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Just my 2 cents here, but buying a brand new truck right now would be a complete waste of money given how fast they've fallen in value since 2005. Plenty of people dumped them when they couldn't afford the gas, and you've got a lot of nice barely used trucks and SUV's out there selling for less than half of original MSRP, and they're only a year or two old. Why throw away $40k when you could have the same truck for $20k or less depending on how far back you want to go...
Heck, my buddy bought an 05 GMC Yukon Denali at a dealer auction for $8,000 a couple months back - looked brand new and had no issues. Those things start at $49k, and this was a fully loaded model with the DVD and navigation system and everything. With prices dropping that fast, there is no good reason to pay top dollar for a new car.
Yes I bought a 07 Durango in july of 07 for 23k and it had 16000 miles. Now since then the prices for the same truck have fallen and you could get the same one for around 17-19k right now. Good truck and can pull some crap..
My brother just bought a new chevy crew cab 6 months ago and its real nice,,,,,
Just my 2 cents here, but buying a brand new truck right now would be a complete waste of money given how fast they've fallen in value since 2005. Plenty of people dumped them when they couldn't afford the gas, and you've got a lot of nice barely used trucks and SUV's out there selling for less than half of original MSRP, and they're only a year or two old. Why throw away $40k when you could have the same truck for $20k or less depending on how far back you want to go...
Heck, my buddy bought an 05 GMC Yukon Denali at a dealer auction for $8,000 a couple months back - looked brand new and had no issues. Those things start at $49k, and this was a fully loaded model with the DVD and navigation system and everything. With prices dropping that fast, there is no good reason to pay top dollar for a new car.
I agree. The best value on the market today is a 2-4 year old full size SUV. Tahoe, or Yukon. Dealers don't want them because they don't move fast enough and you can get a lot of truck for little money. They are both built off the Silverado chassis and have the advantage of being enclosed. Later models will also get you 18-20 MPG. You get a lot of truck for your money.
Yeah I totally get that, and I know that our products aren't always made here.
It is my understanding though that if you buy an American truck, and the profit gets written up under GM, that money stays here in the USA where GM is headquartered. I can't say the same for buying a Toyota, where the profits got to a company NOT based in these borders.
It's not just the emblem on the car, it's where the money goes when you buy one. I have no problem with American workers being paid to build products sold here using foreign parts...but at least I know that buying from an American company keeps the money here in the USA.
Not picking a fight, just saying what's on my mind.
It really is more complicated than that. You have to factor in the shareholders. Just because a company is American owned doesn't mean the shareholders are American. People all over the world could be profiting (or not as the case currently is) by owning shares of any American or foreign vehicle maker. You also have to put some value on the money being paid to the American workers turning over in the economy whether those dollars are being paid by an American company or a foreign company. Also, revenue brought in by an American company could be going to pay a foreign company for its products and vice versa. We also have to acknowledge the primary reason foreign vehicle manufacturers began to make their products in the US was due to high tariffs on imports. In effect, we caused this by trying to protect American interests. We can't really block imports from other countries or we'll have no export market.
I heard a braniac economist speak one time on this subject and it was very interesting. I can't remember all of the discussion but what I took away from it was that it is an extremely complicated issue with no easy answers. Just listening to the guy would make your head spin.
Didn't take it as a fight, just a good discussion.
If you live in the rust belt think twice. Tundra has had severe problems with frame rust. Toyota has been stepping up under warranty but it is still a scary thought.
That's interesting. When I sold my 8 year old Tundra, it didn't have any rust on it anywhere. My 3+ year old Suburban already has some surface rust in a few places which is one of the issues that really irritates me about the vehicle given that rust is one of my pet peeves. I would imagine it is hard for anyone to build a vehicle that won't rust where they salt the roads. Fortunately, I don't live anywhere near the rust belt.
Good discussion, thanks. Can't DD the Vette, or won't, many reasons. I may keep the 02, but if the guy offers silly money it goes. I go when & where I need to, weather gas is $1 or $4, I cannot really control that. But, I would like to look to improve some. I'm afraid a cobalt will not get me into or out of most of my hunting spots.
No thoughts on SUVs, anything else?
David
Hey David,
Sorry we hi-jacked your thread with the American vs foreign discussion. DB and I owe you a beer -
As far as SUVs, I have a Suburban now that fits my needs but I used to own an '87 Jeep Cherokee with the inline 6 that I really liked. It could go anywhere but build quality on non-drive train systems wasn't near as good as my Tundra or my Suburban and believe it or not, my Suburban gets better gas mileage. Don't know about the current Cherokees. With the right setup, you won't have any problem getting to your hunting spots.
i say not to sell.. but with the other person offering ridiculous amounts, i guess it might be worth it.. depends on totals and what you have to spend. i figured a couple years back @ 370 per month for new vehicle the cost was greater than if i replaced all major components through the same years of payments....
now, if you bought one at auction as stated above for like 8k, probably worth it.
