BUYING A NEW RAM TRX IS A HUGE MISTAKE!
2024 ж. 2 Мам.
21 090 Рет қаралды
In this video I share why buying a new 2024 Ram TRX truck is a huge financial mistake.
Follow me on Instagram, Tiktok, and Facebook at OCMotivator
In this video I share why buying a new 2024 Ram TRX truck is a huge financial mistake.
Follow me on Instagram, Tiktok, and Facebook at OCMotivator
Buying a car as an investment is ridiculous unless it’s a vehicle for a business.
I have 50yr old cars that are worth far more than what I paid. Honestly, I don't care if they are worth nothing tomorrow, I can't put a price on the joy of owning them.
@@richardweyland116that’s the thing though, most cars don’t reach that point of being worth more than when you bought them. It’s a very rare thing, but many people really believe that these cars will be. Unless it’s a numbered car, most cars of the past don’t reach that appreciating value.
@@richardweyland116 did you originally buy the car as an investment? What if you had taken the money used to buy that car and had put it in the S&P 500? Over the past 50 years, that’s a 9.4% annualized return. Meaning $5000 would be worth over $446,000 now. Probably a better investment.
@@jonSmith-xv6tx sure you can buy an old beat up car for cheap, but restoring them is another story. You think that old Ferrari would be easy or cheap to find parts for? And to command big money its typically going to require documented professional restoration.
@@jonSmith-xv6tx that’s wishful thinking. No one could say back then that those cars would be worth that much, nor can you say that a TRX will be too. You can hope that’s the case, but you nor anyone else can tell the future.
I love my 23 Lunar TRX and don’t care about future resale values on it. I enjoy the heck out of it every time I drive it.
back to bed grandpa, the gen-Z kids dont need to hear your war stories again about how your lifted 8mpg is getting you laid at the care home
The lunars I've seen listed for sale are still depreciating about $1 per mile driven.
Awful color the regular grey looks way better. Just because they put "special" on it don't mean shit the other grey is on the normal list for a reason if the roles had been swapped lunar grey would have sold less.
I bought my 2023 Challenger Hellcat 6 speed manual 2 months ago for a little under MSRP. I have no doubt it isn't going to go up in value. But it is so much fun to drive. And that is why I bought it. Drive it, and enjoy it!
Darn, I'm too poor for a 'Cat but could buy an older 5.7. I think you did ok, and remember these cars are getting stolen, flooded, crashed, if yours stays "healthy" it'll always be worth some dough. Hope you love it!
HOW MUCH?
Daily drive my '21 TRX. LOVE IT!!! Live in a rural area and get 12-13mpg. Couldn't care less. Can't help but smile when driving it.
another delusional Gen-Z purchaser looking for community sentiment to help boost there self esteem.
Fuel economy is irrelevant with vehicles like that. I hope it serves you well. Stay safe 🙂
Hey quit "whining" (satire) about that glorious TRX beast of a truck 🤤 that whines anytyme you apply foot to earth in other words pedal through the floor😂🤣🤣
Let’s be real the hellcat,scatpack, trx, srt’s were never made for your 9-5 kinda people they were made for people who had money and had disposable income. I see so many 18yr olds down here in tx driving scatpacks and 5.0 mustangs not realizing without there parents name on it they would 99% of the time never be able to afford one. That’s the truth
These cars won't appreciate, but if you take good care of yours, it will reach a point where it's depreciating much slower than normal cars.
I bought my 2020 challenger 50th anniversary for 46,200 in 2021, drove it for a year and sold it for 47,000. Had fun for a year and got rid of it.
That was the post Covid vehicle shortage, car market has changed drastically since then
Yes it has.
I love how real you are! Stay true 👍🏻
Thanks Brad, great video and good advice.
