Truck Values are Falling
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- Опубліковано 8 чер 2024
- Truck Values are Falling
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Refusal to buy is always the consumer's strongest weapon.
Facts. Too bad more people don’t have that ability lol
Refusal or unable to? I seriously doubt Americans just got financially smart, people are just broke or can't qualify for financing.
Who in the heck ever thought a Maverick was an actual replacement for a real truck?🤔
I was going to buy a new truck this year, but i decided to hold on my 18' wrx. The truck market and interest rates are crazy right now, and I can't understand who is buying in this market
Agreed, Somebody sold pet rocks although I think this guy might have a few screws loose since he thinks 85000 isn't bad. @@LuckyLopez777
I mean, unless they are like 50% off, we are still dealing with astronomical prices. These falling prices are like a snail crawling down from the peak of Mount Everest.
Slowly getting there
@@LuckyLopez777 The pace isn't helping anyone though, and no real chance of getting down 50%. Dealerships have made double to tripe the value of cars for each new car sold that carried the most dramatic "market adjustments"....they have plenty of money banked of "extra profit" to pay their current floor plans from. They can "lose" money for over a year and still be way ahead of where they were three years ago.
😂 it's taking a long time but remember it took the housing market 4 years to bottom once the bubble popped. We have at least a year of declines ahead of us! Enjoy! And be patient 🤑
Oh oh oh don't worry.... it'll be soon. Said someone 2 years ago 😂
More like walking up a mountain with a yo-yo.
About forking time. I will not ever spend $75K+ for a got damn truck. This $30K over MSRP crap is criminal. Flunk'em.
Some people are crazy
I hope dealerships go away!
Auctions are not open to the public. And manufacturers are banned from selling to the public. And banks lend you more than the depreciating collateral is worth... The public SHOULD be banned from borrowing at all for a car.... Problem fixes itself in one year
@@lazstanmanufacturers are not banned from selling to the public. Most of them have it written in their contract with the dealerships that they will not sell directly to consumers. I do believe they might be looking for a way out of those contracts on the back end and go with the TESLA like model
Blame is on the consumers for paying over, if you sell any product and people are scrambling to pay 50% more theres nothing wrong with taking the highest offer.
Buyers were that dumb to overpay for vehicles.
Lots of crazy people out there
you can say thanks to social media for that one
People with too much money end up not valuing it and throw it away for novelty.
@@LuckyLopez777 Banks we’re Cray. With a capital Zee!
Rich people are blind with money and dealers scam them easy.
I was speechless when my neighbor told me that they just bought a new pick-up truck for $89,000.(down from the $97,000 MSRP) I would NEVER pay that kind of prices for an American pick-up truck, no matter what.
Crazy, they inflate prices $30,000, then give them a $10,000 discount, and they think they got a deal.
@@ppumpkin3282 but it came with free lifetime car washes! (after each service)
all cars are now $65000 to $95000 .....its our new reality. Toyotas & Kias are $55000....used cars are $40,000. Unless you like spending weekends at the mechanic, you gotta invest in a new car thats safe for your family. saying I will 'never' just inst the answer unfortunately
The same crooked dealers who charged $ 30,000 over MSRP for the Ram TRX will now not even give book value to their customers for a trade-in. Who would have thought that ?
Imagine thinking a car is an investment and being mad because it lost value🤪
Exactly. Who cares? It's a vehicle to drive. It's not an investment.
Stupid take. Trucks have always been a way to put your money into something that depreciates less the value of money does. And now it doesn’t and people are mad and rightfully so.
I dont see how they stayed this high this long. If you think people are broke now, wait until December 26th, and the credit card bills start rolling in...
It’s going to get ugly the next few months
What credit card bills? Are they paused until the 26th?
After Christmas shopping on credit cards… oof
@@ShinGen505 ohhh hahaha. Do people actually shop on credit cards with money they don't have? Makes no sense...
I dont have a credit card bill
100k for house sized trucks just to shop at publix will never not be hilarious to me😂
My Maverick experience was wild. Ordered a base model a week after the announcement by Ford. Waited a year to get it. Paid $23,400 OTD. 2 weeks later sold it to CarMax for $32,000. Crazy!
