High Mileage tow vehicle question
I found myself in need of an extra vehicle and found an old grampa truck (93 GMC 1/2t ext cab 4x4) it was cheap and well taken care of by the previous owner who had owned it almost 20 years. It has 21...
Forum Discussion
Grit dog wrote:valhalla360 wrote:
Food for thought: $60k loan, 5yrs at 4%...monthly payment...
$1100 per month!!!!
I can pay for a heck of a lot of nickle and diming before a new truck makes sense.
There's alot of middle ground between a 25year old $2500 (guessing) pickup and a $60k Laramie Diesel. But your point is valid.
How about a 15 year old 100k mile truck for $10k? Now the comparo is getting closer.
OP, if it runs good, shifts good and doesn't burn oil, you've got the big stuff covered for a while probably.
FWIW, boat forum I'm on, just had the deal of the year. Guy just sold his 1995 K20, 454, ext cab, 9.8 of 10 condition 52kmi, setup for a truck camper. He was asking $10k, got $11.5k!
I'm looking right now around the $10k mark and finding 7-10yr old 120-150k mile trucks.
I'm paying cash but $10k vs $60k is still $916/month extra which will cover a lot of maintenance.
It would have to be something really special to buy a 95 gas truck for $10k. The problem is age will damage and destroy parts even if it's sitting in a garage the whole time.