I bought a TRX in 2021 and had it for about 2 years. I paid around 76000 new drove 11000 miles Sold it for what I paid.Was the funnest vehicle I've ever owned........ And yes terrible on gas twice as bad as my red-eye when you're on it in drinks tanks so fast.But yet I still want another.Not sure a rebel gt going to cut it now.
I absolutely would have bought one of these, but they insist on markups in California. C8 corvette, i was ready to buy, but im not paying markups. I finally just ditched those 2 and bought a car ive wanted for 20 years. Picked up a pristine Shelby Cobra replica for under 60k
20 years isn't long enough. Look at WS6'S, Z06, GT500'S. The ones that are 20 years havent appreciated.
Great video and thanks for the info
The 23 and 24 TRXs had a massive price increase. A fully loaded 22 was 97,000. The 24 model is 125,000 msrp. Most of the used 22s you showed actually retained a pretty good value even though it was still at a loss. You would lost more money buying a Ram Limited vs a TRX.
Bingo. I can resell my TRX right now and lose 7k ish after driving it for 2 years and 18k miles. I think that’s pretty damn good.
I have the urge to buy a challenger hellcat. I slapped myself and came to reality. 2 weeks later, after the thrill and smiles, I'll want to sell it.. I better put the money into the house!!
The best thing about buying a used Hellcat or TRX is that they’ve been driven easy and never abused.
LOL
Don't count on that bud lol. Some are pavement queens, but they have been abused. I launched mine every chance I got. I jumped it every chance I got.
@@98ws6m6cvert pretty sure he was being sarcastic
@@jonesjones7057 hope so 😆
@@98ws6m6cvert haha, me too
Brad what did you think about the GT 650 Shelby
Thank you OC that is what so many people need to hear. A house or land would be a more realistic purchase at this time.
And at 8% int on new property purchases that's not even logical right now
This is why I got a 2021 Ram 1500 TRX Level 2 (Loaded) for $93k. It now has 87k miles and runs as perfectly as it did brand new. The truck is basically the same as a 2024 minus a few minor details, but in terms of appearance and performance, they are identical. Mine is my daily driver and is in excellent condition. I've also heard that the build quality of the 2021 model is better than the 2022, 2023, and 2024 models, so I intend to keep mine for a very long time and drive it a lot. I absolutely love this truck; it's the best daily driver in my opinion. It's amazing how many KZheadrs have them as their daily drivers and say they will always own one. For the price you can get them for, considering how many Ram produced, it's an incredible deal compared to regular pickups that can cost up to $85k and are just ordinary trucks. I never thought these would appreciate in value, so I bought it to keep and take care of and drive the "Hell" out of it .
Let me buy it off you buddy? Lol
You're exactly correct. You get that thrill of buying it needing it wanting it, then all of a sudden, you start putting fuel into that tank and you're only getting 10 12 13 Miles per gallon around town. You can't stay on the freeway all day. That starts to burn a hole in your bank account. Then you start getting concerned and pretty soon. You're going to sell it? It's happened to me and my friends.. That's pretty much the same thing.With the hellcat super charged ten twelve miles to the gallon.. thanks for your wisdom.!!!
Other issues is most of the people buying these buy it for tax wrote off. The theft factor made me get rid of mine. I could deal with the gas and all of that, but the theft factor is annoying.
@98ws6m6cvert That's exactly correct. Nice LOOKING and love the exhaust noise. But looking for it to get is a given. Seems like what ever security system you have it's only a matter of time when the thieves will figure it out. That's what they do for a living!!
Good points. I wanted a TRX too, but I realized that the time to buy one was 2020/21 ish when you could get a loaded one for less than $90k. They went up in price because of the penalties FCA had to pay the US Government for the fuel mileage. Instead, I bought a 2500 HD with the 6.7 Cummins and it's all I need and more. Sure, it would hold its' value either, but there's a lot more use for a HD 3/4 ton diesel truck at 100k miles than say any comparable mileage 1500 TRX would have.
