PatJ

The only problem with that is the new trucks don't seem to last as well. My parents have a 06 2500 and its already at the point where you'd wanna start thinking about going to the body shop to take of the cancer before its really bad

TIMMY22

100% true Bearkiller...I've always said, the key is no payments!

Keep the bank out of the picture, break the payment cycle buying things outright and it's amazing how fast and affordable everything becomes.

If you can afford it with interest, you can afford it without!

If one buys a $40,000 truck lets just say.

At let's just say 7.5% interest for 72 mo.

Using my Handy Dandy loan chart...

$691.60 per mo. for 72 mo.

$691.60 x 72= $49795.20 payed back to the bank...

So, in essence you payed $49795.20 for a $40,000 truck.


Add taxes and extra insurance and your up close to $60,000 over the life of the loan.

Keep the truck and work it for 6 years and your lucky to get $7000 for it.

Guess what! You just lost $53,000 dollars to drive that new paint for 6 years!

Hey, I'll keep driving my old ride too. Paid $4000 for it 3 years ago and after 6 years I could roll if off a cliff and I'm way ahead.

soggy

Where are these 05 dodges for $7000?? I'm going to buy a couple.

I agree with most of what you said, but your resale price is ridiculously low.

PatJ

Yea around here its hard to find any dodge diesel less then 10k. Pretty much the only one less then 10 are the first gens. There is the odd new one but they've been beat to hell

Rampage1967

Well, lets say you sold the truck for $15,000.00 at the end. You still got soaked to the tune of $45,000.00 to have that shiny paint & fancy interior.

Rick 12v CTD

Just do what I did, find a ford cummins that's already built for $13k!!

Dang nice truck too. I still got the orginal sale slip on the truck too. Truck back in 03 when it was sold, sold for over $48000.
I got it with a cummins, built auto and about 450+hp for $13k.

Not sure a better deal could be had.

flaxy

Didn't find this thread 'til now. Great story Bear Killer. A couple of years ago, my husband and I had just bought a '93, extended cab, auto (couldn't find a standard at the time) 4x4 for $5,800. It ran great, body was a little rough. We were working cattle and one of the "kids" working for us had just bought a brand new Dodge for $40,000+. Of course, he wasn't taking it in the pasture to pick up cattle (neither would I with those payments) and he was riding with us. He remarked about how well the truck ran and how comfortable it was. Paul just looked at him and said "Yep, I know, and just think, this truck cost about what the tax and registration cost on that new truck of yours." You should have seen his face, I swear he turned green. Still have the truck, and yes it has needed work from time to time, but sure beats being chained to truck payments and high insurance!