Author Topic: 48% of Household Income.... for a Big Ass Truck!  (Read 2160 times)

Slee_stack

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48% of Household Income.... for a Big Ass Truck!
« on: October 04, 2018, 10:04:42 AM »
According to an article in USAToday, the average PU truck price is $48K this year.

The average person buying it has an annual household income of $100k.

I've paid a bit much for our two vehicles.  The more expensive one accounted for 9% of our household income.  The cheaper one was 5%.

48%!!  Woo doggies!

Link:  https://www.usatoday.com/story/money/cars/2018/10/04/pickup-truck-prices-vehicles/1519087002/

Finallyunderstand

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #1 on: October 04, 2018, 10:41:30 AM »
Throw income taxes into the mix and estimate the real percentage of take home.  even a bigger Woo Doggy!

GuitarStv

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #2 on: October 04, 2018, 11:17:16 AM »
Worth it.  A truck makes you manly.  The TV told me so.  Without buying a truck I'd have to actually BE manly . . . and that sounds like a lot of work.  Safer to just buy the truck.  And then never use it for anything but commuting to the office.

2Birds1Stone

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #3 on: October 04, 2018, 11:30:41 AM »
The most I've spent on a car is 10% of gross annual income (mine, not household).

ixtap

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #4 on: October 04, 2018, 01:43:34 PM »
Throw income taxes into the mix and estimate the real percentage of take home.  even a bigger Woo Doggy!

Actually, I read not too long ago that "average income" usually means after tax. There just isn't any way of knowing unless an individual article makes it clear.

brute

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #5 on: October 04, 2018, 02:00:42 PM »
You'll have to pry my pickup truck from my cold, dead, callused hands. Then again, I bought it for $9k in 2008 and it's still kicking. New pickups make me shake my head. I don't think I would feel good hauling firewood or gravel in a new vehicle without any dents or scratches.

revisednut

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #6 on: October 04, 2018, 09:09:09 PM »
I'll never understand why folks just don't buy a nice used trailer for less than $1,500--same towing capacity, and you can drop/leave it as needed, and don't need to kill your gas mileage every time you get in the car.

SwordGuy

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #7 on: October 04, 2018, 09:27:23 PM »
I'll never understand why folks just don't buy a nice used trailer for less than $1,500--same towing capacity, and you can drop/leave it as needed, and don't need to kill your gas mileage every time you get in the car.

BTSD.

MilesTeg

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #8 on: October 04, 2018, 11:46:46 PM »
I'll never understand why folks just don't buy a nice used trailer for less than $1,500--same towing capacity, and you can drop/leave it as needed, and don't need to kill your gas mileage every time you get in the car.

Except... not at all. I won't defend buying a truck that's not used as a truck. But that's merely stupid and wasteful. Using an inappropriate vehicle to tow it haul with us down right dangerous.

marty998

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #9 on: October 05, 2018, 04:30:53 AM »
I'll never understand why folks just don't buy a nice used trailer for less than $1,500--same towing capacity, and you can drop/leave it as needed, and don't need to kill your gas mileage every time you get in the car.

BTSD.

The poor wife.


FamilyGuy

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #10 on: October 09, 2018, 08:06:14 PM »
According to an article in USAToday, the average PU truck price is $48K this year.

The average person buying it has an annual household income of $100k.

I've paid a bit much for our two vehicles.  The more expensive one accounted for 9% of our household income.  The cheaper one was 5%.

48%!!  Woo doggies!

Link:  https://www.usatoday.com/story/money/cars/2018/10/04/pickup-truck-prices-vehicles/1519087002/
What can I say! It doesn't sound very sensible at any angle.

brute

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #11 on: October 10, 2018, 07:02:30 AM »
I'll never understand why folks just don't buy a nice used trailer for less than $1,500--same towing capacity, and you can drop/leave it as needed, and don't need to kill your gas mileage every time you get in the car.

Except... not at all. I won't defend buying a truck that's not used as a truck. But that's merely stupid and wasteful. Using an inappropriate vehicle to tow it haul with us down right dangerous.

Pretty much. Please, don't try to tow 10k pounds of gravel with the defactor 2006 scion xb. As amazing as the videos would be, I'd rather everyone be safe.

GuitarStv

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #12 on: October 10, 2018, 07:10:41 AM »
I'll never understand why folks just don't buy a nice used trailer for less than $1,500--same towing capacity, and you can drop/leave it as needed, and don't need to kill your gas mileage every time you get in the car.

Except... not at all. I won't defend buying a truck that's not used as a truck. But that's merely stupid and wasteful. Using an inappropriate vehicle to tow it haul with us down right dangerous.

Pretty much. Please, don't try to tow 10k pounds of gravel with the defactor 2006 scion xb. As amazing as the videos would be, I'd rather everyone be safe.

Agreed.  Use the right vehicle for the job.


craiglepaige

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #13 on: October 10, 2018, 07:18:23 AM »
FIL bought a $72k truck on a $55k yearly income. He then added a $2k bed cover that completely negates the utility of the bed without removing the whole (110lbs) thing. He has a bad back so...

talltexan

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #14 on: October 10, 2018, 07:58:23 AM »
I'm not so bad-ass, more half-ass.

My new vehicle purchases have typically been in the high teens %-wise as far as vehicles are concerned.

Oh, and they're typically five years apart.

I told my MIL that I couldn't imagine having two car payments at the same time, and she looked at me like I was crazy.

ducky19

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #15 on: October 10, 2018, 11:34:42 AM »
"Herron said he believes he got a good price because the Denali trim level will hold its resale value better than his BMW did. Herron paid $84,000 for his BMW when he bought it new 23 months ago. He sold it for $44,000."

Ouch. Just... ouch. $1739.13/mo in depreciation. Yeah, I'm sure your Denali will do you a lot better, my friend. I'm also in the camp that paid less than 10% of their salary for a car - love my 2007 Vibe, and it's still worth half what I paid for it ($7k) four years ago!

FINate

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #16 on: October 10, 2018, 12:23:30 PM »
I'm somewhat thankful for the guys that buy new trucks every few years. I had lots to choose from when buying a used truck. Lots of trucks with 20k miles/year and higher - seriously, who thinks this is a good idea?! But was also able to find a low milage like new 4-year old truck at about 5/8 the price. It gets less than 5k miles a year, exclusively used for outdoor adventures, dump runs, and towing.

Would never use a PU for commuting, but would also never go back to not having one for the type of outdoor activities I enjoy.

ducky19

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Re: 48% of Household Income.... for a Big Ass Truck!
« Reply #17 on: October 11, 2018, 07:52:50 AM »
Here's a pic of my set up last weekend car camping at a race. First time using the large canopy - next time will add a couple more tarps to beef up the privacy. Twin air mattress sets up perfect in the back, super comfy and cozy. If it's warm you can leave the back hatch open and get some air, even if it's raining (which it was).