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Joined: Apr 2008
Posts: 8,662
Campfire Outfitter
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Campfire Outfitter
Joined: Apr 2008
Posts: 8,662 |
Paid my 2018 chevy truck off but it had been $571, hoping not to have another payment for 10 years
Ted
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Joined: Jun 2020
Posts: 10,240 Likes: 11
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2020
Posts: 10,240 Likes: 11 |
If I can't write a check, we don't buy it. This. Can’t imagine one good reason to ever finance a depreciating asset, even if it’s 2% or less. Pass cash and be done, if not you can’t afford it. I get that from a sentiment standpoint but from a financial perspective at 2% interest it’s smarter to keep your money invested and working for you while drawing out those dirt cheap interest payments for as long as you can.
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Joined: Sep 2010
Posts: 31,442
Campfire 'Bwana
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Campfire 'Bwana
Joined: Sep 2010
Posts: 31,442 |
Vehicles are not status symbols. Thankfully so as I drive heeps of junk... LOL
"I can't be canceled, because, I don't give a fuuck!" --- Kid Rock 2022
Holocaust Deniers, the ultimate perverted dipchits: Bristoe, TheRealHawkeye, stophel, Ghostinthemachine, anyone else?
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Joined: Nov 2015
Posts: 1,743
Campfire Regular
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Campfire Regular
Joined: Nov 2015
Posts: 1,743 |
My 2019 ram was 39k out the door. Put 2k down and finances the rest at 2.9%....Payment is $560 a month. But I work hard and appreciate nice new truck. Drive the hell out of it.
Last edited by Hiaring8; 02/26/21.
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Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
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Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
For a few periods in my life I was driving a $5000 car and riding a $10,000 motorcycle.
I'm done with that now.
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Joined: Jun 2020
Posts: 10,240 Likes: 11
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2020
Posts: 10,240 Likes: 11 |
Cars payments disappear once you start exclusively buying Honda or Toyota products. I've got a 10 year old Toyota, a 10 year old Acura and an 11 year old Acura. I'd think nothing of driving any of them across country. I think my last car payment was in 2014. sometimes I ponder buying a newer vehicle, but I can't see how it would improve my life. Besides, I'd have to get rid of something and I like the vehicles I've got.
Same here. I’m not a “car guy” every once in a while I get the itch to price out a new truck but remind myself that it won’t do anything that my current truck doesn’t do and will eat into my lifestyle. I’d rather spend that new truck payment elsewhere. I like to buy American when I can but in my experience Chevy, Ford, and Dodge having nothing on Honda or Toyota. My Toyota truck has been bulletproof. US made vehicles mostly had reliable powertrains but lower trade in value and nickel and dimed me with other smaller but still not cheap problems as they got older.
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Joined: Aug 2009
Posts: 9,921 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2009
Posts: 9,921 Likes: 1 |
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Joined: Jun 2020
Posts: 10,240 Likes: 11
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2020
Posts: 10,240 Likes: 11 |
I like old trucks. Lots of road salt where I live and I use my truck for towing snowmobiles up North, dipping the axle at times in the river putting a boat in, and running two tracks bird hunting. I cringe when I hear brush scrape against the clear coat but a lot less than I would on a new truck.
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Joined: Feb 2007
Posts: 4,208
Campfire Tracker
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Campfire Tracker
Joined: Feb 2007
Posts: 4,208 |
Wife gets a new car, 0% interest. We pay it off (early). Then I get a new truck, 0% interest. We pay it off (early). Repeat.........
We get to stretch out INTEREST FREE payments, while the money we would have spent "writing a check" is making REAL money.
Simple math.
The DIPCHIT ADD, after a morning of drinking:
You despair, repeatedly, constantly! daily basis? A despair ninny. Sack up, despire ninny.
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Joined: Jan 2001
Posts: 29,974 Likes: 11
Campfire Ranger
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Campfire Ranger
Joined: Jan 2001
Posts: 29,974 Likes: 11 |
Dealers are more that willing to discuss payment and duration options, as most buyers forget to run the numbers to figure out the actual price. So, just how much of a payment can you afford a month?
