Wife says I can get new(er) Tow Vehicle !
I currently have a 2006 Chevy 1500 Silverado Crew Cab 4x4 with towing package. The camper I pull and all other junk combine to nearly max out the truck. After creeping and struggling through some moun...
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not sure about that statement.. not many places to put money to make money plus if pay cash for the truck and something happens to the owner, loss of job, accident, etc at least you have something to sell or live in.
One thing you do not want to do, in most cases, is go with dealership financing plan. Most are high interest rate deals sometimes with terms that make prepayment not a good thing for the loan payer.
Best place to get a loan is local credit union or small town bank. Better rates, terms etc.
ME i never buy new.. unless you get one hell of a deal you are losing money when you drive off the lot.
That was not true always in 2009 till 2011 or so as new cars (trucks etc) were discounted, sometimes, below used vehicles prices..
One thing you do not want to do, in most cases, is go with dealership financing plan. Most are high interest rate deals sometimes with terms that make prepayment not a good thing for the loan payer.
Best place to get a loan is local credit union or small town bank. Better rates, terms etc.
ME i never buy new.. unless you get one hell of a deal you are losing money when you drive off the lot.
That was not true always in 2009 till 2011 or so as new cars (trucks etc) were discounted, sometimes, below used vehicles prices..
C130 wrote:
Either way you pay for it, cash or loan. With today's low interest rates paying cash makes no sense to me. You can make more money by putting that cash elsewhere. As far as getting a vehicle cheaper by paying cash I think the dealerships could care less and actually prefer customers without cash. They make more money off the loans than cash.
