Is A Pickup Truck A Good Investment?

If you have been shopping for a new truck recently you likely have noticed that their prices have drastically increased over the last few years. When people notice that it will make them question whether they should get a new truck at all and whether it is a good investment or not. 

If you look at it straight from a financial investment a new truck is not exactly a very good investment.

As soon as you drive that truck off the lot it will be worth a few thousand dollars less than what you paid for it new.

However, if you buy a used truck that is only a few years old it will be a better investment and not depreciate as quickly.

Buying a truck as an investment like a stock is quite simply foolhardy as the value of vehicles will always go down as you use them unless you are buying classic vehicles that could increase in value.

Is It Better To Buy A Used Or New Pickup Truck?

For people who do not intend to use their truck for heavy-duty work, buying new could be the best choice for you. For people who are looking to use their pickup trucks to transport a bunch of things or to use regularly for work a used model may be more appropriate. 

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