Let me ask you as I am always curious. Do you truck owners ever have problems financially? I ask this because lets face it. Trucks are expensive. Second question. Who out there owns their truck free and clear from 2012 or newer? Out of all the vehicles I see bought new I think trucks irritate me the most (second is the smaller suv's but we will get to those later) I get a little bit frusterated when I see new trucks on the road and here's why. I Think you're lying. I also think your selfish. I think you're lying to yourself , lying to the world and are selfish towards your family and your future. You tell the world that you have it good. You don't have any financial woes and can withstand an economy downturn. Your not going to need any assistance of food or housing if you were to lose your income. (which is a bunch of bull crap because I can pin point a blog that talks about shopping at the Bishops Storehouse with a couple who came there in a brand new truck) For those of you who have paid off your truck and have funds to back up emergency if they happen you can stop reading now. For the rest of you truck owners lets examine how much you are potentially paying per month on your selfish purchase. Again this is for 2012 or newer. I still consider alot of truck owners who have older trucks selfish and deceivers but for this sake I think I'll take an argument I have a fighting chance of winning. In an earlier post I showed you that if you had a truck loan for 18000 dollars you would think you're paying around 360 dollars a month but in fact you're actually paying closer to 600 a month when you calculate every expense of the truck but there is one expense I forgot to add to that calculation. I totally didn't even think about it till last week. That's tires. You will need to calculate a new set of tires every 18 -24 months which will be around 500 dollars and being friendly I'll calculate it at 24 months which puts your grand total of an 18000 truck of about 619 bucks and some change for an 18000 truck. (I also want to add that i had a brother buy new tires for his expedition and that was nearly 800 so that price might be low) BUT and I did write a BIG "BUT" a 2012 or newer truck is not going to cost 18 k it will probably cost more like double. Let me repeat that DOUBLE! more insurance more monthly payments and you don't think your selfish. A 36000 dollar will put your payments at 640 a month if you had good credit. Take in calculations like fuel tires insurance registration and maintenance and that truck easily cost at least 1 thousand a month to maintain. That's not selfish? I know of at least 1 person who fits this description. He earns about 2400 dollars take home pay. Half of it goes to his truck and that's not selfish? At least to his future? I have a brother in law who bought a 2012 SUV. He makes 80 k a year and wants to buy a house but he first bought that. Last week his wife asked for a loan to go to Disneyland because they couldn't afford to go. He's not being selfish? Especially to his kids?. Just because you want the best for your kids doesn't mean that getting the best will be the best for them. Security first then the best.
If you chose to buy a truck make sure it doesn't interfere with your security! Again trucks are expensive. Think about it before you purchase and again per my Car Payments Anonymous group rules only a 5000 dollar loan amount max if you chose to purchase. Otherwise stay out of debt and stay ahead.
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