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BobsYourUncle's avatar
BobsYourUncle
Nomad
Oct 11, 2020

The price of new trucks is beyond comprehension!

It was 42 years ago today, seems so long ago, yet still a strong memory in my head, a milestone I reached in my humble beginnings into the home renovation industry building solariums and such. Yes,...
Tow Vehicles
BobsYourUncle's avatar
BobsYourUncle
Nomad
Oct 13, 2020
ShinerBock wrote:

For instance, I paid $60k cash for a five acre plot about 5 years ago as an investment, and just sold it for $85k. Total interest on a $60k truck at 1.9%(the rate of my last loan) is $3k. So pay cash for a $60k vehicle to avoid paying $3k in interest over 5 years or invest it and make $25k in 5 years. I think I will choose to invest it and make $25k.

That there is excellent advice and good thinking.
So true.

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