Different Drummer
Senior Member
- Joined
- Oct 20, 2020
- Posts
- 543
- Reaction score
- 543
- Location
- North East
- Ram Year
- 2017
- Engine
- Pentastar V6
I hear you. I never made a lot of money throughout my life and I lived a VERY frugal lifestyle. I saved money every paycheck and also made sure I put the Max. allowable into a retirementIf you can swing the monthly payments that’s not a bad way to live. But I look forward to paying off my truck, freeing up the $600 cash each month and driving my truck ‘til the wheels go square without a payment.
Who knows, since I work from home now and don’t drive near what I used to since this Covid thing happened, maybe I can actually pull it off.
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portfolio. This was on the advise given to me when I was in my early twenties by a wise older person. I would like to think that 50 years later I am now the wise old person. This strategy allowed me to purchase my 2017 RAM without financing. My Ram is the first new vehicle four wheel I have ever purchased. I did buy a couple of new motorcycles in my lifetime. Originally I was going to attempt to do what my friend does and buy new every 4 years. That has changed not only due to financial considerations but in what is offered by RAM and the increases in cost of what is offered. Try as I may I cannot build a new truck exactly as I would like today. Not to mention that things that came standard on my 2017 are options now. i.e. rear wheel well liners.
So I look at it somewhat as you. Not to free up $600.00 a month but more from the angle of why take on a payment every month? It is something I am used to as any used vehicle I have ever purchased I drove well over 200,000 miles. So, in keeping my present truck I am in familiar territory.