Can you help me with expensive decision??

[CurlyDave]

The decision problem??

From someone who drives most vehicles till the cost of repairs for reliability become exorbitant all I can say is keep the present truck. Save some money, put it in an account for future vehicles or whatever?:thumbsup::thumbsup:

I have to agree with Egon.

DW and I buy new and keep our vehicles until the wheels fall off.

Sure, everybody likes new cars and trucks, but we like to have money in the bank even more.

 

[jcmseven]

Steve, though not done with it yet, your article is quite interesting to me and parallels some of my questions also.

John

 

[trook]

I didn't read one single thing in your post that said you NEED a new vehicle. I don't know your financial situation, but it looks like you have a fairly low mileage (considering it's a diesel) new model truck that looks good, is comfortable to drive, has plenty of room and will always be able to work hard for you. Just because you don't need to tow a big tractor right now doesn't mean that you will never need that towing power.

I'm sure the Denali is SUPER nice, but I think you may be happier in the long run by keeping what you have and putting that excess money into those college savings funds. Also, it sounds like your wife will need a new vehicle long before that diesel needs to be replaced :thumbsup:

 

[Sulla]

I'm an investment advisor and financial planner and I can tell you unequivocally there is no economic justification for trading in your truck. Trucks are depreciating assets. The best thing to do is buy one a year or two old and drive it into the ground. That said I haven't had a car for more than two years for the last twenty years!

Vehicles are emotional decisions and we buy what we like. Otherwise we'd all be driving twenty year half tons or Toyota's.

For what it is worth we are selling all of our toys, including my Porsche and hunkering down. All of my research and analysis points to a coming storm that no one under eighty has ever experienced. I've published quite a bit on this if your interested.

Advice is worth what you pay for it, so take this for what it's worth. Life is short so enjoy it, but make sure you can enjoy life tomorrow to, considering odds favoring you being around to deal with today's decisions tomorrow.

By the by, I like the Denali HD a lot myself.

 

[Egon]

Forgot to mention, next years truck will be even more desirable and of course next year never arrives.:thumbsup:

It's just gotta be something in the smell of the new vehicles that grabs one's attention??:thumbsup:

 

[Diamondpilot]

Chris,

An even better feeling is paying cash. I'm getting old, but I seem to recollect even better feelings. They didn't involve trucks.

Steve

I have never been in a position to pay cash for a new truck but have many times on used stuff. I did buy my tractor, FEL, and 60" KK mower new cash in 2003. Took some saving.

Saying all that, paying cash is not always the best option today with the great financing rates. I have gotten 0% and 1.9% on my vehicles for years and would still finance up to about 5%. Reason being is I have been averaging about 7-12% on my investments. I would rather put my money in them and pay a little interest. In the case of my Titan I payed about $900 in finance charges.

Chris

 

[Diamondpilot]

Chris,

An even better feeling is paying cash. I'm getting old, but I seem to recollect even better feelings. They didn't involve trucks.

Steve

Those feelings can happen in a truck.:laughing::laughing::laughing: Its amazing how you can contort when the time comes.:thumbsup:

Chris

 

[Diamondpilot]

Forgot to mention, next years truck will be even more desirable and of course next year never arrives.:thumbsup:

Thats what always used to get me. I now just buy the best I can at the time and live with my decision. In a few years I will be back in buying mode because my fleet will be approaching 10 years old and reliability is a priority to me.

Chris

 

[smstonypoint]

Saying all that, paying cash is not always the best option today with the great financing rates.

I didn't mean to imply otherwise. I try to evaluate each option on its own merits. Depending on financing incentives, rebates, investment alternatives, preferences, etc., paying cash may not be the best option.

Those feelings can happen in a truck.:laughing::laughing::laughing: Its amazing how you can contort when the time comes.:thumbsup:

Chris

Never tried it (that I can remember), but I will take your word for it.

Steve

 

[Dan W]

Gents,
I am on the Mr. Sulla page and that save your money fellow from ING.
Love trucks and better yet diesel engines, and as for running things into the ground, I bet you that none of the folks on this thread have ever run anything into the ground, no matter how old their equipment is we are all nuts & bolt people and have too much pride & respect for what we own and run.
Here is my two cents worth: Emissions alone should be good enough of a deterrent to scare anyone away from owning a machine (2010 and above), consider SCR systems and diesel exhaust fluids and what maintenance and future repair cost might entail when that stuff start failing
Keep your truck 10 years, take pride in keeping it looking like new and then revaluate and maybe go another 5
Dan