re: Used Trucks

quote:

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My dilemma is go with a newer and have a higher note, or a cheaper one with considerable mileage and risk having to come out of pocket for a major repair in the first few years. That second scenario is a killer for me.

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get the cheaper one, put the difference between that note (if there is one) and a new vehicle note into savings until you have a few thousand saved up for any unexpected repair then...profit. Even still, the interest you'll pay on a small signature loan for car repairs will be considerably less than the interest and depreciation expense you'll see on a new vehicle.