re: When did truck prices become so obscene?

I've always heard your car should never cost more than 1/3 of your gross income (ex: if you make 60k, you shouldn't buy a car more than 20k).

Most conservative personal finance gurus suggest no more than 1/10 of your gross income. I'd imagine almost NOBODY follows either of those two rules nowadays

Not when you can get 0 percent for 60 or 0.9 percent for 72 months

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Why are you laughing?

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That someone would pay $52,500 for a 2014 truck. Have it for four years, then trade it in the minute it's paid off and finance another $40,000. There's absolutely nothing with a four year old truck.

It doesn't matter if you're making $20k or $200k a year- accepting an endless $800-$900 truck note is horrendous money management. Hey, it's his money and I don't begrudge him to do what he wants with it but I reserve the right to look and laugh. Same when I see people in the ghetto living in poverty but have $3,000 rims on their 2002 Dodge Neon.

Lol. You are so set on arguing truck prices with someone that you are missing the point.

Also got 52,500 bonus depreciation deduction when I bought it under one of my companies

I also make a lot more money than you so it's all relative

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That someone would pay $52,500 for a 2014 truck. Have it for four years, then trade it in the minute it's paid off and finance another $40,000. There's absolutely nothing with a four year old truck. He bought it new in 2014 for $52k. He absolutely could get $25k for it when he's paid it off in 4 years (4x4 high trim diesels hold their value well enough or that), then use that $25k towards a new one. He thinks the new one will cost him $65k, leaving him $40k to finance.

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Yes. I understand. He's buying a $65,000 truck. Ignoring the mind-blowing ignorance of that, he's still financing $40,000 of it after his trade in. I'm not discounting the fact that he could get $25,000 on the trade in, I'm saying it's retarded to perpetually be financing $40,000 every four years. There's nothing wrong with a four year old truck.

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I'm saying it's retarded to perpetually be financing $40,000 every four years. There's nothing wrong with a four year old truck.

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It's retarded to you. Maybe he has a business where part of making money is having a good vehicle to drive people around in. Or maybe it's just what he enjoys. Do you do nothing with your money and never indulge in anything better than generics? I'm doubting it.

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Yeah, I'm calling bullshite on this

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OP has been full of shite since he started this thread.

I have a 2012 tundra and will drive it until the wheels fall off. I take care of it so I hope to have it for at least another decade or so. I'll never understand the need for getting new vehicles every few years. My buddy's company gives him 800 a month for a truck stipend but that's one of the few reasons I see a need to upgrade so often.

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I also make a lot more money than you so it's all relative

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Ah, there it is. No, bad financial decisions are not relative. Perpetually buying new $65k trucks every four years is bad money management and I think you realize this. You can spin it how you want to and talk about how you deserve it and you work hard for your money, blah, blah but it is what it is. Perhaps you're at a stage in your life where a showy, extravagant truck is worth the mismanagement and that's fine, too.

We all do things like this: eat out instead of brown-bagging, etc. But I'll be damned if I'm going to have an $800 truck note for the rest of my life. Hell, why not lease at that point?