Wow $$$
STONKS
My 2007 4Runner was totaled by insurance for almost 25,000 in 2022. But to replace it would have cost me 30,000 for a similar model.
I don’t want an electric truck. I sold my 2013 4x4 5.7 tundra last year for 24k. Been sitting on that money ever since waiting on a car market crash to re up. I now feel like i made a mistake. 😂
That is the best way to own a maverick; briefly.
Frankly pure dealer, OEM greed and sheer buyer stupidity. Dealers can ask what ever they want for vehicles. No one has to pay it. You are better off buying a $5000 beater than paying these stupid prices.
facts. buy cheap and drive it till the wheels fall off
The party’s over-and now the hangover 😵 begins!
Facts lol
Every time I think about replacing my 23 year old Honda Accord with a new vehicle a Lucky Lopez video drops and beats me around my head until I see sense....
Same with my 2001 vw golf tdi lol
How much have you spent in fuel/maintenance driving that Honda Accord? A New Tesla Model 3 costs less than a FREE NEW Honda Accord over the life of the vehicle. It is just math.
I am sure that Accord will last you another 20 years. But at what cost?
Keep it as backup. U don’t have to insure it.
@@davidbeppler3032 what's the life of the vehicle? 100 or 200 or 300k miles? How many battery replacements would be needed over the life span? 1 new battery per 100k or 8 years (once warranty runs out)? That's roughly $13,000 for a single Model 3 battery replacement (according to JD Power). What about time lost when you have to wait to charge at a public charger (assuming you live at an apartment or can't charge at night like it is the case for millions for Americans)? Insurance costs have to be high due to long wait times and high cost of replacement parts.
I can see the costs being competitive but I can't factor how buying at MSRP and then holding a Tesla Model 3 for 20 years would cost the same. Especially if you have to replace any parts.The wait time to charge and lack of parts factors negatively towards ownership costs compared to the ubiquity of parts for any Honda Accord from any generation and the speed with which you can fuel a car (10 gal/min [Federal max flow rate] with a 13 gal tank = 1.3 min to fuel up) vs 25 min for a Tesla Model 3 at a super charger (fastest advertised charge rate on WGN-TV for a full charge of 272 miles).
Tesla's are not the most convenient vehicle and are not a great alternative to a reliable old car that is paid off or even a new hybrid vehicle. You can choose to own a Tesla Model 3, for better or worse. But at what cost?
I remember when good trucks costed about 25k lol a Silverado that my uncle bought 15 years ago. He still has it and it still runs strong. Hasn’t had any major issues. Reliable and a workhorse for what he uses it.
I remember when $25k was a lot of money. You could buy a decent house for $50k.
I bought a 2006 ram 2500 diesel 4x4 mega cab with 22k miles in 2010 for $29k. 13 years later at 80k miles, it’s worth more than what I paid for it. Nuts.
@@JpOcDenverseems like a lot in 2010
I have been wanting a new ram for years, but can't bring myself to pay the piper, so I've been rocking my 200K 2007 Ram 1500. I have noticed in the past 6 months the highest trim Rams seem to have dropped faster than anything else. Tempting, but they are still very expensive. Thanks for your insights!!
You can still drive your old one to 300k miles
@@LuckyLopez777 Probably not... my dad had an '03 with around 225k on it and the motor mounts gave out. It eventually rusted apart and there wasnt much they could do about it.
@@WillMoonReally, I will have to tell my 2003 Dakota with 328,000 miles that. She thinks she has 200k left.
The time to buy is when there's worldwide lockdown.
That's the plan, but I still get the "new truck bug" often. @@LuckyLopez777
$195,000 out the door for a Hummer EV or a giant paper wieght when it needs a charge.
$$$$$
Will be below 50k in the future
I’d heard its $3k for a new tail light.
@@janetyeoman1544 That is what happens when a company only builds 30 of them a year, by hand.
As of July 2023 over 16k have been made.@@davidbeppler3032
I've always loved cars but have never been in the business. I found your channel maybe six months ago and i cant get enough. Super interesting and you make great videos! Thanks man.
