This one is for all the @[email protected]
this post was submitted on 04 Oct 2024
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I just picked up an early 2000s used truck because I have a hobby where a truck bed is useful. $7500.
People were trying to tell me that I should get a new one, I can resale it in a few years and it'll retain it's value.
I don't need a shiny new truck. I'm going to throw wood and sheet goods in the back. And I can actually see out of the damn thing, unlike anything recent.
Oh my god why do people think cars retain their value? They depreciate immediately when you drive them off the lot. Cars are not houses people, they do not appreciate in value.
Yeah, the one saying that was claiming that after your initial deprecation after driving off the lot, trucks tend to hold their value for a long time. So might as well.
He's also the guy that's last minute panicking about saving for retirement in his 50s.
Go figure.
Just tell him to sell his truck, sounds like that's a retirement plan!
Except for Honda Elements. Well they at least super held their value.
...and I tanked it by borking a self-repair but still got ~$900 scrap for it.
Such a cool rig and I'll miss it forever.
It's insane how much people would pay for them especially during 2020. Rare case hahaha.
Thank god you didn't actually do that. If car retain value, then it mean the buyer can also afford a new one. Why get used when new one cost roughly the same?