Trucks all mine!!
After 5 yrs my Ram is all paid off. Only has 70k miles so I have alot of life left in it. Good feeling to have.
Forum Discussion
I'm all for paying something off and having low debt. if you are the kind of person that will happily drive that vehicle for many many years.
The problem I see with a vehicle is that it's a loosing battle, I pay my truck off in 5 years, then I have to make five years worth of payments to myself and drive my truck for a total of 10 years to start all over again, either way I'm making that payment to either the bank or myself.
the other part is that it is hard to keep that money paid to myself in a separate account, the chances of an "emergency" popping up in those 5 years is very likely and then you are back to zero.
These days with 0% financing who wouldn't want a new vehicle every 5 years instead of every 10?
The problem I see with a vehicle is that it's a loosing battle, I pay my truck off in 5 years, then I have to make five years worth of payments to myself and drive my truck for a total of 10 years to start all over again, either way I'm making that payment to either the bank or myself.
the other part is that it is hard to keep that money paid to myself in a separate account, the chances of an "emergency" popping up in those 5 years is very likely and then you are back to zero.
These days with 0% financing who wouldn't want a new vehicle every 5 years instead of every 10?
