Geico has gotten expensive for sure! Mid 2023 I changed to another, saved $900 + a year, not including other insurance.
@DeathsInverse
7 ай бұрын
I reminisce on the days before my son got his license and was added to my insurance 😢
@vr4787
7 ай бұрын
Honestly, who buys a truck for resale value? You’re never going to get back what you pay. If it keeps going keep it, not having a car payment is the best feeling.
@tomstarcevich1147
7 ай бұрын
Exactly 💯 💯 💯 💯
@steveo848484
7 ай бұрын
I look at cost of ownership. And resale value is a large variable
@JBUCKNE
7 ай бұрын
That is an excellent point! I like knowing my vehicle is maintaining its value but realistically I keep vehicles until the wheels are falling off so it’s a scratch.
@shettlock
7 ай бұрын
lol people who care about their financial well being. The fact that all autos lose value doesn’t mean RAMs equal any others. There is a long history of very expensive repairs for RAMs from year 5 onwards. That’s why they lose value so fast. It’s because the market knows they’re expensive to own AFTER the payments have stopped
@vr4787
7 ай бұрын
@@shettlock must have missed the memo on that one, payed off my Ram, do most of my own maintenance, and keeps on going. Same with our 07 Dodge Ram Cummins 2500 still chugging along.
@beachlife3772
7 ай бұрын
RAM has the highest insurance...23 of 100 owners get into wrecks...The RAM Tungsten will be the same price of a BMW X7 base model.
@ervinjackson3261
6 ай бұрын
I wouldn’t pay that much money for that truck 60,000 with everything would’ve been good for me I’m only paying 45,000+ tax
@Boobtube.
7 ай бұрын
you need to get a classic vehicle insurer to insure your 62 pick up truck. I use American Modern insurance for my classic. Check them out. They specialize in older vehicles insurance and you can choose how much value you want to put on your 62 truck. A non classic vehicle insurer might just be charging you more than you should be paying for your 62.
@Pickuptrucktalk
7 ай бұрын
I’ve checked them out. I’ll stick to my $5 a month plan.
@Boobtube.
7 ай бұрын
@@Pickuptrucktalk please enlighten me. Classic car insurance for 5 bucks a month? Are you allowed to drive it at all? who is the company? How much is the truck covered for?
@Pickuptrucktalk
7 ай бұрын
@@Boobtube. So, I double checked and sorry I was off. It is $20 a month and I use Geico. No limits on driving.
@Boobtube.
7 ай бұрын
@@Pickuptrucktalk ok, so i'm paying $182 a year for 90K coverage on my '69 camaro.
@Boobtube.
6 ай бұрын
so thats $15 a month
@flmoseley8141
7 ай бұрын
The reason why depreciation is so much in the first year on the new pick up trucks is because they are enormously overpriced and that first year depreciation reflects it. That way worse than even a RV which are notoriously bad investments. The reason they sell them at these inflated prices is because you guys keep buying them and buying them at msrp. Its stunning watching these young buyers making such poor financial choices. There is a reason why they finance now at 7+ years. Even with that these car payments are way above 1 grand to even 1500+ a month. That is insane. Even paying cash for those new trucks is crazy. In the coming years there are gonna be so many younger people with defaulted loans and ruined credit. The loan life is gonna end up exceeding the trucks life. Think about that. Stop buying these new trucks and the MSRP will drop like a rock. New truck purchases are currently the worst investment in America outside of buying swamp land in Louisiana.