When we were poor, our practice was to negotiate a price, and then we would shop for financing. Been debt free for 20+ years, so now we'll write a check.
Last edited by 1minute; 02/26/21.
1Minute
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Joined: Feb 2004
Posts: 17,737 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Feb 2004
Posts: 17,737 Likes: 1 |
I hadn't had a payment since probably 2004. In 2012 I bought a Toyota Tundra, paid cash and figured that would be my retirement vehicle and I'd never need another one. That was until late march 2020, when on a dark NM highway between Farmington and Albuquerque an elk showed up out of nowhere and that plan was down the drain. I replaced it with a 2019 F 150 4 door with a 5.0 and a 10 speed transmission. It was a year old with 13,000 miles so I bought it and paid the difference over what I got from the Toyota. Hopefully this one will be my retirement truck and will never need to buy another one. My wife drives a 2013 Rav 4 that she likes a lot. Paid cash for that as well. No more payments for any reason. I hope.
NRA LIFE MEMBER GOD BLESS OUR TROOPS ESPECIALLY THE SNIPERS! "Suppose you were an idiot And suppose you were a member of Congress... But I repeat myself." -Mark Twain
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Joined: Oct 2011
Posts: 8,573
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2011
Posts: 8,573 |
Driving a 21 year old Tacoma I bought new .
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Joined: Jan 2009
Posts: 1,862 Likes: 2
Campfire Regular
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Campfire Regular
Joined: Jan 2009
Posts: 1,862 Likes: 2 |
Wife and I haven’t had a payment in a few years now. We do however have an account that we put the “car payment” in every month however. That way when the time comes to buy a new one we can just buy it outright.
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Joined: Mar 2006
Posts: 20,955 Likes: 3
Campfire Ranger
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Campfire Ranger
Joined: Mar 2006
Posts: 20,955 Likes: 3 |
1994 here. A new Suburban that used my 65 Corvette as a down payment. Imagine that... Oof......
By the way, in case you missed it, Jeremiah was a bullfrog.
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Joined: Feb 2021
Posts: 1,432
Campfire Regular
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Campfire Regular
Joined: Feb 2021
Posts: 1,432 |
I have two Silverados right now. Newest one is a 2006 LBZ. The 2003 has 318K on it and will need to be replaced. The thought makes me cringe when I look at new and newer truck prices. We'll see if the fuel prices start to drive the truck prices down.
"Their minds are dead" - Carmine Ricca
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Joined: Jun 2001
Posts: 10,826 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2001
Posts: 10,826 Likes: 2 |
600.00 to 800.00. Figure 20 dollars per 1000.00 loaned.
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Joined: Jan 2020
Posts: 5,210 Likes: 5
Campfire Tracker
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Campfire Tracker
Joined: Jan 2020
Posts: 5,210 Likes: 5 |
Zero down, zero interest for 5 years and only a $1k a month just to pay for something to tote your azz from point A to point B. I always bought a new truck every 3 years so I wouldn't have any problems. Then my 03 powerstroke blowed up, my 06 duramax had bad injectors, my 09 Ford 6.4 had major wiring problems, my 11 Ram had emission problems as did my 13 Ram, but it didn't leave me stranded. I deleted my 13 Ram and will never buy another new vehicle.
Life is good live it while you can.
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Joined: Apr 2011
Posts: 152,371 Likes: 43
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 152,371 Likes: 43 |
My new truck is 600.00, got it almost paid for in 2 yrs, helps having no other bills except that, can gang bang it, pay off early.
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Joined: Apr 2011
Posts: 152,371 Likes: 43
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 152,371 Likes: 43 |
Wife and I haven’t had a payment in a few years now. We do however have an account that we put the “car payment” in every month however. That way when the time comes to buy a new one we can just buy it outright. Yep. Save the note after you pay it off. That’s smart.
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Joined: Dec 2005
Posts: 9,587 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2005
Posts: 9,587 Likes: 1 |
no car payments here ever again. just bought the wife a 2019 suv last month. 20,000 check and forget it.i bought new truck back in 2004,payed 3-4 payments and paid it off. i used to do payments on work trucks but don't need that much these days.
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