2015 3500 Denali Duramax

800HMX · Oct 10, 2015

$70k plus for a truck is a lot of money. Just another payment for most people though.

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young-gun · Oct 10, 2015

I am paying less than that for this, but I get deals through employer.

800HMX · Oct 10, 2015

I would be embarassed, not proud to pay >$70k for a truck. :d

gdhillon · Oct 10, 2015

Im not a gm guy but that p/u is pretty nice...congrats!

IMO as long as it puts a smile on your face its worth the money!....atleast thats how I rationalize 90% of my purchases haha

X-Treme · Oct 11, 2015

800HMX said:
I would be embarassed, not proud to pay >$70k for a truck. :d

I guess you'll NEVER own a new HD truck. To each their own.

snochuk · Oct 11, 2015

My 2015 Longhorn 3/4 ton Diesel listed at 85K, with rebates was 65K.
Factory air ride suspension and everything else then 3M, under coat, rust prof and custom running boards which I will post a pic of later.

When you get to the high end new 3/4 Ton+ diesel trucks of any make they are in the mid 80s. If you buy a year old rebates vary from 15-20K.
I you want all the bells and whistles you pay dearly for them. Can you justify the 40K difference from a basic 3/4ton diesel to a 85K. No!

But man are they nice if you can afford one - as in actually afford one not make payments in this economy.
Debt loading for bells and whistles does not make sense.

gates559 · Oct 11, 2015

AreWeThereYet said:
Ouch,... I would never pay that much for a truck, even if I had to option to write off payments through a company vehicle. Too much money just sitting there and everyone knows vehicles are a depreciating purchase.

It's a shame you were taught that. You are obviously not self employed. Vehicles are only a depreciating asset to people who dont know. Classic cars are an asset. Many people have made huge gains on them.
New vehicle that are bought through a company and that can be wrote off make you money. High end vehicles hold their value better.

I would rather spend 170k on a new truck and piss my money away, than give what I dont spend to the government.

gates559 · Oct 11, 2015

800HMX said:
I would be embarassed, not proud to pay >$70k for a truck. :d

Lol, I'm embarrassed for you, I also prefer steak and lobster.

X-Treme · Oct 11, 2015

snochuk said:
My 2015 Longhorn 3/4 ton Diesel listed at 85K, with rebates was 65K.
Factory air ride suspension and everything else then 3M, under coat, rust prof and custom running boards which I will post a pic of later.

When you get to the high end new 3/4 Ton+ diesel trucks of any make they are in the mid 80s. If you buy a year old rebates vary from 15-20K.
I you want all the bells and whistles you pay dearly for them. Can you justify the 40K difference from a basic 3/4ton diesel to a 85K. No!

But man are they nice if you can afford one - as in actually afford one not make payments in this economy.
Debt loading for bells and whistles does not make sense.

I would bet everything I own, that there is a VERY VERY small percent of people that can buy a $65K truck with cash. There's nothing wrong with making payments, if you are gonna use that truck.

Stompin Tom · Oct 11, 2015

gates559 said:
It's a shame you were taught that. You are obviously not self employed. Vehicles are only a depreciating asset to people who dont know.
New vehicle that are bought through a company and that can be wrote off make you money. High end vehicles hold their value better.

I would rather spend 170k on a new truck and piss my money away, than give what I dont spend to the government.

I am self employed for most of my life, have done very well, have a good accountant and I call bull chit on most of what you say in the above statement. New vehicles which are purchased and used for personal use NEVER make you money. You may be able to write off a percentage, but a write off is a write off, not a money making asset.

gates559 · Oct 11, 2015

Stompin Tom said:
I am self employed for most of my life, have done very well, have a good accountant and I call bull chit on most of what you say in the above statement. New vehicles which are purchased and used for personal use NEVER make you money. You may be able to write off a percentage, but a write off is a write off, not a money making asset.

I started to write you back but realized I dont care.

Stompin Tom · Oct 11, 2015

gates559 said:
I started to write you back but realized I dont care.

or in other words, your wrong.

gates559 · Oct 11, 2015

No in my post I am clearly talking about a vehicle owned through a business. For some reason you flip the switch and talk about a personal vehicle. Do you have any idea what this guy is using his Denali for? It could pay for itself in a couple months.

