The Cost of a Truck

Good Looking Older Truck – A Keeper!

Buying a new truck can be a real challenge. New trucks are really pricy. It has been true for many years. Also, finding a good used truck with low mileage is difficult and has its pitfalls as well. Trucks by their natural are often heavily used and abused.

Recently I have been reading that dealerships are getting backed up with truck inventories. We also see that pricing incentives are becoming generous. It may be that the manufacturers have hit an inflection point and will need to start dumping vehicles to maintain their production. This may be a time to pay close attention if you’re interested in a new pickup.

On the other hand, the high valuations for existing older trucks is likely to start dropping, so if you have a truck that’s three to five years old, and you plan to upgrade, now might make the most sense. Sell high and buy low. Even then it’s a bunch of money to spend.

For me, I am keeping my 2014 F-150 for the long haul. Here in North Florida, on the Panhandle, folks drive trucks forever. I like that. I own my truck outright, and it has less than 40,000 miles on the odometer. It should last me a long time.