I ordered my 2023 TRX from Granger in Iowa, though I live in California. It originally was $105k, I was given a generous discount of $12,500. I would not even think of this truck as an investment, like stocks or bonds or real estate. This my favorite truck and it will be with me until I die. I enjoy trips both on and off road, to the ocean, desert, sand dunes. But, I also have a 4 cylinder Honda as a daily.
Thx man I was gonna get one , nvm 😂🙏you saved me
You're absolutely right some folks figure it would go up NO. I've seen alot destroyed by sheer stupidity totally abused with lots of repairs on expensive parts and checking how many accidents occurred during that time.
As for MPG I get City around 12.5 and 15 to 15.5 on the Hwy...It's not as bad as some make it out to be,and its not that big of a difference form my previous truck being a 2019 Raptor with the Ecoboost...I had no problem trading a few MPGs to have the TRX over the Raptor...I like both but prefer the TRX imo..
On the TRX forum if you shop can get a 125K MSRP TRX for 5-7K below MSRP. (Final edition) I ordered My 2023 at 4% below invoice so 104K MSRP for 88K now plus tax and title out the door was still 96K but all I am trying to say is shop around. (had dealer add Ram motorized running boards for 2k) I had a great trip with my son to Kentucky and drove back to Wyoming.
WOW amazing TY so much ,,Keep up the great work !!!!!!!!!!Never in a million years ,,JUNK !!!!!!!!!!
Everything you’re saying simply makes sense. Truth hurt me on my 2016 Manual 13k mile spec’d out Hellcat but I didn’t buy it to invest. I bought it because it was time for me to have one. Very very true on the TRX.
Brad, I'm getting 10.9 m.p.g. on my 2005 viper truck. With 500 h.p., it's fun, I'll keep her, but she is an expensive girl.
Yeah you're right TRX.are dropping like a rock on CarGurus $74,000..46mi..🤠
Glad I bought my Viper back in 2016. It has.definitely gone up in value.
Man I saw 2 2018 Demons sitting at Manheim Dallas plum crazy and Torred red a viper all kinds it was standing room only
You will be replacing the clutch, throw out bearing and pressure plate in that used challenger. At additional cost of $2k. Assuming the Hemi hasn't been killed.
The whole they don't make them anymore always makes me chuckle. I'm old enough to remember when all manufactures were phasing out convertibles. People hurried to buy them because they would go way up in price. Then 10 years later verts started to show back up and things went back to normal.
You can buy used Hellcats for $45,000. Anybody that thinks their Hellcat will go up in value is an idiot.
Hi Brad look forward to seeing some Videos with your Demon
I bought a new Hellcat in 2015 that I still have. I got it to have fun, it’s 9 yrs old in June and I’m still having fun with it, that never gets old ! Don’t care what it’s worth !
Brad if I were to have the kind of money to pay cash for a performance car it would be the last model year of the Viper ACR/E a low production vehicle. Or 1 of the 250 2025 Mustang GT500 Platform cars as a second choice.
Some dealers are discounting the TRX. My co-worker just bought a new 2023 and couldn't care less about the resale value of the truck. He loves the truck and plans on keeping it forever.
6:29 LFG baby! Woooo
The ram TRX is cool because it has a hellcat engine but other than that it’s excessively large and it’s a very exhausting vehicle to drive. And that’s not to mention expensive. When the ram TRX first came out, you could find them between 89,000 and 110,000. Now the prices have skyrocketed and mark ups are ridiculously excessive. My local dealer has had a final call TRX sitting on there a lot for a very long time.
Umm NOPE. You're delusional. They were starting at $69,995 in 2021. Get your facts straight before commenting such ignorance.
