Old thread but interesting.
Um....never ending payments "won't cost you hardly anything" ? Ok.
Don't get me wrong, I burn through cars like toilet paper, but I'm not fooling anyone by saying it doesn't cost anything. :roll eyes:
Your theory is okay about trade in value....all the way until you try and trade in on a new model year. Just ask a first get Tundra owner, or a T100 owner. Or try a Ford truck owner how their resale value is. How much are Raptors used? Hmm.... They do have a nice blue though, just like the owners after they realize their depreciation, blue, blue, blue, singing the blues.
I agree with you on the never ending payments. I keep my trucks long after they are paid for and always save money that way wether the replacement is new or used like my 2007 Tundra.
I still feel the way ecconomic advisers recomended 50 years ago ,never finance an automobile or truck for more than 3 years. I have always held to that rule and saved beaucoup $$. Although nowdays with vehicles having much longer life spans I supose the payment duration could be lengthened some.
It is hard to look into future more than 3 years and predict financial stability ,so to protect your investment put at least 20% down and finance for the short term. In that way you will most likely be able to not loose your investment inthe event of downturns like we are now expierencing.
T100s, I bought a new 1995,wanted one earlier but the 3.00 engine was weak ,so waited for new engine. List was around $18800 or so paid $16600 , financed around $6000 @ 3 years . Great truck and same size as full size 1st gen Tundra. Just sold it 2 weeks ago for $5450.
Colors ,Yeah Toyota could offer more , the cheap ass buggers probably go for the black friday specials , but they are building in U.S. with very high North American content and havn`t needed a taxpayer bail out.