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Even if we assume your truck is now worthless, that's only $1,300 per year. More realistically, assuming you have kept it in reasonable condition, it is probabl
by randomdata 3y ago
Even if we assume your truck is now worthless, that's only $1,300 per year. More realistically, assuming you have kept it in reasonable condition, it is probably worth around $8k now, or $900 per year. That's nothing in the grand scheme of things. In your case, that's only $17 per load of hay. Approximately one small bale per load pays for it. That still leaves a lot of meat for the truck to haul – especially a 2500. It is not surprising that the price of new trucks has skyrocketed.
I too bought a truck for my farm in the same era for around the same price and I'm glad I did, because in hindsight it was an absolute steal. The ROI it has provided has been off the charts. Again, it is not surprising that new trucks have gone up in price to close the gap. Fantastic investment opportunities never last.
- bluGill 3y agoI bought my F350 15 years ago for $10k, if is worth 7k now. (1999, 7.8 diesel engine). However I have also paid $1000/year to ensure it, which for as little as I use it works out to nearly $.50/mile. It hasn't been a great investment (as a diesel it doesn't like to start in winter), but I can never find anyone to rent me a truck when I need one so it stays (I can rent a truck shaped vehicle with fine print that doesn't let me use it for what I want a truck for)