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new truck prices
danielgage
Member Posts: 10,584 ✭✭✭✭
I dropped my sons truck off at the Ford dealership to get the air-conditioner fixed and was waiting on my ride home and made the mistake of walking the lot and looking at new trucks found one I liked and it has haunted me ever since over $74,000.00 [:0][B)]
WOW
who can afford these [?][?][?]
WOW
who can afford these [?][?][?]
Comments
Plus personal property tax
Plus full coverage insurance
No thanks. I'll keep driving the old stuff.
who can afford these [?][?][?]
Not many, and most who do buy them can't "afford" them. I have been saying for years that the average working stiff will not be able to afford an automobile at some point.
A friend of mine bought a new 1978 F150 with the Explorer package. He wanted AC, and had to get the Explorer package to get that. He didn't want the rest of the package, carpet, wheel covers, stripes, but that's what he had to get to have AC.
Anyway, he paid $8500 for that pickup. What would that pickup cost today? 40K? 45K? 50K?
At 40K, that's 4.7 times the 1978 price. Wages sure as hell haven't went up 4.7 times since 1978.......
1978 I was making $4.50/hr at a good job, now that job is paying $28.00 (entry level, $50.00 hr. journeyman). Plus you are getting a lot more 'truck' now. 1978 if you got 80,000 miles on it you drove it to the scrap yard (if it still ran). Now 250,000 miles is 'normal' plus much less maintenance.
my boss buys a new one every year, alternating years with his wife getting an suv, gmac zero interest still runs 900 a month each vehicle, but beats the hell out of paying it to the irs
pay in 10,800.00 write off 70k +
I dropped my sons truck off at the Ford dealership to get the air-conditioner fixed and was waiting on my ride home and made the mistake of walking the lot and looking at new trucks found one I liked and it has haunted me ever since over $74,000.00 [:0][B)]
WOW
who can afford these [?][?][?]
quote:Originally posted by spasmcreek
some places that would buy a decent home or acreage..wish toyo or nissan would make a small truck again with an engine that gets good mileage..those were tough trucks...wife bought a 90 nissan and we ran it to 230K and it went to another state and went for more years
Rural Property outside Bogota Colombia, 3 acres, nice house 6 bedrooms, 3 baths. $80,000 (250 million pesos) asking price negotiable. Nice pictures (8). Click on main picture to see others.
Lot of money but it's near the Capital. Same house / land would be maybe $40,000 where I live. Probably less, small farms don't sell for much.
https://inmueble.mercadolibre.com.co/MCO-452316538-se-vende-o-permuta-finca-entre-guaduas-villeta-13551-mts-_JM
or a pickup? [:D]
Must be quite a truck for $74K. A Ford F-150 4 dorr, LARIAT TP 3500CC 4X4 brand new where I am, is $55K. In 15 years I've never seen a full sized 4 door pickup truck.
https://carro.mercadolibre.com.co/MCO-452658850-ford-f-150-lariat-tp-3500cc-4x4-_JM
I'm also holding out till the new jeep truck comes out, but will wait for the Diesel.
I saw a bass boat with a $74,000 price tag on it and the sales lady said it was sold.She said some of the Ranger boats retail for $85,000+
You can also get a 120 month loan on boats these days.
They may as well just call it a mortgage.
Brad Steele
quote:Originally posted by Horse Plains Drifter
quote:
who can afford these [?][?][?]
Not many, and most who do buy them can't "afford" them. I have been saying for years that the average working stiff will not be able to afford an automobile at some point.
A friend of mine bought a new 1978 F150 with the Explorer package. He wanted AC, and had to get the Explorer package to get that. He didn't want the rest of the package, carpet, wheel covers, stripes, but that's what he had to get to have AC.
Anyway, he paid $8500 for that pickup. What would that pickup cost today? 40K? 45K? 50K?