@girishbhardwaj6795
7 ай бұрын
I am looking at replacing my Pathfinder 22 SL for a 2.7L Elevation Sierra, would it be a sensible purchase?I don't tow anything yet, mostly city drive
@propertypreparedness6846
7 ай бұрын
Ram was the loser pre covid and now it is again. Resale on Rams was terrible in 2018-2019, and yes I own a Ram……. Shortages covered up a lot for that company
@brians.1357
7 ай бұрын
I’ve had Progressive Ins since 2020’ on a $35k 2017’ Chevy Colorado (full coverage). 1st 6mo premium in 2020’ was $381. JAN of 23’ $524 and January of 24’ $610 (45yrs old and one claim for windshield replacement). You can plan on it going up 😎😂
@Alucio97
7 ай бұрын
Used rams vs chevys rams are more so idk how they lose more value if there being sold for more then what a comparable Chevy even with ford I love ram I would buy another one if I could I have a 2019 f150 3.5ecoboost lariat sport special edition paid 40k used with 50k miles a comparable ram is closer to 50 so I honestly don’t see how ram has the worst resale value 🤷🏻♂️
@peiguy1982
7 ай бұрын
Not true about resale being awful, Toyota fanboys spouting off online again. My 2018 Ram 1500 Hemi Sport was 60k sticker, I paid 48 with price discounts at the dealer. Trade in last November at 154k km was 26k, plus the tax credit, so 29900. Pretty darn good for nearly 100k miles and 6 years. Single year you will take a hit yes, but not much different than the rest.
@leedanielson7452
7 ай бұрын
True! I have always gotten a good trade in value, whenever I traded in a ram on a new one...
@peiguy1982
7 ай бұрын
@@leedanielson7452 I traded for a Ford. Switched brands and still decent trade in.
@mikeparrino6328
7 ай бұрын
It appears the analysis is based upon retail prices. Real world purchase price (after rebates and discounts) might make major changes in cost of ownership and values after 5 years. For example you might have to pay sticker for the tundra and you could get 10k off on the Ram (i did). I would rather have the difference in my pocket instead of it riding around in my truck. To get that money back on the purchase of a tundra, i would need to sell the truck. Not the Ram.
@nordlandak6853
7 ай бұрын
Excellent point. Plus the difference between trade in value. Ram gave me 5k more for my trade than Toyota. Making it a 15k difference…
@malifestro3319
7 ай бұрын
I don't got no time for slow Tim. You actually speak very clearly to me. I listen frequently at 2x. ;)
@edwined82
7 ай бұрын
Love watching your videos
@davidballantyne762
7 ай бұрын
I don’t think you talk too fast Tim, keep up the good work! I had a 2021 Ram 1500 Limited with ram boxes and all the bells and whistles. Loved that truck, until it was stolen out of my driveway in late 2022. My advice - get a good aftermarket anti theft system on yours as Stellantis has a problem with their factory-installed systems.
@Dusdaddy
7 ай бұрын
With the insurance he's paying? Why bother...lol
@djjf45
7 ай бұрын
Thank you for doing this transparent video. This is why I subscribe. I learned a thing or two also.
@djjf45
7 ай бұрын
Also interestingly, Edmunds didn't have my 2dr f150 5.0. Only the 3.3, but the numbers were even higher on that
@djjf45
7 ай бұрын
Third, you should look up insurance hikes. My insurance went up 43% this year with a clean record (everyone's in WA did!!) All states are doing this based on "statistics" the insurance companies are using to say they need to "cover their costs" (we all know their profits are at all time highs).
@davidbrieske
7 ай бұрын
Tim, you do you! What others think, who cares. I feel the last few videos you put out is to “justify” why you do what you do”. I’m sorry but as a consumer I watch videos to be a better educated and more informed when I go to purchase vehicles. Thanks, you do good work.😎
@jimmywalters3071
7 ай бұрын
Resale values go by MSRP .. so if a brand doesn't offer much in rebates and discounts , it will retain the value the highest .. but they should go by actual selling prices. Rams can be had with large discounts and rebates vs Toyota Tundra .. so the resale value of the RAM is much higher than advertise.
@briancastner1581
7 ай бұрын
You better check your coverage on your policy, I will guarantee you that you lost some coverage and priveleges for sure.
@RK57AZ
7 ай бұрын
Hey Tim, Get your C10 insured with a classic car insurer . You can save a bunch. Also, your K1500 resale loss might be due in part to the market prices dropping as we come out of the COVID debacle! As always stay safe and healthy.
@Pickuptrucktalk
7 ай бұрын
It’s $5 a month for C10.
@brianvrota1
7 ай бұрын
What is the value? I am trying to add a 1978 gmc to progressive and quoted me $700 for $10k value.
@WSmith-ne5ks
7 ай бұрын
How much did you receive for selling the tundra?
