56 Votes

HEY! Your 07' $50,000 Truck Is Worth Less Than 20 Grand Wholesale Now. And Even At THAT Price, NOBODY Wants Them!

Agent001 submitted on 6/9/2008 Official Bell & Ross Timestamp: 3:39:20 AM

108 user comments | Category: Spy News | Source: www.autospies.com

Unless you've been on safari on the planet Venus, it's next to impossible that you've missed the news that the car business (SUV's/Truck in particular) is REALLY bad right now.

But what you all don't realize is truly HOW BAD it is.

So let us net it out for you.

If you own an SUV or a Truck right now, particularly a full size American piece of iron, YOU are SCREWED!

If you DO you probably don't want to read any further into this article.

Because this is the part where we tell you HOW screwed you really are.

You won't see this on KBB or Edmunds for another 6 months or so because their teams heads are so far up their asses and couldn't spot a trend if it hit them like a 2x4, upside the head.

But that's ok.

If they weren't so brain dead, we wouldn't have a business.

So a sincere thank you from all of us at AutoSpies.com. We TRULY owe you.

Ok, the envelope please....

Agent 001,

Q: HOW BAD is it?

A: My good bud from the old MP3 days, JR, sends me this little email that says...log on to the Manheim auction site and check out the results from last week's Southern California dealer wholesale auction.

He says you just wont believe it.

So I ping back, dude, just looked two weeks ago and it didn't look so bad.

He says, listen to me, you NEED to see this...it's like a black Monday for the wholesale auto industry.

So, I wiggle my fingers on the keyboard and start looking around at the results.

HOLY S _ _ T!!!!!!

Guess what?

That loaded brand new 2007 GMC Sierra pickup or Ford F-150 your friend got the 'great deal on' before the 08's hit....You know, the one that listed for $50G's that they STOLE for $8g's off sticker AND got 0% financing?

The one that only has about 12k miles on it and KBB and Edmunds say is worth $35k wholesale...

As of last week's dealer wholesale auction, those bad boys are worth about $18G's!!!!!!!!!!

WOW!!!!

Your neighbor is not only getting hosed at the pump at 12MPG and with 4 buck gas, now they are $20G's + underwater on that 'Ford Tough' truck.

Sorry to be the bearers of bad news (in this case REALLY bad news) but if we don't show the world what's really happening out there, our ad strangled competitors certainly won't.

And to add insult to injury, it's only going to get worse before the end of the year.

NEWS FLASH: The value of the lifeblood of the American automotive business has SUNK.

As they say... LIKE A ROCK!

But in the words of those high paid auto execs less than 12 months ago, people don't really care about gas prices or even know what MPG they get! ;)

YEAH, Riiigght!

Time to give them another bonus! LOL!

2008 AutoSpies.com Father's Day and Grad's Gift Guide

HEY! Your 07' $50,000 Truck Is Worth Less Than 20 Grand Wholesale Now. And Even At THAT Price, NOBODY Wants Them!

About the Author

FWD Torque Steer. Absolute proof the Devil exists.
— Agent001 (View Profile)

User Comments

LOL.....why only American trucks??
— 528i (View Profile)

Posted on 6/9/2008 3:58:41 AM | reply to this comment | Votes: 6

It's effecting all trucks but just not as bad as the American iron...

001
— Agent001 (View Profile)

Posted on 6/9/2008 4:02:41 AM | | Votes: 1

Since when did the Tundra get better MPG? Or even the Titan? Goes beyond American Trucks. If you do not think so, you got brain damage... Oh...I guess Land Rover has great MPG too....lol...D'OH!!!
— Porschinator (View Profile)

Posted on 6/12/2008 9:44:30 PM | | Votes: 1

Forgot to mention that my 2007 Chevy Silverado gets about 20MPG highway. Not bad. About 15MPG city. I would presume that this will also affect the sports car market...to a lesser degree.

