- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Another vehicle buying question
Posted on 4/4/14 at 6:20 am
Posted on 4/4/14 at 6:20 am
With rebates lately and great equity in my trucks, I have been able to flip them the past two years for a net difference of about 2k each time. Smart or not?
I put about 35k miles a year on my trucks. For work. The main reason for the last switch was that I didn't like that truck. If I drive them for 5 years I am likely only going to get around 10k for the truck and my net difference will be around 20k. If I every year and keep my payments low (under $200 currently) I seem to be doing better. Thoughts?
I put about 35k miles a year on my trucks. For work. The main reason for the last switch was that I didn't like that truck. If I drive them for 5 years I am likely only going to get around 10k for the truck and my net difference will be around 20k. If I every year and keep my payments low (under $200 currently) I seem to be doing better. Thoughts?
2
Posted on 4/4/14 at 6:31 am to new roads
I don't see a problem with that plan. There are those that tell you to only pay cash for a vehicle. I am not in that camp.
I somewhat do the same thing. I'm currently in my third truck since 12-30-12 and this one may be traded in by the end of this year. I've still got about 5k of equity in my current truck, so it doesn't concern me to continue to transfer that equity to another vehicle rather than take a loss when I leave the lot.
I somewhat do the same thing. I'm currently in my third truck since 12-30-12 and this one may be traded in by the end of this year. I've still got about 5k of equity in my current truck, so it doesn't concern me to continue to transfer that equity to another vehicle rather than take a loss when I leave the lot.
Posted on 4/4/14 at 7:27 am to new roads
You also have to look at maintenance costs. If you are getting rid of them before major work is needed, you are doing good. It is all relative.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News