Forum Discussion

4x4ord's avatar
4x4ord
Explorer III
Feb 06, 2017

How do you determine how much to spend on a truck?

A young friend of mine just traded his 2016 King Ranch F350 diesel in on a 2017 Lariat. He said they offered him a deal he couldn't refuse. They allowed him $63k for his '16 with 18k miles and it cost...
Tow Vehicles
bid_time's avatar
bid_time
Nomad III
Feb 06, 2017
When I was young (admittedly a long time ago) the rule of thumb was not more than 20% of your income for a mortgage and not more than 25% of your income for all debt payments combined; and that didn't include credit card debt because that should be paid off in full every month. Those rules of thumb may have changed since then. So if he doesn't have a mortgage, he can afford a lot more for a truck.

But I really wonder; what does it matter to you what your neighbor does with his money?

About Travel Trailer Group

44,056 PostsLatest Activity: May 04, 2014