re: Buying a New Truck.

quote:

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Zero percent seems ridiculous to me. Why would I want to pay nearly a $1k a month on a vehicle?

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You are going to pay x amount of dollars for the vehicle whether you put a large down payment or none. People are saying this because money is so cheap right now, meaning you can get a really low interest rate. So if you kept your 17k, put it in an index fund you could make more than the interest rate.

The catch is you can never lower your payments, so just be able to handle those payments. To counter that issues though, if you run into a problem and have that 17k in a fairly liquid asset you could have 17 $1000 dollar truck payments on hand if you ever get in a bind.