Is buying a commercial truck a good investment?
You might be able to save a substantial amount of money by buying a used truck. While a new model might be priced well over $100,000, a used one might be way under $100,000. So, whether you’re planning on financing, leasing, or paying cash, you may have more money left over when you buy used.
Why is the cost of trucks so high right now?
Trucks retain value longer than cars, so used trucks are consistently more expensive. Production is down, and many auto plants remain closed from the COVID-19 pandemic. To stay profitable, car companies are raising prices on the small number of vehicles they can produce. This problem isn’t going away, either.
How much have trucks went up in price?
Base Models See Modest Price Increases
The best-selling truck in America, the Ford F-150, has seen a 2.6% increase in base MSRP since December 2021. The F-150 now starts at $29,990. The only truck to fare better (for the consumer) is the Toyota Tacoma, which has gone up 2.1% to a current MSRP of $26,700.