earlier this year i purchased a 2011 toyota tacoma. without getting into all the details, it's not a cheap truck - MSRP was over $30k.
the truck is nice, but the issue i have is that i signed a 48 month contract bc they had a special with 1.9% interest. long story short, the payments are high every month, and even though i can afford it, i'm thinking it's not in my family's best interest.
the payments are $764 a month for 48 months. that equals $36,685.44. that's a lot of money, and my family consists of myself, my wife, and my 7 month old son. right now. so i've looked around for a used truck, and have found a 2011 suzuki equator (basically a nissan frontier) with only 16,000 miles for under $19k. i have great credit, and even at 5% interest for 60 months, the payments would be $400 a month or less. and it would be a total of 23,924. a savings of over $12,000.
does this sound like a crazy idea? i know you don't know all the details and what's going on with my family and all, but based on what i've said, does this sound like the right thing to do?
feel free to ask questions, i was trying to make you read too much.
thanks in advance
the truck is nice, but the issue i have is that i signed a 48 month contract bc they had a special with 1.9% interest. long story short, the payments are high every month, and even though i can afford it, i'm thinking it's not in my family's best interest.
the payments are $764 a month for 48 months. that equals $36,685.44. that's a lot of money, and my family consists of myself, my wife, and my 7 month old son. right now. so i've looked around for a used truck, and have found a 2011 suzuki equator (basically a nissan frontier) with only 16,000 miles for under $19k. i have great credit, and even at 5% interest for 60 months, the payments would be $400 a month or less. and it would be a total of 23,924. a savings of over $12,000.
does this sound like a crazy idea? i know you don't know all the details and what's going on with my family and all, but based on what i've said, does this sound like the right thing to do?
feel free to ask questions, i was trying to make you read too much.
thanks in advance