Dont know where to stick this at. I recently bought a truck put down $25k down truck is worth $57k including warranty. I have another $3k to spend seeing that i am getting rid of my truck and selling the rubbers. So i will get this money after the sale from a friend. I was wondering if i should put it towards the Truck and pay a few months. Or should i pay off the lease of my car which has 15months left. Giving me a little room at the end of the month about $190. If i put it towards the truck i will only see about $60 off my monthly payment. My goal is to pay the truck loan as fast as i can. There might be a straight answer to my question. Which i am not seeing.
Financial help
Discussion in 'Trucker Taxes and Truck Financing' started by melsno, Feb 11, 2016.
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I would pay it towards the car, from what you said it frees the most money up & it gets rid of a prier comment. This will free money up each week to put back into escro just in case. If you save this money & you can always double a monthly payment towards interest this will pay the truck off just as fast. Maybe faster depending on bal...
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Why don't you just use the money you have to pay cash for a good used truck? You save the interest and don't have to worry about making payment on the truck.
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alien4fish Thanks this.
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Keep it in your piggy bank. You may need it.
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