I get a flyer weekly from some dealer promising to take my 2013 truck (I bought Jan 2014) and put me in a new truck at a cost near to my current payment.
What is wrong with my truck.... with 25,000ish miles on it????????
Why would I want to extend the amount of time I have a payment??? I am trying to get it paid off early.
Had my last truck 15 yrs....the last 11 yrs without a payment. Still ran strong, would have kept it, if I didn't live in the Rust my frame out BELT.
These "quick flips" on vehicles work best for the dealers. Reminds me of a 3 year lease. You give them back a used vehicle that they can demand almost new prices for. You keep paying for 5-6-7 years on a new one, and the new owner of your old truck also pays 4-5-6 years. Effectively extending the payment the banks receive by several years-----for the same truck.
I prefer owning something....having equity in what I am paying for.
