I would love to have a truck…
I would love to have a truck. They used to be the cheaper vehicle to buy, waay back in the day. It's absolutely absurd the price of trucks today. $71,000 is just over the average price for trucks, which is bonkers. I make enough money to buy whatever I want. But there's no way to convince me that a utility vehicle will pay itself back if it's over 35k versus a smaller vehicle with a trailer. Unless you have to tow something very heavy frequently, there's no point. Zero.
These are property that will depreciate in value very quickly. The more you use it, the more they depreciate. To take out a 72+ month loan on any vehicle we all know is dumb. But a quick residual value lookup for that Tundra after 72 months puts it at 18,400. Which means they are taking a $52,600 loss in 6 years. Just to compare, my new Crosstrek Wilderness will have the same residual value of about $18,500, but I only paid $31,500. There's a $40,000 difference there, see? Think of the trailer upgrade, plus a dirtbike, atv, and snowmobile I could buy to put on it for that money.