When my F-150 falls apart I'll be in a Toyota Camry
That should be within the next few weeks.😅
It’s a concerted effort by the feds, WEF, and dealers to slowly eliminate the majority of trucks.
It definitely seems that way but meanwhile, they're allowing the Hummer EV to be built lol. That thing has to be terrible for the environment@@demsakawalkinglatetermabor7ion
She just turned 100k going strong so far @@povertyspec9651
I'll just keep repairing and changing the oil in my '04 Honda. Thanks!
‘04 Civic here 😎
840 credit score 8% interest hell na. I'm staying with my 2017 till I die
Looks like I will be keeping my Camry.
Just got new tires and brakes on my old truck. Going to enjoy watching truck prices slowly come back to reality.
The new Ford Broncos are plagued with recalls and what’d you expect when they build em in mehico.
I’ve heard a lot of bad stuff about them
I expect the quality control in America to send them back before they reach customers hands.
Game over forTesla!
I remember in 2010 when me and my husband bought a brand new Toyota Tacoma crew cab 4x fully loaded with some cool add ons for 25.6k OTD 😂 we were big shots (completely in debt but 😆) anyways that friggen NEW truck was half most people I knew annual salary… NOT PEOPLES WHOLE DAM SALARIES…like wtf
Paid $20K for a new Ram 1500 in '99. Still have it with well over 200K miles. It ain't pretty but it starts every time and hauls whatever I need to haul.
Excellent advice Lucky, Thanks!
Just gonna refresh my 2012 f150 and keep it. Being able to fix your car is a blessing and great skill to have.
Nice video Lucky! Dealerships will have no choice but to drop the prices on these over inflated trucks. I have the last gen Tundra & love it. I didn’t buy it for the gas of course. I bought it for reliability and value. I’m so glad i purchased when it was $36k with 3k miles on it in 2018. I’m keeping it, there is no way I’m paying $1000 per month for a truck. That’s about half what rent is for an apartment here in vegas. Thanks for the informative video.
Well said!
Ha!!! I have a 2019 SR5 Tacoma and 2016 Honda Civic, wanted to trade both in and get new cars, long story short I dropped about 1,500 in tools and now I do my own maintenance and I’m keeping them till the wheels fall off! I’m 40, and never like owning a car longer than 4 years because I don’t trust mechanics, but thanks you god for showing me how dumb I was, I can over do 2k in repairs using OEM or better in a weekend! I take such good care of my vehicles that I don’t think I’ll have any major issues, but I can’t wait to have to replace a head in the engine or something!
smart move. plus working on cars is a fun hobby and a great way to make extra money
Cheapest F150 Lariat FX4 with luxury package I could find in 2021 was 5 years old with 89k and it was sitting at my local Ford dealer for 49k plus TT&T. The new ones, 2023's at my local Ford dealer is now just under 80k. I'm curious to see how much they really drop.
Yeah they where crazy
@LuckyLopez777 This market is a self-inflicted wound that had some assistance from the banks. Dealerships saw an opportunity to gouge and the banks enabled it by allowing 125% and up LTV loans. Of course consumers played their role too because of the psychology of FOMO. There were days when I would drive by the RAM dealer and see 35-40 customers looking at trucks at 8-9 pm. I stopped in to check it out and spoke to a salesperson. They were pushing hard with no money down with 84-month financing. I heard a salesman telling customers who were on the fence that the days of negotiations were over and never coming back. One told me that paying over MSRP is the new normal and not expect to pay less than or right at MSRP again in my lifetime. Of course, I knew that was complete garbage. Anyone with a brain could see that this was unattainable. I don't know where the mentality came from that every customer would just bite the bullet and pay 80k to over 100k for a pickup truck from now until eternity. If most people could afford the payment on a 100k truck Chevy would only sell High Country pickups. The manufacturers kept raising prices and only gave lip service about cracking down on market adjustments. All the gains the participants in this folly made by being predatory will be lost over time as lot rot increases and people start to pull the purse strings tighter. People like me who needed a pickup for work have found a workaround by buying a 16-year-old truck and a good used cargo trailer to get the job done. Other people who just had to have that shiny new truck who didn't need it for work are now finding themselves buried until they pay it off 5 or 6 years from now. Either way, neither one of us will be buying anything anytime soon.