The smartest thing about Japanese Auto industry is that they always stuck to making high MPG vehicles and when you think high MPG you typically think Japanese car. US auto companies only within the last 5-10 years focused on high MPG vehicles. Good thing it was not too late. I plan to buy the Chevy Volt when it comes out...can't wait!
— Porschinator (View Profile)

Posted on 6/12/2008 9:51:37 PM | | Votes: 1

I just spent $60. to fill up my 2007 civic! Imagine a full size truck! OUCH! Its about time that the auto companies made a full size truck a hybrid! and yes I am aware that chev makes some but they are crap! I would like to see one made by pml
— truckmen (View Profile)

Posted on 6/9/2008 6:24:24 AM | reply to this comment | Votes: 7

I refuse to believe you needed $60 to fill up your Civic.
— DexDiamonds (View Profile)

Posted on 6/9/2008 12:19:37 PM | | Votes: 2

You would be surprised. If he lives in Seattle or LA or DC or any other big metropolis where gas is over $4.00 for regular and over $4.50 for premium. With a 13.2gal tank...the total comes out to be around $60 bucks.

My 04 Spec V cost $50 bucks to fill up the other day... so I can believe it.
— Spectator (View Profile)

Posted on 6/9/2008 12:31:35 PM | | Votes: 2

agreed.
paid 58 to gasup my 07 GTI in SoCal. @ 4.6/ gallon.
— candywhite (View Profile)

Posted on 6/9/2008 1:49:55 PM | | Votes: 2

and your Honda Ridgeline is nothing but a SUV with the back half off the roof cut off
— toolatetorace (View Profile)

Posted on 6/9/2008 11:35:32 PM | | Votes: 2

Up here in Canada gas costs $1.30 to $1.47 a litre! OUCH! A civic's tank is 50L, and the most that I have ever filled is 47Litres, So do the math, yes even a new civic costs easily $60. to fill,Insane!! now I can understand why these trucks drop in price so radically.
— truckmen (View Profile)

Posted on 6/10/2008 3:01:56 AM | | Votes: 1

Man, you're lucky, it costs me $110 to fill the tank in my 750i. Every week and half too. Now thats painful...
— texaspride488 (View Profile)

Posted on 6/10/2008 8:57:56 PM | | Votes: 3

For us small business owners these vehichles are our only option. This just means we hold on to these vehicles longer than expected and take the time to keep them in good shape.

We do pay a lot for gas (over $100.00/fill), which we have to pass onto our clients. It's not a good scenario, we all lose in some fashion.
— BostonBiosafety (View Profile)

Posted on 6/9/2008 7:07:55 AM | reply to this comment | Votes: 5

GM will probably save your butt. I hear they have fantastic new economical smaller diesels coming for pickup trucks over the next 2 years. What annoys me is that the auto industry is not disclosing enough information on future models including timelines for introduction. This means that customers are unable to plan ahead properly.
— EnnNorak (View Profile)

Posted on 6/9/2008 9:01:38 AM | | Votes: 2

EnnNorak, the auto industry does not disclose future products because they are trying to save their own butts. They are already sitting on a lot of trucks that they can't get rid of.
— daytonaviolet (View Profile)

Posted on 6/9/2008 10:44:20 AM | | Votes: 3

The story definitely has merit but the people who buy the trucks and actually need them/use them the way trucks are meant to be used (and plan on keeping them for a while) probably don't care. They still NEED the truck for whatever it is they do.
— enp83 (View Profile)

Posted on 6/9/2008 7:38:44 AM | reply to this comment | Votes: 5

Agreed. I think that Hummers and other big trucks are not evil. What's bad is the poor decision to buy one when you don't really need it.
— Caraficionado (View Profile)

Posted on 6/9/2008 1:06:22 PM | | Votes: 6

I still think Hummers are stupid because they don't offer any functional advantage over a Tahoe/Land Crusier. They get worse gas mileage, look uglier, don't drive as well and actually have less interior space.
— S4cabriofoxone (View Profile)