@is6566
7 ай бұрын
Tim, you don’t have to justify what you buy. We learn from your experience with the vehicles. Whatever they are.
@JJJ5.7
7 ай бұрын
I hope you got a discount off MSRP on the 2025.
@Pickuptrucktalk
7 ай бұрын
Why would I? No brand does that.
@hammer-r
7 ай бұрын
My agent family friend told me many years ago, you need to shop all your insurance needs every couple years. You’d be surprise what you’ll find. You’d think staying with the same company would buy you savings. As Bush would say, Not gonna happen.
@thegonz7833
7 ай бұрын
Have always had good like buying new gm trucks and SUVs all 1/2 tons,All the right equipment the right color, biggest engine and lowest gear option.Always bought 10-13k off msrp.always used GM card point of 2-3k off .Out of 18 new trucks ,few TSBs and 4 minor warrenty claims,all stayed mint and brought good resell.Might be harder now days ,last purchase was 2020
@Gene1969
7 ай бұрын
I would love to see how cost of ownership fits in comparison to owner loyalty and brand preference.
@JBUCKNE
7 ай бұрын
Yes, yes, yes. Tim? Might be hard to pull off but this is a great idea.
@Gene1969
7 ай бұрын
@@JBUCKNE What are the odds he hands this off to the spreadsheet goddess, Jill?
@jimmywalters3071
7 ай бұрын
I have State Farm Insurance .. full coverage on a 23 Ridgeline $800 per year. My insurance agent told me that pickups are cheaper to insure than smaller SUV,s. I am middle age, no accidents or claims for several years and multi car discount.
@johnmorris77
7 ай бұрын
I bought a 2019 ram 1500 Laramie brand new for 39,600 and traded it in last week for 27,500 with 60k miles on it. Bought a 24 Zr2 for 68k
@markf8256
7 ай бұрын
Tim, over the past two years my auto insurance (incl wife) has nearly doubled. It did go up slightly when adding our 2022 Tundra 1794 in July of 22, but in 2023 it nearly doubled - no tickets. A lot has to do with where you live. I am in upper NW VA. We’ve been with GEICO for about 20 years. I do shop around every couple of years but they have always beat the competition. Despite the crazy increase last year GEICO was still cheaper than any of the half dozen other companies I shopped. The agents I spoke with said having been with GEICO that long they are heavily discounting our premium.
@JBUCKNE
7 ай бұрын
Poor resale value equates to a great value for me as a used car buyer. Sorry Tim
@nordlandak6853
7 ай бұрын
72k for a bighorn is too much! In this market I’d tell them give me 15% off msrp. I just looked at a tundra platinum for 71k.
@fscottgray9784
7 ай бұрын
You should get at least 10K off your new Ram if the dealer is anything like mine. I learned long ago in business to shop insurance every few years both on vehicle and business. Ram shows bad resale because everyone goes off MSRP and I have never bought a ram for less than 10K off sticker in the last 15 years and have got as much as 20K off. Other brands do not discount off MSRP like Ram.
@JohnSmith-ev1sm
7 ай бұрын
The problem with this comparison is that it uses MSRP, not dealer pricing. That can be two totally different worlds, where I live Ram dealers are hungry and put down a lot on the table.
@leedanielson7452
7 ай бұрын
Right! Rams are discounted 10K to 12K more often than they're not.... sometimes more than that,I know I bought 8 new ones over the years lol...
@aesho46
7 ай бұрын
Big horn for 72k 🤡🤣🤣
@cmdrdarwin3682
7 ай бұрын
I’m not sure if there is a website that discloses how many of each make of truck or vehicle that are bought back as lemons, but a few years ago, Ram was the leader in buybacks. I would put Ford & Chevy right behind Ram in that order. It’s sad that America’s most expensive vehicles are also some of its least reliable. Recently, while shopping to replace a crashed performance car, I discovered that Toyota Supra & Nissan Z were the most expensive new performance cars to insure, mostly because of the cost of the parts to repair damages. I’m not talking about little difference, I’m talking about $1000 or more per year in insurance premiums. No, I am not the reason for the high insurance, the crash was someone else that did not affect my rate. If you want to save money on insurance, drive a hooptie truck😝
@ListenToMePlease
7 ай бұрын
FYI. Progressive will jack up your price after the first promotional 6 months.
