Sick of spending, when does it end!!

[LTZ C20]

Amen engineer! It is Godly to be a good steward of your finances. Never owe the man, stay off the grid! 2016 is my pay-off year! "Thats it, were goin awwwwffff the grid!!!"

I believe Philobeddoe just made a reference to little Ceasars pizza.

[philo_beddoe]

You are correct LTZ.

[LTZ C20]

You are correct LTZ.

Lol

[ehjorten]

No doubt, I would love to own a new 4x4 Crew Cab Duramax, but they are in the $60K+ neighborhood.  I enjoy working on cars most of the time, but I will admit that sometimes it is a pain in the neck and can be very frustrating!  There isn't much that I take to a shop, so maintenance on my vehicles just comes down to parts.  Sure my trucks don't ride as nice as a new truck and sure I could put money into them to make them ride much better, but that investment and time just isn't in the cards right now.  I put a lot of miles on my Crew Cab Elk hunting this fall and had a blast!!!  I get 11 mpg out of it and I try not to drive it too much, but I probably put about 12,000 miles on it a year.  A diesel truck is going to average about 20-21 mpg.

This is how I look at it:

All of my vehicles are owned out-right!  A new $60K+ Duramax with 2.5% Interest and 60 months financing will be a $1,065/month payment!  The cost of the loan will be about $3,900.  I will get better fuel mileage with the diesel and new truck, but diesel is about 30 cents more per gallon around here and while right now it is pretty cheap, winter will drive the diesel prices up in the USA because it competes as a heating oil.  Diesel prices have also be historically pretty volitile.  I will also probably drive more per year with a new fancy truck.  Lets say 15,000 miles/year with regular unleaded at $3/gallon and diesel at $3.30.  Lets be realistic in that fuel prices are going to go back up and it isn't going to be like when we were younger.  That for me translates into about $150-$175/month fuel savings.  Lets also assume that my new fancy truck isn't going to have any problems for a while and I will perform the routine maintenance like I already do...

I will commit to 5 years of an additional payment of $1,065/month.  I will blow $3,900 in interest and I will save say $175/month in fuel cost.  Yes, I should not have any repairs, but I have invested less than $10,000 in my '91 and that includes fuel for the last 5 years that I have owned it!  It will take 23 months to payback that Interest in fuel savings and if I wanted to I could put $60K into my square-body crew cab, support the aftermarket industry and have a killer truck like Eric Miller's http://forum.73-87chevytrucks.com/smforum/index.php?topic=25678.0

These trucks turn heads and lots of people appreciate seeing them!  I know I am complimented on my truck all of the time and people say, "you just don't see these crew cabs anymore!"

[philo_beddoe]

I had a f-350 powerstroke. 97. I kind of miss it, clean and rust free like all my trucks (one of the benefits of ocd). But, too technical to work on. With the 77 c-10, no problem. Just need a garage now.

Anyway- the spending has pretty much come to a screeching halt for a while. Gonna relax this winter,  change the oil and thats it. I'll tinker around with it come next spring. I've been going at it since last march. Just gotta keep the stupid salt off her.

[philo_beddoe]

I finally found the thread where i wanted to post this, although i put it in another thread also.

This just aint right. And its listed as USED!!!!

[Funkatation]

I think I'm around 14k into mine so far. Still need paint and some interior bits. If I'm under 20k after all said and done I'll be happy. You wouldn't be able to buy a truck like mine for that cash!

[philo_beddoe]

Its been two weeks, havnt spent a penny on it.

No, wait...i just got some oil and a filter.  Dang!!!  Nice try...