No one should buy aluminum body trucks...

[Cadcom]

Unfortunately some people take the 84 month route to get a payment they can manage to help them keep up with the Jones. I thought 72 was as long as it went, then out came 84 months. I am waiting on mortgage companies to just pick up car notes on 15 and 30 year terms at this point.

They might have to. Some of the higher end trucks and SUV's are going for what I bought my first house for.

 

[biker_bill]

They might have to. Some of the higher end trucks and SUV's are going for what I bought my first house for.

I know right!

 

[NWSharpshooter]

Unfortunately some people take the 84 month route to get a payment they can manage to help them keep up with the Jones. I thought 72 was as long as it went, then out came 84 months. I am waiting on mortgage companies to just pick up car notes on 15 and 30 year terms at this point.

I recently saw an offer for 96 months.

 

[Wallace's]

There are a few exceptions. But nobody I know is popping for one of those as an investment. For the masses it's a quick and hard depreciation on a new vehicle.

Agreed, with the most probably being with any luxury full size sedan or SUV.

 

[biker_bill]

I recently saw an offer for 96 months.

8 Years! Jeez!

 

[Wallace's]

They might have to. Some of the higher end trucks and SUV's are going for what I bought my first house for.

I paid $68k for my current house. That would barely get me a descent new 4x4 F-250. I was literally about to buy a new Sierra with the 6.2 a couple months ago and then it hit me.....what the **** am I doing? Over 5 years, I would literally have pissed away about $20k from just depreciation. I'll just drive what I have now until a great deal comes along.

 

[biker_bill]

I paid $68k for my current house. That would barely get me a descent new 4x4 F-250. I was literally about to buy a new Sierra with the 6.2 a couple months ago and then it hit me.....what the **** am I doing? Over 5 years, I would literally have pissed away about $20k from just depreciation. I'll just drive what I have now until a great deal comes along.

Yep I'm planning on keeping the 2006 running until I die, lol, cause the price of a new truck would take me out.

 

[Wallace's]

I recently saw an offer for 96 months.

Wow, Imagine the finance charges on that because you know there is no way in hell its going to be 0% or even 2%-3% for a term that long.

 

[palmettomoon]

I recently saw an offer for 96 months.

 

[palmettomoon]

Wow, Imagine the finance charges on that because you know there is no way in hell its going to be 0% or even 2%-3% for a term that long.

In the example above I think you'd end up paying about $13,000 in interest on a $54K truck at 3% for 96 months.