Putting $$$ into an old truck vs. depreciation on a new one

I guess that is an option, so long as there isn't anything in the loan about an early payoff.

 

Oscar you would be surprised at the dummies that pay more to be a so-called O/O....I heard many paying 17% +...

 

I think you answered your own question. Fix up the old one that gets better mileage, you will put less money out and have a better return.

 

I am going to upgrade to a new truck. Would rather have the peace of mind of warranties. Plus I run california.

 

I know it, I have brother that bought a used minivan on an 84 month loan once, and was pissed when it got repo'd, I was laughing at him when he told me all this and then asked what the interest rate was, he wouldn't say and walked off.

 

Think I saw someone in another thread mention 2.79%. But that was a Home Equity loan or HELOC? Someone else mentioned the 4% range, makes a difference. That said, if you do not nor will not NEED the emissions to get to some places, thinking I would rebuild it. Do you run state side at all? If so would it be cheaper down here labor wise? Not sure how or if that works at all. Just know things get more expensive north of the border.

As far as the 84 month loans mentioned above, some mfg's are running half ton pick ups out 84 months to get them sold. You can only imagine what is going to happen in another 50-60 months when the proud owners are tired of their now jalopie vehicles with another 24-34 months yet to go...

 

just priced a new mack volvo rates are 5.5 for 5 years and 6 for 6 years. It a 2013 they would give me 5 year 500000 mile bumper to bumper warranty because being left over 13 model.