Would you tell us your payment with that new truck ??

[MARK_VANDERBENT]

Just curious what these new truck payments are ??? I keep hearing many chime in about their new 12 or 13 truck and I cant even imagine what kind of payment comes with that truck. I want a new truck so bad but after not having a truck payment for a while I think it will be a hard pill to swallow. I guess what I am saying is that I will feel less jealous if I here the payments on these beauties !!!!

[MARK_VANDERBENT]

Meant this tread as a fun thing not judge or convict those that pay as much for their truck as some pay for a house!! Just like to see how the low financing works out in the deal for some.

[PAThwacker]

130/m for our dedicated k2500 sub. 100/m or 100/2m gas. Cheap third vehicle, carry firewood, dead deer, kids, tows camper, in laws,.....

[milo]

HI.... We got a new car and a new truck, fixin to get a new Rv, we even belong to the country club & a health club, how do we do it ..."we're in hock up to our eyeballs, we can barely afford to pay our fiance charges". :B

Life is fantastic &
get better everyday

[Fordlover]

Thanks for the two posts above (can't believe I'm agreeing with Tom) and APT.

Very well said guys. We all have choices we can make, and one or the other isn't always the right decision for everyone, all the time.

[APT]

I don't understand the point of this thread? Time Value of Money is easily computed by every spreadsheet. $40k, $60k, 1.5% interest, 10%, 3 years, 7 years. Some people put large down payments or pay cash. Some people finance it all. Some people make $250k per year and budget by payment. Some people make $50k per year and budget by net worth.

No one needs to judge anyone about how much or little they spend per month on a TV payment. I know my budget and that's all that matters. Each person should learn and stick with their own.

[TomG2]

How simple life must be for those who can tell the other fellow what to do in one or two easy sentences. How do you know his position? Do you know his tax situation? Will he have to take money out of savings or a retirement plan to pay cash? What will be the tax consequences? Any early withdrawal penalties? Is he looking at a leftover model that has huge incentives and rebates? What will be the fuel savings or losses if he upgrades? What repairs are imminent on his trade-in? Will he soon lose eligibility for employee discounts? Does his employer reimburse all or part of his vehicle expenses? Does he get a tax break for business use? What are his employment opportunities? Did he recently receive an inheritence or one time bonus, will he next year? Is the spouse starting a career and need a second reliable vehicle? Many many more questions, far too many for anyone to throw out a blanket, "You are doing it all wrong because you don't do it like me" comments. Even as tempting as that can be.

[Kevin_O_]

Thats_Ok wrote:

TomG2 wrote:

Thats_Ok wrote:

It's a long story.
I actually came out on top.

...snip.........

I see that your judgment and values are being criticized. Doesn't it only matter that you know that you got a good deal?

Thank you Tom...
I should have known better than to try to explain my dealings here.
I've leased two other vehicles I do know the ins and outs.

My truck was $42,000 and I'm financing it for 72 months at 2.9%. My payment is $671.00 a month and by the end of my loan I will have paid $6,300 in interest. Leases make no sense to me unless you drive the hell out of the vehicle and turn it in at the end or maybe if you can get a real low monthly payment it might be worth it.

[2112]

Never mind. Why Bother!

[deleted-2]

TomG2 wrote:

Thats_Ok wrote:

It's a long story.
I actually came out on top.

...snip.........

I see that your judgment and values are being criticized. Doesn't it only matter that you know that you got a good deal?

Thank you Tom...
I should have known better than to try to explain my dealings here.
I've leased two other vehicles I do know the ins and outs.

[bmanning]

Perrysburg Dodgeboy wrote:

RoyB wrote:
usually a federal credit union will give you the best loan... Don't rule them out when you are looking for one...

My CU wanted to give us 3.4 APR but our bank gave us 2.3 APR. Asked the CU WTH is up with that and they told me you didn't ask for the best rate????? No more loans from the CU. BTW I have been with them for over 15 years and never missed a payment.

Don

"You didn't ask for the best rate"

Isn't that disgusting Don?

Am I the only one that believes in capitalism without the "gotcha!?"

[TomG2]

Thats_Ok wrote:

It's a long story.
I actually came out on top.

...snip.........

I see that your judgment and values are being criticized. Doesn't it only matter that you know that you got a good deal? We cannot all be blessed with lots of cash and unbelievable bargaining skills. Why unbelievable, when it says so on the Internet? I have never leased, but if it worked for you, then congratulations. Of course, I always get at least forty percent off Sticker price and pay for it with pocket change.

[Wishin]

I just bought my 2003 Suburban with cash, for about the first years depreciation on a new one. I'm including in my purchase costs the purchase, taxes, fees, title, plate, $1300 in repairs to bring everything up to par, etc. Came from a southern state so no rust and it is very clean and nice. I like it better than the new ones anyway.

[aedubber]

Thats_Ok wrote:
@Kevin O.
Yes,
It was a lease versus financing it for 6 years.
I bought the truck at the end of the lease
I didn't walk away from the truck I wanted to keep it.

A lease isn't a cash deal.
Financing or lease you pay the piper when it's done.
I'm trying to say I got a few bucks off the buyout.
Full term financing would have been more money (around $67000.00).

You did NOT come out on top at all , you got shafted big time there . You have to be careful when leasing then buying afterwards as it seems like most of your lease payment went towards taxes and finances fees and barely touched what you owed . Im curious to know how much money down you put at the lease signing ? You paid literally almost 20k MORE for the truck , also i hope you didnt pay the sticker msrp price? lol or did you work out an invoice price deal ?

[Merrythought]

Bought a 2013 F250 diesel for 57K in May. Payments were 931 per month and just paid off the truck two weeks ago. The truck has 3600 miles on it and is used primarily for camping. All three vehicles and the travel trailer in the driveway ard paid for which is a great feeling.

[deleted-2]

@Kevin O.
Yes,
It was a lease versus financing it for 6 years.
I bought the truck at the end of the lease
I didn't walk away from the truck I wanted to keep it.

A lease isn't a cash deal.
Financing or lease you pay the piper when it's done.
I'm trying to say I got a few bucks off the buyout.
Full term financing would have been more money (around $67000.00).