Re: Would you trade your glamour truck for a brand new Chevy?
Its a difficult question to answer. My initial thought is why trade an appreciating asset for a depreciating asset? Thinking it through if someone wanted to trade a $60,000 truck I could immediately sell for $50,000 for a truck worth $35,000 I would probably do it and look for another one to rebuild.
This thread got me thinking of the escalating cost of new trucks. My personal experience on the trucks I have purchased:
1979 Silverado Short Box 4 x 4 - loaded $10,500 MSRP
1985 GMC Sierra Classic Short Box 4 x 4 - loaded $15,300 MSRP
2003 Silverado SS Short Box AWD - loaded $38,500 MSRP
Each one is more advanced than the previous (well maybe not the GMC, it had a 305 . . .) but I am willing to bet the cost increase is outpacing the increase in the average wage.
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71 Cheyenne Super 4X4 SB
72 Cheyenne Super 4X4 SB
72 Cheyenne 4X4 SB
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