresting is how this trucks price compares to the trades men or contractors wages that would buy it.
I bet it’s not too far off. With the lack of new bodies going into the trades, the ones left in those fields are making damn decent livings where I live.
6 figures for a truck??!! its insane! That's reaching property prices. Just for a truck. If people just stopped buying these 6 figure trucks, they would eventually be worth $50,000 brand new. We are causing this, by buying them.
That’s cus it’s so easy to get into debt for one. If they heightened the qualifications to get a car loan anywhere near what it is to get a house car prices would drop
Well again, the 100k ones are the non-work/utilitarian luxury top trim models, the cheapest that you can get a base diesel for, ( depending on your dealer ) is around 50k
Also I need to tell you something of critcal importance! I care about you as a person, and ( just know that you are listening to a hypocrite telling you these things I'm about to tell you; I don't honor them always as I should ) I very much urge you to listen to this to the finish: The scriptures tell us that Jesus Christ died for people's sins- I speak for all who are children of God through faith in Jesus the Christ and His gospel, which can be thought of as being the story of Jesus's life, His purposes for being sent, and what He accomplished to win our salvation: now receive the knowledge of this truth: that our nature is sinful and that we have transgressed God and owe Him a debt of justice to be repaid; ( being hell; just forget your human logic behind justice ); we all are sinners and by default are due for the judgement of our sin, but with God's remarkable free gift of justification and forgiveness, with the work of Christ's life, the death+punishment and resurrection from the dead, being the "means" you could say, for this salvation of ours (the believers) to be won for us: whoever will have their faith ( and, according to my interpretation that this is not just a hearing of the facts, and claiming to yourself or to others "I believe it" with your mouth, and doesn't cause you to live according to the life Christ set out for us; but this rather is a faith that cries out to God "have MERCY on me!" and depends on Him ( Jesus and His finished work ) as your only hope for forgiveness and being saved, that through Him, you'll be pardoned from the Judgement of your Sins by God, because of His finished work, in what He came into this life to do, and you be reborn, ( a change of heart about your life and reality with your new knowledge of the truth, the truth that sets you free ) and be saved! Now, being a believer is not wearing a cross chain or putting a cross bumper sticker on your car or reposting some Christian meme on your phone; in fact there's so many people who *think* they're Christian, but they're living a lie, and that's scary. Faith without works is dead, and although we are saved by faith alone, the faith that SAVES is NEVER alone; thats like claiming you trust someone to catch you, but you won't do the trust fall to let them catch you; now if you believe Jesus, live according to the life he set out for us. ( we won't be perfect at it though ). Upon believing, once God marks you as His Own with the presence of the Holy Spirit ( the Spirit and power of God) in your heart, which will dwell within you!, this will bring about a life, bearing fruits for God! And you will be reborn as a new creature! With a renewed heart, no longer being a slave to your own sin but now walking by the Spirit ( described by the Bible as being a Comforter, Teacher, and Convictor of your sin to your conscience ) and not by the flesh (the will of your sinful self, and passions contrary to the things of God). Basically in simpler terms that with being born again, with the Holy Spirit entering you forever, the Holy Spirit will influence your conscience/heart, prompting you away from walking in the deadness of the ways of your sin ( albeit, we won't be perfectly successful at it in this life; the Bible says that the Spirit is willing but the flesh is weak; the Spirit and the flesh do battle against each other in the being of a person; we won't go on to be sinless, but surely we will sin - LESS, because Christ came not only to save us from the consequence of sin, but also from the power and influence of sin as we live out our lives ); repent your sins! Repent. Turn away from your sins ( again, I am hypocritical for saying this because I can always be better at honoring all these things I'm saying ), but dont take lightly the knowledge of the things of God and the chance you have to be saved in this life! Repent and believe in Christ and Christ's Gospel! Amen, i hope all who read this have a heart to hear; eternity is ETERNITY, and this life is NOT eternity; it's like a vapor in the wind; and again, the whole overall theme of everything I'm saying is GOOD NEWS- that's literally what "gospel" means, good news! We HAVE a savior! The Son of God Jesus Christ! What a glorious thing! And a strong hope for eternal life! There is no condemnation to those who are in Christ Jesus; they have passed from death ( and hell ) to life! My prayers and best wishes to you all who read this, Grace and Peace from the Lord Jesus Christ and God the Father be with you!! ❤
A well-equipped Chevy RST with a baby Duramax is right around $60k without negotiating. More than enough truck to pull most bumper-pull TTs two or three times a years like most people do. 20+ mpgs when daily driving. High 20s on the highway. No bad all things considered.
I actually ordered a 1996 F350, crew cab, manual transmission, 4.10 gears that I own for 18 years. Several years ago I wrote an article comparing my 2014 Ram Tradesmen to that same 1996 F350, including using CPI numbers. As you said, the features were similar, the price between the 2014 and 1996 were comparable, and newer trucks are nicer, drive better, and are generally more comfortable. Emissions complexity is the trade off.
Newer trucks are "Nicer" but the trade off is that they are often more complex. I don't need a truck that has heated seats, 14 different cameras, screens built into the back of the front seats, the "Connected Driving Experience" with WiFi to pair with RUclips and Spotify, et cetera.
I remember in 06 when the price of a new truck seemed unobtainable and now in 2024 the price of a new truck still unobtainable. Good thing I was able to eventually afford a used 06 Ram 2500 4x4 5.9 with a G56. I still have it. Plan to keep it.
I can only speak for myself but I’ve been a Ford guy since I bought my first 7.3 in 1999 as a personal truck. Bought another 7.3 in 2002 as a service truck. Utility bed on it etc. I’ve had those two diesels that lasted through the 6.0 years then I traded my 99 for a 6.4. Huge mistake. I hated the 6.4. Constant problems not as much power as the OG powerstroke. Currently I have a 2015 6.7 service truck and a 2019 personal truck. I’m almost to retirement and they’re so expensive now I’m done buying them. Great video young man. 👍🏻👍🏻👍🏻
I literally have zero desire to buy a new truck. Nothing about them says wow look at that, wish I could have that. I have over $100k in investments plus other things like a house, cars, trailers, etc- I could easily have it if I wanted it. They're just stupid. If a manufacturer started selling a RELIABLE, capable, and efficient diesel truck that had a vinyl floor, standard transmission, fold up center console, and just basic creature comforts- I'd be all over that like shit on stink. Some luxuries I do believe add a lot of value to a vehicle are heated (cloth) seats, nice looking aluminum wheels, keyless entry, push button start, auto climate control, and a screen with wireless Android auto. All the other crap is just garbage. Let's go ahead and change transfer cases back to a physical linkage too. Everything that is unnecessarily electronic or computerized needs gotten rid of. You don't need a digital dash and all the touchscreen controls. Make something that will work in 20 years and be easily replaceable, not just something that looks cool for today's wage slaves. The stuff from today just doesn't impress me at all. If you could engineer a product that is easily and affordably repairable and is as simple as possible- to me that's good engineering.
Few things that also should of been mentioned. The average income in 1997 vs 2024. Yes if adjusted for inflation new trucks aren't more expensive. But there not as affordable as they were in 97. And quality and longevity of the new vehicle isn't as good. the new truck with all its unnecessary electronic garbage isn't going to be working in 30 years. Take that 2024 and the 97 park them and come back in 27 years with only they keys and new batteries. I guarantee that 2024 will never run again. But that 97 even though it has 250,000 miles on it been sitting 27 years and is 27 years older then the 2024. It will fire up
Advancements in manufacturing have made it significantly cheaper to build vehicles. The problem is over regulation that forces trucks to be giant, over complicated monstrosities. As well as back room deals with the auto unions to shield them from competition. You can buy a brand new striped hylux, with a diesel, for 14k, just not in the U.S.
Any of these new trucks almost guaranteed to last as long as my 7.3s? One van has 410k Other van had 310k I use both to tow my 30ft 9lb travel trailer. Yes new trucks are much better but much more money and will not last near as long (planned obsolescence)
My 2008 duramax does everthing my Dad's 2021 duramax does. Except it gets better mpg with bigger tires, and it only cost me $11k cdn not $80k cdn It's so simple I can fix it on the side of the road with a basic socket kit and a couple screwdrivers
Kudos to you for keeping an open mind and allowing your opinion to change from a rant to something more complex. I agree, new prices are extremely high but the trucks are insanely capable by comparison. Like it or not, we have naturally aspirated gassers towing substantially more than the turbo diesels of the past… and that’s pretty damn cool.
