Re: Time to sell the Tundra???
It's surely an expensive 2nd vehicle. I've thought about tossing mine because I really don't need two trucks. It's a convenience but I could easily sell the Tundra and not miss it. However, I think the worst of the depreciation has hit at this point. There's not a lot of people BUYING trucks right now because of the shock factor. My truck has dumped $5,000 in value since December. It can't keep dropping that fast so if I sold it now I'd realize that loss instead of spreading it out over time. So I'd lose money selling it and have to spend money to replace. Even if the new car got 30mpg I'd not save THAT much in the scheme of things. Maybe $200/month tops. Will take a long time to recoup that huge deprecition hit.
Here's some more math for you. I'm commuting about 15k miles a year and averaging 17mpg. At $3.50/gallon I'm spending $250/month in fuel. For ever $.25/gallon increase, it costs me $18/month. So when gas if $5/gallon I'll be spending an extra $100/month in fuel over todays prices. Not the end of the world and still wouldn't justify the huge depreciation loss I'd be taking.
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'05 Tundra DC 4x4 (my DD)
'05 Honda Odyssey (her DD)
'03 Ram 3500 Cummins 6-speed dually (for haulin)
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