Having anyone thought about buying a new or used truck since the price of gas is stupid high. Personally I thought about buying one myself but due to the price of gas now I am having second thoughts. I have seen truck prices have dropped for a while now and maybe it's a good time to buy. What thoughts you have on the situation? Any thoughts would be appreciated. Thanks.

 

I just bought a used like new 2005 Screw KR in copper. for $14k. KBB retail is $24k.

Granted, this is 3rd vehicle in a 2 person family, but I had to get a truck . I sold my 350 when Diesel hit $2 a gallon and have been hurting without it.

So..if you can afford it, it is a good time to buy. Everybody is willing to make a deal. For me, I will drive it on the weekend and maybe one or two days a week. But I have a 100 mile round trip from the house to the office, so I will drive the Lexus at 30 mpg most days.

 

I was thinking the same thing. I would have it just in case if I have to haul something or if my wife buy something knowing that it won't fit in the car. So what I am doing is that find a truck that I like with all of the option I want and basically steal it since ppl are freakin' out over the price of gas.

 

Amen brother. There are all kinds of deals to be had. I was seeing 2004-2005 lariat screw 4x4 rigs with 40-70k on the ODO for $14k-$16k all day. I saw a couple of FX4's in the $13's.

 

4x2 or 4x4, how many miles on it, bought from dealer or private party? Just curious...

 

From a dealer. 4x4 with 95k on the ODO. Part of the deal is that had to do the 100k service including new plugs BEFORE i took delivery and toss in a 3/36k extended warranty.

 

That's not bad at all. I hope I can find a deal like that.

 

Really comes down to need vs want, in my opinion. If you need a truck, then it's a done deal. But if you don't, why spend the money on a heavily depreciating asset?

Personally, I'd hold off and see what happens to gas prices before making the jump, especially if you don't need a truck.

That said, I am still happy to own my truck. Just not looking forward to the games that will be played at trade in time. Hell, will the dealer even take it in trade by then.

 

I need a truck with a bigger bed... but i'd get creamed on the trade in on mine, so I wouldn't actually win or lose anything buy switching right now... so for the time being, i'm gonna drive mine till the wheels fall off basically unless I find a dealer willing to give me something closer to what my truck is worth (I'd settle for trade in value, lol) or someone willing to buy it from me for that...

 

If ya asked me, if you are concerned about the cost of gas, then don't drive a truck. Period. Don't count on gas prices to come down. The biggest gripe I have is I need to swipe my credit card 2x to fill it up every time since it stops at $75 before I'm full.

The dumbest thing to do is buy a new $30K+ truck or SUV, pay $1K+/yr on auto insurance, drive it for a few tanks of gas, realize sticker shock, and then keep it in the garage and drive it occasionally. That's an expensive financial pit to keep around... even more considering their depreciation rate these days.

I've been driving an econo-box all my life... I've traded UP!

 

That's real fine and dandy but, for most folks, hindsight is 20/20. When I bought my truck gas around here was $1.75. I can deal with $2.75 to $3.25 just fine. $4 is do'able but $5 is a problem; and I have a good job with good pay and a short 8 mile one-way commute.

The problem is that even if I wanted to get rid of my truck (which I don't...yet) who the hell is going to buy it...even at trade in value? It seems to me that if our Uncle Sam can kick in Billions to rescue mortgage companies, subsidize corn farmers (are they having any trouble moving their harvests?) and give billions in tax incentives to big oil they could figure some way to help those who want to get out of their gas guzzlers. At least they could stop commodities speculation. A select few are getting rich while Joe American takes it in the tailpipe.

To the OP; the only car I'll be buying in the near future is a Focus or the like. I could make the payment on that and gas for less than I'm paying in gas/month for my beloved pavement princess.

 

when i bought mine iw as paying $.76-$.85/L.... now its up to $1.349/L and it hurts... but i know if i even attempt to take mine in im gonna get hosed... i was looking a focus 2 months ago and said screw it after i thought about the value of my truck... ive got the little V6 in an XL regcab/regbox... only good for constudtion if that really... so im kinda stuck where i am.... i feel sorry for anyone who bought a big navigator or H3 and drives them now...

 

Your so close! Uncle Sam should have absolutely NOTHING to do with any market. They do it anyway...... But the constitution does not provide for the government regulating/controlling the economy.

Ain't it cool for the big corps on how they have their way in congress with their (Our!) money?

This is not a free market economy. You may think so. But it is a regulated economy. If the government couldn't pass laws that look and sound good, but in reality benefit the elite....Guess what? Only the market itself would determine prices. Us! By our choice to use the product on the market or not.

Oil prices are high because the oil companies, congress, Bush and his cronies, OPEC and everybody making money on the oil market wants it that way. Because THEY will have more! Much of what has happened politically in the last 10 years has brought it to this.

Basic law of nature...survival of the (Financially) fittest.

We have 3 trucks, an Explorer and an Escort ZX. We're keeping them all.

 

It is a good time to buy since the price of the trucks are not very high cause of the gas really if you can afford to put gas into the truck go for it but im really getting pissed off with these gas prices

 

Honestly, I don't care what the gas prices go to. For my comfort and my families safety, I will always have a V-8 in the driveway...I just happen to own 2 of them right now.

Bigger does equal better...and I've owned the econo-boxes. I've never gotten that magical high mileage everybody swears they get either. Maybe it's just me. If my truck wasn't still virtually brand new and only 21k miles, I would most likely be buying a 09 in about 6-7 months. I love they way those things look

anyways, right now is the perfect time to pick up a nice truck with excellent options. people are freaking out and doing the STUPIDIST trade-ins to seemingly save money. I guess they think it's better to owe $5k+ upside down on a vehicle to save $50 a month in gas money.