Spot on for cost of ownership. Tried to convince my son to buy a beater to go back and forth to work, that a big v8 truck is gonna have you paying almost as much in gas as the car note. He was determined to have a truck and bought himself a 1500 Ram 5.7 and found himself having to fill up every week if not sooner, driving about 70-80 miles round trip every day. Mileage might have been a bit better but he drove it with a heavy right foot. He finally swallowed his gotta have a truck machismo and started driving their family four door, four cylinder that was much more fuel efficient. If you can afford a car note and more trips to gas stations, then drive it like you stole and enjoy your car or truck.
I’d never trade my ‘04 SRT-10 in a TRX …
When the children cry, let them know we tried (to give Stellantis good advice).
The mark up ruined the enthusiasm for me, and the used market has been artificially inflated as well to where you cant even get one used at a decent price. So many cars i wanna try used before i commit to a nee one lol
What repairs? Lol. I've had my Trx since they were released in 2021 and have needed 0 repairs.
Also the insurance companies are making things even worse.. The car market is in total chaos.
If you want to invest in something, invest in an index fund ETF. If you want to buy a car that will hold its value, get a Toyota Land Cruiser or a Lexus or something. If you want to buy a fun toy to enjoy your life, get a TRX or a Hellcat for a good price and go drive it!
I recently purchased a 2022 Challenger Scat pack 392 Shaker , in mint condition with 14K miles, complete service records , adult owned , still original tires so I know it wasn’t beat on , 6 speed manual, still has 21 months of factory warranty . I bought it for me as a Birthday present I’ve always wanted one . Paid cash only $2800 dollars after my trade in. I know it’s not an investment, it’s for fun! I recently purchased 4 acres of the most pristine beautiful Mountain View land in the White Mountains of NH that I plan to build a 2nd log cabin vacation home on . Now that’s an investment! Land and real estate are tangible assets that I can see and touch . Bitcoin can vanish in the blink of an instant. I stick with the real estate.
I bought that viper truck 15 years ago for 25k. It had 17,000 miles on it.
I got my 22 ram trx for 83k last year with 10k miles fully loaded best vehicle out there
I bought my challenger scat pack new in 2016 it has the retro hood that I love the window sticker was just under $50,000,00 I bought it at the end of 2016 it’s fully loaded except for the Harmon karden radio for $42,500.00 plus fees it’s jazz blue I didn’t buy it to re sale it I’ll keep it for ever just like my 1972 Charger Rally 440 six pack
As someone who daily drives a raptor and only gets a little under 12mpg, these trucks will kill you in gas if you have to drive a lot. Fortunately I work very close to my house so I only feel up twice a month. But it makes a lot of sense why people don’t keep these trucks that long
OCM has Bruce Lee car knowledge and information....he's a financial car jedi.
I’m only 20 years old and I totally agree, people buy these cars who really don’t have the money and expect the price to sky rocket in the future. Invest in something where you’ll make your money back and THEN look into buying the toys.
Agreed......gotta be rich to make a TRX your daily. Gas mileage sucks and being a Stellantis product you will be back at the Dodge dealer a lot for warranty repairs and recalls. It gets old....which is why I am a former Chrysler owner lol
Literally had this conversation couple weeks ago. Its a status purchase
Corvettes are about the only vehicle i have ever seen that truly appreciate in value ... and rightly so depending upon Model Year of course. I'm a huge fan of early Model Year Porsche and late 70s early 80s BMWs but new models from both these name plates are in some instances though definitely not worth the offer price truly amazing machines. Some bids on the Tesla Cybertruck are crazy high right now but i still think that massive machine will go back into full rate production. If Subaru were to get serious about creating a PHEV that might be worth a look if there was a BRZ version. Recent Chevy Corvettes are arguably the worst vehicles GM has ever made. Tesla Roadster have a cult following now.
