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Originally posted by Roscoe
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Trust me, I am having one HELL of a battle with myself over all of this...Originally posted by Leah -
Jesus, trucks are fucking expensive.Originally posted by davbrucasComment
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What kind of intrest are you looking at russel? If 300.00 is what you would like to stay around for a payment. You need to start looking at 15,000 trucks.Comment
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Just curious what changed in 9 days....Originally posted by black2002ls View Post
Payment - $700 (if you finance ONLY at 6 years on $40k)
Gas - ~$400/mo
Insurance?
You have that vehicle for two years and you'll have at least 50k miles on it, and still owe over $30k....Comment
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Its what happens when you go car shopping roscoe. Go looking for a 10k and walk out with a 20k
Btw full coverege on my 08 is 39.00 woot woot.Comment
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Holy shit, I didn't even catch that. OP, walk away for a couple days, let things cool off and think about what you're doing.Originally posted by Roscoe View PostOriginally posted by davbrucasComment
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Interest, on my pre-approval depends on the year 2011 6.91% 2012 4.9% 2013 or newer 4.6%Originally posted by Sleeper View Post
With incentives, looking at financing 26-28K. When I saw the rebates and incentives Ford has on the '13 F-150's I figured it was worth a look for something brand new, warranty (I know, it would only last a year MAYBE year and a half, however, I would know exactly what the truck had been through), and not dealing with someone else's headache was worth the ~$100/mo. The sticker was $40, we were at $31K before any finance and trade incentives, as well as appraisal on my truck. Without that incentive, it doesn't make sense and the truck won't get traded in. I can put a few hundred into it fixing the issues and sell it for ~$3K and pad my savings account a little.Originally posted by Roscoe View Post
Well, if I walk away for a couple of days and quit looking, then I am going to go back to driving my baby truck around and just continue to fix the issues with it until one of two things happens, the issues are all corrected, or the motor quits...Originally posted by slow99 View Post
Not to sound like the little brat who decides to take his toys and go home, however, more to give you an idea of my train of thought:
I have lived in the poor house so long that I WONT put myself in a position of not being able to put money into savings and afford to buy cool shit every once in a while when the feeling hits me, so I'm not going to get talked into buying something I can't reasonably afford. Is it absolutely ridiculous to spend 25K on a truck because it is optioned he way I want even though it is more than I need, it sure is. However, If I am going to be locked into a payment for the next several years, it will be something that I want and will enjoy driving!Last edited by black2002ls; 12-19-2013, 10:13 PM.Originally posted by LeahComment
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I see one and two year old trucks with decent mileage for low $20's all day long....
Put the same down or whatever you planned on financing and you're in the teens with ease.
Just playing the voice of reason. Hell, my truck was $32k when I bought it after all rebates, etc (stickered at $40). Wound up putting enough down to finance $27k and my payments were still over $500/mo for 60 months.
With as much driving as you do, tires are a $1k expense, oil changes are $45-50, gas, insurance, etc. Back when I still had a payment on my truck, I added up that it was costing me $1200/mo to own, which would be ~$1600 pre tax, which is $19,200/year gross, when all was said and done.
Just cause you think you can afford the payment doesn't make it the wisest move. Sharing my thoughts cause I have seen the success you've had in the past year. Don't try to hedge anything.Comment
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Who's sticking you with a ~5% interest rate?Originally posted by Roscoe View PostOriginally posted by davbrucasComment
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Goddamn math people...Originally posted by slow99 View Post
It was 4.75% bc I had to finance it as a used vehicle even though it was brand new. Was a 2010 that I bought in March 2011 and I had to use Ford to get the rebate. I financed it at 2.9 with my CU soon thereafter.Comment
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I hope no one is taking my comments as argumentative! I know that there have been many people here follow my journey from the depths of retail management hell to a job that I love and finally make a decent living doing it. So I value everyone's input and comments!Originally posted by Roscoe View Post
The majority of my expenses won't change too much. My fuel bill will increase a bit, my travel is 95% highway and I average 23-25 mpg in my s-10 right now. It won't be a huge hit in the fuel mileage department. Hell, if I could make it work, I would build out of a car that gets 30+ mpg, however, when it comes to moving signs, barricades, and the occasional jetted marble tub, an econobox just doesn't cut it! As for $$ down, if I don't trade my truck in, I am looking at putting $1000-1500 down, if I trade my truck in, that is my down payment, as I refuse to drain what savings I have managed to buy a new(er) vehicle. What will most likely happen, with the rain coming in this weekend, I wont want to screw with driving to the metroplex and looking at trucks, replace the radiator in the truck. (yeah, I know I should have done that as soon as I found the crack, but the putty has held up and it is still holding coolant pretty well) Look into taking care of the power steering issue and realize that for the $400 I would pay for a car payment next month, the current round of pressing issues will be taken care of.Originally posted by LeahComment
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At first I thought the question was directed at me, then I read the quote!Originally posted by slow99 View PostOriginally posted by LeahComment
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I'm not. As roscoe said, we've followed your journey and cheered you along for a while now. I just don't want to see a misstep.Originally posted by black2002ls View Post
I admittedly didn't read the whole thread, I just saw the quote about starting out with an $18k budget then looking at $40k trucks ... my bad.
I see and interact with people all the time who think $100 here, $100 there, isn't a big deal b/c they can afford it. I ask questions, dig a little deeper, and find out that the extra money they're justifying leaves them with only a small portion of discretionary funds a month ... and MOST of the time they aren't putting anything/enough back to 401k, IRA, etc. "I can afford the money for an expenditure, then I'll start contributing to retirement next year when I get a raise".
I'm NOT saying this is you, I'm just relating the mindset I keep and what I see far too frequently. Best of luck with the purchase, I wish you continued success.Originally posted by davbrucasComment
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Going back to having a car payment has sucked for me. Not that it's a large payment by any means, I only paid $12k for the Suburban and still pretty happy with it after almost 2 years. I just could not see me spending $40k plus for a new truck / suv again.
If I was wanting a truck I would be looking for a clean 97-03 F150 Supercrew 4x4. Probably what I will be getting after the Suburban.Comment
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Over my years of truck ownership, I have arrived at the theory of buying the highest option package you can. It's always easier to sell later and will command a premium. I'm not saying you get all of the difference back, but it's the difference between selling a truck in 5 days vs. 5 weeks.
And then there's the whole "get to enjoy it" thing the entire time you own it.
With that said, my dad just picked up a brand new F150 Platinum 4x4 Ecoboost last night. I'm not a half ton guy, but I'm definitely in jealousy mode LOLComment
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