At 40K, that's 4.7 times the 1978 price. Wages sure as hell haven't went up 4.7 times since 1978.......
some places that would buy a decent home or acreage..wish toyo or nissan would make a small truck again with an engine that gets good mileage..those were tough trucks...wife bought a 90 nissan and we ran it to 230K and it went to another state and went for more years
I'm not sure who will make it, but supposedly Ford is bringing back the Ranger in a year or two.
quote:Originally posted by 1911a1-fan
complete first year tax write off if over a certain weight
my boss buys a new one every year, alternating years with his wife getting an suv, gmac zero interest still runs 900 a month each vehicle, but beats the hell out of paying it to the irs
pay in 10,800.00 write off 70k +
Plus sales tax
Plus personal property tax
Plus full coverage insurance
No thanks. I'll keep driving the old stuff.
That property tax on my 2017 F-150 is gonna be a kick in the ballz next year [:D]
"Wages sure as hell haven't went up 4.7 times since 1978......."...............no, they've gone up more than that.
1978 I was making $4.50/hr at a good job, now that job is paying $28.00 (entry level, $50.00 hr. journeyman).
If you were making $4.50 in 1978, you had a chump change job. I remember my dad making $4.50 as a mechanic for a logging company in 1972. In 1978 I was making $5.00 lopping slash on logging jobs. In 1978, my friend who bought the pickup was making $10.00 as a millwright in a sawmill.
quote:Originally posted by danielgage
I dropped my sons truck off at the Ford dealership to get the air-conditioner fixed and was waiting on my ride home and made the mistake of walking the lot and looking at new trucks found one I liked and it has haunted me ever since over $74,000.00 [:0][B)]
WOW
who can afford these [?][?][?]
Meh ,,,,,,,it's just money, you can work for all that you want !!!! [:D][}:)]
I reckon so
This article gives an excellent explanation of why new pickup trucks cost so much.
One great quote.
The F-series has been the biggest beneficiary of the revolution in the pickup business. The increasing popularity of personal-use trucks has pushed average transaction prices to $40,000, and some high-end models?with luxury touches like stitched leather, heated and cooled seats, and LED interior lights?sell for more than $50,000. Vehicles that are mechanically simple, rarely reengineered, and sold in huge volumes, such as pickups, are automotive cash cows. Analysts figure that F-series trucks, with top-shelf trim lines like King Ranch and Platinum, generate gross profits of 40% per unit, or $12,000.
Listening to a mechanics radio show out of Houston one of the guys had just bought a new Ford F something or other loaded and he made the comment that a new outside mirror cost $1400.00 from Ford.[:(!][:0][:(!][:0]
friend of mine bought a super duty ford f250 I think. he said the mirrors were 1200 a piece if you had to replace them. telescoping, light up. all that crap. I about fell over. ive paid less for an entire vehicle.
That's about $1,500. more then I paid for my house.
yes sir
houses appreciate
and vehicles depreciate
actual sale price says $72,560.00
serf
http://www.whiteoutpress.com/articles/2016/q1/move-mexico-ford-no-longer-made-usa/
According to the most recent results of Fortune Magazine?s annual list of American made vehicles, there are only seven cars or trucks actually made in the USA. And none of them are Fords. To qualify as being ?American made?, at least 75% of the vehicle must be manufactured in the US.
Forbes 2015 list of American-made vehicles:
1. Toyota Camry
2. Toyota Sienna
3. Chevrolet Traverse
4. Honda Odyssey
5. GMC Acadia
6. Buick Enclave
7. Chevrolet Corvette
Plus sales tax
Plus personal property tax
Plus full coverage insurance
No thanks. I'll keep driving the old stuff.
Few people realize the cost of GOVERNMENT is the reason new vehicles are so expensive.
The biggest benefactor of any new vehicle sale is GOVERNMENT and GOVERNMENT does absolutely nothing to produce vehicles.
GOVERNMENT merely taxes, regulates, and mandates every imaginable process from digging the ore, the labor, and movement of every piece including the tiny fasteners used in assembly.
GOVERMENT does not produce, it takes.
quote:Originally posted by danielgage
I dropped my sons truck off at the Ford dealership to get the air-conditioner fixed and was waiting on my ride home and made the mistake of walking the lot and looking at new trucks found one I liked and it has haunted me ever since over $74,000.00 [:0][B)]
WOW
who can afford these [?][?][?]
The farmers around here don't seem to have any problem with getting new pickups.
Mostly top of the line models with all the goodies, 4x4's and oil burners too.
