VA10
Senior Member
I suggest that you take a longer look at what you're doing. The only reason you are lowering payments is because you're giving something up- you're buying a truck with nearly double the miles. At to that amount the amount that the dealer is going to make on the deal- they're not in it for free. You're probably extending the term of the loan, too.
If your Toyota meets your needs and is trouble free and you don't hate it I'd think the best financial decision is to stand pat.
That said, I graduated from the school of rationalizing with high honors so I could also make you believe it's the smartest thing ever!
Good luck either way.
I like how you are thinking. I would be shorting my loan by 2 years. I do greatly appreciate you're thought process on this.
I sat down and spoke numbers with the dealer. The deal works on paper in favor more than thought. The Ram I am looking does have more miles + a longer warranty than my Tundra by another 100k miles.
Frustrating part about the deal - is the dealer will not get me a second key without charging me.