A few weeks ago we talked with Jim’s brother about an upcoming road trip. You might have read our Fiat 500 story two years ago about renting a car instead of taking our truck on a 1,000 mile jaunt? Upcoming was another opportunity to avoid piling expensive miles on the truck. Or was it?
The possibility of saving money and saving our truck caused Jim to run an analysis of life-cycle costs for our truck and see if we made the correct decision last week. We decided not to rent a car for a week-long trip to North Carolina. The truck gets almost 16mpg highway (not towing), is trouble-free, very comfortable, and we don’t have to support a rental company’s O+P if we use our own truck. We’ll get back to the rent decision in a minute.
We love our pickup truck. Full-timers, maybe, maintain a closer relationship to their truck than some folks. If the truck doesn’t go, we can’t either. Bought to tow the Airstream trailer, this truck has met or exceeded all our expectations. The truck just turned 140,000 miles and has towed the Airstream approximately 100,000 miles since July 2006. Below are the new truck’s story and some numbers.
Over eight years ago we bought a new truck. The old Ford 4X4, while fine for the 22′ RV, wasn’t enough to stop or pull our new 25′ RV. The Ford was tired when we bought it. Pretty, nice paint, comfortable, but a worn-out engine. We needed a new truck and were brand indifferent.
What mattered more to us than brand was the right arrangement of features including gas engine, bucket seats, extended cab, 4X4, no sunroof, and some others. We had bought the new Airstream and needed a more capable truck. Ward Williams came to our rescue. Thanks to Williams Buick-GMC in Charlotte, we were able to find a good deal on the right Chevy Silverado 2500HD. The truck apparently was languishing at a dealership in Virginia.His buyer found us a truck meeting 5 of our 6 criteria. He called us one day and asked, “Can you go with a red one instead of blue or green?” Once we looked at it we were all in. The truck is a deep red called “Sport Red Metallic” by Chevrolet.
Jim owned three other trucks before this one, all purchased used. And between us, we’d bought, traded, and sold dozens of cars. None of those previous trucks and cars came close to the comfort and technology represented in this 2006 Chevy. No, none of them cost close to the truck’s purchase price.
We’ve never experienced a failure or breakdown of any type. The truck has found no hill too steep, even towing the trailer up or down 15% (that’s really really steep) grades on the Sea-to-Sky Highway in British Columbia. The engine temperature doesn’t vary more than one degree. It’s a little hard on batteries but, really, that’s more Jim’s fault for accessorizing the truck with 12v appliances like ham radio, cb radio, air compressor, trailer tire monitor, and chargers for Apple mobile products.
Folks often ask, “Why didn’t you put a camper shell on the truck?” We thought we were minimalists, having emptied a 3,000 sf house and moving so much less stuff into a 180 sf travel trailer.
We thought you might appreciate seeing some of the numbers we’ve developed on this great truck’s performance. No, nothing like 1/4 mile or 0-60 stuff. These are life cycle cost numbers. Bottom line, we thought we could save the rental cost and at least break even using our truck. See what you think?
Here’s how it worked out when we ran all the numbers for rental vs using our gas hog truck:
The $195 saved by not paying tires, oil, maintenance, and gasoline on our truck would be close to breakeven once we paid the fees for renting a subcompact car. Our truck is roomy, comfortable, has XM radio and ham radios, and we like it. According to these numbers, we did okay on our decision. Not great, not saving the world by reducing carbon footprint and fuel usage, but for our pocketbook, we at least broke even.
We made over 15 mpg overall, the best we’ve done since ethanol cut our gas efficiency. We were ready with 4-wheel drive in case those New England/Canadian storms brought snow into our path. Best of all, we enjoyed 1,300 miles Interstate driving together in our big red truck. What a nice way to spend Valentines Day!
See you down the road!
Jim and Debbie
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