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re: How much is your truck note?

Posted on 9/8/17 at 3:25 pm to
Posted by GregMaddux
LSU Fan
Member since Jun 2011
18771 posts
Posted on 9/8/17 at 3:25 pm to
Nm
This post was edited on 9/8/17 at 3:26 pm
Posted by X123F45
Dictated not Read
Member since Apr 2015
30040 posts
Posted on 9/8/17 at 3:25 pm to
0.

I only pay a note on off-road stuff.
Posted by X123F45
Dictated not Read
Member since Apr 2015
30040 posts
Posted on 9/8/17 at 3:25 pm to
quote:

With zero interest this is only 42 g's. What gives



It scares me that equity confuses you.
Posted by GregMaddux
LSU Fan
Member since Jun 2011
18771 posts
Posted on 9/8/17 at 4:02 pm to
Son please. All information was not presented in the first post. Was simply asking for the rest until I read down and saw it
Posted by CHEDBALLZ
South Central LA
Member since Dec 2009
23354 posts
Posted on 9/8/17 at 4:05 pm to
2008 GMC Sierra 1500
bought new for $24,000
been paid off for 3 years
My note was $386 for 60 months.
Posted by Lou
Modesto, CA
Member since Aug 2005
9010 posts
Posted on 9/8/17 at 4:23 pm to
I haven't had a car payment since 2002. Can't imagine ever having one again. But I'm not a big car/truck person, it's simply a means to an end for me. If I could walk, ride a bike, or take public transportation everywhere I needed to go I would be completely happy not owning an automobile. Not preaching - I know people love their cars, we all have our different interests.
Posted by TU Rob
Birmingham
Member since Nov 2008
13579 posts
Posted on 9/8/17 at 4:30 pm to
We had 2 car payments at once. Never again. Sold both of those and bought mine with the cash. Financed my wife's vehicle over 5 years. I think the rate is 1.9% APR. I'm paying maybe $10 a month in interest. No reason not to finance.
Posted by BottomlandBrew
Member since Aug 2010
30210 posts
Posted on 9/8/17 at 4:40 pm to
$627 for 2017 Tacoma SR5 DCLB. I think it's a 60 month loan, but can't remember. Work pays for it though, so that's nice.
Posted by danilo
Member since Nov 2008
26334 posts
Posted on 9/8/17 at 4:41 pm to
0.00. My 2005 Toyota is still going strong baw
Posted by lsubuddy
houma, la
Member since Jul 2014
5009 posts
Posted on 9/8/17 at 4:42 pm to
$0 but about to cost me at least $2000, transmission troubles
Posted by CSATiger
The Battlefield
Member since Aug 2010
7002 posts
Posted on 9/8/17 at 4:45 pm to
0 at the moment, when I bought my truck I vowed to drive it till it dies, that was in 2000, has 250,000 miles on it now
Posted by Lou
Modesto, CA
Member since Aug 2005
9010 posts
Posted on 9/8/17 at 4:51 pm to
quote:

My 2005 Toyota is still going strong baw

In 2003 I paid $10,900 for a 1999 Ford F-150 with 60K miles on it. 14 years later I sold it to my neighbor for $1,500, it had 302K miles on it. He is still driving it today. Keep the oil changed in that Toyota and don't rag it out, and it will last forever.
Posted by ThatMakesSense
Fort Lauderdale
Member since Aug 2015
15281 posts
Posted on 9/8/17 at 4:52 pm to
Wtf?

Posted by El Segundo Guy
1-866-DHS-2-ICE
Member since Aug 2014
11746 posts
Posted on 9/8/17 at 4:54 pm to
I have a car and a 1/2 ton paid off. The small business I own needed to spend some money last year for tax purposes so I pay $620 for a 3/4 ton Silverado High Country.
Posted by The Dudes Rug
Member since Nov 2004
14069 posts
Posted on 9/8/17 at 4:55 pm to
quote:

2017 Ford F250 Super Duty Crew Cab $499 a month for seven years.

How the living frick did you get your note so low?
Posted by TulaneUVA
Member since Jun 2005
26238 posts
Posted on 9/8/17 at 4:57 pm to
2012 F150 KR.

Note was close to $750/month.

Got tired of it after a while and paid it off with cash when we landed on some money.
Posted by Triple Bogey
19th Green
Member since May 2017
6853 posts
Posted on 9/8/17 at 4:58 pm to
I just had to trade my 2010 Silverado in to get something a little more reliable. It was a beat up POS, but it still ran. Now I have a note of almost 500 a month and I just hit 50k miles and my AC goes out in my new(er) truck. My work pays me truck rent on mine though. So I actually just have the insurance on it.
Posted by Teddy Ruxpin
Member since Oct 2006
40998 posts
Posted on 9/8/17 at 5:09 pm to
quote:

What if his take home is 600k?


I'm playing the odds but that would be fine

It is still technically a wealth destroyer. Income doesn't determine the nature of a depreciating asset, however, someone making that much can absorb the hit.
This post was edited on 9/8/17 at 5:11 pm
Posted by Ponchy Tiger
Ponchatoula
Member since Aug 2004
50047 posts
Posted on 9/8/17 at 5:11 pm to
Do what you want to do based on that. Not what you were raised to do or what the idiots on this site do.
Posted by Teddy Ruxpin
Member since Oct 2006
40998 posts
Posted on 9/8/17 at 5:12 pm to
quote:

What's this?

10 percent of gross take home?




Sorry I missed this. Yes.

I don't do everything those FIRE folks do but I do try to do a good bit. frick being chained to the hamster wheel of work.
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