Really cheaper to run a new truck?

I think you could get a 2010 or 2011 for around 80 to 100 with low miles and still under warranty and then get the extended warranty. The difference would be $500 or more, you can pay it off quicker and its under warranty which you want. Plus you do not pay that huge FET tax which can be like $15,000 on a new truck.

 

Use The http://www.truckpaper.com it will give you a real good idea as to the options the even have a financial calculator so that you can approximate the payments

 

which way do you want to pay for it?

As an aside. Brakes, tires, exhaust, shocks, oil changes, coolant and gear boxes are not going to change the service intervals.

All of those expenses will be pretty much by the same for all those preventive maintenance's.


But hey, you got a new truck, so why do you have to do maintenance?

You could by a $20K truck that's got a year to go before a major and then do a major, new clutch and full fluid change over and you'd have less than $45K tied into the entire truck.

A price of a tire is still going to be the same be it a 2006, 2010 or 2012. Along with brakes and all the rest of the stuff.

 

The variable here would be loss of income and service failures related to downtime. Although new trucks are also susceptible to breakdowns / warranty issues, I'd think that there's more of a risk with an 'older' truck, no?

Trust me, I agree with your philosophy on going with the 'not so new' truck, but I'm playing the devil's advocate here.

 

I know what you mean.

The "risk" is still there with the new truck. But the warranty should cover you for that first 300K or 500K depending on make.

If you get a factory reman on an engine, I'd sure hope and think you'd be getting at least a 12 or 24 month warranty on that as well.

And yeah, I am struggling with this same "thought process". But the older less expensive truck is winning.

 

Remember to check insurance cost of both.
And think, if things go wrong [ you get sick, freight down-turn,bad weather, wreck,whatever ] , it is a whole lot easier to make the smaller payments on a used truck that those astronomical amounts of a new one, if you have to sit a while.
I bought one new truck years ago, never again.

 

We have all 09 or newer Cascadia's. The newest trucks under 80,000 miles seem to be in the shop the most.

 

I think part of the answer should be in what the monthly payment is. Whether you buy a cheaper used truck or a brand new one with a large cash down payment, I would keep your monthly payment below $1200. If you don't have the cash to lower the payment on a new one, than there's your answer. For most people, a $1200 or less payment is no big deal. But for many, a $2600 payment keeps them living month to month.......hoping nothing goes wrong to set them back. OK, maybe I shouldn't say "most" people, but for me personally, I wouldn't want to live that tight.