Sunday, October 4, 2009

Saved Thousands on Truck!

By not purchasing a new truck yesterday, I saved my family thousands of dollars over the life of the loan. While we can afford a new truck, it just is not a smart move.

  1. My Highlander is good for another 3-4 years of daily use. Considering the 0% financing and the amount of our payment, it is a reasonably low cost vehicle for our family.
  2. Once the Highlander is paid off, we will probably buy my wife a new, economy car to replace her Prius. The Prius will become my vehicle.



Bottom Line: New Cars are almost never a good idea.

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