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Old 10 February 2018, 05:41 AM   #1
pilotjim
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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!)
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Old 10 February 2018, 05:59 AM   #2
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Originally Posted by pilotjim View Post
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!)
It better be a diesel.
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Old 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
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Old 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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Old 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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Old 10 February 2018, 08:21 AM   #6
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Hey Jim, congrats, but this thread needs some pics of the new truck.
This!!

GMC makes great trucks!!
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Old 10 February 2018, 09:24 AM   #7
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Great truck...yes, unbelievable prices these days!!
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Old 10 February 2018, 10:28 AM   #8
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Quote:
Originally Posted by pilotjim View Post
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!)
What do you mean just a GMC??

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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Old 10 February 2018, 10:46 AM   #9
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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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Old 10 February 2018, 10:51 AM   #10
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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.


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Old 10 February 2018, 10:52 AM   #11
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Quote:
Originally Posted by pilotjim View Post
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!)
1965 was a very, very good year! No Lincoln, no Cadillac....just a Plymouth

(not mine BTW)
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Old 10 February 2018, 10:55 AM   #12
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A buddy of mine just bought a 2018 Yukon, the prices are insane.
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Old 10 February 2018, 11:05 AM   #13
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congrats.
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Old 10 February 2018, 12:10 PM   #14
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Congrats Jim! No pics?? Don’t be shy!


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Old 10 February 2018, 12:17 PM   #15
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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
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Old 10 February 2018, 12:56 PM   #16
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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
Love this beast, took one out last week, seriously fun
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Old 10 February 2018, 03:32 PM   #17
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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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Old 11 February 2018, 01:19 AM   #18
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my grandfather paid 120k in 1955 for their house.
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Old 11 February 2018, 04:13 AM   #19
pilotjim
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Hey Jim, congrats, but this thread needs some pics of the new truck.
Absolutely! And that's my little Piper Cherokee in the hangar!

[IMG][/IMG]
[IMG][/IMG]
[IMG][/IMG]
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Old 11 February 2018, 04:24 AM   #20
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Absolutely! And that's my little Piper Cherokee in the hangar!

[IMG][/IMG]
[IMG][/IMG]
[IMG][/IMG]
well, that just made me want a truck... and im not a truck guy
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Old 11 February 2018, 04:28 AM   #21
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beauty
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Old 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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Old 11 February 2018, 06:02 AM   #23
dddrees
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The part that bothers me the most is how much and fast they depreciate.
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Old 11 February 2018, 01:20 PM   #24
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Old 11 February 2018, 02:04 PM   #25
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Cost aside congrats on the new truck!


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Old 11 February 2018, 10:07 PM   #26
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Nice looker...and holy ice batman!
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Old 12 February 2018, 01:43 PM   #27
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The prices are outrageous. I suspect that's why so many people perpetually lease.
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Old 12 February 2018, 02:27 PM   #28
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The part that bothers me the most is how much and fast they depreciate.

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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Old 12 February 2018, 03:18 PM   #29
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It’s called inflation.
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Old 12 February 2018, 03:29 PM   #30
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Congrats on the new truck
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