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How much do you owe?

Discussion in '3rd Gen. Tacomas (2016+)' started by JCOOR, Feb 24, 2019.

?

So how much do you owe on your truck?

  1. Zero! I’m rich bitch!

    39.6%
  2. A little

    20.8%
  3. A lot

    35.6%
  4. I’m so ass backwards it ain’t funny

    3.6%
  5. Nothing I got rid of that POS

    0.4%
  1. Mar 13, 2019 at 12:01 PM
    #321
    TacoBella

    TacoBella Well-Known Member

    Joined:
    Sep 30, 2011
    Member:
    #64421
    Messages:
    2,337
    First Name:
    Tom
    Vehicle:
    16 4Runner Premium
    Running boards AVS in channel vents SpareBumper AVS Bug Deflector.
    We paid cash for our home and it's like getting a raise of 1200 a month tax-free. There are a few instances where one should not pay cash . I lease the wife's vehicles and pay cash for mine IF the interest rate is less than 2%-3% I HATE paying interest and in fact avoid it at all costs if it supersedes investment returns.

    Over the past few years, it has been good to have investment money and 1% rates on 36-month loans. Whether you pay cash or not the truck has a monthly readjustment in value. Even if one has the pink slip from day one a vehicle is STILL costing xx dollars a month in depreciation.

    There are a few instances where it is not smart to pay cash, IMHO debt-free living is the best way to go. When possible. Use cheap zero percent money.

    One can ALWAYS get a mortgage and or a loan on vehicles if the money is needed otherwise. When one pays cash , one has lots of options.
     
  2. Mar 13, 2019 at 12:24 PM
    #322
    4BYTOY

    4BYTOY Active Member

    Joined:
    Feb 11, 2019
    Member:
    #282629
    Messages:
    42
    Colorado Front Range
    Vehicle:
    2018 TRD Off Road
    Sounds the same as me. The Tacoma is paid off and I have a Mustang GT in storage until the spring. The Mustang is my fix for speed.:burnrubber:

    4BYTOY
     
    jeffthedude and NunyaBizness like this.
  3. Mar 13, 2019 at 12:33 PM
    #323
    Blackdog999

    Blackdog999 Member

    Joined:
    Feb 13, 2019
    Member:
    #282958
    Messages:
    12
    Gender:
    Male
    NJ
    Vehicle:
    2018 TRD Sport

    Exactly this. I owe my savings account a lot of money that I will put back into it over the next 2 years.
     
    NunyaBizness likes this.
  4. Mar 13, 2019 at 1:34 PM
    #324
    Bullnettles

    Bullnettles Well-Known Member

    Joined:
    Mar 9, 2017
    Member:
    #212761
    Messages:
    514
    Gender:
    Male
    First Name:
    Jared
    Houston
    Vehicle:
    2017 OR DCSB
    Holy shit man, how're you doing?
     
    Inferno! and Hank Heel like this.
  5. Mar 13, 2019 at 1:47 PM
    #325
    Dkurtz42

    Dkurtz42 Bill Hwang

    Joined:
    Aug 31, 2018
    Member:
    #264772
    Messages:
    1,056
    Gender:
    Male
    First Name:
    David
    Barberton, OH
    Vehicle:
    2018 Tacoma DCLB TRD SPORT 4x4
    4” RC lift 20 x 9 fuel assault wheels 33x12.5x20 Trail Grapplers Upgraded Audio w/ 2 -10” JL subs
    Always had a mortgage...have about $150K equity on a 400K house...still a healthy balance. If the wife would let us, I’d sell the house, use the equity to buy a very decent house for less than 150k. We could save and pay cash for a similar 400k house in 7-10 years if she would just have the foresight to live simply for a while. Instead I’ve got 25 more years of payments.
     
  6. Mar 13, 2019 at 2:16 PM
    #326
    Htown0666

    Htown0666 Member

    Joined:
    Sep 25, 2017
    Member:
    #231120
    Messages:
    8
    Gender:
    Male
    Zero
    I could have bought 2
    V6 4x4
    And that was from one of my checking accounts

    I'm not rich and don't own a home
    Just single
    If I can't buy it with cash I can't afford it
     
    Blackdog999 likes this.
  7. Mar 13, 2019 at 4:29 PM
    #327
    TacoBella

    TacoBella Well-Known Member

    Joined:
    Sep 30, 2011
    Member:
    #64421
    Messages:
    2,337
    First Name:
    Tom
    Vehicle:
    16 4Runner Premium
    Running boards AVS in channel vents SpareBumper AVS Bug Deflector.
    We did that twice when the markets went crazy. Sold a home in San Diego in the 90s and bought two 120K homes in Las Vegas for 40K down. Sold both homes in 2005 for $590K Profit during the home bubble in Vegas. Moved to SCarolina, had a home built and have been cash and carry since. Property taxes are paid with couch change. LOL
     
    Bullnettles, Inferno! and Dkurtz42 like this.
  8. Mar 13, 2019 at 8:20 PM
    #328
    JCOOR

