When to keep or replace a vehichle

So gas wise between my car and truck at 30,000 miles a year for work at $3 gas for easy figuring. The car saves me $2,700 annually in gas. Bought the car 6 years ago for $10k. I m not sure what insurance is off the top of my head. But in 5 years my truck woukd have an additional 150k on it. Not sure how to put that into a value.
Three sets of tires give or take for the truck at $1200 a set.

Can kbb what the value of it today would be with an extra $150k miles on it.


Car has paid for its self imo. Obviously extra costs like oil changes and insurance, but you ended up ahead.


If you really want to see a cat pay for its self, look at a hybrid like a Toyota carolla or camry hybrid. When you start getting into the 40's for mpg it makes it hard to take the truck... 😂
 
Three sets of tires give or take for the truck at $1200 a set.

Can kbb what the value of it today would be with an extra $150k miles on it.


Car has paid for its self imo. Obviously extra costs like oil changes and insurance, but you ended up ahead.


If you really want to see a cat pay for its self, look at a hybrid like a Toyota carolla or camry hybrid. When you start getting into the 40's for mpg it makes it hard to take the truck... 😂
Yah my work car is a Chevy malibu next one will be smaller and better mpg. At the time I was just trying to keep miles off the truck the gas cost wasn't as big of deal as it is now. (I was working in one place a lot closer to home back then).
 
So gas wise between my car and truck at 30,000 miles a year for work at $3 gas for easy figuring. The car saves me $2,700 annually in gas. Bought the car 6 years ago for $10k. I m not sure what insurance is off the top of my head. But in 5 years my truck woukd have an additional 150k on it. Not sure how to put that into a value.
Wife and I commute off the mountain to town for our jobs. I haven’t done the math but wear and mileage on one vehicle a day beats the same on two vehicles.
 
If the road salt is that bad then doesn't that add to the justification for NOT getting something nicer/newer? After all you're just throwing good money at a losing proposition.
 
So gas wise between my car and truck at 30,000 miles a year for work at $3 gas for easy figuring. The car saves me $2,700 annually in gas. Bought the car 6 years ago for $10k. I'm not sure what insurance is off the top of my head. But in 5 years my truck would have an additional 150k on it. Not sure how to put that into a value.
I'd say you're probably ahead then!

My biggest issue with it was that most of my miles come from normal truck things like hauling the boat, or going hunting, or hauling some miscellaneous piece of equipment. So the miles I was putting on the car was minimal. It probably makes a lot more sense when just commuting to work daily at any distance.
 
If the road salt is that bad then doesn't that add to the justification for NOT getting something nicer/newer? After all you're just throwing good money at a losing proposition.
Your stance makes sense. When I finally replaced my truck, it had just gotten to the point where it looked and felt unprofessional to show up places with it. Rusted to beat hell.

I've had an unlimited carwash pass with this truck and try to run through the wash once a week in the summer and 2x a week in the winter! So far so good...
 
$6,000 less. So about half.
Imo, having a commuter car is key. I do it as well and put on roughly the same miles as you in a year.

With the rust issues on the truck, I would suggest going a newish F150. You want the aluminum since it will hold up better against the road salt. I made the switch from a ram and granted the Ford is newer but is holding up well against salt rust. Don't think I'll switch brands until the others start using corrosion resistant construction. Also Ford has really nice options that I enjoyed. Thinks like kicking differential are almost standard whereas on a ram it was default open differential. Also fuel tank size for towing was another big one for me
 
My sister has her 2019 3/4 ton chevy truck at the shop right now. They are cutting out the rot in the rear wheel well and applying rust inhibitor. They are going to cover up the mess with fender flares. They are drilling holes in the rear wheel wells and rocker panels and will shoot oil into those cavities on a yearly basis. $3000 worth of work. If she went the patch panel route it was $9000. Ive seen 3 year old chevys with bubbling paint on rear wheel wells. Cant imagine dropping $50k or more and its rusting out before you even get it paid off.
 
If the road salt is that bad then doesn't that add to the justification for NOT getting something nicer/newer? After all you're just throwing good money at a losing proposition.
It’s change. The people in charge of keeping the roads clear and the general population will complain that the roads are more dangerous without salt.

Having lived in many states, east and west, salt is just stupid. There are other solutions that don’t wreck equipment and are just as safe.
 
Beet juice is used as a substitute but majority of roads are still salt. As a kid i remember road crews would spread cinders they got from the steel mills. Havent seen that in 30 maybe 40 years
 
Between the wife and I we run 3 vehicles. I have a 60 mile round trip for work and use the commuter car to keep miles off my truck. I don't see this changing until retirement.
We bought the wife a gently used '22 with 20k miles this spring and I took over her old 2017 with 90k miles for the commuter car. Big upgrade from the '99 Grand Am I was driving to work.
No good answer to vehicles, they all cost money and depreciate like crazy. Gently used trucks I find to be so close in cost to new that I buy new, cars/suv's I think the value is there to go gently used. Everyone's situation is different, and it's great to have no vehicle payments, but it's also nice to have a fairly regular rotation of vehicles and only one payment at a time.
 
Couple trains of thought. One is to keep a vehicle for the life of the vehicle until it completely croaks. Having a fleet is going to run you completely broke on maintenance and insurance.

The other is to trade a vehicle every 5 years and accept the fact that your always going to have a car payment your entire life....BUT, at least you SHOULD have reliable transportation at all times. That to me is worth the money.

Since a guy basically cant work on anything themselves these days due to sensors and computer nonsense, I would go the second route and just accept it and avoid the mental anguish.

1 good vehicle per person. Its our new rule at our house. We are trading every 5 years from here on out.
 
I already have the last one I'll ever own.


Man, I gotta ask your reasoning.

I feel like at the same crossroads for not needing a truck anymore. I don’t know if I just don’t go to as many nasty places but I feel an SUV would do just as well. I don’t tow. I have a cap so my bed space is already a bit limited. Tarps are cheap for keeping the back of an SUV clean. The price tag on trucks used and new just seemingly more difficult to justify.
 
Man, I gotta ask your reasoning.

I feel like at the same crossroads for not needing a truck anymore. I don’t know if I just don’t go to as many nasty places but I feel an SUV would do just as well. I don’t tow. I have a cap so my bed space is already a bit limited. Tarps are cheap for keeping the back of an SUV clean. The price tag on trucks used and new just seemingly more difficult to justify.
I have a '12 Tundra. I don't have a cap as I still haul rock, manure, and firewood several times a year. If I had to do it again, I'd get my wife a larger SUV and a trailer, then not have a truck at all. But I have the truck now and see no need to ever get rid of it. I'm down to only putting a few thousand miles on it a year; it has 185k now. I figure I have 30-40 years of life left in it without much repair/maintenance beyond just typical wear and tear. I think it'll be pretty cool to still be driving the same truck I bought in my 20s when I'm in my 60s. Plus, I simply can't stand paying so much for a depreciating asset when it's fixable.
 
I just rolled over 219k on my '16 Tundra yesterday returning from Wyoming lope hunt and it is still running like a champ. I wish they still made the 5.7 motor and I have reservations on the twin turbo charged v-6. While I will be keeping my Tundra, my Ford build started today. I have never had two vehicles at the same time in my life and weird for my Tundra to now become a daily commuter. :D
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No. I my step son was looking at a first pickup this summer. Didn't buy one then looked again three moths later same trucks were up about 5 to 10% it seemed.
14 months and 4000 miles later, my truck is worth $750 less than I paid for it. Crazy how much truck prices have climbed the past few years!
 

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