I live in Florida, where cars typically don’t rust and tend to remain in good condition for a long time. Why spend $45,000 on a new F150 when I could get a clean used F150 with around 100,000 miles for $20,000? Even if I had to invest an additional $5,000 in a new engine or transmission, wouldn’t I still come out ahead? I also handle most of my own vehicle maintenance.
Buying a used F150 with lower mileage can be a smart move, especially if you’re handy with repairs.
However, while you might save upfront, consider potential hidden costs beyond engine and transmission.
Electrical issues, suspension components, and body damage can add up. Plus, a new truck often comes with warranty coverage and the latest safety features.
It’s a balancing act between saving money now and potential long-term costs.