you've all made some great points.
I think I have another.
We (all us americans) take no mind in buying a $25,000, $40,000 or $60,000 2005 truck and using it for work. putting plenty of miles and lots of wear and tear on it, and thinking nothing of it. That is what a truck is for right? 10 years go by and the truck has paint scrathces and chips, a few door dings, mabye a bad dent or two(or 7). lots of miles in it, and needing all kinds of work. IT might have a bad tranny, or engine. It will definitly need belts, tires, brakes , etc.This truck is worth what, 1/2 1/3rd of it's original value. It always shocks me when people beat up thier new $50,000 trucks.
then the flip side of the coin.
Lets say you drop $30,000 in your 65. That should cover all new drivetrain, some new body parts, and whatever else you fancy. you can now use this truck for the next 10 years, adding miles working it hard. I know alot of you would shudder at actually using an old truck, but it really makes more sense if you really think about it.
even with a few scratches a dent or two and the regular wear and tear(carpet stains, etc) your 65 (now 10 years older) will be an awesome example of the old iron. !0 years down the road there will be even fewer 65's around, making yours all the more rare. Even needing tires brakes and the other maintence, it will most likely be worth more than the now old and beaten 2005. being 2015, your truck will be 40 years old, and what has happened?
the 2005 truck has shot so far down in value it's just disgusting. your 40 year old truck could have very easily gone UP in value, even taken into acct, the wear and tear of ten years of work.
this always stikes me funny when guys say I should park my 71 so that it doesn't go down in value. I just laugh (and know that I can still fix it myself) and tell them, no thanks, not for me...
|M|
