High Mileage tow vehicle question
I found myself in need of an extra vehicle and found an old grampa truck (93 GMC 1/2t ext cab 4x4) it was cheap and well taken care of by the previous owner who had owned it almost 20 years. It has 21...
Forum Discussion
valhalla360 wrote:To that you can add higher insurance rates for a new truck. Some states personal property tax each year is higher for a new vehicle. In Kansas sales tax on 60k truck is about 9 percent and would be a additional $5400.
Food for thought: $60k loan, 5yrs at 4%...monthly payment...
$1100 per month!!!!
I can pay for a heck of a lot of nickle and diming before a new truck makes sense.
I can put 60k in investments and can make more then enough to pay for maintenance on a older vehicle and have a few long camping trips and never touch the principal.