Got my brand new fully loaded tremor f150 for close to 60k…look around…don’t be sheep spreading mis information
@kylehowe6761 my personal experience in my local area is not misinformation. Your experience in your local area is your experience or is your experience misinformation misinformation?
love how transparent this guy is
Good stuff luck, looking forward to seeing that lot in the future
Most of the reason why these things got so incredibly expensive was what happened to the chip supply during COVID. The Big three realize they couldn't build many with the few chips they had so they decided to dedicate resources on high end products thinking they can be solvent doing so. Problem is this pricing strategy only addresses the top 5 or 10% of the potential customer base. Once supply came down to normal they Big 3 persisted on selling these trucks at highly inflated prices that only the top 10% can afford. They basically priced themselves out of the market and are stubbornly refusing to drop these prices back down to 2019 levels. Basically, the Big 3 will go bankrupt if they don't smarten up quick.
I am sure the leadership at the Big 3 understand that having more than 300 days of unsold product is enough. They will just close plants and fire workers until sales catch up to production. What I am saying is, if you don't buy the $120k truck they built, then you are ruining lives and causing people to lose their jobs. It is your fault.
I hear you and am hoping they do.
However, looking at the mature market, trends and strategies in the mobile phone market (yes I am making a connection here), that consumer market has been conditioned to buy new, buy often and be happy with it. Gone are the days of mobile phones lasting 5 to 7 years with removable, upgradeable everything (battery, led lights, face etc). People forgot those days and the time when being forced to buy every 3 years is ridiculous.
Point is there is only resistance at the start but when people get trained, forget and get used to it, they accept paying more, accept lasting less and accept it as the norm. I hope to be wrong but they have implemented it in other industries and it worked. Cars are taking on the same trend and consumer attitude of technology oriented devices.
Thanks for the update Lucky.
Your good lucky, most of your predictions are bang on
“Owe way more than what they’re worth” that reeks of desperation or foolishness. How could anyone else think that going upside down is a good deal?
Thank you for the f150 information that is the exact truck I am looking for
Excellent video! Great content.
I was at the dealer only auto auction in the Midwest and I saw a 2021 Ford Bronco Wildtrak(839 miles) run for a month before getting an offer of $52k(IF)... that's the retail according to Edmunds... The hysteria at these auctions are making most dealers have to or think or that they have to keep prices higher than reality.
Hey Lucky, I watch alot of UA-cam channels and just wanted to say you do an awesome job! I like your opinion on where you see the car price going in the future and your experience with the vehicles. I'm thinking about buying a truck and the information is very much appreciated!
I appreciate that!
When the Rivian first came out it was priced at 73k before their price hike. I purchased mine at 91 with the base LA Silver paint, but had the off road package put on. You can get them for a little cheaper now with more mileage for the launch additions or even new with the dual motor instead of quad motors. I think there may be more to it than what you are saying here Lucky with the prices and the cost of fixing the vehicle. Most body shops and insurance companies are more less confused about how to price the fixes and fix... the damage. PDR can take care of a lot of things they are saying is worth 50k plus in damages.
Great job. I agree with most everything you are saying.
Good video.
I've been running a repair shop since 1993. What I'm seeing lately is sad. Here in the rust belt people are still making payments on worn out rusted junk that they way over-paid for. In some cases they have to take out another loan to pay for a major repair.
There's others that have the worn out vehicles that tell me they would get rid of it, but went shopping for a new one and said no way. They are spending significant money to keep the old ones on the road. Prices of used engines have gone through the roof - the yards must be onto this trend.
KBB is their friend. Go to the west or somewhere without rust. KBB doesn't know the difference, just prices based on mileage, so you get far better product for same price from a private seller. Buy a used car that isn't rusted to hell. Make sure it has a significant oil leak so it won't rust to hell. Wham bam.
Do a video on the heavy duty trucks..
That’s great to hear! I’ve been shopping for a 2021 or older tundra with the v8. I’ll keep waiting.
