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re: Buying a New Truck.

Posted on 10/12/15 at 3:02 pm to
Posted by anc
Member since Nov 2012
18138 posts
Posted on 10/12/15 at 3:02 pm to
quote:

Your total value of all of your vehicles, boats, RVs, ATVs, etc. should never exceed half of your income.


That's the first time I've ever heard that rule of thumb. What is it based on?

Anyway, I assume you mean daily drivers and what not, because if one has collectible vehicles, that goes out the window pretty quickly.


I read it in one of Thomas Stanley's books. Collectibles are more investment-focused.

Posted by Coach Guidry
Member since Nov 2007
2333 posts
Posted on 10/12/15 at 4:04 pm to
I think you should buy a Honda

Nah...all jokes aside...do whatever makes you happy. Day in and day out I deal with clients and each ones' situation is different. At the end of the day, if you love the truck, buy it.

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