Prices are on par with inflation. What isn’t is actual purchasing power. I was born in the 80’s, and during that time, our parents generation had 86% more purchasing power, which translates to the dollar going further. Inflation is a compounding problem, and the higher it goes, the harder it is a stretch a dollar. People got use to easy lending and living on debt. Basically buying based on a monthly payment, not that you could actually afford it. Easy to get loans helped to justify the rise in total cost, because you can play with loan terms to reach a desired payment, while making even more money. This extends to credit cards as well. The market is still adjusting, because like us, the manufacturers are coming to grips with this reality. Basically, if you cannot go out and buy something cash like your grandparents had to do back in the 1950s/60s, you can’t afford it. We gripe about how in debt our government is while we live the exact same way. Payment to payment. Financial literacy isn’t really a popular topic in the US, and it shows.
I have one of these trucks. A 2024 Super Duty Diesel 6.7 high output. It cost a lot of money. My last ford diesel I had for 19 years. The one before that, 5 years. Never had a new vehicle in my life, except for a few dirt bikes. Spent 10 years in the US Air Force making no money. I worked hard in my life to where I could pay cash for such a truck. I bought this truck to tow. I’m 62 and Yes this Truck is Worth It!
Interesting that at the high end of capability the inflation adjusted price is very similar, but usually the complaint I see about truck prices is that smaller cheaper trucks just flat out don’t exist anymore. There isn’t a modern comparison to, for example, he old Rangers. I can’t get a small truck with a full size bed anymore to do some medium hauling, I have to buy something bigger with more towing capacity etc than I actually have any use for.
Right! Nobody accounts for inflation and just complains of how much the new trucks cost. They costed about the same when new it's just the value of the dollar that changed.
I actually got caught off guard with this. Just like you i was expecting that the cost would be way different even including inflation... however what's crazy is that income hasn't met and stayed with inflation. But as you said that is a completely different topic.. Crazy. Awesome video as always man
The emissions standards for diesel engines enacted in 2007 and 2010, required manufacturers to research and develop the EGR systems to meet the new government demands. Along with the upgrades in technology wizbangs, the constant software updates and firmware management means a fulltime staff to code and maintain the systems. None of these were around in the late 90's or early 2000's. Consumer demand for tech upgrades and government interference contributed mightily to increased costs.
Compare a 10 year old 2014 to a new 2024 platinum. Basically, it's the same truck. Same 6.7 diesel engine. $53k versus $103k. The price doubled in just 10 years. Median family income has only gone up 14%.
The 96 OBS 7.3 5 speed and the 04 Cummins look real nice in my driveway. Haven’t paid a payment in over 20 yrs which is also nice. The new ones look nice but have officially outpaced my desire for new on price alone.
Comparing early 70s truck prices to the mid-90s, prices would look pretty similar for % increse. Tracking pricing since the F350 was created would be a very interesting.
@Just Diesel, I somewhat disagree. Though one might get more hp for the money, the issues I see with newer trucks is twofold as it relates to longevity/useful life. First is using lower quality materials to help achieve some of those HP/Towing numbers. The other issue is a more heavy dependency on computers. With the trend of more subscription services and planned obsolete, I would rather have an older truck.
most people dont use their trucks for work, they use them for commuting. a mid sized suv would be more practical for most people, while still having a decent towing capability.
The dollar has substantially less buying power now, there's just no other way to look it. Housing and rent prices are out of touch for most and the only reason I was able to buy a home a year ago was because I have no kids and no ex wife to rob my paycheck. Accepted the higher interest rate with the hope to refi later, and willing to put the work into fixing up a 960 sq. Foot house sitting on a few acres no family would be comfortable living in, lol. It's the perfect bachelor setup to shoot and hunt while close to everything. I'm not paying +60k for a truck though, I'll wait to pay cash or a CPO deal on the way after selling my 2020 Ram.
Wages not keeping up with inflation and the dollar loosing value are the real pinches on cost of living. We have seen some pretty radical inflation these last few years on about everything, but that is a bit of a different ball game. A modern XLT is for the most part far more luxurious than a well option obs or even super duty era truck. The only thing my 01 Lariat has that my 23 XLT work truck doesn't is leather seats. An an XL or XLT with some options is all I would every really need myself. I love older trucks and it's probably all I would drive but one issue keeps coming up, legal capability. The older trucks cannot legally haul or tow anywhere near what newer trucks can. I know I can put thousands of pounds of firewood in the back of any of my older trucks no problem, but the door sticker and law enforcement don't agree, and there is a lot of enforcement where I live.
Don't worry.. It's going to double again within about half the time now.. That's how badly inflation is accelerating. So you just seen that in roughly 30 years.. Prices doubled.. They will double again in 20 years or less now. Think about that. By 2040 to 2045 -- $200k trucks will be the norm on the higher end; just like $80k to $100k trucks are the norm right now.
If you want a new truck it's either lots of cash down to lower your payments to $500.00 a month, or 7 years @ $1300 a month, which most people can't even dream of getting, unless you live on credit and stay in debt all the time. Eventually sales are going to crash because there not moving the trucks fast enough. Lots of people are going to be keeping there truck a lot longer because they are financially cheaper to repair and replace worn parts to stay on the road.
Old trucks are great but if you use them side by side the new trucks pull trailers better then an old truck works unloaded. Ive used both at work and personal with a fair bit of upgrades and if you actually use your truck alot its no comparision at all. I got an older super duty and its great and cheap. Only thing stopping me from a new trucks is the payments
Now, how much would it be to repair that new truck when it has major issues once it hits 50k miles or less? Once your warranty runs out, every part is excruciatingly painful. However parts for the older trucks, even performance parts, are significantly cheaper and more reliable
Nobody talks about the base model trucks, they all want the upscale trimmed out models. Luxury interiors and options galore. Manufacturers are happy to provide that and usually that is the truck that they give to reviewers. I prefer the work truck with functional options and less electronic stuff that breaks too easily.
Good video. Rare in that it's informative but concise and draws a logical conclusion. However, I do think it's worth considering the value of the work being done... for my work and my hobbies older trucks are not only less expensive -they're simpler and less expensive to insure and repair. No question newer trucks can haul more and do so more comfortably - but if you're not hauling huge loads and you're not driving that far the arithmetic (in my opinion at least) is more about the value of what you're actually using the truck for. New truck price is hard to justify..
I don't think so, it depends what you want and what the dealer willing to negotiate, also modern gasser can meet 50-60% of what HD trucks needs. IMO I wouldn't get a diesel (old or modern) unless I'm making money with it. Also I noted you priced out a crew cab XLT SD instead of a standard or extended cab PS SD (which Ford still makes) to be as close to the '97 as possible.
Truck per dollar spent. The longevity of the new truck will not be supported by manufacturers as parts sourcing is currently bad for the manufacturing of these trucks. Couple that with the technology integrated within the drivability, I believe your overlooking the obsolescence to maintain any truck within the 2020-25 range. There are many components that are changed from year to year. The easiest to explain this, the body module that controls the tail lights/lane assist. It goes out.... it will not start. I had to source a headlamp assembly for a 2020 Silverado....... it took weeks and ONE was found on the west coast by a GM dealer parts locator. I’m in a flyover state. Dealers do not stock parts like they used to.
I drove my cousins OBS PSD around for a couple weeks when my diesel Liberty shit the bed. It drove and rode like a hunk of shit. There is just no comparison. There is a nice simple quality to these older trucks but the new trucks are on another planet in comfort, capability, power, etc. He’ll, a modern half ton is probably as capable as a mid 90’s 3/4 or 1 ton
Family owns an Auto Salvage business. We are busy. People are keeping their old vehicles and thats a fact. Personally, the dealer experience is such a beating I dont bother any more. I just go to auction. Id rather buy used and have to repair than pay 10k more than the vehicle is worth. I genuinely hope that the Dealer Network goes away and the manufacturers figure out how to sell directly to the customer. And as someone who has torn down thousands of vehicles, the fit and finish on new Ford Diesels is poor relative to 15 years ago. Everything is softer, cheaper plastic, cheaper timing guides, even the body panels are lighter. I guess it makes PDR work easier so theres that. The list goes on. I dont see these staying on the road anywhere near as long as the ones built in the 90s. And sorry, but you are wrong. Modern trucks just have less value than their predecessors. Everything from cost of ownership to the amount of Labor it takes to do any maintenance is so much higher. Mix in shorter MTBF numbers and the only real reason to buy a new truck is because you want to be seen driving it.
