Awww, isn`t that cute? You neary spelled an actual word...
At least two or three by my count there, Tonto.
Awww, isn`t that cute? You neary spelled an actual word...
Not as good as free of debt and paying cash.
Debt is not inherently bad. In fact, if you are bound and determined to sink $50k into a depreciating asset, better to use other people's money (as long as you can get it cheaply) than to deplete your reserves by sinking that much cash at once.
Debt is not inherently bad. In fact, if you are bound and determined to sink $50k into a depreciating asset, better to use other people's money (as long as you can get it cheaply) than to deplete your reserves by sinking that much cash at once.
$50k for a vehicle? Yikes. I don't think it's wise to buy a vehicle that costs more than half of what your income is.
Geez, I have never, at any point in my life, approached that number.
Define cheaply. Opinions are worth what you pay for them.
My opinion is that patience is an under rated concept and borrowing to own always costs more than paying cash. Always.
I'm currently looking at trucks that cost $20k, and I'm second guessing myself on those.
At least two or three by my count there, Tonto.
$50k for a vehicle? Yikes. I don't think it's wise to buy a vehicle that costs more than half of what your income is.
I'd never spend $3500 on a 1911, but we've all got our own notions of value in this life. For some people a vehicle is just another appliance. For others, they are more than that.
Not saying I'd spend $50k on anything out of a GM factory, but there are other vehicles that I wouldn't bat an eye at spending around $40k for. Especially if I intended to keep it for 10 or 15 years. Yearly income is a silly metric when you are talking about a durable good that you will use for several years. A better gauge is percentage of take home income.
https://www.kbb.com/new-cars/best-resale-value-awards/best-resale-full-size-pickup-truck/
I'd say just about anything with a Diesel engine holds better resale value than anything else on four wheels. Quick peek through Craigslist makes it pretty clear.
First thing I'll be looking at is the reviews and listed values of these trucks, in 5-6 years when they have 100K+miles on them. That's where they come into my range.
No payments, cheap insurance, aftermarket parts abound, etc, etc, etc...
Happy to let you all break them in for me, thanks.
First thing I'll be looking at is the reviews and listed values of these trucks, in 5-6 years when they have 100K+miles on them. That's where they come into my range.
No payments, cheap insurance, aftermarket parts abound, etc, etc, etc...
Happy to let you all break them in for me, thanks.
So if you buy your trucks at over 100,000 miles, how much life are you getting out of them?
So if you buy your trucks at over 100,000 miles, how much life are you getting out of them?
I don't suppose you've ever heard of 0% financing or six months same as cash deals.
If there is a big ticket item that I want, and I can get it now for no additional cost, or even a minimal additional cost, I'll get it now. No reason not to, IMO.
So if you buy your trucks at over 100,000 miles, how much life are you getting out of them?