Over the past 5 years I’ve realized that trucks have gone insanely expensive.
Not to mention that a truck enthusiast immediately gets acquainted with its features and looks but nowadays, the rising prices has caused many people to re-evaluate their decision.
As a matter of fact, even if you buy a pickup truck with more than 100K miles, it will still cost you around $30K and can go as much as $40K+.
Most of the small business use these pickup trucks and normally never resort to upgrade them until they have. Honestly speaking, they never upgrade those trucks until they are of no more value than scrap. Even the scrap value they get is $3,000. This and the growing demand of used trucks might be the reason of shooting prices.
If we look at the consumer behavior, more and more Americans are Buying Trucks and SUV’s as compared to cars. This creates a supply demand gap as well. Majority of the people want a truck but those who already own one don’t want to sell. In simple, there is low supply and a very high demand that pushes the price up.
You probably know of the Dodge Ram D150 that used to be queen of road in the late 90s. Ever since, trucks have changed. They are way better.
The modern-day trucks are packed with multitasking features. No doubts. They drive smooth, handling and brakes are flawless, mileage is outstanding, 4 wheel, eight speed automatic and all those fancy specifications surely pumps you up.
Talking about a few popular ones, like the Ford-150, it costs on average $28K-$64K. Similarly, the Ford F-150 Raptor costs around $55K, the Chevrolet Silverado 1500 ranges between $28K-$57K, GMC Sierra 1500 $30K-$60K, Ram 1500 $27K-$55K, Nissan Titan $30K-$57K and the Toyota Tundra $30K-$55K. We can go all day like this.
Surely each one of them is a gorgeous truck and a beast on the road. But their prices evoke the wide-open spaces of the wallet. Even the smaller trucks like Tacomas and Frontiers are ridiculously over-priced.
If you say that you’ve got a budget of $5-$10K for a truck, I would say NO. You’d be lucky if you find a good bargain. I’ve made a lot of research on truck prices and majority of them are priced above $15K+. I’ve seen some going down in the scrap even at $5K.
What’s the Solution?
Well, I went a bit deeper into finding a solution and luckily got one. If you head over to Columbus craigslist, they’ve got some shocking prices. The 2000 Chevy is priced at $3800, similarly 2006 GMC 2wd at $5500, 70 ¾ ton Chevy at $6800, 93 Ford 4×4 at $1500 and many other listings.
Of course, they are pretty old bargains and if you need a good one, then a lump sum is to be invested from your bank balance. No jokes but that’s the reality. If you need the Ford 150, man you need to get some serious cash out of your pockets. Once you do that, you will never ever be willing to give up that thing unless it’s completely wrecked or outdated.