Not once in this thread has anyone suggested he buy new, unless if he were looking at a 'nearly' new truck.
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GW..when we had this discussion a few years back I went back thru and added up all the costs of the vehicles I had bought over the past 40 yrs and then pro-rated them...it worked out to about $1,200 a yr for vehicle ownership in my lifetime. AND I never had a major bill, no where near $1K at least ..because I would have junked it and bought another.
Should add..back then 'new' cars were only about $5K..the only 'new' car I ever bought was a Caprice Classic wagon and it was $6,200.
I looked at a 2009 GMC Canyon , same as Chev, Colorado, which replaced the S-10, this truck belonged to my friend who passed away two months ago, it has the extended cab and the 5 cyl. engine and a matching cap,[ it's great on fuel economy] , I said no as the appraised value is still between $ 11,000.00 to $12,000.00
Brand new Chev, True North Edition , is at home here now, and it is amazing the fuel economy it gets when i can cruise along on a flat stretch of road and it drops back to 4 cyl. at 90 kmph.
My Wife is not very good with money, if she was I would actually be retired right now and I am only 47, for the past 8 years now I have taken full control of the finances and make ALL Financial Decisions.
By the way I have only driven it maybe 5 times in 8 years.