I remember sitting in a brand new 1970 Ferrari and begged my Dad to buy it, but all he wanted to do is look at the piece-of-junk Fiat out in the back. I told him he could buy the Ferrari and he agreed. He said he could buy it, but he couldn't afford it. I notice a lot of your episodes tend to deal with finances, so I wanted to ask a few questions of advice. As you mention, any new car depreciates the second the new buyer drives off the lot and is instantly upside-down on the loan. This puts the buyer in a position that if they lose their job, they could have the car repossessed and lose everything. Next, they're paying the bulk of the interest payments up front when the principal is at its highest and the payment can't really go to work reducing the principal for a few years into the loan. One advantage of buying new is, in theory, one can order the car exactly the way I want it, so I'm not inclined to trade it in So my philosophy evolved over time when buying new is to save enough to put at least 50% down on the car and finance the rest for 4 years or less. The payments even for the last 50% are pretty steep, but the principal balance goes down pretty quick. Once the car is paid off, the hard part is to avoid the temptation to sell it, and instead, take those monthly payments I would have been paying for the loan and put them into the bank or other investment instrument for at least another 4 years. That way the down payment for the next car can be at or above that 50% number for the new car. Others I've talked with modified this scheme to save enough to buy the car outright. They had the unique situation where they had to lock their credit reports because their personal information was hacked on that government computer 20 years ago and they had to freeze their credit so no one could steal their identities via an ID theft ring. Sucks for them, but at least there's no money lost in interest on a loan and they can own the car outright from day one and not worry it could ever get repossessed. Last, I actually wouldn't mind getting a Daytona EV once Dodge lets me place an order where I can configure it the way and color I want. How long do you think it will be before Dodge will get prices down to MSRP -$1000 and let me order one to my specs? Thanks!
Dealers decide the mark ups, so if you want to order just start calling around. When I ordered my Durango Hellcat most local dealers wanted $15-$25k over. Ended up finding a dealer 1.5 hours away willing to do msrp, placed my order over the phone w/ a $1000 deposit. 3 months later my Durango arrived
HAHA I ordered my 23 TRX and two weeks later they raised the MSRP. Then a couple months later they raised it again! Price lock FTW and no markup!
Unfortunately, chargers and challengers will not go up in value at least not for the next 50 to 60 years just like they did in the beginning, depending on how many are available at that point in time.
dealers , exotic resale dealers , car flippers still haven't seen the memo on last calls , prices are dropping D 170 sold on ebay motors no reserve $156100 , now the honest dealers , who want to move their 2023's are dropping under msrp one has to shop around or out of state if they want a deal
Honestly I think MSRP is too high on some cars. Out of my 11 cars, some special editions, maybe 2 will go up on value. My 1994 Twin turbo Supra and my 2004 Porsche 911 with 114000 miles which I paid $13000 for. My 2007 Solar orange 350Z(500 made) and my 2008 Supercharged, JCW sidewalk edition, last of the 100 will probably not go up on value. My 69 conv. Corvette needs total restoration so im down already. Truly you buy a car cause you want it not as investment anymore. My lifted F350 Amarillo edition gets about 10 miles to the gallon.
What about a Honda Civic sport touring hatchback? Do you think that’s a good investment, because eventually they’ll be all hybrids and you won’t be able to buy that turbo engine anymore without the hybridization… lmao😂🚗💰💰💰
Wouldn't occur to me.
I remember I could have gotten a TRX at msrp for 76k in 2021. Can't believe the increase in msrp in the past couple of years.
People need to realize how much superchargers reduce an engine's efficiency, and with the TRX, it's even worse, considering that the 4X4 is always on. My 2014 Ram 1500 with the 5.7 already gets horrible city mileage. As far as Masseriati is concerned, I doubt the TRX will ever beat them in depreciation just based on how poorly built they are and the fact that cars like the Quattroporte and Ghibli basically offer the same features as a Chrysler 300S besides turbocharged engines and AWD.