The problem is our wages haven't increased accordingly with the rapid inflation of everything around us. Especially depending on what state you live in.
Yeah it’s nuts how much more you get for the same inflation adjusted price. I had a Civic loaner a week ago that was nicer than my 2015 Audi A4 except awd, no lie. Inflation adjusted it was a tad more than my 04 civic with zero frills except AC, cruise control, vtec motor and electric windows. Night and day.
1997 i was making about $18 / hr as underground miner. now i make $32 / hr as pit miner. wages haven't gone up as inflation has. same goes for house cost, that's the issue Americans have.
....1200 ft lbs of torque.....and egr, dpf, and def. Which should be criminal. Bought a mint 2008 F250 KR for 6K with a blown up motor and built a motor for 8k....im in it for about 15k with other misc purchases. Hate on the 6.4 all you want but deleted, studded, and full rebuild = amazing diesel engine.
Why are there so many videos on how to fix problems with your newer truck ? (in this case Fords) oil pan leaks, roof leaks, etc. Not to mention transmission problems. Bought a new F-350 4x4 crew cab in 2002 paid $45,000 out the door. Just do routine maintenance, never had ANY of these issues,sitting at 442,000 miles and I drive her every day. Tell me about value.👍👍🇺🇸🇺🇸
Why did this comment section turn into dudes mad about new trucks. It was a great video and a great comparison. I was always curious about comparing the prices of new trucks to their predecessors and what you get in return. Very cool to see that you get much more bang for your buck. Also, people that don’t want to buy a new truck because they’re worried about getting gps tracked are absolutely crazy for thinking the phone or computer they watched this video on doesn’t track them. Give me a break lol
My 92 idi f350 gets better fuel economy than my dad's 2016 f350 with the 6.7, both are crew cab dually, he has the 6 speed auto and 3.73 gears and mine has the 5 speed manual and 4.10 gears, just something to consider if looking for a truck
Adding onto what @FreedomVendor76 stated: most income has not kept up with the rate of inflation, no matter what the politicians say. I still have my 1993 F150XL I inherited from my Dad. Still runs great. I have had several offers to sell it, but I can't afford to replace it.
Is the price of that spec for the 23 model what you would find at the dealership? Would it be difficult to find that truck for the price found on Ford's website? Would the situation have been the same back in the day? Just curious
I do agree with him. I have a f350 7.3 and I have yet to find something I couldn’t tow. I’m talking 35000 lbs +. Witch I’m sure goes for the new trucks to but still
I was hoping this video was going to be about the 89-93 W250/350's and D250's that white single cab first gen dually looked cherry... :) but I loved the info and footage regardless because my very first of my many diesel trucks was a 91 or 93 RWD single cab F250 automatic, long bed all white Old body stylin 7.3 power stroke it wasn't anything to brag about it smelled like work and a clean respectable elderly man who lives a humble life and that's what trucks were meant to be. love my current 24v 03 4x4 5.9 , 455k on the ol girl, second owner, but the honest mans chariot to good times and hard work. living right and controlling our egos. being a kind human being. that's what trucks represent to me now and that's the end of the story. bless y'all and keep diesel trucking till the world is dust.I'll never waste 150k on a new computer and iPad on wheels called a diesel simply cuz its burning green juice but also that blue Def shit can shove that up there dump chutes and ill keep my mechanically superior machine and repair it until the parts are illegal to get cuz of planned degradation by the cult leaders running our consumerism programmed reality.
Thanks for the video! Although I would add something about reliability. That plays a huge roll as well. Correct me if I’m wrong, but these new trucks are not near as reliable.
Too bad wages haven't kept the same pace as inflation. Back then anyone working a tradesman job could buy a new diesel truck and drive it off the lot. Now, we gotta pass around high milage trucks while the CEO's buy the nice new trucks.
Want to see a video that covers the cost of ownership and how far your dollar goes buying an older used truck vs new? Check this out: ruclips.net/video/Cdv-JXjnJhA/видео.html
Video: Trucks are actually no more expensive today than they were back in the 90s
Me: My 2024 income can't even afford the 1997 prices 💀
Hear ya there. Still kicking myself for not being a rust free 7.3 pre covid
@39ctg there's a relatively rust free extended cab 7.3 obs by me for 5k. I just don't have 5k to buy it.
@@jerodwolford2743 where
Thats what he isnt taking into account. Wage stagnation means the truck while adjusted for inflation seems similar it takes more of you time and work to actually make that purchase which displaces your ability to feed your family. On top of that food and daily goods have inflated far more than vehicles so your dollar isnt going anywhere near as far even when adjusted using bullshit inflation stats. CPI is a false metric.
I think that a very valid points. Donut talked about how the cost of vehicles are going up but wages are not increasing at the same rate.
I'll just keep my 97 powerstroke, it's payed for.
And U don't need the dealer to fix it.
Lol payed
@@xXBuckOFiveXx that's why he can only afford a '97 truck.
poor man
@@averageyoutuber_4872 Most legitimately wealthy people drive older vehicles. Most people who drive new vehicles are broke. If you're making payments on a vehicle you're poor, and the fact that you're making interest payments on a depreciating asset means you aren't financially savvy. Unless you're buying a truck for a business that makes you much more money than the truck costs, and you can deduct the costs on your taxes, you're making a bad financial decision.
Forget pricing(which is insane), gps, black box recorders, and personal data collecting keep me well away from the market. Old Trucks all the way!
prices haven't changed since at least 2000.
Right there with ya brother.
Tf is wrong with gps
Brain rot
You would be amazed how many ppl don't realize black box and data collection is a real thing..
I can replace my engine, trans, and suspension with reman parts with warranty twice and still doesn't touch these new truck prices. I was born at night but it wasn't last night.
Maybe because you bought it for 2k and it’s an old miled out pos
Still better than buying for 90 grand 😂
You would have to have a business grossing at least a million a year for a truck like that to make sense.
I just rebuilt a 95 7.3. Financially it made zero sense, and at the end of the day I still have a 30 year old truck that’s going to have little gremlins pop up over time. If value your time at all and you consider the amount of tools and equipment you’d need you’re not saving any money rebuilding one of these old rigs. Is it cool? Yes. Do I love it? Yes. Would I do it again? Absolutely not.
@@Westerner_ I get it. Shits outrageous unless you can figure out how to make more money. Even then the depreciation of vehicles is stupid outrageous. Most people don't make 90 grand a year PRE TAX. That's a whole year of your life GONE for a truck. People don't think like that though. So your reduced to buying used and hoping for the best or trying to figure out how to game the system for more money.
@@SamLee-ds7fiyou don’t have to pay $90,000 for a new truck. Yeah a platinum or a loaded lariat with a diesel maybe. The thing is a new XL trim comes with more standard features than most higher end trims were 15+ years ago.
I was just at ford getting my company rigs oil changed and was looking at a 24 xl f250 I was blown away at how nice the interior looked and had a huge screen with power windows despite being a base model base trim. MSRP was 60, of course the salesman came out asking if I needed help I said look I’m not here to buy a truck, I’m just getting mine worked on but realistically what would I expect to pay for one like this? He said you could get into one for about 55k, that was a crew cab 6.8 gasser. I know everyone wants diesel power but I personally don’t think it’s necessary for 90% of the guys buying them. The new gassers with 10 speed transmissions will pull whatever you put behind them as quickly as you want within reason and saves you 10k right off the bat. I regularly pull 14k with my 2020 6.2 in the cascades without any issues.
I have several people close to me in my life that can write a check for a loaded platinum and not even think about it. The average guy with kids, a mortgage and median income has no business buying one of these luxury trucks.
This speaks to wage stagnation over the last 25 years, whether it’s vehicles or housing, an average wage got you a hell of a lot further than it does now.
Thank you for factoring inflation and being intellectually honest, instead of just complaining about greedy corporations like most these days. Don’t blame the companies, blame your government and the Fed.
Nailed it!
