Dick, you're spot on.
I *love* my diesels. A lot. The truck I have now may be orange, but it runs damn fine and has served me very well.
But, as I noted above, I have to accomodate pulling two cars now, and while the non-turbo E-350 is perfect for my one car and open trailer, it just wasn't going to cut adding a larger trailer (maybe enclosed) and another car. So I was in the market for a new truck.
Notice "was."
As much as it pained me, I closed a deal yesterday on a 1999 E-350 Extended XL with a V-10 engine, A/C, cruise, towing package. 25,000 miles, was used by the local Methodist university as a shuttle. The damn thing looks brand freakin new. Get this: I was looking at comparable Powerstroke-powered trucks in the mid- to high-teens MINIMUM; I picked up this truck for $9450 out the door.
A good PSD-powered '99 E-350 I found was selling for $17,500. I figure I just saved a minimum of $8K by buying this V-10 truck. At 25% less fuel mileage, 15% higher fuel cost, and approximately 7500 miles per year I calculated it would take me *15 years* to cover the fuel costs. Further, gasoline prices will fluctuate from time to time but in the long run the average price of regular unleaded over diesel will not maintain a 15% premium, and in fact some times will be less.
As gasoline prices begin to stabilize this summer and slowly drop, the purchase price advantage of a V-10 will diminish; if you're sitting on the fence now's the time to start looking seriously. There's a lot of good examples to be had, and the owners are finally coming to the realization that their V-10s are not worth as much as they think (Dick, I know of one well-equipped E-350 passenger van for sale here in CT that's cherry, and I bet his price will drop this week once it doesn't sell on eBay for the third time...email me.)
Now, I know there are a lot of non-economic reasons for buying a diesel; frankly, I think the diesel will tow better and last longer. I'd personally much prefer a PSD. However, when it comes down to the bottom line it made a lot more sense to go with this find.
So, New Englanders, say goodbye to the orange van if you see it again; it's for sale ($3500). It would make a great tow vehicle for someone with a single car and open trailer. I'll put it in the Classifieds once we've got the new one delivered and ready to go.
GregA