I think It depends on perceived ROI. Is it for work ? can its depreciation be wrote off ? I am a fan of buying 1 or 2 years old ,low millage Vehicles from a dealership. I always put 20% down in cash and ALWAYS pay taxes in cash to the state.
soooo many clean trucks you can find for 15-30k. It just blows my mind people are spending 80-100k for high end trucks. Are you ****ing kidding me?? The depreciation is crazy, people don't realize how much they are losing. Again, if you are shitting money, go ahead and do it. Be for me, $30k is PLENTY budget for a low milege truck. No need to spend double that. People nowadays just want "a low payment". Yeah....but you're LOSING 30-50% value after 5-6 years. If you like losing money, by all means, go right ahead. If you are writing it off for your business....that is obviously a different story.The thing is, at $60K for five years that's $1000 note. **** that. How much does the standard family have to invest after that payment? I buy a $25K truck for cash and invest $1000 a month after 25 months when I've got my money saved back up. Sure, I don't get a new truck, but I end up with a much better looking portfolio...
A $60K truck, is still a $60K truck. Unless someone is giving you the other $25K. Right?
I won't argue the other points because you're right, used vehicles can be a crap shoot. But then again, so can some new ones.