@jw8578
7 ай бұрын
Yah given your channel objectives you need to buy them all and those with a high level of interest. Some guys focus on Tundra. You cover them all.
@James-kd2cm
7 ай бұрын
One thing that skews these numbers is if you get a discount off of the msrp. I purchased a Ram sport in Canada (Laramie with sport trim in the USA). I in my area, to get the same features on a Silverado or Sierra I would have had to spend at least $15k (CAD) more. Part of this was due to how these vehicles are packaged out. I’ve never bought a new truck for msrp. The cost of ownership is an interesting talking point but there are many factors to consider..
@James-rk6go
4 ай бұрын
Doesn't change the fact you got suckered into buying a total piece of JUNK lmao 😂
@James-kd2cm
4 ай бұрын
Nice negative comment. This is my 3rd Ram… had a Dakota b4 that reaching back to 2002 … no problems. Each time the gm twins have been out of my price range.
@jnmaher1967
7 ай бұрын
Resale value always seemed misleading to me. How accurate are the estimates?
@Pickuptrucktalk
7 ай бұрын
They are based on year’s of data, so I’d say they are pretty accurate.
@James-rk6go
4 ай бұрын
😂 People who actually buy RAM/ Stellantis/FCA/Chrysler/JEEP/Fiat JUNK need to PUT THE PIPE DOWN AND GET THEIR HEADS CHECKED!!! #RAMTRASH 🗑🚮
@maverick-zj3jz
7 ай бұрын
Apple is sponsoring your videos.your paying way too much for your auto policy
@Pickuptrucktalk
7 ай бұрын
Apple?
@jacksturgell8756
7 ай бұрын
Best resale value of any truck is the Toyota Tacoma
@DeepDishPizza
6 ай бұрын
Boring truck that lasts forever.
@jacksturgell8756
6 ай бұрын
Agreed. But it can off road like a champ
@jeifrygarcia7393
7 ай бұрын
Tim I’m ram owner can’t decide if I trade it for 2025 ram or go to midsize truck Tacoma I just tow a 4wheeler help me out
@Pickuptrucktalk
7 ай бұрын
Why buy something new?
@jeifrygarcia7393
7 ай бұрын
My lease will end sooner
@TheSlugger76
7 ай бұрын
Still like you to test a titan see what you think
@Pickuptrucktalk
7 ай бұрын
I’ve done several reviews.
@Jasona1976
7 ай бұрын
People who buy such OVERPRICED trucks have more money than common sense. SAD
@JIPlatium
7 ай бұрын
its funny, I did the apples to apples comparison between Ford and my Tundra, both model year 2022 hybrid turbo. Ford lost 34K compared to the Tundra 24K. The other interesting thing is the fuel cost, Tundra had a lower fuel cost.
@bigjim1488
7 ай бұрын
You’re going to take a bath on this ram.
@Dusdaddy
7 ай бұрын
He takes a bath on any vehicle he only owns for a year, but that's the job requirement.
@barryhamilton3112
7 ай бұрын
When will you get your new truck?
@Pickuptrucktalk
7 ай бұрын
No idea.
@ProCoach2373
7 ай бұрын
New cars are the worst investment in the history of the world for most of us. They depreciate rapidly, require gas, maintenance, repairs, insurance, and if you finance, interest every month. I had many new cars in my younger years, but my philosophy changed about 12 years ago. Only cash, lightly used, and we keep them for 5-10 years. The tags and insurance gets cheaper with time as well. Toyota or Honda products usually. Your philosophy makes sense for your business. If you aren't relevant, you won't get the views. I'm not a Ram guy, but I'll be interested to hear your take comparing it to the other big 3.
@Dusdaddy
7 ай бұрын
lol..Which is why you cannot call them an investment at all. They do not (normally) increase in value. They are generally the worst depreciating large purchase we will ever make.
@is6566
7 ай бұрын
Cars are NOT investments. No depreciating asset is or can be by definition.
@leedanielson7452
7 ай бұрын
RAMS are awesome! I am on brand new ram number eight since the 1990s and every one of them was outstanding..... Not one of those eight trucks ever went into the shop for repairs... Recalls only....
