approved for a truck

I think your nuts,.....

If you don't have the cash to buy the truck outright keep saving until you do,..

Just my opinion,....

 

Looks more like 50% to me if you are paying 17500 2760 down leaves 14740 but you are going to be paying 27540 in payments so you are right the prices of the truck is 30300 almost 50 percent more i would run.

 

That interest rate is crazy man....look into your local bank or credit union if your set on that truck....try to avoid dealer financing if you can no matter what you are buying...

 

How old is the truck? How many miles?
My biggest question is why would you finance $14740. for 60 months? There is nothing wrong with buying a cheap truck...but I would try and pay it off as fast as possible. You wouldn't want to be paying on a truck that has bit the dust!

 

If you do go for the truck pay it off in 14 to 18 months any longer would be crazy.

 

coole99 that there is loan shark rates. Due to the economy the market is flooded with used trucks. Yes the banks are a little tight on lending, but if your credit is a less than perfect or completly FUBAR; get yourself a cosigner like your grandpappy if he be 85 years old. You have to think like the bank. Don't let that road own you, at a 17k truck you can expect some maintainence. Have that gig lined up on paper whoever you are going to be pulling for, you are a business; so make a business plan before you sit down in front of a loan officer. You WILL succeed.

 

Why give banks money? Do not pay it off fast, this has always been the mindset. You are not going to keep it. Just use it; pay as little as possible. Pay off the truck you are going to keep, not this one. Negotiate the lowest intrest rate, and the lowest payment and trade this truck in a year or so.