When did you know it was time to trade your truck in?
#16
10-13-2013, 07:37 AM
Same as that... I was lucky to suvive the last ('92 F-150) crash. Texting driver swerved into me at an intersection, head-on.
#17
10-16-2013, 08:46 AM
#19
11-17-2013, 06:57 AM
#20
11-17-2013, 10:20 AM
It is a math equation, and never buy new.
Calculate what a new vehicle will cost. I will use theoretical numbers.
40,000 if you have cash. Probably more like 50,000 these days for pickups. (Most never do and finance vehicles for ridiculous amounts of time and money).
If you go six years on 40 Grand at 6% interest you are out 650 dollars a month or 47000 dollars give or take.
If you drive what you have, and fix it, are you going to spend 47000 dollars in six years to fix it?
Or even half of that amount??
Trading for newer, and "better" is not going to in the long run save you any money. It would be a matter of how much money do you have, and how much you want live without to drive newer.
I would also suggest in most cases trading is the worst scenario, as the dealer low ***** you on what you are trading.
I started following the Dave Ramsey plan 10 years ago. If you can't pay cash for a vehicle you don't buy it.
40,000 if you have cash. Probably more like 50,000 these days for pickups. (Most never do and finance vehicles for ridiculous amounts of time and money).
If you go six years on 40 Grand at 6% interest you are out 650 dollars a month or 47000 dollars give or take.
If you drive what you have, and fix it, are you going to spend 47000 dollars in six years to fix it?
Or even half of that amount??
Trading for newer, and "better" is not going to in the long run save you any money. It would be a matter of how much money do you have, and how much you want live without to drive newer.
I would also suggest in most cases trading is the worst scenario, as the dealer low ***** you on what you are trading.
I started following the Dave Ramsey plan 10 years ago. If you can't pay cash for a vehicle you don't buy it.
#21
11-18-2013, 09:47 AM
#22
11-20-2013, 09:32 PM
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Calculate what a new vehicle will cost. I will use theoretical numbers.
40,000 if you have cash. Probably more like 50,000 these days for pickups. (Most never do and finance vehicles for ridiculous amounts of time and money).
If you go six years on 40 Grand at 6% interest you are out 650 dollars a month or 47000 dollars give or take.
If you drive what you have, and fix it, are you going to spend 47000 dollars in six years to fix it?
Or even half of that amount??
Trading for newer, and "better" is not going to in the long run save you any money. It would be a matter of how much money do you have, and how much you want live without to drive newer.
I would also suggest in most cases trading is the worst scenario, as the dealer low ***** you on what you are trading.
I started following the Dave Ramsey plan 10 years ago. If you can't pay cash for a vehicle you don't buy it.
40,000 if you have cash. Probably more like 50,000 these days for pickups. (Most never do and finance vehicles for ridiculous amounts of time and money).
If you go six years on 40 Grand at 6% interest you are out 650 dollars a month or 47000 dollars give or take.
If you drive what you have, and fix it, are you going to spend 47000 dollars in six years to fix it?
Or even half of that amount??
Trading for newer, and "better" is not going to in the long run save you any money. It would be a matter of how much money do you have, and how much you want live without to drive newer.
I would also suggest in most cases trading is the worst scenario, as the dealer low ***** you on what you are trading.
I started following the Dave Ramsey plan 10 years ago. If you can't pay cash for a vehicle you don't buy it.
I listen to Dave as well and I do agree with a lot of what he says. HOWEVER..... a lot of what he says are for people who are to stupid to be around money. I live within my means. That's why I have no bills (other that water, electric, cable. My house will be paid for very shortly. So I could afford a new truck. I found one I liked and got it for the price I wanted, financed it for four years and paid it off in 2. So yes I do agree with you but I keep my trucks for a long time so it was worth it.
#23
11-21-2013, 04:24 AM
I have a 05 F150 XLT with 123k, wife has an 05 Escape Ltd with 155k....
The Escape has an oil leak...plus some "battle damage" now from a parking lot incident that occurred on a manicure/pedicure run....
my truck stays.
Plus...I just rode in a friends 2013 lariat...with the cooled seats...this was the greatest thing ever...Ford TRULY does love Texas.
The Escape has an oil leak...plus some "battle damage" now from a parking lot incident that occurred on a manicure/pedicure run....
my truck stays.
Plus...I just rode in a friends 2013 lariat...with the cooled seats...this was the greatest thing ever...Ford TRULY does love Texas.
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