Terrible Trucks
No doubt I'll get lots of disagreement on this. Just wondering how many young people on a budget are buying those nice trucks at $40000 and up; way up for a 1 ton diesel. And financing them for as man...
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In Debt Up to My Eyeballs
So, re-reading the OP, I was not aware motor vehicles can be financed as long as a house. I know RV's, can, but never knew trucks or cars could be. I would agree, that's insane.
But, financing a new truck for a standard period of time, along the lines of 3-5 years is way different.
It would be great if everyone could afford to pay cash like the OP, but let's face it, the number of folks who can actually do that are way way small. I'll never begrudge someone from financing a "toy" or a new vehicle if that's what they choose to do with their money. If they feel comfortable doing it, like JAC1982 does than I pat them on the back.
Just because one finances something doesn't mean they are irresponsible.
Mike
So, re-reading the OP, I was not aware motor vehicles can be financed as long as a house. I know RV's, can, but never knew trucks or cars could be. I would agree, that's insane.
But, financing a new truck for a standard period of time, along the lines of 3-5 years is way different.
It would be great if everyone could afford to pay cash like the OP, but let's face it, the number of folks who can actually do that are way way small. I'll never begrudge someone from financing a "toy" or a new vehicle if that's what they choose to do with their money. If they feel comfortable doing it, like JAC1982 does than I pat them on the back.
Just because one finances something doesn't mean they are irresponsible.
Mike