I honestly don’t see hellcats going up in value I mean all hellcats variants except for the demon 170 n probably by not much only because their is so many of them they’ve been making them since 2015 in so many cars
So crazy... Literally setting 35k on fire buying a TRX. I saw two at Manheim today sell for 55k and 61k both under 2k miles
No you didnt lol
Lmao sure thing bud
No offense, 3X is not a great return. I won't bore you with my stock success but have done better. Very good explanation and analysis - love the smile aspect, that is something that is hard to put a price on but the cost of these cars are an example in my opinion.
You're not going to win the lotto on it but I will say, when Toyota came out with the '22 V6 Tundra, AND it started having some new model issues, the prices on the last of the new prior gen V8's ('21's) went up at least 10k and that trickled down to the used trucks. My used '19 (bought in '22) was priced at new '19 MSRP, USED, with 38000 miles, and it was "a deal" haha. Im sure the pland...de..mic had something to do with that but still, many people wanted that V8. The '21's are still considered legend and command a higher price because of the simplicity and being the last of the V8. Wouldn't call it an investment but for a truck, its about as close as you can get for a depreciating asset. I think the last of the V8 TRX's will be similar.
First you said it. That was the pandemic pricing bs due to the shortage of my Camry had a $5k mark up which i didn’t pay and CarMax was used ones for new prices. That example doesn’t work. Second, the tundra was not a $125,000 700hp truck that gets 8-12 mpg in real life. Next, Toyota has been continuously shorting production propping up their prices and as that changes supply will drive the prices down. In the end I know you all want to believe these are super special and will hold their values but the facts are clear right there in front of our faces like I showed. They aren’t holding and won’t. Even in the face of real time proof of Immediate 20-30% drops in prices from new to used; you all still are holding on to the dream. God bless you folks.
@@ocmotivator all I said is the last year of a V8 will hold more value longer. I said it won't be a lotto win, it will go down in value as every V8 Tundra has, but because there are so many people that are hell bent on V8's (like me), they hold value a little better or I should say, lose value a bit slower, when they are the last year of a V8 option. But yeah ultimately we'll be holding onto a worthless paperweight years down the road. It's a mass produced truck with a ton of plastic as you say haha.
@@jonesjones7057 I thought my last call special edition V8 manual Swinger would hold its value. Paid $66k now one is at a dealer for $53k. I wish you were right but the prices were raised so much that the fall has to and will be big unfortunately. They simply way overpriced these trucks forcing massive depreciation. They did the same thing with the Maserati brand and killed it. They can’t justify the prices so they fall to where they belong on the secondary market for what you get.
@@ocmotivator yeah, I think that similar to how the pandemic raised prices due to shortages etc, some of the depreciation you see now isn't ONLY because they were overpriced, but because now interest rates are so high, it makes what you may have gotten at 2.5% a lot more at today's 8% and up most are paying. Plus insurance rates just went up about 50% this year. That's killing the entire car industry in prices, similar to how the pandemic helped boost prices. On top of that, to catch up, they overproduced, so now there's that too. High supply, low demand. Exact opposite of the pandemic. Paying over MSRP to begin with (when that was the only way to get one) was just the first of many reasons values are plummeting.
Paid $81k price locked factory Level II order. $93,700 msrp at delivery. Own it outright. Driven hard to 43k and have 5yr/125k warranty so keeping it stock
A 93 cobra just sold for 115k...very low miles..I'm sure they said that car won't appreciate too...the redeyes and demons will go up if you keep it as a Sunday driver...10 years from now these cars will not be around just like the fox body mustangs..and these hellcats are far more special than those...if you want to daily it then enjoy...bit trust me 10 years from now they will be rare to see!!!!
A few things of note. The guy probably paid a ton for his 2018 in 2021. Yes, bad investment, but it is a "depreciable asset", which is the problem. Enjoy your videos.
