I have a personal conflict about buying a new truck right now. My Nissan Sentra has 160,000 miles on it and I am waiting for it to die. Chances are it will take me to 250-300,000 miles though. Except I am getting pumped about a new vehicle and a pickup truck to boot.
I can afford the truck right now after paying mortgage, bills, etc. without having to put down a down payment on a Double Cab Sport Long Bed. However I wouldn't be able to save as much, of course.
Does anyone know a good rule of thumb or reasoning for savings vs. buying a new truck. When does the truck cost too much?
If I go by my wife she thinks I deserve what I want and she knows I won't break the bank selfishly. So let's keep responses to concrete objective numbers. % cost of mortgage/car payment/savings etc.