What would payments be on a new truck?

**Cool Hand** · 10-10-2006 10:50 AM

I was at the Volvo dealer and he wouldn't actually give me a good idea of what monthly payments would be for a new ($135k) truck. "Credit application blah blah blah..."

But really now: to purchase a $100,000 truck, what would payments be? I'm thinking about $2000/mo? Assume zero down just for the sake of argument.

**geomon** · 10-10-2006 10:57 AM

Go to any loan rate calculator on line and play with the numbers.

Here's just one of many:
http://cars.com/go/advice/financing/calc/loanCalc.jsp

**Cool Hand** · 10-10-2006 11:00 AM

I really wish I had a good reason for why I didn't think of that... :?

**Rev.Vassago** · 10-10-2006 11:06 AM

Originally Posted by Cool Hand

I was at the Volvo dealer and he wouldn't actually give me a good idea of what monthly payments would be for a new ($135k) truck. "Credit application blah blah blah..."

But really now: to purchase a $100,000 truck, what would payments be? I'm thinking about $2000/mo? Assume zero down just for the sake of argument.

At least $2100 per month.

**rank** · 10-10-2006 11:43 AM

one thing I'm learning is this: if you can't afford to buy the truck outright, you can't afford the truck. Insurance and interest cut into the bottom line too much.

**NascarFan** · 10-10-2006 12:57 PM

About $2,400 month with 0 down and 8.5% intrest.

**Big John** · 10-10-2006 09:33 PM

$135,000 for a Volvo :shock:

10-10-2006 10:36 PM

Payments would be high. :shock:

**Mackman** · 10-11-2006 04:39 AM

Originally Posted by Big John

$135,000 for a Volvo :shock:

i was thinking the same thing a 135M(gman) for a volvo what a rip off my .02cents

**geomon** · 10-11-2006 07:41 AM

Big John wrote:
$135,000 for a Volvo

i was thinking the same thing a 135M(gman) for a volvo what a rip off my .02cents

Are you equating the cost of a truck with the fact you don't like the "look" of it? You pull the skin off of any of any Kenny, Pete, Volvo, or Freightshaker and what do you see.....driveline components all made by the same select group of companies (we'll leave off the Volvo engines in this discussion). So why should a Volvo be "cheaper" than a Kenworth? They all use outsourced suppliers for the major and costly components. The only differences would be cost of labor to build them and the design and fit of the "skin" components. In fact based on comments I've seen on the ride and noise levels, Volvos rate among the best.

**Mackman** · 10-11-2006 09:31 AM

your right geomon but i just see more money in a 379 or a w900. Nice long hoods s/s air cleaners you know the little chrome things. Am sure they will have better re sale valve to. But like i said that's just my 2 cents. if i was going to spend that type of money i would just get a long hood but that's just me.

**Cool Hand** · 10-11-2006 09:34 AM

I know...Volvos are expensive. But I am star-struck by their full-sized sleeper cabs. I mean, a bed that turns into a table, a running-water pull-out sink, the supposed quietness...Guess I'm a sucker for that kind of thing.

So the next question is, how many miles does one of these $135k trucks need to have before it's sold as a used truck for under $100k?

**Rev.Vassago** · 10-11-2006 01:32 PM

Originally Posted by Cool Hand

I know...Volvos are expensive. But I am star-struck by their full-sized sleeper cabs. I mean, a bed that turns into a table, a running-water pull-out sink, the supposed quietness...Guess I'm a sucker for that kind of thing.

So the next question is, how many miles does one of these $135k trucks need to have before it's sold as a used truck for under $100k?

According to Truckpaper.com, about 200,000 miles.

**NascarFan** · 10-11-2006 04:07 PM

It depends a dealer trying to sell it probabbly about 150,000mi but if you try to sell it about 1,000mi.

**Sonny Pruitt** · 10-11-2006 05:11 PM

Cool hand
Come here
Closer to the screen
A little closer
BANG!!!!!!!!!!!!!!!!! (as I hit you over the head with a frying pan)
Look around at all the Volvo's that are owned by the Mega fleets (including Ryder etc)
Do you think they paid 135k?
Who in their right mind is going to give YOU 100k for a used truck when they dump their used Volvo's on the market? week after week
and chances are you have the same white with black trim paint scheme?
Go to the truckpaper and see what a 3 or 4 year old Volvo is getting
You will lose your shirt
2003 770's are going for 60k
0 down on 135k? no chance

**GMAN** · 10-11-2006 05:15 PM

Originally Posted by Cool Hand

I know...Volvos are expensive. But I am star-struck by their full-sized sleeper cabs. I mean, a bed that turns into a table, a running-water pull-out sink, the supposed quietness...Guess I'm a sucker for that kind of thing.

So the next question is, how many miles does one of these $135k trucks need to have before it's sold as a used truck for under $100k?

Just drive it around the block and you will lose about 20-30% of the full sticker price. :shock: Volvo probably makes to most comfortable truck on the market. It also depreciates more quickly than most other brands. It is right up there with Freightliner in depreciation. You can get a good buy in a used Volvo, but will take a bath on a new one in depreciation.

I am curious as to how much exprience you have driving and why you would purchase a new truck for $135,000 truck starting out? :?

**NascarFan** · 10-11-2006 05:17 PM

I'm not sure but he might be talking about the 880 not some plane speced truck.

**GMAN** · 10-11-2006 06:24 PM

It doesn't really matter whether it is the 880 or one of the lower end trucks, Volvo's simply don't hold their value as well as some other brands, although the better equipped trucks will hold up better than the plain jane trucks. It is unfortunate, because they make a very good driving truck. There are some drawbacks, such as the set back engine, when you have to work on the engine, but it is a good truck. It just doesn't hold it's value. All trucks depreciate a lot during the first couple of years. Some depreciate more than others. If you buy a new truck and finance it, you will be upside down for at least 2 years or so, no matter what the brand.

**Rev.Vassago** · 10-11-2006 06:32 PM

Originally Posted by GMAN

Just drive it around the block and you will lose about 20-30% of the full sticker price.

How big is this "block" you are driving around? About 250,000 miles?

I would love to know where you get this info from, considering a brand new 2006 379 Peterbilt goes for about $130,000, and a used 2006 379 Peterbilt with 150,000 miles goes for about $110,000 - $120,000, according to truckpaper.com.

According to my calculator, that is a 7.6% to a 15.3% depreciation for 150,000 miles.

Heck, my truck has only lost about 22% of its sticker price, and it is a 2004 model.

That 20% - 30% garbage is a big wives' tale.

**PackRatTDI** · 10-11-2006 06:45 PM

Originally Posted by Mackman

your right geomon but i just see more money in a 379 or a w900. Nice long hoods s/s air cleaners you know the little chrome things. Am sure they will have better re sale valve to. But like i said that's just my 2 cents. if i was going to spend that type of money i would just get a long hood but that's just me.

Sure, you can buy a Pete 379 and be smug about it's future resale value while you lose the difference in fuel consumption. :wink:

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