This is how I feel about my 2008 Ram. I love the thing. Heck, thanks to some deployments and increased driving of my "beater" 2005 Accord, I haven't even hit 100k on it yet. It's gonna last a long time at this rate.
This is how I feel about my 2008 Ram. I love the thing. Heck, thanks to some deployments and increased driving of my "beater" 2005 Accord, I haven't even hit 100k on it yet. It's gonna last a long time at this rate.
I don't think you're dumb.. Every time I see the cost of a brand new truck, I think more and more I'll probably never buy a brand new one. I bought my 2005 when it was right at 5 years old.
And if you paid for all of that outright, then you are probably already ahead. Save up what you would have made in payments, and by the time you'll need to spend a lot, you'll have it. As opposed to paying years worth of interest on something that is losing value by the day...
The biggest negative is probably worse gas mileage. But you knew that getting a suburban. Haha.
And if you paid for all of that outright, then you are probably already ahead. Save up what you would have made in payments, and by the time you'll need to spend a lot, you'll have it. As opposed to paying years worth of interest on something that is losing value by the day...
The biggest negative is probably worse gas mileage. But you knew that getting a suburban. Haha.
I did not want a 67 to 72. Yes it would have been a better investment but not what I wanted. What I wanted was either a new burb on a 90's. I did look at a few late 80's but just did not find the right one. And for everyone who wants to know about financials it is all cash. I'm out of cash now though for this project. I will have to earn more. Hopefully it runs good for just a little bit.
Have no regrets, then. I like it when people keep old vehicles on the road. It's a Chevy 4x4 with one of the most common engines ever made. They take parts that will always exist everywhere. It probably won't cost you much to keep it on the road from here on out.
I think new truck and SUV prices are beyond stupid. Especially the large domestics. They are so far out of pace with nice, new 2 and 4 door cars it's absurd. They've just become a status symbol for soccer moms, rednecks, and 'business owners' that like to be seen in new $50-$75k rides every year or two.
It's your money, do what makes you happy. Life isn't about working your ass off so that you can die with a million dollars in the bank.
Agree w/whatever floats your boat. New trucks are ridiculous on their prices and they can keep 'em...
my son recently bought a used Denali that should last awhile. His Tahoe lasted a long time.
my son recently bought a used Denali that should last awhile. His Tahoe lasted a long time.
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I voted bad idea. I don't think you did anything dumb per se but you could have bought a classic 60s 'burb, put the same amount of money into it and really have something. As it is you've got a pile of money in a cookie cutter vehicle that will continue to nickel and dime you in the future. Peace
Most likely a wash either way. Too many unknowns.
Buy the old car, put a chunk into it, and it continues to eat money for repairs, you lost. If it doesn't take much more after that, and becomes a "desirable" old car (it will be over 25 years old in 6 years), then you're ahead.
IF you bought the new car, and invested the $10k (gonna have up front costs, TTT, extras most people end up adding), and you do well on the investment, and it doesn't need any repairs outside of warranty, you're ahead on the new car.
Either purchase could be better or worse than the other. It just depends on whether you'd rather be $50k+ in debt and drive a newer vehicle or not.
Buy the old car, put a chunk into it, and it continues to eat money for repairs, you lost. If it doesn't take much more after that, and becomes a "desirable" old car (it will be over 25 years old in 6 years), then you're ahead.
IF you bought the new car, and invested the $10k (gonna have up front costs, TTT, extras most people end up adding), and you do well on the investment, and it doesn't need any repairs outside of warranty, you're ahead on the new car.
Either purchase could be better or worse than the other. It just depends on whether you'd rather be $50k+ in debt and drive a newer vehicle or not.