Brad, you're right, In 20 years, the gas prices will be different for a 4500 lb vehicle. The economy will be very different than now for dodge trucks and cars
People didn't buy cars for an investment potential back in the sixties and early seventies. People bought the cars they could afford that could carry their family with some models having a little performance for dad like all of the midsize muscle cars Torino GTs, Charger RTs, GTOs and the rest of the corporations. Notice their base models aren't worth much but the high horse power models are but these are extremely rare. I believe there is 58 1969 Trans AM convertibles built with the RAM AIR III engine option one sold at auction for 1.2 million. How many are left maybe 10? 3,000 Demons were made that were numbered people are going so save them to try to cash in HUGE MISTAKE way too many of them. Very few people will race them so it isn't like it will be hard to find an original Demon with all numbers matching.
You couldn’t give me a dodge product. There’s a reason why they call it Moe pig. So here is my dodge ram 1500 certified preowned story. Purchased back in 2009 preowned ram 1500, with a 5.7 L hemi. An engine, which is known to dodge to have certain inherent problems, which they obviously Chose not to fix. I purchased a truck used to reputable dodge dealer in the Daytona Beach area. As far as the dealer goes it was a great experience certified preowned. I got a great price on it. I think it had an 80 30,000 miles on it. Banker owned it who lived up in Palm Coast and drove, 5 miles one way to work. I know this because he did not remove any of his information from the navigation log. The vehicle was serviced by a close personal friend of mine who is a master tech at Dodge for 39 years. So he definitely knew the engine inside and out. That time I stayed current with the oil changes and the general servicing. The main things that had to be replaced in that truck, the AC core, I went with full ceramic brakes, and he turned the rotors for the very first time. I truly did like the truck it road well. It pulled my lawn equipment well and did what it was supposed to do and that’s work. I was hoping to keep the truck as it was soon to be paid off. Unfortunately, my mechanic let me know that the ticking that I was hearing under the hood, was in fact, the camshaft wearing out. Yes, I was getting the dreaded ram 5.7 L hemi cam tick. He mention most owners replace them between 123 to 130,000 miles. He went on to say that he was retiring from doing side work and that this would have to be something done by a dealer possibly. At the time my wife wanted to get a different car I said great let’s trade your car in and my truck in, and we did so. So the cam problem went down the street to somebody else. The mechanic went on to tell me that that is an inherent well known problem in that particular engine. I in turn wanted to know why in the hell didn’t the manufacture fix it. As far as Stellantis goes I hope they hit rock hard. They are constantly laying off people at this time.
I most definitely am not rich 😂 but I own a 2021 TRX it is my favorite vehicle I've ever owned in my life. Ram gets knocked a lot I've had other Rams and if you service them they last forever my last Ram lasted 300k miles and was still running strong when I traded it. Other than routine maintenance it was a battery and fan clutch. With that all said $125k is outrageous in my mind. Just my opinion
My 90 Grand Wagoneer that I bought from Wagonmaster in 99 for 12.5k & now has 103k on speedo, I've been offered at best 47k. Could get 60k if I ad on BAT etc. Wagonmaster is selling them for north of 100k now with lower miles. Compared to new GWs losing 30%+ within 1 year just like their platform mates TRX/ Rams. Some used vehicles are good investments money & enjoyment wise.🎉
Its worth money 30 years later, which is pretty much what he said. Yes vehicles can appreciate, but its pretty rare + random and there are better investments
@@schylersmith1223 my happiness for 24 years plus ownership is priceless, but again getting 4 times what I paid for it is also great. I don't buy cars for investments, but a lot do & make $$$ doing it with the classics/antiques. l got lucky with my Grand Wagoneer.🎉
You'll need to add an extra monthly payment for the gas.😂
I bought a TRX in late 22 for 11k off msrp. Loaded up with sunroof, technology lvl 2. Etc etc. 92k out the door! The truck is super awesome but people are stupid not haggling the 125k msrp. Can get one for 114k but it’s still steep. Stellantis is crazy.
It’s not a great daily driver. I love it to take my family on long drive trips. 18k miles in two years. Gas mileage does suck. Can’t imagine doing it as a daily.
