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Power Strokes
6.7 Tech
Ordering a custom truck
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[QUOTE="TurboM700, post: 208992, member: 59"] Here's some fun number for you. 2012 truck that cost 50k 50k/72 months is roughly $700 dollars a month. No interest 50k/72 months at 3.5% interest is $780 dollars a month. Now take that $80x72 months and your paying $5750 in interest. Now lets take depreciation of vehicle that 6yr old truck will be worth 30k if your lucky in 6 yrs. 50k-30k is 20k. 20k/72 months is $277 Each month you have that vehicle you at the bare minium are throwing 350 (270+80) dollars a month out. Ouchy all to drive a new truck Now lets say you take that 80 dollars you pay in interest and invest that in a good growth stock mutal fund making %10 interest for 6 years. You just made 7,000 dollars. You now only lost 14k on a new vehicle instead of 20k. This is the reason I'm driving a 10 year old truck I would rather retire when I'm 45 with millions in the bank then have new trucks when Im 25. To the OP sorry about the derail. If you have the cash to buy a new truck you are no dummy when it comes to money and you clearly have saved for it. Choose the one you want order and pay cash. Dont listen to all the people that are saying take loans out. Mike [/QUOTE]
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