2017 TRD Pro Trade In

He may have a one dimensional view of finances?

I could've paid off my truck in the 1st year of ownership but instead used the cash to invest which in the long run will benefit me more.

 

so what is someone's lease is ending now and they want to buy/finance the truck and the purchase price is several thousand less than book value of it and they get around 5% INT rate loan and they have money invested at 7-8.5 % ....... do they have a hole in their head?.....do they give that profit to the lease company and go buy another car?

 

I’m curious too - a loan isn’t inherently a bad thing? Sure, stupid people do stupid things, but that’s always the case. ROI can be looked at from multiple different perspectives. And I get it, some people just don’t want a car payment, but why would I give up $35,000 now when that $35,000 might make $10,000 in a year? It will at least cover the interest I’ve paid in a car note. Sure, I might pay $2,000 in interest, but the math still wins. Worst case some other life altering event comes around, and I still have that liquid cash to cover the bill.

 

Good point. I’ve dealt with hitting my head a bit, but I guess I haven’t done it enough to completely annoy me yet. And yes - love the truck, especially love having a 6spd. Any RTT recs? I’m going to look into a trailer and RTT and see where that takes me. Would love to find someone local who has one or the other so I can get a better idea.

 

The loan gets you into the truck.

(For Borrower) Make sure to make timely payments and then pay it off--there shouldn't be a penalty for early payoff.

I believe an early payoff helps your FICO score too?

Maybe some people don't wanna pay miniscule interest that gets them in a vehicle?

It's really about what works for the individual.

 

I personally do not own a RTT but I've been looking at this one. Also another thought for bear country I've seen a bear rip a door off a truck with no issue. So one getting into a camper shell wouldn't be hard. Bears can sometimes be a bit awkward and clumzy. So in theory it maybe a little more difficult for a bear to get to you in a high mounted rtt vs a camper shell.
https://overlandvehiclesystems.com/Sherpa-roof-top-tent

 

Bears can climb really well, a rtt is just an elevated feeder.

A dog that’ll bark and wake you up would be a better investment.
My buddy had a bear open the door on his Colorado looking for food while parked at home…..also had one enter his house while he was home…..his 20lb dog barked up a storm and chased it out.