Very well said, Good video. The problem isn’t the price of trucks now but more about Job raises not keeping up with inflation
Blame Congress too. They have all had absurd bs rules every couple of years for automakers. Like mandatory back up cams, as if you don’t have this cool thing called a neck and spatial awareness. That then requires a screen, and the companies go, well if I got to put in a screen, then I might as well add all these other bells and whistles, etc and boom. Out of control options you can’t opt out of.
I have two almost identical trucks. Both 4x4, auto, diesel, and Megacabs with fully optioned out Laramie interiors. But one is a 2007, and one is a 2015, and the difference in the two trucks is insane. My 2015 stickered for $64,900 the 2007 stickered for $42,000, adjusted for inflation they're pretty much the same. The problem isn't new vehicle pricing. It's the fact that the dollar is worth less and few people are actually receiving an increase in wages consistent with the decrease in value.
1000% accurate. My 2020 runs circles around my 06, but neither is fun to buy!
@JustDiesels Buying a new vehicle is always gonna be a significant purchase, but my 2015 is a better truck in every way. My 2007 doesn't compare to it from a utility standpoint or a creature comfort standpoint.
So your using a 10yr old truck as a base . Now go sticker a 2025 compared to your 2015.
@jeremymyers5643 I just did on the Ram build and price website. 2025 2500 4x4 Megacab, Laramie, 6.7 Cummins and I chose the Laramie level 2 equipment group, Night Edition, Offroad Package, and Tri-Fold Tonneau Cover. MSRP of $85,485 went to the inflation calculator typed in the numbers, and it's actually cheaper than my 2015 was. $64,900 in 2015 has the same purchasing power as $86,127.35 in 2024. And I've test driven a few 5th Gens, and they make my 4th Gen feel like an outdated truck while making double the torque and towing more than double, thanks for proving my point.
Exactly. There is a huge problem when a brand new average diesel truck costs as much as your yearly salary. Something is deeply wrong with that. I hope we can all turn this thing around..
the plan is to run the 01 cummins 6 speed for life at this point. i don't care for modern trucks, not the price, not the jacked up height, not the crammed engine bays, not the low profile wheels, the surveillance, the complexity. time to go cuba on old trucks.
I'm right there with you.
I'm stuffing a 12 valve and a 6 speed in my OBS planning to run it till I die. The power numbers on the new trucks are cool but he's failing to mention how often the electronics fail and the new ford 10 speeds fail.
@@bain90000 Also old trucks seem to do most towing jobs just fine. Why need to upgrade and justify buying a new truck.
Agreed. I'm going to run my 2005 Ram as long as possible too. She has 240k km on her now or probably 150k miles. Even worst case she shoots a rod out the side and I have to put a whole new reman engine in for 15k or maybe 3k in a new diff or whatver, a new crew cab is at minimum going to cost me $55k for a base model that isn't much better than my loaded 05 and definitely won't be a Cummins for that price....not that I'd want to touch a new diesel with a 10 foot pole with all the emissions nightmares.
Same here, I have a 92 12 valve cummins I'm planning on running forever.
Back in 97 there was not 7 yr notes at a 1k a month not counting the insane insurance premiums. Inflation is the reason for the increase the problem is wages never kept up with inflation.
actually counting inflation household income has outpaced inflation.
@@davidporter7051 Let me guess your a car salesman? What is your numbers to back your claim?
@@RustyShackle-v9u I'm doing the research for you. Mouth breathers need to learn think and research facts for themselves.
@@davidporter7051 mouth breathers lol ok just wait when the markets crater and the automotive industry is crying for another bail out. No one is buying there shit unless there taking on massive amounts of debt the everything bubble will burst.
@@davidporter7051You’re actually wrong, entirely. Look at the median income and house prices in the 90s and 80s and compare them to now. It’s staggering how far income has fallen behind inflation. Lmao I bet I could guess who you’re voting for hahaha.
Those 20 years of innovation would be astronomically better without interference from the EPA. I worked on an overseas project and we purchased 50 F250 new trucks to overseas specs, no DPF , no DEF, from the Ford factory. Ford can and does make 6.7 Powerstrokes without EPA junk for overseas and military.
It’s sad when Ayatollah Isis can buy a better new Super Duty than we can.
I call BS... I have a 06 Cummins and a newer 23 Cummins. The newer has better interior and that's about it. I totally regret my newer purchase.
The power claims are a HUGE selling lie. The 06 with a smarty jr, out pulls the newer 10-time fold. Also, what really pisses me off the most is the millage. The 06 towing my 5th wheel was getting around 19mpg. The 2023 with the same trailer gets between 9 and 12mpg. Also, with the newer I now have to buy DEF and the older one I didn't.
The 06 coast me close to $40 grand out the door and the new 2023 coast me $97 thousand. I feel I didn't get my bang for the buck. I feel like I got a RAMed in my ass.
So, to me they didn't step forward they stepped back Way Back...
I'm about the same xcept I have a 06 and 22 my 06 has some mods but nothing too crazy I went with the dependable upgrade route with a choice of 2 tunes that are probably fall a little more on the crazy side when it's put on the xtreme tunes but that's for a lil fun when one needs it my 06 gets 19-22 depending on how heavy it's loaded and the 22 gets 8-12 with same loaf and I hate dealing with the def fluid problems which in my area isn't always available due to not very many places to get it wher I live without driving 1.5hrs to the nearest major city
@@mikemccabe7124 Yep, where wearing the same shoes. Everywhere local is always out of DEF and Local Fuel stations that sell it are twice the price. I have to order online. A big pain in the A**...
I would like to respectfully say 19 mpg towing a fifth wheel is a lie. You must be only going down hill at 5 miles a hour. 14-15 maybe. Go look at forums aint no one that actually hand calculates their mpg getting 19 while having a brick that hangs 6-7 over their cab getting 19.
Can you do it with deleted kit?
@@rocklow243 "Respectfully" calling me a Lier does not go hand in hand. Whether you believe it or not it doesn't matter to me. I have no reason to lie as there is nothing to gain or lose.
The 06 does average 19mpg towing and that is towing 14,000 lb. When I had compounds on the truck it averaged 22. Of course, there is a lot of goodies added to the truck to accomplish this. And the truck passes emission with these add-on's. If you read the other comments, there are others with the same mileage as me. Now with the 2023 truck and all the emission crap which is killing the mileage and power. I'M sure I can spend the money to add on and delete to try to accomplish the same results. Maybe, I don't know... However, I live in California and would never pass emissions doing this to the newer truck. The point of the argument is the Bang for the Buck. With the newer truck you do not get your money's worth.
3 things I ask the dealer when deciding to buy a work truck. 1) how much is the headlight assembly if I hit a deer? 2) How much to replace the exhaust system? 3) What is the reliability of the drive train? I usually walk away.
Love your stuff, but in a conversation about economy you missed 2 importand factors. First fuel economy, I know these trucks compared dont have much different but compared to an older cummins, 8mpg is huge. Second you need to factor in purchasing power. Sure inflation has increased significantly, but whats more important is purchasing power. What one can actually afford resposibly. The average income went from $38k to $48k in these 20 plus years. That would mean the F250 should be closer to $44k. And we haven't even brought up increase in maintenance yet. I sold my 2023 cummins and bought a 2006 cummins. Droped a toyal of $25k after a full rebuild bumper to bumper. Almost as much HP as the new trucks and 22mpg. No emmisions garbage and minimal maintenance.
Nice. I'm currently getting rid of my 2020 Duramax and just got an 06 Cummins manual. Everything works but it needs a chain in the transfer case and zero rust. It's going to be with me forever because of the costs of newer diesels. Especially repair costs and emissions systems. My 5.9 probably won't be touched for another 100,000 miles.
your economics skills are lacking. in 2004 the median household income was $57500 or about $97000 today... Today the median household income is $104000.