Posted on 6/9/2008 11:31:35 PM | | Votes: 7

We have screwed ourselves by ignoring warnings as early as the seventies that demand for oil would outstrip production just about now. Incompetent politicians did nothing to avoid the current crisis even though they had decades to plan ahead. All they had to do is add massive taxes at the pump and use the incremental revenue solely for the purpose of improving roads, bridges, and other transportation infrastructures. Now we have even higher pump prices because of the supply and demand situation, our roads and bridges are crumbling, and oil companies are profiting from our misery -- how stupid a public policy have we been implementing?
— EnnNorak (View Profile)

Posted on 6/9/2008 9:09:28 AM | reply to this comment | Votes: 6

There's no real proof that current and future oil demand "outstrip" production. No one really knows how much oil is actually available within the earth. There are quite a few untapped regions. The cost of fuel has rising in part because OPEC's Middle Eastern partners have chosen to decrease output this causing an imbalance in the complicated oil system.
— dumpsty (View Profile)

Posted on 6/9/2008 10:26:51 AM | reply to this comment | Votes: 4

Gas prices are up due to, basically, the economy. Not the supply. There's plenty of fuel for everyone, so much so that the government sends millions of barrels of it every month to be stored for an "emergency". Its our economy that sucks, not gas supply.
— PlanB (View Profile)

Posted on 6/9/2008 12:10:46 PM | reply to this comment | Votes: 1

I can't understand how this poorly written piece can even pass as being credible.

YES. It is true that full-sized SUVs and pick-ups are taking HUGE losses at the auctions. My issue with this article is that it assumes that only American made trucks are the ones suffering.

Anyone with a Manheim login can look at the MMR values of any SUV / Pick-up and will see that values have substantially dropped across the board. I sold a Toyota Tundra that Galves book values at $16,500 for $10,500!!! Given it was a 4x2, it only had 19,000 miles.

The thick-headed, band-wagon style thinking that this story promotes illustrates the blind following that so many of us Americans engage in. Do your research before you decide to be a follower. I do normally like your articles, 001, but this time I say "BOO TO YOU!"
— djaoki (View Profile)

Posted on 6/9/2008 9:42:38 AM | reply to this comment | Votes: 4

the market is down on all trucks and SUV's, including non-American models, HOWEVER, it's not NEARLY as bad for imports as it is for domestics. Not even close. If you bought a domestic truck or SUV in the past year you're basically stuck in it until it's paid off, and the more expensive it was new the more screwed you are.
— JRobUSC (View Profile)

Posted on 6/9/2008 11:16:59 AM | | Votes: 3

Glad to see SUV owners getting their comeuppance.
— Batman219 (View Profile)

Posted on 6/9/2008 9:44:10 AM | reply to this comment | Votes: 1

Here in Texas aka SUV/TRUCK heaven there are dealers telling people we will make a you a great deal on the car you are interested in but we are not interested in your trade. To add insult to injury a girl I know drives a Chevy Avalanche she goes to chevy and they tell her "we'll give you 25 grand on trade on this beautiful new Avalanche" She goes to Honda the same day and they her "your truck is worth 17,000 wholesale." Guess who is being honest? Honda or the domestic guys that want to bury her so far into the ground a fleet of caterpiller dozers wouldn't ever dig her out....
— Dutchman (View Profile)

Posted on 6/9/2008 9:49:22 AM | reply to this comment | Votes: 3

"You won't see this on KBB or Edmunds for another 6 months or so because their teams heads are so far up their asses and couldn't spot a trend if it hit them like a 2x4, upside the head."

"In law, defamation (also called vilification, slander, and libel) is the communication of a statement that makes a false claim, expressively stated or implied to be factual, that may give an individual, business, product, group, government or nation a negative image. Slander refers to a malicious, false, and defamatory statement or report, while libel refers to any other form of communication such as written words or images. Most jurisdictions allow legal actions, civil and/or criminal, to deter various kinds of defamation and retaliate against groundless criticism."

