re: Talk me off the ledge….been looking for a used truck… UPDATE: it’s gone

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46K for a 10-year-old truck is crazy, and paying a 3-5-year note on one is nuts. You didn’t mention if you’d take on a note, but since you’re buying something that old, I’m guessing that is your plan.

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I could pay cash but I’m earning almost 10% in my cash account and can probably get a loan from my credit union for around 5% so it make sense to finance and draft payments from that account.

Keep in mind, all accidents and paintwork don't show up on Carfax.
Give it a good lookover, during the day, just to be sure. Look down the sides, door closures, etc.
Be sure the sunroof opens and closes smoothly, very important.


And, what cash account you using?

That might be more than the same price in 2016

Excellent. Ask yourself a couple questions:

Will you be earning 10% for the lifetime of your payments on the truck?

I was thinking more like 7% on the ten year old truck. Either way, find out what the interest rate is on a new truck and then understand how much of your payments go to interest on each. There is an equilibrium of payments on new vs old and probably a potential to buy a >$46k new truck for the same monthly spend.

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And those rare situations that actually truly require the unique specifications of a truck? Rent one. The small rental fee is gonna be a lot less than you'd spend on that truck note every month not to use it.

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You can rent a truck from U-Haul for like $20 when you need one. It’s very easy. And a lot cheaper than $46k. But baws feel emasculated if they don’t drive a truck

That’s more than I paid for my 2017 Lariat brand new.

If you want a truck, get a truck. Don’t listen to these idiots.

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Give 3 examples in the last 3 years when you weren’t a douchebag.

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So you don’t have any?

It’s ok to want a truck, to want a nice truck. Stop being a cheap arse and buy one.

I wasn’t trying to be a douchebag to you. If you haven’t had to rent or borrow a truck for those situations where “when you need a truck you need a truck” they don’t exist. I drive a truck and rarely use its truck functions. I am rural and do need to take my trash to the dump. I do occasionally haul some wood. About once a year the 4 wheel drive is handy. But most people, including me don’t need the feature filled truck they drive.

As another 50 year old who has always been cheap about vehicles, go buy you the truck you always wanted, your time here on earth is limited and it won’t matter in the end.

2008 Toyota Tacoma.

200K plus miles.

Stick. 4wd.

Heavily used.





46K for a used Ford?

Bonkers