I also want a Tundra, haven't seen much movement on them in my area.
@@grth3929 I’ve seen them all over here in Texas. They seem to be on the market for less than 40 days on average from the ones I’ve been tracking. Dealers are still moving them somewhat, they are overpriced still.
4.7 Tundra is excellent. 5.7 Tundra is decent, bit big for my taste. If you're buying a Toyota for its reliability and longevity I recommend talking to your local mechanic. I haven't heard anyone who does repair recommend the newest ones.
@@gorkyd7912 looking at the 5.7, my local mechanics recommend against the 4.6 because it has less parts availability, less power, relatively the same fuel economy and is generally disliked in the community. I won’t get one of the new ones, I’ll do everything I can to never own a turbo powered vehicle. They add too much complexity and reduce the lifespan of the engine while also making vehicles less reliable.
Its always a rare special trim package when they are selling it to you. But not so much when you trade it in.
yes the prices are going down however if you look under the average miles sold . that number is going up as well as the age. so when you factor this in there is very little change in overall value
Don't forget the other surprise bonus of EVs that nobody talks about. When the weather falls below 50F you lose half your range. Welcome to the future.
Can you do mmr on HD trucks? Gas and diesel. I have a 2023 gas 3500. Love it! But just curious
In March of this year I bought a new '23 Ford Maverick Lariat Hybrid....MSRP $36k, I paid $33k. + I get 45 mpg and love the truck!
Thank you for breaking down these trucks I was in the market for a Rivian not anymore😅
Sounds good I’ll keep waiting and pickup a used truck in a year
Tell you what Lucky . I wish the F I could find a 2021 Tundra with average mileage that the owner didn't go 10,000 F-ing miles between oil changes . Can't find one , and have been looking for months . There also seems to be a lot of Tundra's coming into here , in Michigan from Canada . I would say I have seen 10-12 in dealerships the last 8 months or so .
Excellent content Lucky!!!
Would see trucks holding value better than other vehicles IF/ WHEN bottom falls outta this shitshow
17 TRD Pro Tacoma here hoping to dirve it for a very long time and have had it since it had 17k in 2018. Its my third tacoma and I have had all 3 gens. I typically drive them untl I have 200k on the ODO. Looking to possibly get my dad a Tundra to replace his 08 Tacoma, so this is good news for us. Thanks Lucky you always deliver some insightful information Ive been a follower for a long time. This is my first time commenting or your sub. Take care.
Like a rock.... ohhhhh like a rock.
lol 😂
we just need something to haul logs and I still can't bite the bullet and call anything close to 50k worth it, truck makers realize that a big part of their consumer base are blue collar... right? lol
trucks builder are pricing out the customers they built the trucks for lol
You don't need anything newer than 2010 to haul logs. In fact, if you're actually using the truck for work seems like you'd be better off with something 30+ years old because you're going to break something and its nice when the part is $50 instead of $550.
The hummer ev segment killed me! All I can do is laugh! I too remember people losing their minds over the “crab walk” BS!!! Your true life example of $70k ADM is absolutely hilarious!!! 😂😂
A couple months ago I went out and bought an excellent condition 1990 f150 with the legendary straight six Ford 300 engine for under 10k.
I wish I would have seen the faces when I flaunted around the local Ford dealership.
My OBS '97 Ford F-250 is far from cutting edge, but it doesn't cost me a fortune to upkeep.
How do you convince yourself you need a $90k ram to get around town...
people that want 7mpg supercherged v8 lol
Lucky missed the boat on the Hummer EV. They sold on online auction for close to $300k, not $200k. Now they are only getting $5k below MSRP in the same auctions for brand new. Lucky, please pay attention!
Lucky what you think about the small discontinued cargo vans like transit connect. I wanna buy one should I try for it now or wait a bit ?
All the dealerships in my area are full of trucks and nobody's buying.
About time. Trucks are very cheap to manufacture and are sold for ridiculous prices. Worst of all, most contractors rarely need a pickup as most building supplies are delivered to the job site.