Just sayin'.
— Hyundai (View Profile)

Posted on 6/9/2008 9:57:55 AM | reply to this comment | Votes: -1

Blah blah blah..
At least 001 isn't up the munufactures butts like the other mentioned names with thier BS price guides.
— vonbeeler (View Profile)

Posted on 6/9/2008 2:08:50 PM | | Votes: 2

Your an Idiot,so sue me!!!!!!
— autopro (View Profile)

Posted on 6/10/2008 3:01:07 PM | | Votes: 1

What about that ugly Tundra?
— EL34 (View Profile)

Posted on 6/9/2008 10:02:23 AM | reply to this comment | Votes: 2

It's probably holding it's value better than your favorites.
— _43LE (View Profile)

Posted on 6/9/2008 10:44:58 AM | | Votes: -3

Haahh this makes me so happy!!, all those idiots driving big trucks and suvs are now underwater!! suckers!!!!
hahahahah :->
— EI34 (View Profile)

Posted on 6/9/2008 10:03:29 AM | reply to this comment | Votes: -9

I guess you're the kind of guy who loves to hang out near the cancer and cardiac wards to goof on the patients, eh?
— AgentOrange (View Profile)

Posted on 6/9/2008 2:19:25 PM | | Votes: 5

We can't really celebrate until the auto crushing yards report the increased business. Till then, expect to be terrified as F-350's fall into enemy hands...teens with $4,000 late model trucks/SUV's and 2 gallons in the tank can do a lot of damage.
— t_bone (View Profile)

Posted on 6/9/2008 10:20:40 AM | reply to this comment | Votes: 3

That's actually not a bad idea. Give your teen the SUV but make them pay for gas. You won't get hit on a resale and they'll be too busy spending the money they make flipping burgers on gas to go out and get in trouble.
— Batman219 (View Profile)

Posted on 6/9/2008 10:23:57 AM | | Votes: 5

Hillarious...but I can see myself doing that to my son too. He'll be cryin to me, "Dad! I need money for the truck..." Hey he wanted, now it's his responsibility to maintain it. His friends probably won't want to ride with him anymore b/c they know he'd be asking for gas money everytime. It would suck to use all your money just drive to mall but not have any money left to actually buy anything.
— dumpsty (View Profile)

Posted on 6/9/2008 10:39:25 AM | | Votes: 4

$3.. $5... $9... who the hell cares? This is the USA! Gas prices are irrelevant. We do what we want, you can't touch us.
— randy33 (View Profile)

Posted on 6/10/2008 1:27:36 AM | reply to this comment | Votes: 0

My fiance just paid $74 to fillup her Jeep, I am paying about $50 for a 4cylinder Toyota Matrix!! That is ludicrous. I used to pay $30 max for this thing.

I'm almost considering trading it in for a hybrid to get myself that 40 plus mpg. Either that or ridesharing once I get in my house.
— Whelan (View Profile)

Posted on 6/9/2008 11:22:44 AM | reply to this comment | Votes: 1

$8.50 to fill up my 65 mpg Vespa.... got to love that!!
— AlexTx (View Profile)

Posted on 6/9/2008 11:43:00 AM | | Votes: 1

Yeah, but you're riding a Vespa. Take it outside the city and see how you feel.
— gooch (View Profile)

Posted on 6/9/2008 3:25:37 PM | | Votes: 1

Do the math, hippie. YOU ARE COMPLAINING ABOUT ~$100/mo. LOL! Really? Are things THAT tight? If your budget is so tight that $100 warrants this whining, perhaps you should have bought a Corrola instead of a Matrix.
— randy33 (View Profile)

Posted on 6/10/2008 1:34:57 AM | | Votes: 2

gooch: I actually do...
It tops out at 90 mph and get on the highway just fine..
Maybe you should look into it if you can find one... 6 months waiting list at this time.
— AlexTx (View Profile)

