New truck intrest rates
For anyone that has purchased a new truck recently, what kind of interest rates are you being offered? I know it will vary depending on credit score, I am trying to negotiate a new truck. I was of...
Forum Discussion
mkirsch wrote:
For some reason it is a lot easier to come up with the payment every month than it is to come up with the same amount of money to put into a savings account.
It's weird, I had no payment for 8 years and didn't manage to save a dime. Don't know where it went. I don't remember spending it and have nothing to show for it. Took on a $500/month payment on a new truck, and still have the same amount of money in my bank account at the end of the month, haven't sacrificed anything, same meager standard of living.
Got 1.6% five years ago when I bought the truck.
BTW, some articles suggest the bottom is about to fall out of the auto market. Might be good to wait a while, but your used one will lose value too.
It is just human nature and the difference between voluntarily paying yourself or the obligation of paying someone else that has leverage to make sure you comply. It is no different than those that let that extra 30 to 50+ dollars go to Uncle Sam every week to get a nice noticeably larger check in April.