For the truck market, there is a very important segment that can afford these prices. Particularly farmers and towing companies who have adjusted to inflation. This has been the traditional market for optioned out heavy duty pickups.
my truck value was 32k a year ago, now its 23k on the same site. Lucky I bought it 2019. for 29k in oct/nov right before covid, right when the dealership had zero sales for October and it was 10 days before nov.. I got a steal.
$$$
you lost your shirt.
looking to buy 2024, 2500 LTZ but the prices outrageous I can remember when the baseline custom 2500 was about $40,000. It’s now running close to 55,000. is there any chance the heavy duty truck market will go down next year looking to buy my last truck. I remember in 2019 my wife bought a Toyota forerunner for the price that it come off the assembly line. do you have a quick reference sheet or tips when buying a new vehicle to avoid overpriced and fees dock fees or Add on fees? also, great video.🙌
I noticed it with the ram diesel HD trucks. New model's are actually back to reality. 50k for a base, 60k for some nice options and 70k loaded. That 20k+ plus off MSRP really helps.
I feel for anyone who paid 75k for a tradesman
Nice
You really believe that REASONABLE for a half ton truck? I wish I had your $$$. Best wishes.
@allamar9083 taking about HD trucks, get some context clues
50k for a base model "HD" fca/renault/MB pile of crap is highway robbery. Those trucks shouldnt be a penny over 35k. It's a turd with a Cummins (which has had issues recently) on the inside.
I have a fun game for you this Sunday if it’s nice out. In Illinois dealers are closed. Drive through a few new car lots and find me a BASE OF any yes ANY VEHICLE. TAKE COFFEE AND DONUTS ITS GONNA BE A LOOOONG DAY. BEST wishes and good luck.
I will add something about the trx. I have 23 with 5k miles. I paid msrp for mine witch was $97k. I need to get back in a 3/4 and was actually offered $93k for it in tx. I was actually surprised bc of how the market it is. The salesman told me with Trx’s coming with a straight 6 now the v8s are starting to hold or actually go up some in value.
I believe it. People already dislike the prices but nobody wants a 4 or 6cyl for the price of a small house!
I don’t understand why people didn’t walk away and wait. Don’t pay over msrp.
I've got a 2003 4x4 DBL cab Tacoma that I bought brand new. It now has over 200,000 miles and I will never sell it. The prices today of new vehicles is insane.
I’m just going to keep driving my 1985 Pontiac T-1000 thank you very much!
RAM TRX is a bit of an exception, new 24 models are still being marked up 30k over MSRP where I'm at (130-140k for the "Final Edition"). But nonetheless, good video. Hopefully interest rates stabilize things soon.
My wife's side of the family owns a Ram dealership. They have two TRX's and over Thanksgiving weekend they said they can't get any of these at auction for a good price because they are going well above $100K. They said it's because they are getting rid of the V8, so everyone is trying to grab them. Maybe they are just giving me BS, but I got to drive it for the weekend and it's awesome! I wish you could see how the Ford F150 Raptors are doing. I'm looking for one of those.
Hey Lucky - where do you see prices for exotic cars going? Ferraris, Lamborghinis, Porsche etc?
What do you think about the 2020 F350 diesel?
You should do a follow up next month for your predictions
What about speciality trucks like the Ford Raptor?
Unfortunately, we’re I live in southern Maryland. There are multiple military bases and federal government employees so the prices are always going to be too expensive.
A small % is definitely not getting my attention. Salesmen where I live ,17 degrees ,are running out to get you if you dare drive in the lot. Price are and will remain way out of most peoples range. 55K for a 1/2 ton is just stupid. When I pass one(any brand) I just smile at the person driving it. Good luck down the road.
Tundra also has low towing capacity in most configurations.
Even MSRP is higher than it was just a few years ago. So if I don’t see at least 20% off MSRP…keep it. No stupid mark ups. No stupid add ons or such. Im 45 and have 4 paid off vehicles and work on my own. I have zero need to buy new till I leave this earth.
Bro. You should start doing a wristwatch check for us watch nerds. Looks like you’re wearing a Casioak with an AP Royal Oak case and bracelet mod. Haha. I’m always trying to zoom in and figure out what you’re wearing. Haha.