Posted on 6/10/2008 12:47:16 PM | | Votes: 3

Most people really don't need SUVs, but like you said they do come handy in bad weather and boating, especially in Michigan. Actually lately I've been seeing a lot of Mercedes E350 4MATICs, CTS4, STS4, 328xi, G35x, etc. I think people are realizing they can now drive AWD cars as a replacement to their SUVs. On the other hand, I still do see lots of Grand Cherokees and Commanders on the road, but I'm sure it'll die down once people get out of their dirt cheap leases, including me. I spend more money on gas for a Hemi Grand Cherokee than the whole lease payment. Nowadays it just sits on my driveway, only being driven when needed.
— bigTYME (View Profile)

Posted on 6/9/2008 2:26:01 PM | reply to this comment | Votes: 5

OH! snortn' some nasty flamebait there, ain't ya commie? LOL, why are you here? What do you do, troll around peddling your leaflet trash in every place possible, regardless of the context? Read our Declaration of Independence, bfan. second-to-last paragraph. EUROPE AND AMERICA ARE SEPARATE. Whistle and clap all you want, we ain't coming back.
— randy33 (View Profile)

Posted on 6/10/2008 2:02:12 AM | reply to this comment | Votes: 1

the pain all non-rich americans are feeling is due to the EXCESSIVE and STILL growing power that corporations/Big Biz have in renting and buying politicians.

when the gov't and Big Biz are in bed together, that has been defined as the essence of Nazism.

welcome to the Brave New Neo-Nazi World. (note too, how little resistance there's been to the ever increased snooping by the feds into private citizens' lives?)
— ChicaneShooter (View Profile)

Posted on 6/11/2008 5:05:32 AM | reply to this comment | Votes: 0

correction: essence of Fascism. Nazism refers to the specific fascist political party in germany.
— ChicaneShooter (View Profile)

Posted on 6/11/2008 5:39:43 AM | reply to this comment | Votes: 0

that's one hell of a deal! it's tempting.
— pushrod27 (View Profile)

Posted on 6/9/2008 2:04:44 PM | reply to this comment | Votes: 2

I think it is interesting how people have knee jerk reactions to a magic number for the price of gas. The loss people will take switching from a SUV to a rational car will not cash flow, unless it is driven an astronomical number of miles per year.

What were these people driving SUVs for if they didn't actually need them?
— Shredmo (View Profile)

Posted on 6/9/2008 1:20:15 PM | reply to this comment | Votes: 4

Hey, you all better wake up! If you are hoping to "SAVE" money by getting a small, little car, you better think about one thing. Your medical coverage on your car insurance will go UP!!! NOT DOWN. So your big gasoline savings will get eaten up by your insurance payment. Read it and weep guys, there is no getting around it. Also, wait till you start hearing about the load of fatal US car wrecks when a "Smartfortwo" and the "small cars" gets crushed by a larger vehicle. That is the reality, and you need to look at the bigger picture. I'd rather pay some money for fuel and live to see another day after a wreck.
— TexLandRover (View Profile)

Posted on 6/9/2008 4:15:43 PM | reply to this comment | Votes: -2

You don't have to buy a smart car to get out of a pickup or a denali. You can buy a small suv or a midsize sedan and still save half the gas with vehicles that are still safe. And any increase in insurance is gonna be way less than the drop in gas difference between an F150 etc and a smart car(although I'd never buy one).
— 800over (View Profile)

Posted on 6/9/2008 4:31:40 PM | | Votes: 5

My Forester has HUGE insurance discounts based on it's award winning safety. Also, one of it's discounts is due to it not being aggressive towards other vehicles in an accident. The car saves it's passengers, but not at the expense of the other vehicles occupants.

