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geauxcats10
LSU Fan
AP
Member since Jul 2010
4000 posts

Current Truck Market—- Any Changes?
Does anyone think that the current market for trucks is unsustainable?

At what point does the financing become too easy and the price of trucks too high that the average person can’t afford one?

What happens to the market when that point is reached?


Ed Osteen
New Orleans Saints Fan
504
Member since Oct 2007
38168 posts
 Online 

re: Current Truck Market—- Any Changes?
Just wait until they start asking for testicles


BearCrocs
LSU Fan
Member since Aug 2013
1525 posts

re: Current Truck Market—- Any Changes?
I posted awhile ago about a deal I heard going down at at a dodge dealership while I was buying a used SUV.

There was a guy in there dealing a truck for $55k for 9 damn years.... that’s $640 a month before TTL. While $640 is more than I would ever pay on a vehicle note, it’s not completely unreasonable for someone to say “yeah I can afford that”.

With financing options as they are, the prices are here to stay.

Look at the mid size truck market.. mid to high 30s for a midsize truck? Ridiculous
This post was edited on 5/15 at 8:02 pm


CaptainBrannigan
Auburn Fan
Good Ole Rocky Top Tennessee
Member since Jan 2010
19104 posts

re: Current Truck Market—- Any Changes?
quote:

At what point does the financing become too easy and the price of trucks too high that the average person can’t afford one?


We have already passed that point. Dropping $50k on a truck that will be worth about $15k when you get your title is ridiculous.


LNCHBOX
LSU Fan
70001
Member since Jun 2009
53819 posts

re: Current Truck Market—- Any Changes?
You can buy decently equipped full-size crew cabs under $40k still. The OT only focuses on the top line prices.


Bmath
LSU Fan
LA
Member since Aug 2010
16900 posts

re: Current Truck Market—- Any Changes?
quote:

There was a guy in there dealing a truck for $55k for 9 damn years.... that’s $640 a month before TTL.


$55,000 / 9 years / 12 months per year = $509.26 per month. Did you happen to catch the interest rate?


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89
weagle99
Valparaiso Fan
Member since Nov 2011
29897 posts

re: Current Truck Market—- Any Changes?
quote:

Does anyone think that the current market for trucks is unsustainable?


Not really.

Not everyone has to buy Denalis.

Plus remember inflation when comparing truck prices now to prices in the past


geauxcats10
LSU Fan
AP
Member since Jul 2010
4000 posts

re: Current Truck Market—- Any Changes?
quote:

We have already passed that point. Dropping $50k on a truck that will be worth about $15k when you get your title is ridiculous.



Yet people still buy them


ETA: would people still buy them if they cost 120k and finance for 15 years?
This post was edited on 5/15 at 8:12 pm


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11
TDcline
Navy Fan
American Gardens building 11th flor
Member since Aug 2015
6628 posts

re: Current Truck Market—- Any Changes?
quote:

You can buy decently equipped full-size crew cabs under $40k still.


That cheap, huh? Only 40k?


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233
FlyinTiger93
LSU Fan
Member since May 2010
716 posts

re: Current Truck Market—- Any Changes?
Big rebates will come when gas prices go up. Always dips the truck/SUV markets.


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PhiTiger1764
LSU Fan
Lurker since Aug 2003
Member since Oct 2009
11469 posts

re: Current Truck Market—- Any Changes?
quote:

At what point does the financing become too easy and the price of trucks too high that the average person can’t afford one?

Lol. We are there now. Most people can't really afford a $50k vehicle.
quote:

What happens to the market when that point is reached?

Nothing yet..


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31
DownshiftAndFloorIt
LSU Fan
Here
Member since Jan 2011
51832 posts

re: Current Truck Market—- Any Changes?
Yea my 2018 F250 4x4 was well under 35k delivered to my house. The prices on lower trim trucks are very reasonable and they're equipped as well as top tier trucks from the 90s.

You gotta have that touch screen navigation with 360 degree camera and moon roof and arse massager though for only 25k more
This post was edited on 5/15 at 9:03 pm


Bustedsack
Ole Miss Fan
Member since Dec 2017
3339 posts

re: Current Truck Market—- Any Changes?
quote:

and they're equipped as well as top tier trucks from the 90s.


I knew my collection of cassette tapes would come in handy.


yellowfin
Chicago Cubs Fan
Coastal Bar
Member since May 2006
91830 posts

re: Current Truck Market—- Any Changes?
If the resale goes down it will change things


When someone can buy a 60k truck and sell it for 45k 3 years later there is no reason to change


East Coast Band
Alabama Fan
Member since Nov 2010
37324 posts
 Online 

re: Current Truck Market—- Any Changes?
What I see is not necessarily a drop in prices or a big slowdown, but I just see owners just having to hold onto that truck just another year or more longer than they had in the past, just to get out from being upside down on the loan to value.


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30
BuckyCheese
Wisconsin Fan
Member since Jan 2015
2104 posts
 Online 

re: Current Truck Market—- Any Changes?
quote:

We have already passed that point. Dropping $50k on a truck that will be worth about $15k when you get your title is ridiculous.


Must be a pretty old shitbox truck to only be worth 15k.

Hell, I see 15 year old trucks going for more than that.


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49
DownshiftAndFloorIt
LSU Fan
Here
Member since Jan 2011
51832 posts

re: Current Truck Market—- Any Changes?
For an extra 25k theyll probably put a cassette player in.

Mine has cruise, power windows/locks, and some other options (upfitter switches, shift on fly 4x4, e-locker, aluminum rims with chrome bumpers) and was stickered for 7k more than my similarly equipped 2003 Chevrolet.

Prices are not out of control. Consumers are out of control.


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28
JayDeerTay84
LSU Fan
Texas
Member since May 2013
6615 posts
 Online 

re: Current Truck Market—- Any Changes?
Meh. $55k diesel will be worth far more than a $55k gas engine in 5 years.
This post was edited on 5/15 at 9:18 pm


biglego
LSU Fan
Ask your mom where I been
Member since Nov 2007
53710 posts

re: Current Truck Market—- Any Changes?
quote:

You can buy decently equipped full-size crew cabs under $40k still. The OT only focuses on the top line prices.



Seriously. A new 4x4 XLT F150 can be had for mid $30s.


fallguy_1978
LSU Fan
Half mile from St George
Member since Feb 2018
13138 posts
 Online 

re: Current Truck Market—- Any Changes?
The market will adjust when people stop buying them.


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