I second this
Keep sleeping on the tundra. 5.7 v8 is riding fine and paid off! great video
Any info on newer Toyota small pickup? The name Stout comes to mind. I think there’s a large market for a smaller truck, like the old Rangers.
Great video sir. Well done.
Great info! What I don't get is how did the price of a truck get so expensive? Where is the value? It's a truck, not an exotic.
My oldest son bought a new Rivian for 71k and then took advantage of the 10k tax incentives. He makes a lot of money aqs an engineer so it all penciled out. That said he waited a couple of years for the car and now Amazon is equipping their fleet with them. They are not going away any time soon...
Thanks for all the info....
I've been seeing amazing prices on used Nissan Frontier Pro-4Xs, the new generation 2022 and 2023, for $35,000, with only 20,000 miles on them.
And they still have the naturally aspirated 6-cylinder.
Amazing prices compared to all the new mid-size trucks with the turbo 4cyl.
Nice looking quality vehicles for great prices.
Also seeing Nissan Titan Pro-4xs, with 30,000 miles, for $38,000 to $42,000.
These are the newer generation with the naturally aspirated 8-cylinder engine, and fully loaded.
Again, amazing prices for a great quality full-size truck when compared to today's newer trucks.
The price differential is astounding when compared to the other big-name brands.
I can't believe so many people will sacrifice so much money for today's trucks.
They are ridiculously overpriced.
Another great video Lucky! I am looking at buying a used 2021 or 2022 F-150 Lariat next year sometime, when do you think a good time would be to buy one? If they are still dropping in price maybe wait until it bottoms out and stays at a certain price for a bit?
Best time to buy a car that new is never. You will always lose a lot of money, you can put a lot of effort and thought into how to lose less money, but you will still lose a lot of money. Even the people who sold their car "for more" due to the once-in-a-lifetime supply chain shortage, they almost certainly paid a bunch of dealer fees and interest on their loans and ended up at best breaking even.
Some of us just said screw it and bought a highly optioned older truck that we could save and pay cash for. Couldnt be happier.
Where? I’m looking for an old style Ford Ranger and if anything they want more now for anything that isn’t rusted junk. I’ve actually see some low mileage examples selling for more than their original MSRP.
The Tacoma market around Denver is rough. I ended up buying a new 2.7L 4x4 SR because used Tacoma prices are just ridiculous.
I have an EV and my insurance is about what a similarly priced ICEV costs. The charging is not that big of a deal IMO. If you can afford a $100K F150 Lightning you probably have a garage you can charge in and another car to go far. I use my EV 90% of the time around town and have a minivan for road trips.
I have an allocation for a base hummer next year at MSRP. Should I deny it? I just wanted to flip it. I don’t pay sales tax so it made sense for me but what do you think.
just picked up a 2010 es350 , nav/mark levinson. 123,000 miles , garage kept. always serviced on time at the same sacramento lexus dealer . $9,500 before tax, bought for college . good deal ?
well done , I see so many problem with the truck market at the moment here in Canada Ford and Dodge have the lot jam full of trucks still way overpriced for what people can afford. Contractor like me can't even afford a new truck so we buy used but the used market is also overpriced ... like a Tacoma 2019 sr5 w 148 K for over $40000CAD and we pay 12% taxes on that ...
Huge issue with used EV car and trucks NO ONE is talking about , the used resale value after the warranty is over, essentially a lability because after 3 yrs the pack is mostly done or will fail soon and the replacement is probably double what you paid for the car !!
Why did you not choose the 2023? How do those prices compare to the 2021's?
Cab you do a review just like this did SUV's?
My take on electric vehicles is when they get to the 5yr. to 8yr. old mark the battery packs will be needing replacement. Current prices I have seen for replacement battery packs for Lighting and Teslas is about $30K give or take. You would be lucky to sell an old EV for scrap value.
My friends and I would mess around with golf carts from time to time and you could a functional one for like $300 with dead batteries. The batteries were a couple grand back then. With modern cars, a dead battery will total the car just like it did with the old golf carts and lead acid batteries.