Best Truck Mod….

[BearTacos]

Agreed, at 7.5% there's not a lot of investments to compare which don't have substantial risk.

Presently Southeast Toyota is offering 2.99% at 36 month, and my credit union offers 4.45% at 48 month. Those have more options for better rates in conservative investments.

As for personal debt, all I owe on anything is my house. My 2017 3rd gen financing was paid off years ago, and I'm shopping 4th gen now thanks to getting rear ended and expecting it to be totaled. I'll use debt when it makes sense, but always have relatively liquid funds to pay things off if it became necessary.

That's pretty good. I traded a 19' f350 limited with 150k miles of towing and deleted turned up with no emissions for 50k off my Pro. Pretty famn good price I only had 14k difference on my new one. Yes diesels are good for many more miles but its my " nice truck" I dont keep them past 5 yrs 120k miles. I have other vehicles I can do without. Plus at 150k on a diesel repairs are gonna be 10k fuel system, transmission etc and they get speedy to maintain. Im loving having a new taco, mine have always been beater secondary vehicles.

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[SilverSurfer]

I bought my taco at 3.9 for 72, but never intended to carry a note more than 6 mos. I could write a check for it, but being married and buying an unneeded 4th vehicle, I decided to cash flow the purchase until paid. I own my home so I have a good sized shovel to throw at discretionary purchases.

 

[DENNISD]

I bought my taco at 3.9 for 72, but never intended to carry a note more than 6 mos. I could write a check for it, but being married and buying an unneeded 4th vehicle, I decided to cash flow the purchase until paid. I own my home so I have a good sized shovel to throw at discretionary purchases.

Just out of curiosity, why did you take such a long term loan out for only 6 months? I would assume that the day you took said loan out, the rates on a shorter term would have been lower thus saving you some cash in the end?

 

[SilverSurfer]

I understand your thoughts on this and normally you would be correct, but at the time, It was the best rate at any term length for financing. The rate and term gave me options, but I ended up paying it off in 4 mos. because I generally dislike debt on discretionary purchases.

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