We have 10 year 80,000.00 pick-up trucks now. Wont be long till they are 150,000.00 and 20 year loans.
We already have pickups well over a $100k....
If the asset only lasted ten years it would be nice. Ha Ha.
Such trends can't last. Trucks are becoming more expensive while complexity and repairs are increasing and life is decreasing. This is ALL due to government mandates.
I'm not that old, but not that long ago, simple, aspirated pick-ups running on sulfur diesel would easily last 300K miles and could be repaired by almost anyone. I remember my uncle, who was farmer, had one that ran for over 500K (and that's in the upper midwest, where the bodies rusted out first)