@@davidporter7051 That is incorrect. The U.S Census Bureau reported a median household income of $74,580 in 2022, with estimates showing it to only be $78,121 for 2024. In 1997 it was $37,005. Interest rates are comparable across credit quality in 1997 compared to 2024. $32k for a truck at a median income of $37k is 86.47%, while today $68k for a truck at a median income of $76k (leveraging between last verified number from census to estimate for 2024), and you are at 89.47%. So, the real cost of the vehicle is a bit higher than the rate of inflation. However, overall it is negligible. The main reason that vehicles feel so outrageously expensive is primarily because consumers are spending more of their income on other expenses at a significantly higher proportion to their income than we were back then. Groceries are a considerable expense now compared to 1997, but more than that is the cost of housing for anyone that has had to buy a house in past 4-6 years. In 1997 the average price of a home was $146k or $288k in 2024 terms. The average price of a home today in the US is $412k. Even with interest rates 2% lower than 1997, the price is just out of the water compared to 1997. Additionally, the average home insurance premium in 1997 was $400-$600 or $780-$1200 in 2024 terms, while today the average home insurance premium is $2400. So, the cost of housing today is compounded out the wazoo compared to 1997 and absolutely crippling Americans. While cars are still relatively proportionately the same real cost to consumers, they are more of a difficult cost to incur since other primary costs are so much more burdensome.
@davidporter7051 you seem confused... are my economic skills lacking or is it your reading skills. At what point did I use the terms "median" and "household"? Also, the years in question are 1997 and 2024. Don't conflating your inabilities with mine, textbook projecting, bud.
@@CasuallyAuthentic it's very simple the facts and figures are readily available, so bisch research. It's that simple but it appears that you do not possess this ability so therefore it's not projecting you simply have a feeble mind. Do I need to use a coloring book?
At this point you can source a new engine and trans cheaper than a new truck and just put it in the old truck several times over.
1996 fully loaded was $30k 20 years later 2016 fully loaded was $65k in four years fully loaded got up to $90k plus for a far less reliable truck. They are not similar with price. More technology doesn’t equal reliability or a cost that high. You aren’t getting what you pay for in the slightest. Plus cost of repair and maintenance is three times the price when parts go out. A mirror alone is $2,000
I don’t completely agree but I would like to see this guy do a video about reliability and maintenance cost
I was just having this conversation with my son about this yesterday. If my 08 F350 ever went belly up I'm going to have it rebuilt and go through the entire truck; drivetrain, paint, etc. instead of buying a new one.
I just wish these full size American trucks offered a manual transmission . 2019 was the last year for dodge . I’m happy with my white 01 dodge 2500 quad, shortbed Cummins 6 speed manual with 137k. I have window sticker $36k that year . Clean,pristine condition running on 35’s w revolver style wheels . Thanks for sharing.
Got a 2006 dodge ram 2500 mega cab and I would buy this truck over all these new trucks even if I had the 100,000 to spend on one no sense in spending that much on a truck when you can get one that’ll last you twice as long and still get good mileage
I spent almost $100k cash 1.5 years ago for a brand new cummins. After a year I dumped if as the maintenance and fuel cost was ridiculous. I bought a 2006 cummins and dropped $25k after a bumper to bumper rebuild. Not only did I pocket $75k, but what I'm saving in a years worth of maintenance and fuel cost is equal to what people are paying for a new truck loan. Having a conversation about inflation means nothing. It's about purchasing power.
I have a 2006 3500 mega cab. Won't trade it for anything.
The price of the truck adjusted for inflation has not changed. What has changed is people's earnings have not kept up with inflation, thus their buying power has decreased. New trucks are not more expensive, everyone as whole is just getting poorer with decreasing standards of living.
not true at all.
Keep voting Republican if you want the trend to continue.
Not true. Ppl are wealthier than ever, they are just bad at spending. Who do u know who doesn’t eat out a few times a week? Get Amazon delivered to their door almost every day? Work 40 hrs and go home and watch and surf the web all week and weekend
That is totally false! If you looked at other models in the last 5 years the price increases are no where near the price increase of trucks. For Chevs for instance a 1500 Silverado RST was 48 to 54 5 years ago now they are 68 to 76 thousand dollars? But yet a loaded Blazer Premier was 54 now they are 59 thousand?
Where is the inflation? Trucks have become priced out of most eveyones budget.
@@kennordsfan1494=totally wrong. A well optioned RST was $50080 in 2019 which is about $64000 today. A well optioned RST is $56000-$64000. Your statement needs correcting.
I bought that white OBS in your video brand new but was red and an XL but otherwise the same truck for 27k and it cleared 20mpg with ease. A guy at work had to have it in late 99 so gave me almost 20k for it and I bought a new 2000 F350 with every option they offered aside from duals and paid 40k. That thing wouldn’t beat 16mpg no matter what. An old timer at work asked what I paid for it, I wasn’t even 30 yet. Told him 40k as I was proud of that price and proud of being able to afford that nice of a truck at that age. HOLY CRAP!!!!! He says, my first house didn’t cost that much kid!!! I remember thinking I just paid 100k for my first house and there’s no way a truck will ever cost that much, wow was I wrong. So here’s a few things to take away from this, OBS to Superduty didn’t really change much in price even thought the new Supers were the big new gotta have on the block. In 2013 I bought a new 150 Platinum for mid 40s brand new and a gasser Superduty was about 10k more. Now they’re the same damn price but just as equally equipped then as now. So that’s peculiar. Lastly almost 30yrs ago a kid in his late 20s could afford a house and the fanciest truck out there all as a laborer for a construction company. Now there’s not a chance in hell of that. Yes inflation is a big part of it but so is corporate greed. When just working men bought trucks they were working man’s prices, once the trucks started getting fancy and the yuppies all wanted them the price started climbing. Same thing happened with the Harley’s. Once corporate figured out they could charge more because the newer clientele didn’t care about price, the price started to climb
I've never been able to afford a new pickup, I think I remember my friends buying 96-97-98 Dodge diesels for around 20k. I realize epa kills diesel, wish we could have a bare bones diesel again
I bought a 2020 F350 dually and have been impressed with the power and how it handles my 40' 5th wheel. If the government would quit mandating the stupid emissions equipment we would have pickups that would get substantially better fuel mileage, power and longevity. But they obviously desire to force us to buy what they want us to have while trying to make us believe it is all for our good. I'm tired of being manipulated.
I think you missed one important point Just Diesels;
The cost of living,
buying that truck at the equivalent of today's money "$68k" back in 1997 is far different than today, your mortgage in 97 was far cheaper, insurance, health insurance, food, and utilities, life altogether If you adjust the price to actual real-world cost of life, that's when the Diesel is an arm and leg.
Well said Andrew. You laid it all out very well. Only extra item I'd chime in with is the difference that inflation has made, meanwhile the average wages have not kept up with inflation at all. Which combined, exacerbates the sensation of skyrocketing prices.
They sell at that price today because people are willing to buy at that price and go in debt for it. The old saying, what's my vehicle worth? What someone is willing to pay for it. Back in '84 a Cadillac Eldorado Biarritz top of the line was nearly $30K. That was a lot of $$$ back in '84 and people bought them. The same E body Rivieria or Toronado and in fact had a better engine sold for way less.
I priced out my 6 rear old ram dually with pretty close spec and it's 25k more than I spent 6 years ago. They haven't changed that much. Ever since covid they made excuses why trucks are high and as soon as that problem gets solved they keep making b.s. excuses. Don't get to upset with me, it's my opinion. I do enjoy the vids.
But I will always argue the older trucks ride just as good and are way more comfortable than newer trucks. Can't beat them old cloth bench or bucket seats.
Drive an obs ford and say that... The ride is awful with the front leaf springs
That was actually eye opening. I really thought trucks had outpaced inflation, but when you consider the capacity, plus the emissions equipment and safety stuff (multiple air bags) cost money.
Seems like dealers rarely have the basic trucks in stock. I also wish one of them would offer a worthy manual (say 5 with a splitter) but it’s minute segment in the market probably not worth the development. I also wish heavy pickups weren’t immune from posting mpg estimates. Yeah they wouldn’t be realistic but are useful for comparison. I think a lot of us would rather get 4 mpg better mileage than be able to get a speeding ticket towing 20,000 up a 7% grade.
Lastly, really disappointed at Cummins for going to hydraulic lifters. I doubt they will have hundreds and hundreds of thousands of trouble free miles the rest of the engine is capable of. Long term a bit of chatter or skidding the roller before they pump up on startup I think will prove problematic to the rest of the valvetrain- just to avoid the simple and quick chore of checking lash every 100 to 150,000 miles.
