Don’t do it, even if money wasn’t tight. Going into more debt is not the way to get out of debt.
A 4 year old truck with 60k miles is good for another 12-15 years. Pay off that $7k, then keep making the payment but to a savings or investment account, then pay cash for the next truck. Flip the cycle one time and you’ll never worry about a car payment again.
I was in your shoes 16 years ago. Trust me having no payments is the way to go.
That old truck in my signature is getting to retire in about a month after hauling me around for 20 years. A new F350 is being built next week, but I’ve already made the payments for it and more over the years.
