coolmom42 wrote:
You should be able to pay cash for it. That's the most important rule. And how do you get there? By NOT spending $9K in a year on vehicle depreciation.
If you are going to need a vehicle in 3 years, start saving NOW. It's not a surprise that you are going to need to replace the one you have now. Then buy what you can pay cash for. Save a little bit each month to replace it. Buy a slightly newer vehicle next time, keep it longer, save longer. Repeat a few more times.
After doing that for about 20 years, maybe you can pay cash for a really nice ride. My advice would be never spend more than 1/2 your annual income on a vehicle. And then don't eat the depreciation on a brand-new one.
So. You are saying. Wait until you are too old to use it. By the time I could pay cash for a RV. I'd be dead. However I did pay cash for my new used truck. I'm old, and can now use my 401K with no penalty. So I did. but I still owe for my car, house and TT.
Also for the guys who say. If you didn't have a trailer, you don't need a truck. That is not so. I had a truck long before I ever had a trailer. The Trailer does not figure in if I need a truck or not. IF you have a house, you need a truck. You can do NOTHING with a minivan that you can do with a truck. Go get mulch, or gravel in a minivan. See how that works out.
