Learned an expensive lesson today

RetiredRealtorRick wrote:

valhalla360 wrote:

RetiredRealtorRick wrote:

valhalla360 wrote:
Sold the house back in 2007...got debt free first and never had a desire to go back in bondedge.

Without interest payments, it's much easier to build wealth.

Of course buying a new truck is a choice. We typically shoot for around 10yr old. A fraction of the price and years of reliable life left. $10k is a lot easier than $70k.

Please let me know where I can buy 2013 3/4-ton trucks that aren't eaten up with miles for 10K each. I see a lucrative business emerging here! :C

If you are expecting a 10yr old truck with 20k miles that's been barn stored with a cover the entire time, yeah, not happening but long gone are the days when a truck was dead-man-walking at 100k miles.

We are in a 2008 that we bought for $10k about 6yrs ago (the window sticker that was in the glove box, said it was $60k new). Just getting back from a trip to Alaska. We've put a little less than 100k miles on it.

Go ahead and double it for recent inflation (which has really started to settle down anyway) and it's still a heck of a lot cheaper than buying new.

Typically most 10-year-old trucks will have a bare minimum of 150K on the odometer (most with substantially more). I just don't want to start there. No, I don't expect 20K either, but there is indeed a happy medium somewhere along the way for everyone.