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10 February 2018, 05:41 AM | #1 |
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My New Truck Cost Three Times what my Dad Paid for his House
I'm sure he wouldn't have believed it back then if someone told him a new pickup truck would cost 55k. Of course, that was 1965, but still......
Oh, and it's not a Lincoln or a Cadillac.....just a GMC. (Some of their models were approaching 80k!) |
10 February 2018, 05:59 AM | #2 |
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It better be a diesel.
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10 February 2018, 06:00 AM | #3 |
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not exactly... a house bought for 55k in 1965 is the same as buying a $430k house today. Inflation. The truck cost no where near what his house did.
In reverse that 55k truck is the same as spending 7k for one in 1965 I constantly argue with my grandma about this |
10 February 2018, 06:43 AM | #4 |
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Well, Voltaire already said that all fiat currencies tend towards their intrinsic value (zero). But all jokes aside, inflation is by no means all bad.
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10 February 2018, 07:53 AM | #5 |
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Hey Jim, congrats, but this thread needs some pics of the new truck.
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10 February 2018, 08:21 AM | #6 | |
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GMC makes great trucks!!
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11 February 2018, 04:13 AM | #7 |
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11 February 2018, 04:24 AM | #8 |
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10 February 2018, 09:24 AM | #9 |
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Great truck...yes, unbelievable prices these days!!
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10 February 2018, 10:28 AM | #10 | |
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They are great trucks!! My wife just picked up a 2018 Denali 2500 and it’s gorgeous. Congrats on your new truck!! |
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10 February 2018, 10:46 AM | #11 |
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Introduction of the club cab changed everything for pick up truck sales. Before that they couldn't give them away half the time.
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10 February 2018, 10:51 AM | #12 |
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Yep. It has got to a point of insanity.
My 2015 Silverado High Country was $4000 or so less than my 2017. Virtually the same truck. The new one was $56,000 or so. The new F150 Limited I looked at was $67,000. Chevy is redesigning their trucks for 2019 and I am sure they will get up there with the Fords. This may be my last truck. At $70k I go back to a big body Lexus SUV. Sent from my iPhone using Tapatalk Pro |
10 February 2018, 10:52 AM | #13 | |
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Quote:
(not mine BTW)
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10 February 2018, 10:55 AM | #14 |
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A buddy of mine just bought a 2018 Yukon, the prices are insane.
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10 February 2018, 11:05 AM | #15 |
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congrats.
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10 February 2018, 12:10 PM | #16 |
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Congrats Jim! No pics?? Don’t be shy!
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10 February 2018, 12:17 PM | #17 |
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The only way I'll be able to spend $60k+ on a vehicle and still be practical.
https://www.dodge.com/durango/srt.html |
10 February 2018, 12:56 PM | #18 | |
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Quote:
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10 February 2018, 03:32 PM | #19 |
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My dad paid $13,500 for his first house in 1964. He bought a new GTO in 66...under $3,000. Wish he still had that GTO...red, 6 pack...
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11 February 2018, 01:19 AM | #20 |
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my grandfather paid 120k in 1955 for their house.
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11 February 2018, 04:28 AM | #21 |
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beauty
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11 February 2018, 05:54 AM | #22 |
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Nice ...I have a new F150 super crew 4x4 and absolutely love it
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11 February 2018, 06:02 AM | #23 |
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The part that bothers me the most is how much and fast they depreciate.
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12 February 2018, 02:27 PM | #24 | |
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But not nearly as much as a car. Bought my son a 2014 GMC Sierra when he turned 16 it had 20000 miles on it and I Paid 35000 he was rear ended last year in that truck and it was totaled. It had 45000 on the odometer and the Insurance company paid me $34000. That is holding value pretty good I thought. |
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11 February 2018, 01:20 PM | #25 |
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11 February 2018, 02:04 PM | #26 |
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Cost aside congrats on the new truck!
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11 February 2018, 10:07 PM | #27 |
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Nice looker...and holy ice batman!
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12 February 2018, 01:43 PM | #28 |
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The prices are outrageous. I suspect that's why so many people perpetually lease.
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12 February 2018, 03:18 PM | #29 |
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It’s called inflation.
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12 February 2018, 03:29 PM | #30 |
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Congrats on the new truck
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