JAC1982 wrote:
4x4ord wrote:
JAC1982 wrote:
We traded that in for the dually when we decided to upgrade the trailer and they gave us more than what we owed on it even though we only had it a year. In our area at least, trucks hold their value relatively well.
By the sounds of where you're at in life I fully believe that you can afford to drive nice vehicles. However, I remember years ago my BIL telling me what his 2 year old truck was worth...then with a hint of pride he told me that was a little more than what he owed on it. I remember thinking "so you're telling me you have nothing. What's the big deal?" At that time I couldn't believe that someone would borrow money to buy a vehicle. These days it seems many people are borrowing money to buy cars, trucks, RV's, motorcycles....boats, TVs, furniture, appliances...
With interest rates at practically zero, why wouldn't you finance them and then invest your cash in something that will give an actual return?
My thoughts as well. When you can borrow money at sub 3% why tie up your own cash.
