lmc22391
Member
Hello all, so I have a 2011 1500 with 97k on the dash(lots of scratches from the previous owner). Ive always wanted a new truck so i went out looking yesterday. Found some pretty good deals, specifically a big horn with an msrp of 47,475 discounted down to 34,991. But, after my 3k in negative equity on my trade in, fees and taxes, im back up to 40,700 out the door.
I just bought a house so my credit score took a little hit, therefore theyre offering me a 10% rate on an 84 month loan equaling 680 a month. Compared to the 3.8% rate I have on my current truck.
I dont want to pay more then 650 per month, So heres the 2 options ive been debating, I could ask them to work on the dealer fees to work the final price down so the payment is 650 (maybe even asking them to throw in a bed liner). And get the new truck I want now. My thought proccess behind this, is that if i plan on keeping the truck until it dies, (what do you guys think? 20-30 years?) why wait on getting the new one and pay 2 more years on something im going to trade in anyways. Plus, in 2 years, maybe even just one, i could probably go back to my credit union and refinance for a better rate anyways.
What are your guys thoughts? Trade up now to get the new vehicle I want to keep for years started paying off now, or wait 1-2 years and then trade my current truck for a new one?
I just bought a house so my credit score took a little hit, therefore theyre offering me a 10% rate on an 84 month loan equaling 680 a month. Compared to the 3.8% rate I have on my current truck.
I dont want to pay more then 650 per month, So heres the 2 options ive been debating, I could ask them to work on the dealer fees to work the final price down so the payment is 650 (maybe even asking them to throw in a bed liner). And get the new truck I want now. My thought proccess behind this, is that if i plan on keeping the truck until it dies, (what do you guys think? 20-30 years?) why wait on getting the new one and pay 2 more years on something im going to trade in anyways. Plus, in 2 years, maybe even just one, i could probably go back to my credit union and refinance for a better rate anyways.
What are your guys thoughts? Trade up now to get the new vehicle I want to keep for years started paying off now, or wait 1-2 years and then trade my current truck for a new one?