Always loved the 2011-2016 superdutys. Would love to get a 6.7 but man if something breaks it gets sooo expensive. The electronics and fuel systems are just too much for me to want to deal with. Ive noticed a lot on marketplace too with blown engines
Yeah my 7.3 with 350k runs like a top. It tows, it has Bluetooth and it has been rock solid since I've owned it. Best of luck with the new trucks.
I think the main issue here isn’t really pricing or the current cost, but it really is the options. You can’t get the minimalistic work horses, that come with the inherent reliability and dependability of a basic tool. The only trim level available for a 2024 Ram 2500 that can be acquired with a single cab, is the Tradesman. And the tradesman in a single cab is not available with the Cummins. Similarly, you cannot even get a 1500 in a single cab or long box configuration. Not to mention, even the tradesmen comes with thing like Bluetooth, AC, electric windows, automatic transmissions, extra safety features, power locks and windows. Lower income buyers have simply been priced out of the new truck market. Hell even newer commuter cars are going for $35k and up. And anyone, like myself, who prefer these more simple and old school type of vehicles, is really only left with two options. The first are old rust buckets with more issues than they’re worth and 300k miles. Or the second option are 20 year old garage kept specimens which are currently going for the price of new trucks. It’s just not a fun position to be in for the large group of consumers who feel they are force fed expensive and over-featured vehicles that they really just don’t want or need.
Old truck prices are going up too, if you get one with low miles and isn’t driven into the ground already. It’s all car market in general that is outlandish. You have a point, with inflation, people weren’t making the same money they were in the 90s as they are now either. That Old school truck is super nice. Buddy of mine had the 4 door like you mentioned, also in white. These were pretty common back in the early 2000s, now they are gems on the road.
This is very good example of how crazy inflation has gotten. Whats ineresting is how this trucks price compares to the trades men or contractors wages that would buy it.
I bet it’s not too far off. With the lack of new bodies going into the trades, the ones left in those fields are making damn decent livings where I live.
Tradesman here, 25 yrs exp. The new trucks are 2x my annual pay, I was denied the loan.
keeping my 04 dodge dually. It's paid off. There is no way I am willing to buy a new one. They can rot at those stealerships.
6 figures for a truck??!! its insane! That's reaching property prices. Just for a truck. If people just stopped buying these 6 figure trucks, they would eventually be worth $50,000 brand new. We are causing this, by buying them.
5 years ago i bought a brand new ram 3500 tradesman with cummins and aisin. $51,000 after taxes
That’s cus it’s so easy to get into debt for one. If they heightened the qualifications to get a car loan anywhere near what it is to get a house car prices would drop
Well again, the 100k ones are the non-work/utilitarian luxury top trim models, the cheapest that you can get a base diesel for, ( depending on your dealer ) is around 50k
Also I need to tell you something of critcal importance!
I care about you as a person, and ( just know that you are listening to a hypocrite telling you these things I'm about to tell you; I don't honor them always as I should ) I very much urge you to listen to this to the finish: The scriptures tell us that Jesus Christ died for people's sins- I speak for all who are children of God through faith in Jesus the Christ and His gospel, which can be thought of as being the story of Jesus's life, His purposes for being sent, and what He accomplished to win our salvation: now receive the knowledge of this truth: that our nature is sinful and that we have transgressed God and owe Him a debt of justice to be repaid; ( being hell; just forget your human logic behind justice ); we all are sinners and by default are due for the judgement of our sin, but with God's remarkable free gift of justification and forgiveness, with the work of Christ's life, the death+punishment and resurrection from the dead, being the "means" you could say, for this salvation of ours (the believers) to be won for us: whoever will have their faith ( and, according to my interpretation that this is not just a hearing of the facts, and claiming to yourself or to others "I believe it" with your mouth, and doesn't cause you to live according to the life Christ set out for us; but this rather is a faith that cries out to God "have MERCY on me!" and depends on Him ( Jesus and His finished work ) as your only hope for forgiveness and being saved, that through Him, you'll be pardoned from the Judgement of your Sins by God, because of His finished work, in what He came into this life to do, and you be reborn, ( a change of heart about your life and reality with your new knowledge of the truth, the truth that sets you free ) and be saved! Now, being a believer is not wearing a cross chain or putting a cross bumper sticker on your car or reposting some Christian meme on your phone; in fact there's so many people who *think* they're Christian, but they're living a lie, and that's scary. Faith without works is dead, and although we are saved by faith alone, the faith that SAVES is NEVER alone; thats like claiming you trust someone to catch you, but you won't do the trust fall to let them catch you; now if you believe Jesus, live according to the life he set out for us. ( we won't be perfect at it though ). Upon believing, once God marks you as His Own with the presence of the Holy Spirit ( the Spirit and power of God) in your heart, which will dwell within you!, this will bring about a life, bearing fruits for God! And you will be reborn as a new creature! With a renewed heart, no longer being a slave to your own sin but now walking by the Spirit ( described by the Bible as being a Comforter, Teacher, and Convictor of your sin to your conscience ) and not by the flesh (the will of your sinful self, and passions contrary to the things of God). Basically in simpler terms that with being born again, with the Holy Spirit entering you forever, the Holy Spirit will influence your conscience/heart, prompting you away from walking in the deadness of the ways of your sin ( albeit, we won't be perfectly successful at it in this life; the Bible says that the Spirit is willing but the flesh is weak; the Spirit and the flesh do battle against each other in the being of a person; we won't go on to be sinless, but surely we will sin - LESS, because Christ came not only to save us from the consequence of sin, but also from the power and influence of sin as we live out our lives ); repent your sins! Repent. Turn away from your sins ( again, I am hypocritical for saying this because I can always be better at honoring all these things I'm saying ), but dont take lightly the knowledge of the things of God and the chance you have to be saved in this life! Repent and believe in Christ and Christ's Gospel! Amen, i hope all who read this have a heart to hear; eternity is ETERNITY, and this life is NOT eternity; it's like a vapor in the wind; and again, the whole overall theme of everything I'm saying is GOOD NEWS- that's literally what "gospel" means, good news! We HAVE a savior! The Son of God Jesus Christ! What a glorious thing! And a strong hope for eternal life! There is no condemnation to those who are in Christ Jesus; they have passed from death ( and hell ) to life!
My prayers and best wishes to you all who read this,
Grace and Peace from the Lord Jesus Christ and God the Father be with you!!
❤
A well-equipped Chevy RST with a baby Duramax is right around $60k without negotiating. More than enough truck to pull most bumper-pull TTs two or three times a years like most people do. 20+ mpgs when daily driving. High 20s on the highway. No bad all things considered.
I actually ordered a 1996 F350, crew cab, manual transmission, 4.10 gears that I own for 18 years.
Several years ago I wrote an article comparing my 2014 Ram Tradesmen to that same 1996 F350, including using CPI numbers.
As you said, the features were similar, the price between the 2014 and 1996 were comparable, and newer trucks are nicer, drive better, and are generally more comfortable. Emissions complexity is the trade off.
Newer trucks are "Nicer" but the trade off is that they are often more complex. I don't need a truck that has heated seats, 14 different cameras, screens built into the back of the front seats, the "Connected Driving Experience" with WiFi to pair with RUclips and Spotify, et cetera.
I remember in 06 when the price of a new truck seemed unobtainable and now in 2024 the price of a new truck still unobtainable. Good thing I was able to eventually afford a used 06 Ram 2500 4x4 5.9 with a G56. I still have it. Plan to keep it.
apples to apples they’re not much above inflation tbh, imagine how much less the engine would cost on the 24 without all the emissions bs.
The new fuel systems are the most expensive parts of the whole truck.
I can only speak for myself but I’ve been a Ford guy since I bought my first 7.3 in 1999 as a personal truck. Bought another 7.3 in 2002 as a service truck. Utility bed on it etc. I’ve had those two diesels that lasted through the 6.0 years then I traded my 99 for a 6.4. Huge mistake. I hated the 6.4. Constant problems not as much power as the OG powerstroke. Currently I have a 2015 6.7 service truck and a 2019 personal truck. I’m almost to retirement and they’re so expensive now I’m done buying them. Great video young man. 👍🏻👍🏻👍🏻
Lesson of the story. Truck isn't the issue, the federal reserve and inflation of the money value is the real issue
Another lesson of the story: How we've become a throwaway society where nothing is made to last anymore, not just trucks.
