Re: How much is your car payment?
Buy used and cheap, you can make a lot of repairs for $300 (approx) per month.<br /><br />Three people get rich when you buy new...<br /><br />1) the dealer (no explanation here<br /><br />2) the finance company (interest)<br /><br />3) the insurance company (premiums are higher on newer vehicles)<br /><br />When you buy a new and expensive truck, you'll probably go 4-7 years for financing. After all those years of making $350-500 monthly payments so you can have a trouble-free "new" vehicle... it'll be time to start making serious repairs that will cost you $$$.<br /><br />I honestly don't feel there is any benefit to buying a new vehicle... you may save repair costs in the first few years, but you've got the payment anyway so where is the savings????<br /><br />We drove a used forest service truck ('77 dodge d100 with the slant 6 engine 4 speed shortbed puke green color) for many years because it did the job and was cheap.
