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 !!!!

[funnthestix]

In April bought a 2001 F 250 cc with the 7.3 and only 26,000 mile paid cash no payments. MORE MONEY FOR CAMPING!

[Wxguru]

I don't mind coughing up mine...2012 Used Ram 4X4 CC with the Cummins..Bighorn Edition..everything that Laramie has minus Leather w/ 30000 miles. Financed $36500 (bought Jan 2013). 1.7% financing for 72 months $550 a month. I accelerate payments, no early payoff penalty. 🙂

[4x4ord]

whoops

[4x4ord]

wolverine68 wrote:

Huntindog wrote:

2112 wrote:

Mont G&J wrote:
I'm not impressed by those of you that take money from your savings to pay cash for a vehicle when interest rates for a new vehicle loan are at an all time low ranging from zero to 2.5%

I totally agree. 0.9% is as close to free money as you can get. Have YOUR money work for YOU. I would loose $$ paying cash for a vehicle, or many other things. Economics 101.

First off those low financing offers aren't really all that low or free. It is INCLUDED in the price of the vehicle. Pay cash, and it WILL be cheaper.

And what's a saving account pay now? 0.25 at best.
In fact there are some million dollar accounts that are actually PAYING banks to store their money! As per a Wall Street Journal report.

If you are in something that is paying more, then it is not savings but investing. Investments are NOT risk free. There is a potential to lose money, and have nothing to show for it.

The lowest final cost is what impresses me.

That is the REAL Economics 101.

I totally agree. They hide the financing in the cost of a new truck. 0% interest but it could be bought in cash for thousands less. I went to buy a freezer a few months back and the salesman told me that they offer "free delivery". I told him "that's no big deal for me as I have my own truck". He then told me that it would be $50 less if I picked it up myself. Sure doesn't sound like "free delivery" to me.

Cuz I got my own truck I opted to save the $50 delivery and hook up on our new washer and dryer. After fighting with the @#$% rusted tap for a half hour I broke it. This set off a chain of events. First I kind of lost my cool and grabbed hold of the plastic trim on the tap surround and pulled ripping the thing out of the wall on account of it needed to be changed. Of course this ripped a hole in the drywall. Oh well - I cooled off for a bit and went to Home Depo to get new taps. In order to properly install them I had to cut a hole in the drywall in the room behind the washing machine ... so I did. While putting the pex tubing onto the new tap somehow it flicked out of my hand hitting the valve and knocking it out of the plastic surround. I went around into the laundry room expecting to find the new tap on the floor. Nope. The @#$% tap went up in the air and fell down the washing machine drain hole. Well there has got to be a P-trap somewhere, so, I grabbed the angle grinder and starting cutting holes in walls and ceilings until I finally found the P-trap. Sure enough after cutting the trap open there was the tap. Off to Home Depo again to get a new P-trap and glue. A year later I still hadn't filled the holes in the walls and ceilings so my wife hired a Mr. Fix it, to come and fix it. And it only cost me $850 to save that $50 delivery charge.

There are occasions when the cheap way ends up not working quite the way it was supposed to. There are many reasons we can come up with to justify borrowing money and buying new but as a rule new vehicles won't make financial sense for any of us - cash or credit.

[Kampfirekid]

What a thread. I giggle at the pay off and save that payment for the next rig. I used to drive 65k a year. Impossible to pay off a truck before it was loaded with miles. Even now at 30k a year, its a major feat to pay off a truck prior to 150k. Im trying the next best thing by burning up cheaper vehicles, but wirh two kids, one income, a travel trailer, etc., I cant get ahead. I never find cash sales save more money. I always buy below invoice, less incentives. There isnt any more room fir savings with a dealer there.

[Sport45]

I always settle on a price for the new vehicle first.

Then we can start talking about trade-in or financing.

[wolverine68]

Huntindog wrote:

2112 wrote:

Mont G&J wrote:
I'm not impressed by those of you that take money from your savings to pay cash for a vehicle when interest rates for a new vehicle loan are at an all time low ranging from zero to 2.5%

I totally agree. 0.9% is as close to free money as you can get. Have YOUR money work for YOU. I would loose $$ paying cash for a vehicle, or many other things. Economics 101.

First off those low financing offers aren't really all that low or free. It is INCLUDED in the price of the vehicle. Pay cash, and it WILL be cheaper.

And what's a saving account pay now? 0.25 at best.
In fact there are some million dollar accounts that are actually PAYING banks to store their money! As per a Wall Street Journal report.

If you are in something that is paying more, then it is not savings but investing. Investments are NOT risk free. There is a potential to lose money, and have nothing to show for it.

The lowest final cost is what impresses me.

That is the REAL Economics 101.

I totally agree. They hide the financing in the cost of a new truck. 0% interest but it could be bought in cash for thousands less. I went to buy a freezer a few months back and the salesman told me that they offer "free delivery". I told him "that's no big deal for me as I have my own truck". He then told me that it would be $50 less if I picked it up myself. Sure doesn't sound like "free delivery" to me.

[Sport45]

TomG2 wrote:
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.

Don't be silly. Haven't you read a diesel vs gas, SRW vs DRW, or other debate here? What one did with their own money is without a doubt what everyone else should do as well. 😉

Me, if they offer 0% financing or something like that I may finance. Later on the wife will get tired of making payments and pay it off. But I usually keep 'em until the wheels fall off so we've had the opportunity to accumulate enough cash to do this.

But like Tom said, everyone's situation is different.

[mitw44]

Bought a 2009 F250 5.4L gas, 4x4, extended cab in June of this year. Price was 25K and change. Traded in a 2004 Tundra. The balance was 15,500. Financed for 48 months at 360 per month. Don't remember the actual loan rate but somewhere around 2.5% It was a very doable payment. We paid if off last friday.

[seabeecamper]

2012 f 250 lariat 9k miles. Found it for 32 k put 18k down.( paid my 10 year old dodge 2500 off 6 years ago, and have been saving that truck payment every month for 6 years). Payment is $305 a month for 60 months. Will pay off in 48. Now I have a 2004 2500 for sale with 141k miles.

[Dave_H_M]

I am older than dirt. I don't make payments any more.

I got nervous so I had the DW write the check for the 2012 F250.

But it took many (too many) decades to get here.

I stopped by the ford stealer when in town today. I no sooner got my old bod up on the front porch than an apparentlly new sales lady came up and asked if she could help me. I said that if the pop corn machine had fresh corn in it she could cus I presently own my last F250. She got this real serious look on her face and said oh why is that is something wrong. I replied that I will reach the end of the road before the Ford does. :B For some reason she went and started to get me a bag of pop corn. Dayum I did not think i looked like I was that close to the end of the road.

[jmcnab]

jasult wrote:
this is my new to me f350 super duty 3 months ago
4 thousand dollars down and no payments :B

Nice truck!

[a64armt]

Yea, that is a pretty funny commercial.

I'm in debt up to my eyeballs

[Charlie_D_]

milo wrote:
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

LOL Good for you.:B When drowning in debt just borrow more money. I heard someone famous say that borrowing more money adds not one dime to the debt that is owed.:S:h