Every guy "needs" a new truck.....................Keep up the pressure.
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Is 223,000mls to much?
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Keep the truck... replace unreasonable wife...
Settle down I'm just kidding...kinda of.
I'm with the group to say keep it. Start paying yourself $600.00 a month into a savings or money market account and call it truck replacement account.In one year you will have saved $7,200.00. Wanna guess how much you will have in years two and three? Once you've saved a sizable amount you can go pay cash for one.
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Originally posted by Sackett View PostInstead of going out and buying one right now, keep your truck and drive it. Each and EVERY month put $500 (Or what you think a truck note would be) into an account. Since you're wanting to buy one now, pretend you did financially and keep driving your paid off truck. If and/or when your current truck breaks down to the point it won't be worth fixing, hopefully you'll have enough to pay cash for a new one.
223000 ain't bad. At your rate of mileage driven, I'd bet you have another 2 years at least of good luck left. I've got a '04 F150 with 250k and I'm keeping her till the wheels fall off.
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Originally posted by Sackett View PostInstead of going out and buying one right now, keep your truck and drive it. Each and EVERY month put $500 (Or what you think a truck note would be) into an account. Since you're wanting to buy one now, pretend you did financially and keep driving your paid off truck. If and/or when your current truck breaks down to the point it won't be worth fixing, hopefully you'll have enough to pay cash for a new one.
223000 ain't bad. At your rate of mileage driven, I'd bet you have another 2 years at least of good luck left. I've got a '04 F150 with 250k and I'm keeping her till the wheels fall off.
We have 3 vehicles, 105K 2000 BMW Z3, 170K 2006 Chrysler Sebring, and 260K Dodge 5.9 2500.......... we figure with a bit of maintanance and a few fixes here and there it is much cheaper than a new car payment and we know everything about them and what to expect.
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I would keep it. I bought my 05 Silverado new. It now has 269,000 on it and I just had the first part failure last week, an alternator. The truck even told me the minute it went out on the screen. Drove to the part store picked up a new one. Went home and replaced it and was only 30 minutes late for work. Those are good trucks. My electrician has 450,000 on his.
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Originally posted by limbratgod333 View PostTrying convince the wife I need a newer truck I bought I've had this for 11 years now bought it brand new. She's against it for some odd reason I keep telling her it could go down any day now and if it does I won't get anything for it at all. Its not the engine giving me issues but components that are going out what's yalls thoughts?
2001 a Ford Exolorer
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My opinion would be, if the engine is solid, and it's just requiring maintenance that doesn't exceed a new car payment, keep it as long as you can. Make car payments to yourself into a savings account (that you don't touch for anything) instead. When your transportation becomes unreliable and/or maintenance exceeds the value of the vehicle (which includes a new vehicle payment) then you should be able to purchase a new ride in cash.
Or, at minimum, have a spectacular down payment.
We have a 1999 Ford Exploder Sport that has engine oil pressure issues, a water pump issue that just showed up, and now has started leaking oil. 176k on the clock. I'm not fixing her. I'll add fluids and complete normal maintenance but when she dies, she dies.
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Originally posted by UNTMatt View PostMy opinion would be, if the engine is solid, and it's just requiring maintenance that doesn't exceed a new car payment, keep it as long as you can. Make car payments to yourself into a savings account (that you don't touch for anything) instead. When your transportation becomes unreliable and/or maintenance exceeds the value of the vehicle (which includes a new vehicle payment) then you should be able to purchase a new ride in cash.
Or, at minimum, have a spectacular down payment.
We have a 1999 Ford Exploder Sport that has engine oil pressure issues, a water pump issue that just showed up, and now has started leaking oil. 176k on the clock. I'm not fixing her. I'll add fluids and complete normal maintenance but when she dies, she dies.
This. Pay yourself the payment.
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