How much do you owe?

We all know vehicles are not “investments” 99.9% of the time. I bet some decent % of people would do better not to own at all...chosing ride share and if available transit. (Ok a hard sell in the US). So, for many it is essentially fiscally irresponsible to purchase all but basic transport, thus unless we are spending true disposable income we are all irresponsible.

My current truck was purchased for cash as there were no 0% financing and I am guessing the market is plateauing a bit. These savings were conjured from after savings for a proper retirement, home and kids education funds and took 15 years to collect including the capital gains on said savings.

If I followed my own logic I should have bought a used and serviceable Camry or Civic. Regardless I wanted a kick ass Taco so blew my wad.

 

Paid cash, no loan.

 

I paid mine off 38 months early last week w/my refund.

 

come on guys there’s no reason to not go full in. i see us touching briefly on credit cards we need more back and forth to really make this into a financial godwin’s law scenario.

we can do it!

 

At least in spite of your irresponsible decision you chose the best color

 

I owe about $22k on my 2017, but at 0.9%...so in no hurry. I'm just dropping minimums on it every month and waiting on the next gen Land Cruiser. Just don't know whether to keep the Tacoma or not once it's time to jump. Leaning towards keeping it for a foul weather/farm vehicle.

 

Irresponsible and stupid are mutually exclusive...I think.

 

Agreed. Stupid in my opinion would be someone that finances something and it gets repo'd.

 

LOL.... if you met me, you’d get it!
Being off work this long is my living hell!!! Not to mention I also love my job.

 

Like $11k. My company pays for half

 

Me too, I paid cash. Sorry.

My version:
"If the guns in your trunk are worth more than the car, you might be a redneck."
Or something. Maybe I just have different priorities.

Anyway, that was true before I got rid of the shitty Malibu.
Don't tell my wife.

 

The Tacoma was my first new brand new vehicle. Looking back I would’ve preferred to knock school out first but don’t regret having my truck. Still about 18k left, should be paid off within the next 2 years right as I graduate from college. Plan is to pay off the truck and then focus paying off my school loan. Make payments on school loans for a year, maybe two if I really need it and save at the same time and then pay off in one lump sum since I’ll have about 20k for my school loan.

 

This and people tend to inflate or create their own perceptions of reality on the interwebs. I'm betting alot of people here financed with 0 down and put $5-10k on plastic to build their mall crawler to keep up with the TW joneses.

 

This thread is comical, full of financially responsible third gen owners who are either on the cusp of paying off their taco or have completely paid it off. Might as well have limited responses to responsible owners only.

Don’t think the average owner who financed for 5-7years are going to post their status. Where’s that 18 yr old who posted his own thread a few weeks ago?

 

As a backup I also am making double payments a month ($1000) that way I can just beat this balance down. So hopefully by end of 2020 it will be paid

 

Well by god, whether we blew a wad of our savings or in debt up to our ass we all wanted a Taco and found the means to get the SOB!

 

Paid cash for my 2018 Limited. I had some time to save up as I traded in my 2004 4Runner. It is a good feeling knowing that it is paid off.

 

Owe nada. I’m broke tho. So there’s that..

 

Take that title in and pawn it today and you can be eating Sizzler tonight

 

The sizzler joke wasn’t funny the first time, and still isn’t the 5th time.