Waiting on New Trucks thread.

To me, their best quality is one’s equipment is out of the weather, sheltered from salt and calcium chloride spray. Chains and binders stay looking new, for years.

 

how much are they asking?

 

$46,500.they been asking for that for a few weeks now with no sale

 

This is why I’m so scared to pull the trigger on the 579 I’m looking at. Granted I know it’s a double edge sword and lower new truck prices makes my trade worth less but I’m confident in saying my 389 will hold better value than the 579.

I just think we are about ready to see a glut of new equipment become available and prices plummet back down to the 2019 levels. Credit is drying up, freight rates in the dump and carriers opting to sit than run, where exactly is the catalyst?

For the 579 I’m looking at, it’s so overinflated in price that they are overvaluing my trade-in so essentially the 579 is priced at $191K from the $229K sticker price. And my fear is that as soon I drive it off the lot it will be worth $180K and that could quickly turn into $150K if the market declines further as the year goes.

 

579 will cost close to 165 to 170 from factory by the end of this year if the freight market stays the way it is and keep declining which looks like it will. All the contracted carriers will feel the pain soon when spot rates start pulling the contract freight prices down. Orders start getting cancelled left and right. Dealers can not hold those cancelled truck for too long either. they have floor plans (revolving credit) with adjustable interest rates which are not going down either. When that truck start costing them more and more. they will cut deep to move the inventory or the bank will force them to.how economy and trucking is right now, i think we will go back to 1 to 2 week delivery on new truck orders by the end of 2023.

 

I fully agree. Right now we are $4K away from a deal but I feel confident my 389 will keep better value than a 579 will. I understand the fuel savings I would get but that is washed away (and possible more) if the value bottoms out in the 579.

 

But are you planning on selling it this year or next year? If no then who cares what it is worth as long as it is saving you money based on current truck.

 

Or the manufacturers will slow down production to keep prices up. Most will do this before letting a bunch of new trucks sitting around.

 

The value of your 389 is meaningless, when it’s costing you exponentially more money, everyday, to roll it down the road, over the 579. It’s a huge detriment to your bottom line, you’ll never see again. That $4K you’re apart on the 579 deal is easily recouped, in the first few weeks of ownership. You’re not looking at this quite right. You’re too hung up on resale/trade value, when the lifetime operating costs far exceed the extra value, over the 579.

 

Far exceeds? No. It’s a lot closer than you’d believe. Neck and neck actually.