Financing and Interest

[raymonjd]

2.69% for 72mo here with zero down. The payment hurts but in the end i'd rather have more money in my pocket now and pay it off over time.

 

[sunnydays]

thats why i am so undecided between Ford and Ram, Ram has %0 for 48 months and %1.9 for 60 months for all models, Ford doesn't have anything like that for Tremor

 

[ChsTremor]

Fair question. I paid off student loans this year, will pay off wifes Aviator in November and will only carry the Tremor and my mortgage there after. Want to start investing in real estate properties in 2023/2024 and would like to minimize my obligations before doing so.

You know what Dave Ramsey would say.

I like this discussion. I like Dave Ramsey and learned a lot from him. I also like listening and learning from others that do very well for themselves. Bottom line, you always need an exit strategy and to be prepared for some unforeseen (losing a job, market crash, etc).

My in laws though we were crazy not paying down our new build house with profit made on the last one. We could do that and be in a good spot. We could also leverage that profit to acquire another $2M in rental real estate that cash flows monthly. Still looking for the right rentals in this crazy market.

Everyone has their risk vs reward tolerance.

 

[Splattered23]

I put down a large down payment and have an 855 credit score, I think the dealer only shopped a couple banks and he got me 2.49 on 84 month I believe? Was trying to keep my monthly under 600. I will probably call USAA/Navy Fed/BOA and see if they can do any better but just looking online it seems like I got a fairly decent rate already?

 

[Bannerman]

I like this discussion. I like Dave Ramsey and learned a lot from him. I also like listening and learning from others that do very well for themselves. Bottom line, you always need an exit strategy and to be prepared for some unforeseen (losing a job, market crash, etc).

My in laws though we were crazy not paying down our new build house with profit made on the last one. We could do that and be in a good spot. We could also leverage that profit to acquire another $2M in rental real estate that cash flows monthly. Still looking for the right rentals in this crazy market.

Everyone has their risk vs reward tolerance.

Ramsey for getting out of debt, Bogle for getting wealthy (plus some RE for diversity)

 

[Yeti]

Still debt, money you owe. Miss a couple payments and you’ll find out who really owns it. For me anyway, it’s not just dollars and cents. We worked our butts off for two years to get debt-free. Not about to go back in debt for something as dumb as a truck. Cash is king.

Swing by and say hi to Dave. We'll grab beers afterward.