Like the title says how much vehicle debt do you have. I just see a lot of nice nice trucks on here and am curious. I currently have $14k left on wifes 2010 camry. 05 tacoma and 04 corolla are paid for.
Yesterday morning - 10k on the 09 Tundra. This morning, 38500 on the new 13 Tundra. 1.79 pct for 5 years (took the 2500 Toyota cash) vs the 0 pct and 1k cash. Got a little something in the works - will pay the loan off shortly but wanted to save the cash for a little bit. The way I look at it, it's costing me about 300.00 to borrow the money over what it would have cost for the 0pct/1k for 5 years (total cost of vehicle)
I tend to buy used so I can avoid the monthly payment pain for longer than 24 months. My 2008 is mine now. In 3 years I'll buy a new Tundra (Direct Injected 5.7 8 speed please Toyota) if they have the 0% going.
6K or so on my Tundra. 19 or 20 on the wife's '12 Camry. God willing, if we sell the old house and get to walk away with 25 or 30K she will pay off her student loans then double up on the Camry payments. Should have us 100% debt free besides a mortgage in 2 or 3 years, with two vehicles with less than 50K on the clock to show for it.
I'm at the opposite end of the spectrum from paid off...on purpose.
I have to have my business spend a certain amount of money to avoid a large tax bill. Per instruction by the CPA, have two car payments. "You need to spend money."-CPA Not a bad deal or problem to have.
69 CJ5 owned
09 Sea-Doo GTI SE 150 owned
09 Sea-Doo GTI SE 130 owned
12 Mercedes C250 $25K
12 Tundra $35K
also have an xB for business exclusive $12K
The Mercedes will be next on the chopping block at which time my wife wants one of the following...
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