If you are shopping, these are some models you might want to avoid. A few similarities ... lots of tech that failed.
Unbelievable Depreciation on Some Vehicles
- Thread starter jimh406
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JimDeL
Well-known member
Lifetime Member
Equipment
BX2380; R4 tires; 54" MMM; FEL w Pirahna bar; Ballast Box; BXpanded skid plate.
In my area Toyotas, Subarus, and pickup trucks all hole their value well. Most others not so much.
You could argue the other way around as well, if the resale value of those vehicles is zilch, they are the ones to buy (second hand)
I've been wanting a new vehicle - most likely an SUV - for the last 4 years. The more I investigate the less I like all of them. If GM didn't have that awful cylinder deactivation it would be a Tahoe.
A crew cab pickup could work. Again, there's the GM CD and they shipped a bunch of pickups that had roof panels splitting before leaving the lots.
The Fords seem to have trans problems being reported. Rams are kind of attractive because some have nearly 25% depreciation before they are sold.
The Trailblazer the company sold me for $1200 when I retired in 2021 has 296,000 miles on it and still runs great. So far it's only needed brakes, tires, etc. One of these days it'll take a crap and I'll HAVE to replace it.
A crew cab pickup could work. Again, there's the GM CD and they shipped a bunch of pickups that had roof panels splitting before leaving the lots.
The Fords seem to have trans problems being reported. Rams are kind of attractive because some have nearly 25% depreciation before they are sold.
The Trailblazer the company sold me for $1200 when I retired in 2021 has 296,000 miles on it and still runs great. So far it's only needed brakes, tires, etc. One of these days it'll take a crap and I'll HAVE to replace it.
If you haven't, take a look at the Lexus GX460. Very reliable, but not new. Many are traded in after 3 years and generally have very good maintenance/maintenance records. You'll be surprised at what you get for the price compared to anything else.
I did. Although the diesel MPG is greater, so is the fuel cost. Rough figuring the diesel costs around 2¢ more per mile than gasoline to operate. Then there's that belt driven oil pump that runs the rubber belt in oil (recommended replacement at 150K miles requires trans removal).
I have been buying and driving Tahoes for decades…great work horse. I have a device that plugs into the OBD port that defeats that crap…called a Range. Works perfectly.
All new cars have aftermarket defeat devices…
I'm not surprised on anything on the video list.
All were either cutting edge EV stuff or exotic stuff.
People make the choice to be first movers, early adopters, cutting edge or whatever bucket you want to call it and its that choice of being risky, first cutting edge or innovative that can cost in the end.
I don;t feel bad for people who choose to take these huge risks. Can't complain if you get butt burnt when you take a first mover risk cause you think you are going to profit big or look more important than others, etc....
Remember
- google glasses at $1,500 per pair,
- 3D TV's for $10 grand
- NFT's like that Merge and PAK and other non-fungible tokens (sp?) that sold for over $150 BILLION... and the wonder why they are worth(less) now (haha)
- the Metaverse (thinking of those guys that paid $95 million for a yachts.
- as a farmer the Jerusalem artichoke, the Llama craze, the ostrich fad that was supposed to replace us chicken farmers, etc....
- etc...
some of this reminds me of the Nigerian Prince inheritance scam, etc... Always lots of smart people thinking of ways to get your money out of your coveralls into theirs. Been that way forever. EV's maybe just to early for the masses. Truly hope it works in the end though.
Me I will stick with the tried and true and leave the first mover mistakes to others as much as possible.
Sure I might miss out on the odd big win but sleep well knowing I didn't get pulled in too deep into bad losses.
All were either cutting edge EV stuff or exotic stuff.
People make the choice to be first movers, early adopters, cutting edge or whatever bucket you want to call it and its that choice of being risky, first cutting edge or innovative that can cost in the end.
I don;t feel bad for people who choose to take these huge risks. Can't complain if you get butt burnt when you take a first mover risk cause you think you are going to profit big or look more important than others, etc....
Remember
- google glasses at $1,500 per pair,
- 3D TV's for $10 grand
- NFT's like that Merge and PAK and other non-fungible tokens (sp?) that sold for over $150 BILLION... and the wonder why they are worth(less) now (haha)
- the Metaverse (thinking of those guys that paid $95 million for a yachts.
