Posted: 10/21/2014 11:35:56 PM EDT
[#6]
Quote History Quoted: OK, You want to use economic theory to justify your position, and I will use mine:
For those persons who want LARGE pickup trucks, the prices are going UP. Why, you ask? If you have not been paying attention, a whole bunch of new EPA regulations are starting to kick in.
From 2012 to 2016, light truck fuel economy was mandated to increase by over 12%, and they are not done. The EPA wants the fuel economy for full-sized pickup trucks to increase FORTY percent between 2012 and 2025.
The only way that is happening is by one of two methods: smaller trucks or more technologically advance (read---EXPENSIVE) trucks. These added fuel economy and emissions requirements ARE going to cost more, without a doubt.
For someone who NEEDS a full sized truck, and cannot swallow the $40K (or 50, or 60, or whatever the changes will cost), a used truck seems like a good option.
And what happens to USED vehicle prices when new car/truck prices go up? They sure don't go down, nor do they stay the same. As demand for used trucks rises (due to the cost of new ones), their cost will rise as well.
If you don't believe me, watch what will happen to the technology in the big full-sized pickups over the next few years. The Ford "eco-boost" and the soon-to-be aluminum sheet metal is the harbinger of things to come. Just be prepared to pay for it, be it used or new. View Quote View All Quotes View All Quotes Quote History Quoted:Quoted:Quoted:Quoted:
I hate to say this, but right now your probably better off buying new, that or wait for a few years for the used market to get back to normal I would not bet on that. With the new emissions and fuel economy standards that are coming, ALL the new trucks will be MORE expensive. (Witness the new aluminum bodied F150 and the eco-boost engines. Those features are more costly than the old steel and V8, but will help meet the emissions and mileage requirements from the EPA.) More expensive new trucks will drive up the price of used ones. I predict used trucks will jump in value at least 10% in the next 18 months. Sorry, but no, it's called supply and demand. We had a recession and new car sales went from 16-17 million a year to a low of 9 million and a very slow increase since 2009. This is why certain used vehicles can command such a high price. Toyota is getting ready to increase production and reduce the price of Tacomas and Tundras just so they don't lose market share to all the new trucks coming out. Used truck prices will be going down. OK, You want to use economic theory to justify your position, and I will use mine: For those persons who want LARGE pickup trucks, the prices are going UP. Why, you ask? If you have not been paying attention, a whole bunch of new EPA regulations are starting to kick in. From 2012 to 2016, light truck fuel economy was mandated to increase by over 12%, and they are not done. The EPA wants the fuel economy for full-sized pickup trucks to increase FORTY percent between 2012 and 2025. The only way that is happening is by one of two methods: smaller trucks or more technologically advance (read---EXPENSIVE) trucks. These added fuel economy and emissions requirements ARE going to cost more, without a doubt. For someone who NEEDS a full sized truck, and cannot swallow the $40K (or 50, or 60, or whatever the changes will cost), a used truck seems like a good option. And what happens to USED vehicle prices when new car/truck prices go up? They sure don't go down, nor do they stay the same. As demand for used trucks rises (due to the cost of new ones), their cost will rise as well. If you don't believe me, watch what will happen to the technology in the big full-sized pickups over the next few years. The Ford "eco-boost" and the soon-to-be aluminum sheet metal is the harbinger of things to come. Just be prepared to pay for it, be it used or new. Again no, the new F150 is going to cost 400 more than the old one as per Ford, and MSRP means nothing, GM has right now, 5k-15k off, Ram has 11k, Toyota is doing 6K. New trucks that cost over 35k have ridiculous options and trim levels that didn't exist when trucks topped out at 35k, but you can still buy a full size truck with the lower trim levels. I can go to GM or Ram right now and leave the lot with a crew cab V8 for under 35k easily. They also actually track the used car market and it's going down and projected to keep going down into 2020. If the actual real numbers aren't good enough for you then I don't know what else to tell you.
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