Whatever you do, don't run out and get something you have to make payments on... if you can't afford to pay cash, you can't afford it. If someone buys your old car for cash, limit your next vehicle purchase to the amount of cash you got for the sale.
Just think about it this way, instead of throwing away $450 a month on a car payment, you buy the car cash and put that $450 a month into a 'next vette' fund. Either way, the money will go a lot further in your pocket than in the bank's.
We'll never get our American automakers back if we all keep ditching the American truck for the foreign truck. The quality of the new trucks is fine, I have been in plenty of crap broken down new Toyota trucks, and it's a chain reaction that will kill the American auto makers if everyone starts buying foreign. The only way to save them is to put a little bit of faith in them.
With the economy the way it is, IMO spend the money where the profits stay here.
My crap Toyota Tacoma I bought new in 2000 still running strong and no rust outs anywhere on it. Have not had to do anything to it but routine maintenance and 1 set of tires. Also gets me into all of my hunting and fishing spots with no problem either.
Sorry we hi-jacked your thread with the American vs foreign discussion. DB and I owe you a beer -
As far as SUVs, I have a Suburban now that fits my needs but I used to own an '87 Jeep Cherokee with the inline 6 that I really liked. It could go anywhere but build quality on non-drive train systems wasn't near as good as my Tundra or my Suburban and believe it or not, my Suburban gets better gas mileage. Don't know about the current Cherokees. With the right setup, you won't have any problem getting to your hunting spots.
DC
The two of you are welcome in my camp anytime, and that beer will go down nicely.
I had a very similar Jeep, crafted a double dog box for the rear compartment & drove it all over the country chasing birds. The Tahoe is on my short list.
For the economists here, thanks. I wish all of America was as fiscally responsible. None of my employees own a vehicle because they cannot do without a new one every three years and they always lease. I have never made a car payment, and I was ahead on this truck when I bought it.
Still looking at mid size SUVs no longer looking at the high end ones, Lexus, BMW etc.
. We also have to acknowledge the primary reason foreign vehicle manufacturers began to make their products in the US was due to high tariffs on imports. .
DC
I just googled "import tariffs on cars in US". I found that such tariffs average 2.5%. I don't think that was the motivation for foreign companies building plants here. In my opinion there were two reasons: 1. They got huge cost saving incentives from each state where they located, giving them an advantage over the domestics, and 2. They wanted to create the mindset among their buyers that since their car was assembled here, its just as good for our economy. How many times have you heard some flag waving patriot proudly proclaiming that his Toyota, Honda etc. was made in some former Confederate state?
I don't know anything about trucks or SUV's, make no sense to me, for utility I still drive a '68 Chevy van with a built small block between the seats, but I service a lot of vehicles in my work, and I see a ton of high mileage Explorers and Jeep Grand Cherokees that seem to run forever and can be purchased on the cheap.
I own a 99 Silverado 3/4 ton HD, a real work horse,I mentioned this in another thread too. Often thought about changing it, but it's never given me any trouble what so ever. Face it, nothing beats American when it comes to full size trucks. CHEVROLET!!!!
Tony.
I'm no hunter, so I could be completely off base here, but can't you get dog boxes that mount to a trailer hitch? If so therefore, I'll also throw my $.02 in on a midsize SUV. Again, speaking about my Grand Cherokee, it gets me wherever I need to go offroad. You could get a utility trailer too and tow that as a replacment for your truck bed. I say these only because you mentioned you were thinking about something different than a full size truck.
I will put my .02 in before the Mods close this for being Non-Corvette related. Have you thought about an extended cab Tacoma. great trucks.Last forever, and good on gas!!
I will put my .02 in before the Mods close this for being Non-Corvette related. Have you thought about an extended cab Tacoma. great trucks.Last forever, and good on gas!!
Hm, never thought about this being an inappropriate thread. Sorry if it is. But as I cannot get my dog and gear into a new vette (trust me, I have thought about it A LOT), I have to contemplate a different vehicle, just thought others here may have gone through the same thing.
I have not and will not ever put a dog in a hitch mounted box. Exhaust fumes will kill a dog, many have died in those contraptions, and I don't like my pals sticking out in traffic to be hit fist, better that be in the vehicle.
David, good point on the trailer mounted dog boxes and I feel like a Homer Simpson "DOH" moment for even suggesting it. Thanks for bringing that to my attention. See, I said I was no hunter.
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