    JCOOR [OP] Well-Known Member

    Joined:
    Dec 4, 2018
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    #274834
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    1,398
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    Male
    Vehicle:
    TRD Burglar
    I drove shitty old vehicles while I built my house so that helped a lot. I hadn’t had a car payment in about 4 years before buying the 4Runner and with the super low interest rates it just made sense to keep that money liquid
     
    Inferno! likes this.
  9. Mar 13, 2019 at 8:23 PM
    #329
    JCOOR

    JCOOR [OP] Well-Known Member

    Joined:
    Dec 4, 2018
    Member:
    #274834
    Messages:
    1,398
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    Male
    Vehicle:
    TRD Burglar
    And sorry to hear about the health issues. I wish you the best
     
  10. Mar 14, 2019 at 5:35 AM
    #330
    St1fler

    St1fler Well-Known Member

    Joined:
    Dec 23, 2015
    Member:
    #172931
    Messages:
    69
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    Male
    yes mortgage was $3200.... now its $0
     
  11. Mar 14, 2019 at 5:38 AM
    #331
    St1fler

    St1fler Well-Known Member

    Joined:
    Dec 23, 2015
    Member:
    #172931
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    69
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    Male
    I financed it originally (october 2017) quickly realize I was wasting money, paid it off December 2018.... so yes you are technically correct.... but it is paid for in cash. I should have done it from the get go.
     
  12. Mar 14, 2019 at 11:58 AM
    #332
    MidCitiesMildMan

    MidCitiesMildMan Well-Known Member

    Joined:
    Dec 21, 2016
    Member:
    #205391
    Messages:
    322
    Gender:
    Male
    Vehicle:
    2017 Toyota Tacoma Limited
    Stock and staying that way

    It was a good bonus year at work. Taco should be paid off by October, and house by March 2021. It will feel good to be debt free, but I want to buy a 2021 Shelby GT500 Mustang, so it might not last long lol.
     
    Dkurtz42 likes this.
  13. Mar 14, 2019 at 1:22 PM
    #333
    1911tex

    1911tex Well-Known Member

    Joined:
    Sep 11, 2018
    Member:
    #265918
    Messages:
    417
    Vehicle:
    2018 Silver Metallic Limited
    Nada, zilch, nothing and it feels sooooo good! And it's going to stay that way for years to come!!!
     
  14. Mar 14, 2019 at 1:25 PM
    #334
    mjs90

    mjs90 Well-Known Member

    Joined:
    Jun 8, 2018
    Member:
    #255852
    Messages:
    283
    Los Angeles
    Vehicle:
    ‘18 2.7 AC 4x4
    If I didn't get 1.9% I would've bought a Corolla straight cash instead of my Tacoma lol.
     
    JCOOR [OP] likes this.
  15. Mar 14, 2019 at 1:31 PM
    #335
    MidCitiesMildMan

    MidCitiesMildMan Well-Known Member

    Joined:
    Dec 21, 2016
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    Stock and staying that way
    With median household income somewhere in the lower $60k per year range, many people cannot save up 20% to put a downpayment on a house, much less save the $200k+ it takes to buy one outright in most cities.
     
    Inferno! likes this.
  16. Mar 14, 2019 at 2:16 PM
    #336
    King Kermit V

    King Kermit V Well-Known Member

    Joined:
    Jan 6, 2019
    Member:
    #278336
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    Gender:
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    First Name:
    Kermit
    Miami, FL
    Vehicle:
    2018 Black Tacoma SR5 DCSB
    Taco sauce
    This thread has inspired me to save money. Sips on Starbucks and cries a little.
     
    Dkurtz42 likes this.
  17. Mar 14, 2019 at 4:26 PM
    #337
    Garmin2019

    Garmin2019 Active Member

    Joined:
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    #279153
    Messages:
    39
    Gender:
    Male
    Vehicle:
    2019 Tacoma
    3 Rough Country Strut Lift CBI T3 Pushbar
    Not rich, but paid cash for my 2019.
     
    mgmdclb likes this.
  18. Mar 14, 2019 at 5:32 PM
    #338
    JCOOR

    JCOOR [OP] Well-Known Member

    Joined:
    Dec 4, 2018
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    Messages:
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    TRD Burglar
    But they can spend $ on cable,internet, cell phones,vacations, restaurants and car payments. With prioritizing it’s amazing how much you can save with a modest income and still have fun along the way
     
    Inferno!, StayinStock and mgmdclb like this.
  19. Mar 14, 2019 at 7:02 PM
    #339
    MidCitiesMildMan

    MidCitiesMildMan Well-Known Member

    Joined:
    Dec 21, 2016
    Member:
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    Messages:
    322
    Gender:
    Male
    Vehicle:
    2017 Toyota Tacoma Limited
    Stock and staying that way
    I hope when I'm debt free in a couple years, I'm not a douchebag about it. Everyone chooses their own path in life.
     
    RocTaco likes this.
  20. Mar 14, 2019 at 7:05 PM
    #340
    JCOOR

    JCOOR [OP] Well-Known Member

    Joined:
    Dec 4, 2018
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    Messages:
    1,398
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    Male
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    TRD Burglar
    Are you saying you’re hoping to rid yourself of douchebagness?
     
    Inferno! and StayinStock like this.

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