2023 TRX with average driving and no big lead footing, 14mpg and running 91+ octane which is required...not my daily driver. Not a rich person just wanted to have the truck and enjoy it and don't expect it to increase in value, as I don't see the modern cars and trucks ever increasing like the older classics. Demand will never be like that and production numbers are way higher on modern and not sure they will decline in the amount that is still available in years to come due to many thinking they will have a rare car in the future.....(not).
Honestly a car or truck is an investment BUT not in value but more in smiles per mile or a tool. But to make money no way unless is low low production and you never drive it and the MSRP is over 1,000,000. I buy for my self investment in enjoying cars and trucks.
I foresee dealers raising the price of the Hemi's when the puke new stuff comes out and no one wants them so the cool stuff is in higher demand.
Was shopping around for a manual hellcat, found one at Jerry Ulm for 87k, when they worked me up a proposal it went to 115k.... I bought fell outta my chair.
Your point of the TRX value not going up is BS. %/10 years after they sold the last 1979 Little Red Express, everyone was saying they'd be worthless, yet today a mint perfect one goes for high $20s/low $30s so they will go down but will absolutely cone back
They produced less than 10k Little Red Express's, they've produced far more TRX's. Not to mention your talking about a 45 year old vehicle, not exactly something that appreciated quickly
@@schylersmith1223 They still said they'd be worthless, and I never said they'd go up in value fast, but they still will. I have a friend who has an LRT with 9000 miles which he bought in 1984(featured in Mopar Action mag) that he's been offered $39.000 but is keeping for his oldest boy. They will all gain in value, but get em on the road and drive em HARD
@@rtraymond Gain in value from where though, you think a used TRX will be worth over the $125k msrp? doubtful, they will increase after they bottom out, but never over msrp.
Best comment to remember in my opinion at 5:17.
Honestly my buddy has a TRX and it makes me kinda jealous I want one bad, and I almost got one but getting a house is first. I seriously don't get how people can be so clueless you upkeep costs, the moment they announced the TRX my buddy and I said that it was going to be one expensive princess...but who cares lol It's an AWD Hellcat powered RAM with giant offroad tires maintenance isn't going to be cheap like some old truck, you shouldn't be thinking about MPGs with a V8 truck unless you're hauling long distance for business, in which case get a diesel lol. The brake pads and rotors, tires and insurance all that should have been a given were going to be expensive, some people are either clueless, clout hungry or a bit of both. Also anyone buying Dodges as "investments" are a special breed lol
This is the last year for the TRX forever. It may very well be an investment.
9:14 That blue 22 with 3k miles is 220,000 dollars 🫨
💯🎯
You know what I think Brad I think that Dodge ought to do with Ford doing bring out the hemi engine lower horsepower and then have somebody build the supercharger just like you did on the Shelby GT Shelby 650 with the Whipple supercharger so they detour them bring them bring the bring the horsepower down and then let somebody throw a supercharger and I'm getting back to 800 horsepower same thing Chevy's doing and Ford is doing they got that FR800 you've got that new Shelby GT650 You've got all the stuff that's being done for the Corvettes
Gold crashed in China this week.
My btc and alts will buy me my future trx or rho in a year.
It's too new & not limited and special enough to go up in value. Demon170 will hold its value & go up after time from its msrp sticker, but not to the ones that paid 100k+ markups 😂 Worse investment at that stage. Just drive them & enjoy them, that's it.
Stellantis is the result of a merger between Fiat Chrysler and PSA Group, forming one of the largest automakers in the world. Stellantis owns several subsidiaries in addition to Fiat and Chrysler, including Comau, Teksid, Mopar and Maserati. The Three Stooges Co.
Yes, expand the national parks!
25 to 30 years from now when there are none left
🇨🇦🇨🇦🇨🇦 great news. 👍
People purchasing $100k+ trucks and then trading them in due to fuel consumption is truly a sign of the times.