Buying a truck: new or used? - The Horse Forum
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post #1 of 27 Old 08-18-2016, 08:04 AM Thread Starter
Green Broke
 
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Buying a truck: new or used?

The question was sparked by the following:
I got first dibs at a F250 diesel, but declined, as the price was too high, and more importantly, the truck was pretty beat up. And I know for a fact it had zero maintenance for at least 3 years...

So, is it worth shelling out the extra money for a new truck, or do you look for a used one? In the hopes it didn't get abused?

With cars, I don't see any reason for buying a new one. There is one exception though: I would never buy a used minivan! Minivan = families with little kids = too much stuff leaking/spilling in there...

Thoughts?
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post #2 of 27 Old 08-18-2016, 10:12 AM
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I've never bought a brand new truck. I have a car for my daily driver. My truck is only used for hauling the trailer, picking up hay and any other thing I may need the bed for. Now, I don't abuse my truck...but I also don't feel bad putting a scratch on it, or allowing my muddy dogs to sit in the cab with me. I wouldn't be doing that with a brand new one!

The reality is that when buying used, you rarely are able to REALLY know what you are getting. It's always a gamble.
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post #3 of 27 Old 08-18-2016, 10:15 AM
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I've never bought a brand new vehicle. The depreciation once you drive off the lot is just too big a hit. Upside to buying new is the wicked financing you can usually get.

My last few vehicles have been bought off a dealer - I can benefit from dealer financing and if anything is apparently wrong with the vehicle I can hold them responsible (I had a problem with the high beams on the Subaru I bought...dealer fixed it no prob and it would have cost me over $3k to fix on my own).

I like to go for a vehicle which is a few years old...might still be under warranty and has low km. That way I don't get hit with the depreciation of a newer unit, but I still benefit from extended warranty. And low km means less wear & tear.

I've also found the re-sale on these vehicles is pretty decent too...as long as they are taken care of.

I shy away from purchasing off Kijiji or Craigs List (unless I'm just looking for a cheap-o car).
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post #4 of 27 Old 08-18-2016, 10:24 AM
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I buy used... always. Lets someone else take the instant depreciation.

The best used to buy IMO is from some person who babied their vehicle. There are a lot of such rigs out there is one has patience.

I also like used because I feel like I can actually use it. Don't feel bad about it being scratched, gotten dirty etc.

LOL About the used mini van. We bought a used one off of craigslist. It hadn't ever had a family with young kids in it. Now that we have driven it for 7 years it is dirty. Mostly thanks to dirt roads :(
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post #5 of 27 Old 08-18-2016, 10:55 AM
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USED, always. The minute you drive off the lot, it's an instant 25% depreciation. On a $4,000 car that's $1,000 you'd lose, on a $40,000 truck, that's a $10,000 hit. I'm not willing to take that kind of loss, especially when you can buy used from a dealer and still get good financing, if that's what you're looking for. I also don't do financing, but that's another point for another topic.
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post #6 of 27 Old 08-18-2016, 11:05 AM
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My truck I have now is actually the first vehicle I've ever bought used. I've just always liked new shinies and could afford them...and usually sold them before I really lost any money honestly. I've always paid off my loans early so I don't pay as much interest so when I go to sell I'm not taking as big of a hit, and the vehicle is paid off so no worries of needing to pay off loan.

My F-150 I didn't have a choice to buy new, just couldn't afford it. I doubt I'll ever be able to afford a nice new shiny truck...I mean, I'm a dog groomer lol! I do like that it was used though, so I don't feel as bad when I get it dirty...But it was still new enough that its going to last me awhile and still had factory warranty. Its a 2010 and I got it with 56k miles, bought it in 2013ish. It's a lariat so fully loaded and I love it! I'd love to sell it and buy a bigger truck but at the moment I can't afford something with lowerish miles and all the options my current truck has.

Buying used I was able to get way more for my money but its still new enough that it will last me a good long time without lots of repair bills.
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post #7 of 27 Old 08-18-2016, 12:53 PM
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I've had used AND new vehicles (all cars, but still).

They both have their pros & cons. It's really up to what's best for you and your budget.
If you go for used...make sure you are getting the car from a reputable seller. Make sure it doesn't have too many miles, either...also, make sure you do a VIN check for any prior accidents. My first car was used, only needed new tires and later I found out it had been totaled 3x. Then, it got hit and was totaled. I loved that car, but it had issues. You should also not go alone to look at a truck/car, make sure someone comes with you that knows a lot about them (not saying you don't).

If you're going for new...make sure you don't get screwed over with interest rates. The lower the interest rate, the better. Try to get low payments, over a short amount of time. I actually had my father go WITH me to the dealer to get my new car. They even gave me a free oil change club card for life so I get free oil changes. Car payments can be annoying, but I really do love my car. It has no issues, all I do is just the regular maintenance...brakes, oil, tires, etc.

Nothing wrong with used vehicles either. Just make sure you don't get ripped off and they don't try to sell you a junker! :)

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post #8 of 27 Old 08-18-2016, 01:03 PM
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For a truck, we always look for one that is 1 to 2 years old with low miles. It is always so much CHEAPER to have that initial depreciation. Plus they are still new enough to have warranty left over, usually.

For a car, just depends. I ended up buying a brand new Equinox last year. Sure, paid a little more for it, but I love it.

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post #9 of 27 Old 08-18-2016, 01:09 PM
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I have bought everything used with the exception of one truck, but that was a very well thought-out decision, and we got it on AQHA discount as well which made it easier, plus we lost some "nicer" things (Like leather, heated seats) to keep the cost of it down.

I would buy used for anything else, ever again. I don't really tend to get screwed over so much because being raised around mechanics and having one at my fingertips makes life easier, plus I can spot anything that's "wrong" with a vehicle pretty easily. Just take your time and sift through them - Sometimes you get lucky!

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post #10 of 27 Old 08-18-2016, 01:35 PM
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Only one of the 6 trucks I've owned has been new. Before you buy used be sure to know the price of a new truck. Talk to the dealer and find out what it actually costs, not just what the window sticker says. There are all kinds of deals, factory rebates, GM credit card earnings, college grad and military discounts, $500 discount on Chevys for Farm Bureau members, $500 discount on Fords for AQHA members, etc. These discounts are not available on used. Late model low mileage used trucks hold their resale values well. Our last 2 vehicles have been manufacturer certified pre owned which extended the factory warranty beyond the new vehicle warranty period. With the internet and email you can shop for a vehicle in your free time from the comfort of your own home making it almost painless.
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