Yes and no... Lots of people in the US wind up leasing new vehicles for 2-3 years. Trucks especially so since a well equipped one will run you upwards of 40-50

Yes and no... Lots of people in the US wind up leasing new vehicles for 2-3 years. Trucks especially so since a well equipped one will run you upwards of 40-50k USD depending on the brand. In a lease, you're paying for the value hit of taking the car and driving it for X/Y years/miles. So if we're talking lease tradeups, of course it's going to be a near equal amount. As far as just flat out 'used' trade-ins; because of their cost and utilitarian nature, trucks do typically hold their value better than many cars. On the other hand, let's look at that quote again: > "A lot of people that have two-year-old trucks can get into a new one for the same (monthly) payment or lower" There's nothing in that statement that indicates the customer is actually paying less overall. There's a lot of 'psychology' behind monthly payments vs overall amount paid on a loan. In other words, there's no guarantee that this sales manager wasn't convincing folks to, say take their car with a 500$/mo payment with 3 years left and switch them out to a 400$/mo payment with 5 years left. Sure, you have a new car again, but is your total cost of vehicle ownership really going down?