Should I continue to repair truck or trade it in?

heavyhaulerss · Sep 14, 2014

still in my 1st truck over 15 years over 1.6 mil miles. 1 inframe at 1.5 mil. still going. 6.5 m.p.g. ave. paid $15.000 cash when I bought it. ser 60

30 Minutes · Sep 14, 2014

Its a Detroit 12.7 . The tranny is super 10. It is over 1 million miles. It was 700000 when I got it.

heavyhaulerss · Sep 15, 2014

mine is a super 10 also. bought mine with 400,00 miles. it is a 11.1 det.

cnsper · Sep 15, 2014

Dr_Fandango44 said: ↑

A friend of mine just had a total rebuild on his Cat. Cost him $29000 smackeroos. Oh and then his tranny went south. That cost him another $9000. All work done by a Cat dealer and at least he got a 4 yr warranty. Well heck at least it's tax deductible. Another buddy of mine, his Engine blew up in LA, would cost him $25K so he fixed it, but bad timing because he got a tax bill 3 mths previous for $15K !! Life sucks sometimes. And he takes care of his truck.
There's no getting away from an old truck being a bottomless pit for your hard earned $$
you have a difficult decision to make my friend especially if your credit is questionable. If you don't fix your present truck and it's maintenance free, then guess what ?? The man at the IRS will glad perform open wallet surgery on you in the name of taxes. A friend of mine just recently got a tax bill for $36K and had one heck of a fight to get it reduced to $12K.
So I know what I would do but that's me. I would go in a different direction from most of these opinions because I absolutely despise giving any tax money to those clowns in DC just so they can spend $$ like a drunken sailor. I like the smell of a new truck, don't you? But that's me. I use my new truck purchase as one more significant tax avoidance scheme, perfectly legal. The more, the merrier. You have to go with your gut. You might not like a truck payment but that to me is old fashioned thinking. I'd rather do that than pay the IRS. Good hunting.
Click to expand...

So by your thinking, you would rather give a bank say 10k in interest instead of 3k to the irs and pocketing 7k?

A reman 18 speed costs $4,800 so the guy that paid 9k got ripped on the labor. Hope the at least provided the lube.

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