Since the introduction of the Forester, it has remained one of the safest cars on the road, period.
— Shredmo (View Profile)

Posted on 6/10/2008 3:03:04 PM | | Votes: 2

800over, I concur. My point being is I don't recommend trading in a SUV at a BIG $$$ loss, and trying to jump into "any" small car (I only used Smartfortwo as extreme example). Small cars will be high risk (Not Safe) to drive and the insurance will reflect that fact. Long run, will not really save most folks much money jumping on the "knee jerk" gas panic bandwagon.
— TexLandRover (View Profile)

Posted on 6/9/2008 4:55:56 PM | reply to this comment | Votes: -3

Sorry Mate

The Golf GTI is a Small Car
The Audi A3 is a Small Car
The BMW 1 Series is a Small Car

Hell even the 3-Series/C-Class/A4 range are considered small cars in the USA and the diesel variants of those cars will give you more than Double the mileage of those Pickups

And I promise you they are Much Safer than the Pickups, Go read the Star Ratings.
— I95SPEEDINGTICKETS (View Profile)

Posted on 6/9/2008 6:48:13 PM | | Votes: 3

my suv is 6 years old and paid for. i plan on keeping it for another 4-5 years. longer would be better.
i still need it as a wagon and will need a wagon for more years beyond that.
i let my kids drive it. they love it. it has a rumbly v8 and a sound system with a sub. i put in some gas money every week. after that, they are on their own.
a couple of weeks ago, 5 people were in it, and were hit by an mdx at a crossing angle at a fairly low speed. result: about 2k in cosmetic damage and about the same to the mdx. mdx hits a low small car, damage is completely different.
a couple of months ago, i traded in my gas sipper for a mid size sedan. now we car take the sedan together, instead of the suv. lost some gas mileage on paper, but in the real world it will work out more evenly.
— olscuul (View Profile)

Posted on 6/9/2008 7:01:00 PM | | Votes: 0

OK hypothetical question...not directed at anyone in particular, because I have thought about this for myself.

Here is the scenario: You are driving a large truck/suv/whatever to make you or your family safe. You are in an accident with a normal size car, accord/camry/whatever. The accident is your fault and someone in the other car dies or is seriously injured because of the size of your vehicle. Keep in mind that the accident is YOUR fault, not the other cars. Are you still happy that you have such a big vehicle?

I ask this because my sister-in-law was just in an accident. She was driving a Civic and nobody was hurt, but her car is totalled. She is embaressed as it is, but she would feel horrible if someone would have been hurt.

Thoughts?

Thoughts?
— daytonaviolet (View Profile)

Posted on 6/9/2008 9:09:40 PM | | Votes: 6

vio, you should have thought some more.
if you riding a bicycle and hurt a pedestrian, why would you feel any different?
— olscuul (View Profile)

Posted on 6/9/2008 10:23:19 PM | | Votes: 2

Two words: accident avoidance.

That's one thing small cars are great at. No, it definitely won't save you every time but then again try not to get yourself into accidents in the first place.
— S4cabriofoxone (View Profile)

Posted on 6/9/2008 11:36:19 PM | | Votes: 6

Utahnkid, I don't think you are callous, I think you are smug. Either way, in 99% of acidents your vehicle could be involved in, it is hardly considered safe. My 3 year old would probably think it is really cool though.
— Shredmo (View Profile)

Posted on 6/10/2008 12:41:27 PM | | Votes: 4

size has almost NOTHING to do with occupant safety.

much more important, is DESIGN of the passenger cell, energy absorbing capacity of crush zones, and accident AVOIDANCE capability (manuervability).

there are photos out there, of crash test results. a honda civic (i believe) had the whole front end wiped out, but the passenger cell had NO INTRUSION at all.

a barrier crash AT THE SAME SPEED by a full size pickup, had enuff intrusion that the driver would've suffered SERIOUS INJURY.