Of course, they write them off their taxes as a business expense.
[:0]
well this hay farmer has a 2004 and son has a 2007 and they were bought used
quote:Originally posted by danielgage
I dropped my sons truck off at the Ford dealership to get the air-conditioner fixed and was waiting on my ride home and made the mistake of walking the lot and looking at new trucks found one I liked and it has haunted me ever since over $74,000.00 [:0][B)]
WOW
who can afford these [?][?][?]
The farmers around here don't seem to have any problem with getting new pickups.
Mostly top of the line models with all the goodies, 4x4's and oil burners too.
Of course, they write them off their taxes as a business expense.
[:0]
Very little profit in farming right now.
That's about $1,500. more then I paid for my house.
$ 30,000.00 more than I paid for my first house.
While some can afford to spend that much, I just don't get why one would.
Brad Steele
serf
http://www.newsmax.com/Finance/StreetTalk/consumer-debt-spending-credit-card/2017/08/11/id/807154/
Household debt outstanding ? everything from mortgages to credit cards to car loans ? reached $12.7 trillion in the first quarter, surpassing the previous peak in 2008 before the effects of the housing market collapse took its toll, Federal Reserve Bank of New York data show. To put the borrowing in perspective, it?s more than the size of China?s economy or almost four times that of Germany?s.
Car sales, while recently showing signs of rolling over, have been an economic mainstay over the past several years. But for all those cars rolling off dealer lots, more Americans have car payments. Motor vehicle loan liabilities are at an all-time high.
They are too expensive and they are a PITA to work on.
Our new 2017 F-350 dually cost almost twice as much and my 10 acres and house did 27 years ago. But then again, I make about 4 times what I did back then.
Well congratulations you are at least treading water,most of the what was the middle class did not. That's the great lie they perpetuate to the ignorant masses now.
The most dangerous moment is coming? Or has it already appeared?
serf
http://www.businessinsider.com/stephen-hawking-ai-automation-middle-class-jobs-most-dangerous-moment-humanity-2016-12
Artificial intelligence and increasing automation is going to decimate middle class jobs, worsening inequality and risking significant political upheaval, Stephen Hawking has warned.
In a column in The Guardian, the world-famous physicist wrote that "the automation of factories has already decimated jobs in traditional manufacturing, and the rise of artificial intelligence is likely to extend this job destruction deep into the middle classes, with only the most caring, creative or supervisory roles remaining."
Combined with other issues ? overpopulation, climate change, disease ? we are, Hawking warns ominously, at "the most dangerous moment in the development of humanity." Humanity must come together if we are to overcome these challenges, he say
Yupper, that's the way it works. I buy cheap(er) used vehicles every couple of years and write the expenses off. That's why I'm driving 3/4 ton pickups that qualify as "farm vehicles" instead of cars(which would get better MPG).
One should take into consideration the huge number of vehicles that are simply LEASED, and NOT PURCHASED!
Just bought one off a three year lease for a big discount.
Cannot write off entire amount if cost is over $25,000. Section 179 write off is limited to $25,000 on an auto if it meets the GVWR requirements. Then, if the auto is new and not used, a person can deduct 1/2 of the remaining cost as "bonus depreciation" and then take 20% of any remaining basis as normal depreciation. Example: Cost of new vehicle is $70k. Deduct $25k of Section 179 giving a remaining basis of $45k. Bonus depreciation can be $22,500 giving a remaining basis of $22,500. Typical first year depreciation on a vehicle is 20% so that means $4,500 of normal depreciation. Total depreciation on this vehicle is $25,000 + 22,500 + 4,500 = $52,000. But then they have only $18k to depreciate over the next 4 years. Next year they would be paying the $10,800 and only deducting around $5,700. Third year even less depreciation and continuing after that. That is assuming the vehicle is used 100% business and no personal use to it at all. Unless the boss' wifes vehicle is used for the business, then he should not be deducting any expenses for it.
quote:Originally posted by 1911a1-fan
complete first year tax write off if over a certain weight
my boss buys a new one every year, alternating years with his wife getting an suv, gmac zero interest still runs 900 a month each vehicle, but beats the hell out of paying it to the irs
pay in 10,800.00 write off 70k +