Comments on: Pulled the Trigger. Bought the Truck!

By: SMB

SMB — Fri, 24 Mar 2006 22:05:30 +0000

Paying for the truck with cash is incredibly impressive. Did they even know how to handle the transaction?

By: Mighty Bargain Hunter » Roundup for week of 13 March 2006

Mighty Bargain Hunter » Roundup for week of 13 March 2006 — Fri, 17 Mar 2006 06:52:55 +0000

[...] What good is saving all that money if you don’t splurge once in a while? (Everybody Loves Your Money) [...]

By: MoneyDummy

MoneyDummy — Fri, 17 Mar 2006 00:24:44 +0000

Well, if you were going to buy new, it sounds like you did it right. Amy Daczyn (whose name I can never spell– “The Frugal Zealot” is much easier) does precisely the same thing that you did. Buy new; offer a few hundred over invoice; don’t negotiate.

*Chuckle* Most people only fantasize about paying cash for a brand new vehicle and driving off the lot owing nothing. It’s cool to picture you actually DOING it.

By: Hazzard

Hazzard — Thu, 16 Mar 2006 21:58:29 +0000

I got the truck for just over invoice. I told them that I wouldn’t negotiate and if they tried to counter on my offer I would just have to leave. I did my research and calculated out what invoice was and how much over invoice I would go (not much) and also factored in that they would most likely get a dealer holdback incentive of at least a few hundred dollars for selling the truck.

I really didn’t want to buy new, but decided in the end that I would. My calculation was that I would keep this over a minimum 9 year period and so I have a good idea of what it’s costing me in depreciation each year. Insurance isn’t really much different. Obviously the “opportunity cost” (what I could have done with the money) is haunting me a bit. It was nice to see that EmigrantDirect raised their interest rate as soon as I took the money out. Oh well, no sense crying over spilled milk.

By: Amdollar

Amdollar — Thu, 16 Mar 2006 15:50:33 +0000

Congrats on the recent purchase! I’m glad that you made a cash purchase but a 2006? I hope they cut you a good deal. I’m sure the kids are loving the new ride though! Keep on truckin’.

By: ncnblog

ncnblog — Thu, 16 Mar 2006 13:06:06 +0000

Hmmm…
Just when you think you’re out, they pull you back in…

Cold shower didn’t work? I can’t say that I agree with your decision, but I hope you enjoy the truck. I think it’s cool that you paid cash. But a NEW truck… wow.

Somehow I can’t help feeling that the goodguys lost this one…

(I still say, however, that you blog title is one of the top 5 coolest of all time, hands down!)

See ya on down the road… I’ll be in the slow lane in my “beater”.

By: CW

CW — Thu, 16 Mar 2006 09:27:26 +0000

yikes. . . you are braver than I am. Kudos for enjoying life a bit (and for not forgetting that not all of the money we make has to go toward finacially prudents ends). . . Just recently, we lost the family pet suddenly/unexpectedly. . . and, all in all, it’s a great reminder to enjoy life and to not view “growing old” as something that is inevitable. Of course, saving nothing for retirement is crazy. . . but, I think people can be too extreme in putting off pleasures today (in hopes of enjoying later. . . something which isn’t guaranteed, of course). In such a line of thought (i.e., “carpe diem”), the truck purchase is alright. . . as long as you didn’t have to pay for rust-coating or anything like that. ~_^

By: mbhunter

mbhunter — Thu, 16 Mar 2006 07:45:23 +0000

You paid cash for it, so that suggests you’re living within your means.

There is also a lot of value in living a little while you still can. My arrows are put away here. You see, my grandfather bought his only new car after he retired. Soon after that, he couldn’t drive anymore. He put maybe 1500 miles on it, and it was the last car he bought.

So, enjoy your new truck!

By: lamoneyguy

lamoneyguy — Wed, 15 Mar 2006 03:44:43 +0000

Congrats on the truck. I also bought brand new in December. I bought a new Acura TSX. I love it. I put $10k down and have been grappling with paying the loan off early.

By: Hazzard

Hazzard — Wed, 15 Mar 2006 03:23:54 +0000

Thanks for the comments MoneyDummy. Just so you know, I make a modest salary (Not a ton, but I have a 4 year degree and have been at it for awhile). We are a one income family since my wife stays home with our daughter. Most two income families make far more than we do. We literally just don’t have any debt other than the mortgage. By keeping our debt so low, it really gives us a ton of cash flow.