NEW TRUCK!!!
Is on the way. We pulled the trigger today on a 2020 Silverado High Country 3500 DRW Crew Cab Duramax/Allison 4x4. Got just about everything but the Sunroof and blackout lights. Should arrive in 8...
Forum Discussion
Hammerboy wrote:Now this is a great plan to get off the payment train.Jayco-noslide wrote:
Ummmm. Must be like buying a fancy luxury car; Mercedes, BMW. I won't ask you personally and don't want to know, but I'm wondering how many young folks buy and finance these things for a hundred years.
Some of these young folks are still living with mom and pop.
I know some people always figure a car payment. What I mean by that is when they pay off the vehicle they continue the discipline of making payments to the "vehicle" savings account. Then someday when they decide to trade they have money in the bank as well as the trade in and therefore hopefully a much smaller loan if any. That's what I'm doing anyway, my truck is long payed for so now I just dump money in the account. Still lots of money but kind of spreads it out that way I guess and makes budgeting more consistent.
Dan
IMO, financial institutions are VERY good at figuring the time value of money. Much better that the public at large. They certainly have some large expensive properties, paid for with the profits they make loaning money out.