Yuppppp
I literally have zero desire to buy a new truck. Nothing about them says wow look at that, wish I could have that. I have over $100k in investments plus other things like a house, cars, trailers, etc- I could easily have it if I wanted it. They're just stupid. If a manufacturer started selling a RELIABLE, capable, and efficient diesel truck that had a vinyl floor, standard transmission, fold up center console, and just basic creature comforts- I'd be all over that like shit on stink. Some luxuries I do believe add a lot of value to a vehicle are heated (cloth) seats, nice looking aluminum wheels, keyless entry, push button start, auto climate control, and a screen with wireless Android auto. All the other crap is just garbage. Let's go ahead and change transfer cases back to a physical linkage too. Everything that is unnecessarily electronic or computerized needs gotten rid of. You don't need a digital dash and all the touchscreen controls. Make something that will work in 20 years and be easily replaceable, not just something that looks cool for today's wage slaves. The stuff from today just doesn't impress me at all. If you could engineer a product that is easily and affordably repairable and is as simple as possible- to me that's good engineering.
Few things that also should of been mentioned. The average income in 1997 vs 2024. Yes if adjusted for inflation new trucks aren't more expensive. But there not as affordable as they were in 97. And quality and longevity of the new vehicle isn't as good. the new truck with all its unnecessary electronic garbage isn't going to be working in 30 years. Take that 2024 and the 97 park them and come back in 27 years with only they keys and new batteries. I guarantee that 2024 will never run again. But that 97 even though it has 250,000 miles on it been sitting 27 years and is 27 years older then the 2024. It will fire up
If you look at what MSRPs from the 2000s, account for inflation they’re close to or under what they theoretically should be.
We’ve just been through a period of very high inflation though
Advancements in manufacturing have made it significantly cheaper to build vehicles.
The problem is over regulation that forces trucks to be giant, over complicated monstrosities. As well as back room deals with the auto unions to shield them from competition.
You can buy a brand new striped hylux, with a diesel, for 14k, just not in the U.S.
Any of these new trucks almost guaranteed to last as long as my 7.3s?
One van has 410k
Other van had 310k
I use both to tow my 30ft 9lb travel trailer.
Yes new trucks are much better but much more money and will not last near as long (planned obsolescence)
Easy. There are hot shotters all over with way more miles than that on newer trucks with nothing other than routine maintenance.
Fiannly a real video on this subject not just autistic screeching without understanding advancement and inflation.
My 2008 duramax does everthing my Dad's 2021 duramax does. Except it gets better mpg with bigger tires, and it only cost me $11k cdn not $80k cdn
It's so simple I can fix it on the side of the road with a basic socket kit and a couple screwdrivers
Kudos to you for keeping an open mind and allowing your opinion to change from a rant to something more complex. I agree, new prices are extremely high but the trucks are insanely capable by comparison. Like it or not, we have naturally aspirated gassers towing substantially more than the turbo diesels of the past… and that’s pretty damn cool.
Prices are on par with inflation. What isn’t is actual purchasing power. I was born in the 80’s, and during that time, our parents generation had 86% more purchasing power, which translates to the dollar going further. Inflation is a compounding problem, and the higher it goes, the harder it is a stretch a dollar. People got use to easy lending and living on debt. Basically buying based on a monthly payment, not that you could actually afford it. Easy to get loans helped to justify the rise in total cost, because you can play with loan terms to reach a desired payment, while making even more money. This extends to credit cards as well. The market is still adjusting, because like us, the manufacturers are coming to grips with this reality. Basically, if you cannot go out and buy something cash like your grandparents had to do back in the 1950s/60s, you can’t afford it. We gripe about how in debt our government is while we live the exact same way. Payment to payment. Financial literacy isn’t really a popular topic in the US, and it shows.
I have one of these trucks. A 2024 Super Duty Diesel 6.7 high output. It cost a lot of money. My last ford diesel I had for 19 years. The one before that, 5 years. Never had a new vehicle in my life, except for a few dirt bikes. Spent 10 years in the US Air Force making no money. I worked hard in my life to where I could pay cash for such a truck. I bought this truck to tow. I’m 62 and Yes this Truck is Worth It!
The BIGGEST problem is that income levels haven’t kept up with inflation!!!!
Trucks are much larger today as well, I'll take the 97
Great video brother!!! Can't wait to see what else you have!! You, us and our boy should all go out for a little camping trip soon 👀
Interesting that at the high end of capability the inflation adjusted price is very similar, but usually the complaint I see about truck prices is that smaller cheaper trucks just flat out don’t exist anymore. There isn’t a modern comparison to, for example, he old Rangers. I can’t get a small truck with a full size bed anymore to do some medium hauling, I have to buy something bigger with more towing capacity etc than I actually have any use for.
In terms of towing, may I suggest a video on Towing loss to raised trucks and adding bigger tires.
Right! Nobody accounts for inflation and just complains of how much the new trucks cost. They costed about the same when new it's just the value of the dollar that changed.
I actually got caught off guard with this. Just like you i was expecting that the cost would be way different even including inflation... however what's crazy is that income hasn't met and stayed with inflation. But as you said that is a completely different topic.. Crazy. Awesome video as always man
Yeah we could go on for hours about that, but just looking at the truck I was blown away by the prices being the same!
Good point on adjusting for inflation. This is something we forget when looking at the sticker price
The emissions standards for diesel engines enacted in 2007 and 2010, required manufacturers to research and develop the EGR systems to meet the new government demands. Along with the upgrades in technology wizbangs, the constant software updates and firmware management means a fulltime staff to code and maintain the systems. None of these were around in the late 90's or early 2000's. Consumer demand for tech upgrades and government interference contributed mightily to increased costs.
Another great video great job and very interesting perspective. Thank you.
Very interesting video. Good information. Just wish those trucks had cheaper options with waaaayyy less tech
That 97 looks so clean!!! Would love to own one of these! Had a 96 bronco xlt and I really miss that thing.
Compare a 10 year old 2014 to a new 2024 platinum. Basically, it's the same truck. Same 6.7 diesel engine. $53k versus $103k. The price doubled in just 10 years. Median family income has only gone up 14%.
The 96 OBS 7.3 5 speed and the 04 Cummins look real nice in my driveway. Haven’t paid a payment in over 20 yrs which is also nice. The new ones look nice but have officially outpaced my desire for new on price alone.
Comparing early 70s truck prices to the mid-90s, prices would look pretty similar for % increse. Tracking pricing since the F350 was created would be a very interesting.
Another thing is that 97 powersroke is selling for probably close to the price paid in 97 but the 2024 will depreciate at a faster rate
@Just Diesel, I somewhat disagree. Though one might get more hp for the money, the issues I see with newer trucks is twofold as it relates to longevity/useful life. First is using lower quality materials to help achieve some of those HP/Towing numbers. The other issue is a more heavy dependency on computers. With the trend of more subscription services and planned obsolete, I would rather have an older truck.
most people dont use their trucks for work, they use them for commuting. a mid sized suv would be more practical for most people, while still having a decent towing capability.
The dollar has substantially less buying power now, there's just no other way to look it. Housing and rent prices are out of touch for most and the only reason I was able to buy a home a year ago was because I have no kids and no ex wife to rob my paycheck. Accepted the higher interest rate with the hope to refi later, and willing to put the work into fixing up a 960 sq. Foot house sitting on a few acres no family would be comfortable living in, lol. It's the perfect bachelor setup to shoot and hunt while close to everything. I'm not paying +60k for a truck though, I'll wait to pay cash or a CPO deal on the way after selling my 2020 Ram.
Wages not keeping up with inflation and the dollar loosing value are the real pinches on cost of living. We have seen some pretty radical inflation these last few years on about everything, but that is a bit of a different ball game.
A modern XLT is for the most part far more luxurious than a well option obs or even super duty era truck. The only thing my 01 Lariat has that my 23 XLT work truck doesn't is leather seats. An an XL or XLT with some options is all I would every really need myself.
I love older trucks and it's probably all I would drive but one issue keeps coming up, legal capability. The older trucks cannot legally haul or tow anywhere near what newer trucks can. I know I can put thousands of pounds of firewood in the back of any of my older trucks no problem, but the door sticker and law enforcement don't agree, and there is a lot of enforcement where I live.
Don't worry.. It's going to double again within about half the time now.. That's how badly inflation is accelerating.
So you just seen that in roughly 30 years.. Prices doubled.. They will double again in 20 years or less now.
