Agreed. But as you say it all depends. Most pickups actually get closer to 15 MPG - and even less for the 3/4 and 1 tons. A cheap used car that gets good mileage is also probably a lot closer to 30-35 than 40 MPG. But then you have the other issues - like tires. I'm doing very well if I can get 40,000 miles out of a set of tires on my pickup - at $150 a tire. A cheap small car can get tires for $60 - then make them last 60K or more (no gravel).
At 15,000 miles a year some time after year 2 you are looking at $600 for the pickup, some time at the end of year 4 you are looking at $240 on the car.
Then you have the up front costs. For me to buy a pickup that is good enough (assuming used on everything) that I can rely on it to make the round trip to work 5-6 days a week, have an extended cab to haul the curtain climbers I'm looking at a minimum of $10,000 - $15,000 for something a little better. A decent smaller car is easily half those numbers or less for something in similar condition. After you crank out 200K to 250K on the vehicle the car is worth $1000 the truck is worth $2,000.
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