All I can tell you is that vehicles do not cost me or my wife a cent. Doesnt matter if their 25k or 85. If I figure what the vehicle cost for the total time owned and how much money it has earned/ saved for me, its a no brainer.
It really would depend on your business. My dad was self employeed as well and shared your views.

My comment was about a Depreciating asset and all I am saying is its not always the case. "a vehicle is a depreciating asset" is not always true.

800HMX · Oct 11, 2015

X-Treme said:
I guess you'll NEVER own a new HD truck. To each their own.

Last Fall I bought a 2015 f250 diesel CC. Paid about $53000 OTD. Sucked to write the check, but better than payments.

800HMX · Oct 11, 2015

gates559 said:
It's a shame you were taught that. You are obviously not self employed. Vehicles are only a depreciating asset to people who dont know. Classic cars are an asset. Many people have made huge gains on them.
New vehicle that are bought through a company and that can be wrote off make you money. High end vehicles hold their value better.

I would rather spend 170k on a new truck and piss my money away, than give what I dont spend to the government.

You can't spend yourself rich

. An expense is an expense. As a business owner you will learn that.

Stompin Tom · Oct 11, 2015

gates559 said:
No in my post I am clearly talking about a vehicle owned through a business. For some reason you flip the switch and talk about a personal vehicle. Do you have any idea what this guy is using his Denali for? It could pay for itself in a couple months.

All I can tell you is that vehicles do not cost me or my wife a cent. Doesnt matter if their 25k or 85. If I figure what the vehicle cost for the total time owned and how much money it has earned/ saved for me, its a no brainer.
It really would depend on your business. My dad was self employeed as well and shared your views.

My comment was about a Depreciating asset and all I am saying is its not always the case. "a vehicle is a depreciating asset" is not always true.

I quote you

"It's a shame you were taught that. You are obviously not self employed. Vehicles are only a depreciating asset to people who dont know. Classic cars are an asset. Many people have made huge gains on them.
New vehicle that are bought through a company and that can be wrote off make you money. High end vehicles hold their value better.

I would rather spend 170k on a new truck and piss my money away, than give what I dont spend to the government."

Once again I call BS. Frankly I think you have no idea of what costs are. Do you own your own business and think your driving for free, or do you work for somebody else and are supplied a vehicle? If it doesnt cost you or your wife one cent to drive a vehicle owned by a business one day you will be meeting with Revenue Canada and a real nice bill bill sent to you with a legal notice to pay. A vehicle is a tax write off for business use which is a direct cost, but it is a taxable benefit for personal use. Either way it is a cost which somebody has to pay.

Stompin Tom · Oct 11, 2015

gates559 said:
No in my post I am clearly talking about a vehicle owned through a business. For some reason you flip the switch and talk about a personal vehicle. Do you have any idea what this guy is using his Denali for? It could pay for itself in a couple months.

All I can tell you is that vehicles do not cost me or my wife a cent. Doesnt matter if their 25k or 85. If I figure what the vehicle cost for the total time owned and how much money it has earned/ saved for me, its a no brainer.
It really would depend on your business. My dad was self employeed as well and shared your views.

My comment was about a Depreciating asset and all I am saying is its not always the case. "a vehicle is a depreciating asset" is not always true.

and it is not my view, it is the view of my accountant and backed up buy the laws of Revenue Canada.

You will wish you listened to your father when big brother comes knocking at your door.

gates559 · Oct 11, 2015

Stompin Tom said:
and it is not my view, it is the view of my accountant and backed up buy the laws of Revenue Canada.

You will wish you listened to your father when big brother comes knocking at your door.

Worked for myself since 07, been audited too. Turned out great.
If you keep telling me I'm full of chit and that I am breaking the law, my feeling are gonna get hurt!

LennyR · Oct 11, 2015

800HMX said:
Last Fall I bought a 2015 f250 diesel CC. Paid about $53000 OTD. Sucked to write the check, but better than payments.

you said you'd be embarrassed to pay $70 k for a truck, wow, I'd think your tolerance would be way higher, especially after telling us you chose to buy a Ford, and paid $53, That would embarrass most guys .

X-Treme · Oct 11, 2015

LennyR said:
you said you'd be embarrassed to pay $70 k for a truck, wow, I'd think your tolerance would be way higher, especially after telling us you chose to buy a Ford, and paid $53, That would embarrass most guys .

Definitely worthy of some green rep. Haha

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