2022 Tundra vs 2022 F-150 opinion?

Which has what to do with which truck is best?

 

With plans to replace that transportation long before it's paid off and just keep rolling the loan forward. We've been conditioned to have never ending payments. Heck, I bet you can finance an iPhone for 84 months now (and pretty much have to given what they want for the new ones).

 

I totally choose my burger based on the net worth of the company or individual providing it, not the nutritional value it may (or may not) provide. McDonald’s food may be made out of the most durable polymers known to man (look at a fry that has been lost under a cabinet for 6 months, you’ll see what I mean), but dammit, I only stick with whoever sells the most.







PS: @Bannerman i’m just busting your balls.

 

I think people are going to get used to not leveraging the way they have been doing so. Real quick. Or there will be pain…

 

I finance knowing the compounding effect of the capital gains and dividends I get off that money will outlast the loan by a lot even if the exact dollar figure advantage over the life of the loan is not much. I do know a guy who’s been through probably a dozen new cars in a few years Who’s happy with any deal that keeps his payment the same. I think that’s nuts.

Next one should be cash though. Probably be eligible to cash in my Roth by then. Haven’t been eligible to contribute in awhile so it will have grown to just about the right amount for a new truck by then, but not much more.

 

I think you are both smart enough to see that both comparisons are a false equivalence.

 

I don't know. Most people are pretty dumb.

But I haven't financed anything other than homes since 2015, and some would say that's dumb.

 

I agree that financing isn't necessarily bad but I'm not sure I'd want to finance for 7 years at 5.49%, to use Toyota's current numbers as an example, especially if, say, 3 years at 3%, for example, is an option.

 

I think some of them are going to have to feel the pain first.

 

Yes, see the fine print.

I think that’s smart. I’m debt free with the exception of my mortgage, and I owe less than 25% of my home’s value.

Some people did ok spending others’ money for free (getting very low or 0% loans). That era of free money is over for the foreseeable future.

 

Same except 50% LTV, have only been here two years though. And the remaining balance is only a smidge over our annual gross.

 

But if you plan on keeping your truck forever like you keep arguing than who cares about resale value. Presumably, your 25 year old 500,000 mile Tundra isnt worth crap.

Seems kinda silly. Buys tundra because it last forever and has good resale value. Keeps tundra forever and argues with people about resale value.

 

Have you checked my signature for the cars i own? Only 1 is less than 10 years old and its 8.

I didnt say your cars need to be no older than 10, just that life changes and the car you just bought may not work for you in 10 years.

 

When I bought my new truck, 5 years was 5.99% and 3 years was 5.49%.

 

Can't see signatures on mobile. Anyway, I wasn't arguing with you. I was just kind of shocked how fast 10 years goes by. We tend to think of 10 year old cars as really old but I still enjoy driving that car as much as I did when I bought it, if not more - maybe because I've had to drive the wife's Corolla so much.

 

Yeah, that was a bad example using Toyota right now.

 

I snapped up .9 for 60 via Ford in a
Brief promo in March. It was a Factor that made me cancel my order for a different truck I’d have waited for through all these increases and while putting miles on my trade and just get it Done. A month earlier it was about 2.5 when I ordered a 5.0 truck.

 

I told the finance guy he was lucky Ford is on my permanent shitlist after the last one I owned. My neighbor bought a brand new F150 around the same time I got my new Tundra and with zero done was given 1.5% for 8 years.

 

For the first time in Canadian history, anyone that took Pandemic money in Canada 2 years ago.
. 25% Canada Bank Rate = 1.50% 5 year Fixed Mortgage Rate.
is now making 4% on that money with just a GIC, and it will keep going up with todays US inflation numbers,
much higher than expected. So expect a big US Fed bump at next mtg.
And Canada's BOC Bank of Canada will need to match rates to keep our dollar from going down.
Just saying.
Nothing is going to be cheaper anytime soon.

 

I do plan on it. You know as well as I do that know the longevity and resale value are directly related. Like I already agreed with you, who knows what will happen in 10 years? I may have to have to sell it for an HD truck if we get the camper my wife wants.

And yes, I watched a 2010 Tundra with 491k sell for $7600 locally in August 2019 (before the pandemic). It was less than $30k new. I think we have different definitions of “isn’t worth crap.”

Edit to add: If I only bought one truck (again at 14 vs 17mpg) and used it for 500k miles with only routine maintenance, how in the world can you say it “isn’t worth crap” at the end of that timeframe? That’s just amazing to me.

 

Oh yeah, another thing on the car loans, @Terndrerrr

I was very close to buying a new 2018 Sierra in June 2019. Because it wasn't the current model, they wouldn't offer 0% or whatever the good rate for new vehicles was at the time. The salesman showed me monthly payments for a 3 year term and a 4 year term and asked which one looked better to me. I think he was shocked when I pointed to the 3 year term (higher monthly payment) and told him I didn't want to pay extra interest if I could afford the higher payment (which I could).

 

Loaner cars?? lol

 

or a truck to break down on the test drive, HA.

GM seats, I still can't believe how bad they were, I always thought Dr.Z was exaggerating, but damn, he wasn't, they are trash.

 

Passed on the black raptor but dealer still buying the lightning. Holding out for my 23 Avalanche color.

Crazy world. Buy for 80, sell back to same dealer for 95

 

You earned that money in the labor costs of all the work you put into buying cars.

 

Amen.

It's even sitting in storage that cost $17. I used the promotion "First Month Free".........only there for 1 month lol

 

you must have a lot of time on your hands, wow..

find me a 2023 tundra platinum with no problems please for MSRP and Ill write the check, HA

 

I have magnetic gray 23 platinum hybrid in Arizona . 67-68k msrp

 

I'm a seasoned system architect for the state. I work from home and just shop while my shit is running or if it breaks and don't want to deal with it

 

close , non-hybrid blueprint in northern Illinois, lol.