— ChicaneShooter (View Profile)

Posted on 6/11/2008 5:15:27 AM | | Votes: 3

grammar correction: 'now we CAN take the sedan'.
— olscuul (View Profile)

Posted on 6/9/2008 7:02:48 PM | reply to this comment | Votes: 1

watch out for that Ford Excursion with the lift kit coming your way
— toolatetorace (View Profile)

Posted on 6/9/2008 11:21:27 PM | reply to this comment | Votes: 1

the gas crises of the '70s were TEMPORARY.

while we reached PEAK OIL production in the u.s. back then, the world as a whole had not, and shipments from the mid-east resumed once the all political hoo-hah died down.

the world as a whole reached peal oil in 2007. AND we now have all the new, happy motorists in russia, china and india bidding for oil against us.

even if gas and diesel prices back off, i project it will NEVER drop below $3.00/gal again. EVER.

and if we see $5/ gal before the end of summer, the new, PERMANENT FLOOR PRICE may well be $4/gal.
— ChicaneShooter (View Profile)

Posted on 6/11/2008 5:37:12 AM | reply to this comment | Votes: 0

People who buy trucks for work and business don't care. They can write off the truck and pass along fuel costs to the customer.

Manly-men who purchased a truck to advertise what manly-men they are are the ones crying.
— huu76 (View Profile)

Posted on 6/10/2008 12:05:55 AM | reply to this comment | Votes: 0

This is a loaded article. So what if they are dropping in price. This just means deals are to be had if you need a truck or SUV. In fact, I just picked up a $40,000 2008 Ford F150 Lariat, black on black over Memorial weekend.
Man, I got it for 26K. It was a great deal. I saved $14K which buys a whole lot of gas. I am very impressed with it. I mean, I am very IMPRESSED with it.

If you need a truck, THIS IS THE TIME to buy!!!
— speedmaster (View Profile)

Posted on 6/10/2008 12:06:54 AM | reply to this comment | Votes: 1

but you know. that F150 doesn't really worth 40k anyway. it is marked as 40k but it worth no more than 26k.
This is what i don't get. most sales person rises their products' price by 50% and then give you 40% off the sticker (like some outlet stores or grand opening), and there are people fall for that!
and i am pretty sure people everywhere are getting that F150 for about 26k, so you don't really save anything.
— ghosthunter (View Profile)

Posted on 6/10/2008 3:06:20 AM | | Votes: 5

Ghosthunter, I know what you mean but it was definitely worth more than 26K. I checked them all out. Titans, Dodge, Silverado, etc,

You CANNOT get a 300HP, loaded full heated seats, captains chair leather, 8,000 tow, reverse sensor, running board, super crew cab for $26K.

You can't even get a 6 cylinder Tacoma or Frontier for what I paid. A comparable Tundra was 40K.

It was a great buy and I dont care what anyone says. I got better pricing than the employee discount. I shopped around.

i'll post some pictures to my agent page.
— speedmaster (View Profile)

Posted on 6/10/2008 4:02:47 PM | | Votes: 1

speedmaster-- you may feel good about your bargain now. you may feel differently when gas hits $5/gal. and STAYS bet'n that and 'just $4.50' or so.

some years back, IF i wanted too, i coulda took a 454 gmc pickup off some guy's hands for a mere $1000 even. it was a HUGE BARGAIN too to buy. but not TO FEED. of course i passed.

— ChicaneShooter (View Profile)

Posted on 6/11/2008 6:13:31 AM | | Votes: -1

and you think the u.s. gov't has NOT been subsidizing CHEAP OIL for the last half century and more?

we all got spoiled by it. but now uncle sugar is broke, we all collectively OWE the chinese and other foreigners hundreds of billions in debt, the dollar has consequently dropped LIKE A ROCK.

it's time to pay the piper.

— ChicaneShooter (View Profile)

Posted on 6/11/2008 5:49:36 AM | reply to this comment | Votes: -1

I'm seeing a lot of SUV's, and large luxury cars for sale. Thing is... you can pick up say, a 90's 7-series for about $6k now. They're reliable, comfortable vehicles which will offer years of service.

