Buying a truck: new or used? - Page 2 - The Horse Forum
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post #11 of 27 Old 08-18-2016, 02:05 PM
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Ford and GM used to and may still offer discounts to employees of "suppliers," like manufacturers of paint and wiring harnesses other things the car manufacturers purchase. Some of those programs extend so far out that practically any neighbor or relative or friend of someone who works for a supplier can wrangle one of those discounts. And you can use them in addition to rebates and other factory or dealer incentives, too. When my ex bought his new truck back in 2002, my GM supplier discounts and the factory rebates were far greater than the down payment my ex put down on that truck. lol
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post #12 of 27 Old 08-18-2016, 02:18 PM
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This is end of model year, so discounts should be available on gasoline trucks but diesel, probably not much.

Another alternative to consider, especially if you just need a truck to pull your trailer to local shows, or you don't need to use the truck for your primary transportation, is to get a rebuilt truck with a salvage title. I'd not recommend buying one of those from just anyone, but there are people like one local used vehicle lot and also my nephew who do buy very nice salvage title vehicles and fix them and resell. My nephew drag races and tows a huge trailer, and all he's used for the past 5 years are salvage diesel duallys that he bought and repaired. My sister and her husband have been driving salvage SUVs for about 7 years now. He buys them down South where they don't have rust. He rebuilds engines himself. He farms complicated bodywork and paint out to a friend with a body shop. If there's no frame damage and no corrosion, the rest of the truck can be rebuilt or replaced for years. The local car lot man here does essentially the same. He buys vehicles at auction, or buys salvage vehicles, and repairs. If people want something in particular, he will look for one at auction.

"Old" vehicles have low book values. They have low tax rates in the states that charge property tax on vehicles. If you can pay cash, you own the vehicle and have no payments and no need for financing. A "salvage" vehicle can be salvaged for many reasons, and not all of them have extensive damage. You can upgrade the thing using used parts. like leather seats or stereo systems if you must have those things. The downside is you either need to have a cheap mechanic lined up to do repairs if the need arises, or you need to have the cash on hand to replace whatever needs replaced. But if I only needed a short-haul weekend truck, I'd definitely consider something decent that has a salvage title. I own more than 1 vehicle, so I always have something else to drive.
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post #13 of 27 Old 08-18-2016, 02:20 PM
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Quote:
Originally Posted by Dreamcatcher Arabians View Post
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.
Sounds like me. I've only ever bought one vehicle (well, two if you count the plane) that cost me more than $4K, and haven't made a car payment since IIRC sometime in the early '80s. Granted, I know enough auto mechanics to fix just about anything that goes wrong. (Except carburetors: thank heaven or the EPA for EFI ) But these days, if you stick to quality brands like Honda (not that they make trucks ) or Toyota, not much goes wrong. I'm still driving an '88 Toyota 4WD, with only minor maintenance work since I've owned it.
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post #14 of 27 Old 08-18-2016, 03:20 PM
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I go for used, but I think it depends on what you are comfortable paying per/month or year. That is where I would start. For someone who needs a truck for rare occasions, an older truck can work fine. I paid cash for my truck used and if I divide the price by the number of years that I have had it plus figure in the repair bills it comes out way less than making payments on a new truck.
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post #15 of 27 Old 08-18-2016, 08:48 PM
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I always buy new cars, however I cannot for the life of me shell out $75,000 for a brand new diesel truck. I bought used, and have it serviced to the max and love it to death.

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post #16 of 27 Old 08-18-2016, 09:10 PM
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The last truck that I bought is the one I have now. I bought it barely used, 12,000 miles. Depreciation? Someone else paid for that, I think it was Enterprise Rentals. I got a good deal, it was taken care of, and I busted my but to pay it off early. I did buy one car new and I will never do it again. There are plenty of used vehicles out there that other people have taken good care of.

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post #17 of 27 Old 08-18-2016, 09:52 PM
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Always buy used. A few repairs will cost a lot less that that instant depreciation. I also pay cash, and that usually gets me a nice discount, too.

For my personal vehicles, I've bought a couple of gently used SUVs at two or three years old. I drive them until the wheels fall off. I recently bought a 19 year old farm truck (7.3L diesel - can't kill those). The nearly new tires on it are worth almost what we paid for it.

My favorite was a used car DH bought a few years ago. The check engine light came on in the dealer parking lot. DH test drove it to AutoZone. Those spark plugs saved him about $1000.
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post #18 of 27 Old 08-19-2016, 04:13 AM
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I only buy used cars because you lose so much with new cars.

I look for service records, fairly low mileage and always get a substantial mechanical check.

If it looks beat up it probably is. Look for mature owners, ideally hobbyists.
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post #19 of 27 Old 08-19-2016, 12:34 PM
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Originally Posted by Tack Collector View Post
Another alternative to consider, especially if you just need a truck to pull your trailer to local shows, or you don't need to use the truck for your primary transportation, is to get a rebuilt truck with a salvage title.
I would be extremely hesitant on this....
There is a reason it was totaled by the insurance company.
Hidden damages costly to fix or not fixable to factory specifications for vehicle safety standards needing met.....
Is your life worth a few bucks saved?

Run a VIN # check on any vehicle for accidents or major repairs done....
Your car insurance company should be able to do this for you for little to no cost or pay a small fee to a VIN checking company and check any vehicle you are seriously interested in...that is money well spent!
Many dealerships offer this today to prove the used vehicle on their lot is what they make claims of...
If that "salvage title" is something you would consider better make sure you can insure it....
Some companies will not insure what has been totaled....mine won't. I just called and asked them..
Refusing to insure certain kinds of vehicles takes some liability off them....what I was told along with other things. Each company does different, so do ask.

With all the flooding taking place in this nation in the last few months and years...make darn sure what you buy is not a flooded vehicle, especially salt water flooding.
Yup, salvage titles are available!!
Damages are not always seen right away, but corrosion of wiring and metal are huge $$$$ to fix and repair...
....
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post #20 of 27 Old 08-19-2016, 04:07 PM
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Quote:
Originally Posted by horselovinguy View Post
I would be extremely hesitant on this....
There is a reason it was totaled by the insurance company.
Hidden damages costly to fix or not fixable to factory specifications for vehicle safety standards needing met.....
Is your life worth a few bucks saved?

Run a VIN # check on any vehicle for accidents or major repairs done....
Your car insurance company should be able to do this for you for little to no cost or pay a small fee to a VIN checking company and check any vehicle you are seriously interested in...that is money well spent!
Many dealerships offer this today to prove the used vehicle on their lot is what they make claims of...
If that "salvage title" is something you would consider better make sure you can insure it....
Some companies will not insure what has been totaled....mine won't. I just called and asked them..
Refusing to insure certain kinds of vehicles takes some liability off them....what I was told along with other things. Each company does different, so do ask.

With all the flooding taking place in this nation in the last few months and years...make darn sure what you buy is not a flooded vehicle, especially salt water flooding.
Yup, salvage titles are available!!
Damages are not always seen right away, but corrosion of wiring and metal are huge $$$$ to fix and repair...
....
yeah, yeah. I KNOW ALL OF THAT. That's why I put a general caveat on there to know WHO you are buying from and WHO is repairing. Anyone who really knows that vehicle knows the trouble spots to look at for corrosion, flood damage, and frame or other collision repairs. Stuff like a badly damaged bed, not frame damage, you just get a used bed and roll on. I'm not writing a dissertation here. I just threw that option in as something that people can evaluate and decide whether to use or discard. All of the vehicles out there are collections of interchangeable parts. There are good salvage and/or auction vehicle buys, and there are also bad ones.
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