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I'm hesitant to call what they are doing owning anyway, re: their trucks. Most people who drive those idiotic money pits are so far underwater on their loans I only have pity for them. I know people who have taken out 8 year loans on 70-80 thousand dollar trucks. Loans so high in interest and so long that they probably will never pay it off - to me the bank owns it 100%. I think most of them will gladly hand over their ownership if they can still feel "manly" by pretending their huge truck makes up for their own masculinity issues.
It’s insane how much trucks have skyrocketed in price! My wife’s job occasionally needs a truck so we had considered one as our second vehicle years ago and ended up figuring it was cheaper to own a car counting total cost of ownership unless we used the bed/hitch more than 3 times a week and that was at 40-50k… it’s like they’re allergic to money.
That's my big thing. They always claim they need a truck to do truck things, but the vast amount of truck beds I see are empty. I don't own a truck, but still need to do truck things sometimes. When I do I pay around 40 bucks to rent one for the day, do all my truck things, then return it. Idk, maybe I'm crazy but I've spent maybe a few hundred doing that, that seems like a better deal than 80k
Exactly! When we gamed out the cost, it was almost double for the loan. Oil changes cost double (there’s your $40 every 3-6months), and the parts were vastly more expensive. So we only pulled even renting a truck a 3x a week. At 80k I’d need to be pulling something daily more than 10 miles 7 days a week to beat the cost of renting a vehicle.
Nevermind there’s basically nothing I can buy that can’t be delivered from say Home Depot without me needing a truck.
Same, same. Even with high delivery fees it's still worth just paying them vs buying a truck. Unless you need lumber delivered daily, then it doesn't matter.
I'll counter argue! Felt the same about these monster Barbie trucks here in the South. Working Lowe's for a few months changed my mind a bit.
Guys would pull in with these monsters hauling a trailer. And we would load hella rocks and boards. Laughed with the customer and lumber guy one night, "You gonna need to come back for the rest tomorrow!"
But still, I get it. My wife's Outback has a trailer hitch and I'm not afraid of pulling on it. Towed my boat home with a Mitsubishi Eclipse. Used to ride with the top down and a load of lumber in the back!