At the price you end up paying, even figuring in gas costs, they're a steal. Certainly cheaper than that new Toyota Prius you've been eying, and with more room, power, and a nicer interior. And if you ever feel bad about $100 tanks of gas, just remember you paid $6k, not $26k.
— altdude (View Profile)

Posted on 6/11/2008 12:03:21 AM | reply to this comment | Votes: 1

you have ANY idea what it'll cost to keep a 15 - 20 year old bmw maintained and in constant repair?

it will be DEAD and/or scrapped LONG BEFORE the $20k you THINK you'd save over a new prius is reached. AND it will cost more to keep fueled EVERY WEEK of its remaining life.

— ChicaneShooter (View Profile)

Posted on 6/11/2008 6:21:39 AM | | Votes: -1

just went to a financial conference, Alan Greenspan made some comments and like him or not, he knows a little more than everyone on this site about the economy etc..about$35-$40 of the price of a barrel is not due to the economy, it is the effects of hedge funds, speculation and financial instruments that most people simply don't understand (not sure i do either),also the weaker dollar is a major factor, and a terrorism/war premium.....when the dollar strengthens and the government enacts better regulation of the financial system, the price could drop $40-60/barrel...consumption is down but not enough to make a difference and any reduction in consumption in the US will be a joke compared to the increase in consumption in China,Russia, India and the Middle east countries that are now consuming more themselves than ever....
— bocabimmer (View Profile)

Posted on 6/11/2008 3:14:10 AM | reply to this comment | Votes: 2

"...any reduction in consumption in the US will be a joke compared to the increase in consumption in China,Russia, India and the Middle east countries that are now consuming more themselves than ever...."

which means, the DEMAND/supply ratio WILL NOT CHANGE. and likely will get even WORSE over time.

the ONLY logical restraint, is a slowing u.s. economy dragging back the economy/consumption of those fast developing countries.

considering what Dumbo Dubya has done to the national debt, while cutting taxes for the rich (how'd you like it YOUR PAY was slashed? the GOV'T's income was likewise slashed!), you are dreaming if you think the dollar will EVER recover.

even subtracting the $35-40 hedge/speculation factor, oil is STILL priced in the $95+ range. and the ever increasing costs of exploring and bringing NEW production on line suggests it will never drop below $100 again.

on the other hand, $200+ oil is not that far over the horizon. the ONLY question is WHEN, not if, we get there.

— ChicaneShooter (View Profile)

Posted on 6/11/2008 6:34:02 AM | | Votes: -1

Hey everybody wants more power,like if you beat somebody in a race it makes you better than them.Its people who need to compensate for a small penis.
— autopro (View Profile)

Posted on 6/12/2008 10:48:51 AM | reply to this comment | Votes: 3

With McCain in command, gas prices will TUMBLE after China and/or India is nuked.
— Godgore (View Profile)

Posted on 6/12/2008 6:57:15 PM | reply to this comment | Votes: 0

ChicaneShooter,

Do I give a F about gas? I sold a 42mpg SMART car because I wanted something with more power, utility. I can write off the truck and the gas.

utahnkid,

300HP is plenty enough for me in a truck, I have other cars. If I want to go fast, I'll drive a porsche 911 (which I plan to get in a month).

— speedmaster (View Profile)

Posted on 6/12/2008 7:08:55 PM | reply to this comment | Votes: 0

Have any of you guys seen the car make ZINN? Just saw one the other day. It is electric and as small as the Mini. Surprised I have not even read about it. I know it is electric because there was no tail pipe and had factory decals stating electric on the sides. I ma way too tall for that thing, but still kinda cool for the city.
— Porschinator (View Profile)

Posted on 6/12/2008 10:04:16 PM | reply to this comment | Votes: 1

My bad..it is ZENN. Will post seperate article on it.
— Porschinator (View Profile)

Posted on 6/12/2008 10:05:05 PM | | Votes: 1

doomsdayers are always proven wrong.......
— bocabimmer (View Profile)

Posted on 6/13/2008 12:19:02 AM | reply to this comment | Votes: 1

I guess some people have never experienced a Range Rover trade in.

— Godgore (View Profile)

Posted on 6/13/2008 2:40:33 PM | reply to this comment | Votes: 1

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