@ALMX5DP
7 ай бұрын
So an average ownership period of 4 years a piece?
@leedanielson7452
7 ай бұрын
@@ALMX5DP At the most... I had other vehicles in that time span also...
@Dusdaddy
7 ай бұрын
Tim, you make complete sense! Arguing over whether this brand or that will depreciate faster or slower for you is worthless. You will always take it worse than most owners because you have them for such a short time. And that's the price of doing business like you do. People trying to knock you for buying a Ram over this are just being ridiculous fanboys/haters of one brand or another.
@JBUCKNE
7 ай бұрын
Sorry you might be losing money Tim. Chalk it up as a win or a service for everyone else. Im really looking forward to these Ram videos.
@leedanielson7452
7 ай бұрын
It's only money.....😂
@terrencejones9817
7 ай бұрын
RAM has always had the worst resale value.
@jimmywalters3071
7 ай бұрын
But you can usually get more $ off the MSRP .. so are they are going by MSRP or actually selling prices after all the discounts and rebates ?
@terrencejones9817
7 ай бұрын
@jimmywalters3071 huge discounts off MSRP, is one of the causes of poor resale.
@Dusdaddy
7 ай бұрын
Total amount of money spent tells the tale. If you can get a Ram for $5K less than something else, it's fine if it loses $3k more in depreciation. It's all numbers and absolutely every deal will be different. I usually keep mine until well over $100k so at that point, there is very little difference between brands.
@Nosaj-dt1ij
7 ай бұрын
Resale value: Toyota - pretty reliably. Insurance: gotta research every few years IMHO. I’ve saved just by doing this. A friend suggested he uses the insurance savings to build up a “deductible fund” so he was able to increase the deductible - lowering the overall cost. Do you REALLY need a $500 deductible? I love that you get new vehicles every year lol - I get to live vicariously through you! 😂
@PlayWaves1
7 ай бұрын
Tim I don't know why you keep saying no Nissan Titan when production doesn't end till Summer 2024.
@is6566
7 ай бұрын
Because production ends in a few months. Exactly as you said. That means buying one for him is useless. By the time he finishes reviewing it nobody else can buy it new.
@za4710
7 ай бұрын
RAM = Chrysler = Stellantis = Crap
@tomstarcevich1147
7 ай бұрын
Not really my 2021ram1500 classic tradesman quad cab 4x4 v6 is a awesome truck 🛻👍
@MrRockyko
7 ай бұрын
Yep so is my 2019 ram 1500 classic great truck
@Clamjammer
7 ай бұрын
2019 new body style ram is a beautiful truck and has been Amazing for 150k miles. Towing and hauling
@Dusdaddy
7 ай бұрын
In three more steps you'll be at Kevin Bacon!!
@ohioguy4326
7 ай бұрын
I'm not brand loyal but I've had two Rams now and the quality is impressive. The Hemi was bullet proof, and the ZF tansmissions are some of the best in the world. Interior quality fantastic.
@glennstiller7616
7 ай бұрын
I have had 3 RAM 1500s since 2019 (1 at a time) and MADE money on every transaction and have come ahead. Granted that was during covid but I had an F150 in 2019 (a 2017) that I traded for a RAM and LOST 15,000. I'll stick with RAM.
@ProCoach2373
7 ай бұрын
Your luck is likely about to change....
@Dusdaddy
7 ай бұрын
Since 2019? Hell man, you coulda bought damn near anything in 2019 and it would have gained value. The last three years were crazy. Be careful from here on out.
@glennstiller7616
7 ай бұрын
@@ProCoach2373 oh absolutely. This trucks a keeper.
@glennstiller7616
7 ай бұрын
@@Dusdaddy got what I consider the perfect truck for me on the last go round so it's not going anywhere 😁
@Dusdaddy
7 ай бұрын
@@glennstiller7616 Good deals are out there. I saw 2023 Laramie Eco-Diesels selling for $17K below sticker this week.
@ronlavalley2198
7 ай бұрын
Your f150 is 2years old and isn’t close to a 2024 anything. The 2024 f150 would be the most expensive
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