Think about that. By 2040 to 2045 -- $200k trucks will be the norm on the higher end; just like $80k to $100k trucks are the norm right now.
Wild to think about but history says you’re right!
FINALLY someone who understands inflation and the difference between apples and oranges makes a video about truck pricing. THANK YOU
If you want a new truck it's either lots of cash down to lower your payments to $500.00 a month, or 7 years @ $1300 a month, which most people can't even dream of getting, unless you live on credit and stay in debt all the time. Eventually sales are going to crash because there not moving the trucks fast enough. Lots of people are going to be keeping there truck a lot longer because they are financially cheaper to repair and replace worn parts to stay on the road.
Old trucks are great but if you use them side by side the new trucks pull trailers better then an old truck works unloaded. Ive used both at work and personal with a fair bit of upgrades and if you actually use your truck alot its no comparision at all. I got an older super duty and its great and cheap. Only thing stopping me from a new trucks is the payments
Now, how much would it be to repair that new truck when it has major issues once it hits 50k miles or less? Once your warranty runs out, every part is excruciatingly painful. However parts for the older trucks, even performance parts, are significantly cheaper and more reliable
Nobody talks about the base model trucks, they all want the upscale trimmed out models. Luxury interiors and options galore. Manufacturers are happy to provide that and usually that is the truck that they give to reviewers. I prefer the work truck with functional options and less electronic stuff that breaks too easily.
Good video. Rare in that it's informative but concise and draws a logical conclusion. However, I do think it's worth considering the value of the work being done... for my work and my hobbies older trucks are not only less expensive -they're simpler and less expensive to insure and repair. No question newer trucks can haul more and do so more comfortably - but if you're not hauling huge loads and you're not driving that far the arithmetic (in my opinion at least) is more about the value of what you're actually using the truck for. New truck price is hard to justify..
I don't think so, it depends what you want and what the dealer willing to negotiate, also modern gasser can meet 50-60% of what HD trucks needs. IMO I wouldn't get a diesel (old or modern) unless I'm making money with it.
Also I noted you priced out a crew cab XLT SD instead of a standard or extended cab PS SD (which Ford still makes) to be as close to the '97 as possible.
Thats why i bought a 2013 Cummins with a 6 spd manual, 17,000 max towing and i have my manual.
Truck per dollar spent. The longevity of the new truck will not be supported by manufacturers as parts sourcing is currently bad for the manufacturing of these trucks. Couple that with the technology integrated within the drivability, I believe your overlooking the obsolescence to maintain any truck within the 2020-25 range. There are many components that are changed from year to year.
The easiest to explain this, the body module that controls the tail lights/lane assist. It goes out.... it will not start.
I had to source a headlamp assembly for a 2020 Silverado....... it took weeks and ONE was found on the west coast by a GM dealer parts locator. I’m in a flyover state. Dealers do not stock parts like they used to.
I priced out a 2023 F350 Lariat with most options...$101k. This was $80k in 2019.
I drove my cousins OBS PSD around for a couple weeks when my diesel Liberty shit the bed. It drove and rode like a hunk of shit.
There is just no comparison. There is a nice simple quality to these older trucks but the new trucks are on another planet in comfort, capability, power, etc.
He’ll, a modern half ton is probably as capable as a mid 90’s 3/4 or 1 ton
Family owns an Auto Salvage business. We are busy. People are keeping their old vehicles and thats a fact. Personally, the dealer experience is such a beating I dont bother any more. I just go to auction. Id rather buy used and have to repair than pay 10k more than the vehicle is worth. I genuinely hope that the Dealer Network goes away and the manufacturers figure out how to sell directly to the customer. And as someone who has torn down thousands of vehicles, the fit and finish on new Ford Diesels is poor relative to 15 years ago. Everything is softer, cheaper plastic, cheaper timing guides, even the body panels are lighter. I guess it makes PDR work easier so theres that. The list goes on. I dont see these staying on the road anywhere near as long as the ones built in the 90s.
And sorry, but you are wrong. Modern trucks just have less value than their predecessors. Everything from cost of ownership to the amount of Labor it takes to do any maintenance is so much higher. Mix in shorter MTBF numbers and the only real reason to buy a new truck is because you want to be seen driving it.
The problem is our wages haven't increased accordingly with the rapid inflation of everything around us. Especially depending on what state you live in.
FYI factory horsepower on the 2023 standard output powerstroke is 475 hp
Yeah it’s nuts how much more you get for the same inflation adjusted price. I had a Civic loaner a week ago that was nicer than my 2015 Audi A4 except awd, no lie. Inflation adjusted it was a tad more than my 04 civic with zero frills except AC, cruise control, vtec motor and electric windows. Night and day.
1997 i was making about $18 / hr as underground miner. now i make $32 / hr as pit miner. wages haven't gone up as inflation has. same goes for house cost, that's the issue Americans have.
....1200 ft lbs of torque.....and egr, dpf, and def. Which should be criminal. Bought a mint 2008 F250 KR for 6K with a blown up motor and built a motor for 8k....im in it for about 15k with other misc purchases. Hate on the 6.4 all you want but deleted, studded, and full rebuild = amazing diesel engine.
Why are there so many videos on how to fix problems with your newer truck ? (in this case Fords) oil pan leaks, roof leaks, etc. Not to mention transmission problems. Bought a new F-350 4x4 crew cab in 2002 paid $45,000 out the door. Just do routine maintenance, never had ANY of these issues,sitting at 442,000 miles and I drive her every day. Tell me about value.👍👍🇺🇸🇺🇸
Why did this comment section turn into dudes mad about new trucks. It was a great video and a great comparison. I was always curious about comparing the prices of new trucks to their predecessors and what you get in return. Very cool to see that you get much more bang for your buck.
Also, people that don’t want to buy a new truck because they’re worried about getting gps tracked are absolutely crazy for thinking the phone or computer they watched this video on doesn’t track them. Give me a break lol
This comment makes way too much sense to be on RUclips haha.
My 92 idi f350 gets better fuel economy than my dad's 2016 f350 with the 6.7, both are crew cab dually, he has the 6 speed auto and 3.73 gears and mine has the 5 speed manual and 4.10 gears, just something to consider if looking for a truck
Adding onto what @FreedomVendor76 stated: most income has not kept up with the rate of inflation, no matter what the politicians say. I still have my 1993 F150XL I inherited from my Dad. Still runs great. I have had several offers to sell it, but I can't afford to replace it.
Is the price of that spec for the 23 model what you would find at the dealership? Would it be difficult to find that truck for the price found on Ford's website? Would the situation have been the same back in the day? Just curious
Wouldn't a 97 XLT be compared to a platinum now, since it was the highest trim then, and now its the lowest trim?
I do agree with him. I have a f350 7.3 and I have yet to find something I couldn’t tow. I’m talking 35000 lbs +. Witch I’m sure goes for the new trucks to but still
I was hoping this video was going to be about the 89-93 W250/350's and D250's that white single cab first gen dually looked cherry... :) but I loved the info and footage regardless because my very first of my many diesel trucks was a 91 or 93 RWD single cab F250 automatic, long bed all white Old body stylin 7.3 power stroke it wasn't anything to brag about it smelled like work and a clean respectable elderly man who lives a humble life and that's what trucks were meant to be. love my current 24v 03 4x4 5.9 , 455k on the ol girl, second owner, but the honest mans chariot to good times and hard work. living right and controlling our egos. being a kind human being. that's what trucks represent to me now and that's the end of the story. bless y'all and keep diesel trucking till the world is dust.I'll never waste 150k on a new computer and iPad on wheels called a diesel simply cuz its burning green juice but also that blue Def shit can shove that up there dump chutes and ill keep my mechanically superior machine and repair it until the parts are illegal to get cuz of planned degradation by the cult leaders running our consumerism programmed reality.
Inflation has hit everything we just notice it more with cars and houses.
I noticed candy bars at the vending machine are $2-3 dollars😢
Thanks for the video! Although I would add something about reliability. That plays a huge roll as well. Correct me if I’m wrong, but these new trucks are not near as reliable.
Too bad wages haven't kept the same pace as inflation. Back then anyone working a tradesman job could buy a new diesel truck and drive it off the lot. Now, we gotta pass around high milage trucks while the CEO's buy the nice new trucks.