- as a farmer the Jerusalem artichoke, the Llama craze, the ostrich fad that was supposed to replace us chicken farmers, etc....
- etc...
some of this reminds me of the Nigerian Prince inheritance scam, etc... Always lots of smart people thinking of ways to get your money out of your coveralls into theirs. Been that way forever. EV's maybe just to early for the masses. Truly hope it works in the end though.
Me I will stick with the tried and true and leave the first mover mistakes to others as much as possible.
Sure I might miss out on the odd big win but sleep well knowing I didn't get pulled in too deep into bad losses.
The same now with washers dryers and most appliances. Very hard to find any reliable repair service.
Something interesting: EV owners saying, "I bought a ..." when they leased it. They want to flex on their decision but even they know it's junk.
jyoutz
Well-known member
Premium Member
Equipment
MX6000 HST open station, FEL, 6’ cutter, forks, 8’ rear blade, 7’ cultivator
One of my 'pet peeves'. Holds true for ICE cars as well. I always ask 'did you buy it ?' When they say ,leased, I reply, so you have ZERO confidence in the quality of the car, so you're renting it for 2 years !
I understand a business leasing them, BTDT. My company paid huge monthly and buyout was cheap which we did. For a person to lease makes no financial sense.
I visited my friend in Kettle Falls over the New Year break. His 97 year old mum insisted on making me breakfast using the six burner stove that she bought in 1952 and that she's still using. It's one cool-looking Art Deco stove. I took a photo of her slaving away and will post when I'm back from a work trip.
That brings back memories. My Grandma had an old GE stove that I'm pretty sure was bought in the early 1950's. She'd make delicious whole meals in a big cast iron skillet. The stove still worked fine when she passed in '94 and was used by an aunt for the next several years till she moved. Could still be goingI visited my friend in Kettle Falls over the New Year break. His 97 year old mum insisted on making me breakfast using the six burner stove that she bought in 1952 and that she's still using. It's one cool-looking Art Deco stove. I took a photo of her slaving away and will post when I'm back from a work trip.
The picture below looks like the stove I remember. It had the "deep well" that Grandma made chicken potpie (PA version - big square homemade noodles) a few times every year till her death. The left rear burner on the stove could be used in the normal way or it could be pushed down and the aluminum pot sitting on the stove could drop in flush for cooking.
When our oldest son was about two, Grandma sent leftovers along home with us in the aluminum pot. When it was empty we washed it and put it on the dining room table to take along to town on the next trip. I was at work and Wifey was on the phone when she thought #1 Son was too quiet. When she stretched the phone cord enough to see into the dining room, #1 Son was on the table perched on the pot taking a leak. He was SO proud that he was potty trained. My aunt refused to ever eat pot pie again.
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JimDeL
Well-known member
Lifetime Member
Equipment
BX2380; R4 tires; 54" MMM; FEL w Pirahna bar; Ballast Box; BXpanded skid plate.
My Mom had that stove. Bought it new sometime in early 50's. The 'deep well' feature made a lot of soups and stews. Was still using it until she died in 2011.That brings back memories. My Grandma had an old GE stove that I'm pretty sure was bought in the early 1950's. She'd make delicious whole meals in a big cast iron skillet. The stove still worked fine when she passed in '94 and was used by an aunt for the next several years till she moved. Could still be going
The picture below looks like the stove I remember. It had the "deep well" that Grandma made chicken potpie (PA version - big square homemade noodles) a few times every year till her death. The left rear burner on the stove could be used in the normal way or it could be pushed down and the aluminum pot sitting on the stove could drop in flush for cooking.
When our oldest son was about two, Grandma sent leftovers along home with us in the aluminum pot. When it was empty we washed it and put it on the dining room table to take along to town on the next trip. I was at work and Wifey was on the phone when she thought #1 Son was too quiet. When she stretched the phone cord enough to see into the dining room, #1 Son was on the table perched on the pot taking a leak. He was SO proud that he was potty trained. My aunt refused to ever eat pot pie again.