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re: When did truck prices become so obscene?

Posted on 5/22/17 at 9:09 am to
Posted by crazycubes
Member since Jan 2016
5256 posts
Posted on 5/22/17 at 9:09 am to
quote:

When did truck prices become so obscene?
When banks began offering 20 year finance plans on trucks.

More $$$ = higher price

think college tuition.
Posted by Tyga Woods
South Central Jupiter Island, FL
Member since Sep 2016
30412 posts
Posted on 5/22/17 at 9:15 am to
quote:


When banks began offering 20 year finance plans on trucks.

More $$$ = higher price

think college tuition.


I paid the "idiot tax" on my first truck. Bought it brand new because I was pre-approved for 30k as a college freshman. Ended up paying almost 20k in interest. Learned my lesson early on in life and have only bought gently-used vehicles since. I won't even finance now. If I don't have the cash to buy it, I don't buy it. I could pay 60k for a truck, but I refuse to.
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