2020 Peterbilt large car

Almost any truck that isn’t “fleet spec” on the inside is north of $170k now. And you’re not walking in and financing a new truck without a down payment. I put a pretty healthy down payment on my truck, my payments are $2100 a month for 4 years at 5% interest thru my local bank.

And you’ll still have people that take pride in what they do and want a nice truck speed limiter or not. You’ll have people that will say they’re quitting if it goes through. Some will, most won’t. Just like with the ELD.

 

Well I’m going on record now that I’m quitting if 65 limiters gets passed, not a speed limit of 65 but a law stating my truck has to be limited to 65..

Most trucks are 160-180k now regardless of make, about the only truck that isn’t is international and I’m sure that’s because they are still trying to earn buisness and trust after the max force deal.. I want a new one but having a hard time commiting to it... seems they really jumped up over last few years along with everything else

 

My last day cab was $144K........ $2100 a month for 60 months.

 

People will always need new trucks, and will always be buying new trucks. Nobody will go out of business. Back in 99 Peterbilt was going to finance me $100k on a new 379 with no money down. I put a good down payment on the truck I have now and financed $90k. In a year I’ll have it paid down enough that if I want a $190k new truck I’ll be able to sell mine, put some money with it, and finance around $110k. For most people the amount financed doesn’t really change because you’re not going backward in trucks. And if you do have something that isn’t run of the mill it moves easier for more money on the secondary market as a private sale.

Back in 2001 my brother ordered a new 379. 600 Cat, flattop, some wheelbase compared to what was selling back then. It had every gauge and toggle switch you could get to fill up the dash, premium sound system and the best of everything. It was just under $117k and at that time everyone thought he was crazy. You could buy a long hood from Dallas Peterbilt (remember their Truckpaper ads back then) for between $100 and $105.

 

I don't know who is full of crap here, bank or dealer cause 2500×120 month = 300 000. Since when people starting to take 50% interest rates?

 

$190k principal, $110k interest paid.

 

You tight, not 50% but stil 110k extra. that's another 2-3 year old truck in perfect condition!

 

But the bank would love you as long as you kept making the payments.

 

Long term loans with significant interest rates end up costing a lot of extra insurance money.

10% is a high interest rate.

 

People are just going to start holding on to older trucks longer than they already are. Same thing is happening in the car industry...they are pricing themselves so high nobody want to buy. I think I was this past June that was the worst car sales record in like 15 years or something. Example I bought my 2013 F750 Cummins 6ac/10spd for just over 60k out the door as a good clean used truck in 2014. Chevy has now broken the $100,000 mark mark with a pickup. How the literal #### does that make sense. My truck was about 80k new yet a pickup is 20k more than that and can do like a 1/10 the work lol. I have a 2004 suburban that I've had forever and thought a few months back maybe I'll upgrade...new suburban specd like mine 85k....who does that? Lol. The same thing is happening in the truck market, they are getting more and more expensive yet drivers pay isn't going up so guys are just gonna make their trucks last.