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What's Your Truck Payment ??? (Stay on topic please!)

Discussion in 'Chevy Truck Talk & GM News' started by Curky, Mar 15, 2013.

  1. Curky

    Curky New Member

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    This is personal but I'm just wondering. I know a lot wont post here and some wont care. I know it all depends on credit rating as well but that is not what I am looking at.


    • Bought new or used/miles?
    • Year of truck?
    • Anything down?
    • Payment a month?

    I will go first:
    Used 08 2WD 4.3 extended cab.
    4 years old when bought with 32,000 miles
    Nothing down- $17500 out the door, pay $326 a month =4 years
    Last edited by a moderator: Mar 22, 2013
    #1
  2. McClintoc

    McClintoc Super Moderator

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    New 2001 2WD 4.8L ECSB.
    Purchased March of 2001 (it is 12yo as of this week!)
    Odometer only had 8 miles on it.
    Couldn't tell you the financials of it. My dad bought it for me for HS graduation.

    I can tell you that my dad had a limit of $25,000. It was Truck Month when we got it and they took $3,000 off the sticker of $27,000. Score!
    #2
  3. stchman

    stchman New Member

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    2013 Silverado LTZ (specs in my sig).

    Sticker was $43,985, I traded in my 2008 Silverado LT(paid off) and the difference was $20K. I put $3k cash down. IIRC, I got ~3.5% financing from a bank and my payment is $507/month for 36 months.

    I didn't need a new truck, but I could not pass up the deal.
    #3
  4. SurrealOne

    SurrealOne Former Member

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    [MENTION=53221]Curky[/MENTION],
    What, pray tell, are you looking at? (Inquiring minds want to know why you started this thread!)

    Since it's you who is asking, by the way, I'll be detailed ... since my purchase was anything but a typical purchase from a stealership.

    • In August of 2011 I purchased a used 04 GMC Sierra 1500 5.3L V8 4x4 SLT Ext. Cab w/ 8' Bed
      • Pros:
        • 8' bed (tough as nails to find ... and I had been looking every day for 2 months in a 200mi radius)
        • 6" Fabtech lift
        • Line-X bedliner
        • Outlaw CAI
        • Flowmaster 50 series muffler
        • Mechanically sound
      • Cons:
        • 12"-14" gash in passenger side rear quarter panel
        • Shot passenger side pitman arm
        • Dead passenger side window motor
        • Dead tow haul button
        • White paint on leather seats (which I've since cleaned/removed)
        • Coffee stains all over rear carpet (both sides -- which again, has been cleaned/removed)
        • Bald 35" tires
        • Not regeared after 35" tires put on it (i.e. probably transmission issues coming)
    • Age at time of purchase: Nearly 8 years old
    • Mileage at time of purchase: 131,444
    • Price at time of purchase:
      • Asking price was $12,000 for the truck (as-is) from a wholesaler
      • I negotiated down to $10,500 for it based on things that were wrong with it
      • I traded my (paid-off) 01 Silverado Z71 LS (in perfect condition w/ 110k miles and new tires on it) for a value of $7,500
      • I paid the remaining 3k in in cash
    • Monthly payment: None other than the usual costs of a) ownership (i.e. fuel and maintenance) and b) my modding habit
    • Other considerations:
      • I had to invest time/effort to fix/upgrade the things I could, myself ... and also shell out cash for tires, body work, paint work, etc. before I had what I'd consider an acceptable vehicle.
      • There was one point where the truck was undrivable for three solid weeks due to work I was doing.
      • By the time the clean-up was done, the repairs were in place, and the wheels, tires, nerf bars, sound deadening, electrical upgrades, and audio system were in place to get the vehicle reasonably close to what it resembles (appearance-wise), today, I was in for about 15k (total, including the initial $10,500 price of the vehicle) after 3-ish months of ownership.

    This truck was a diamond in the rough that just required a little polish. For my money and time I was able to shape the vehicle into my vision of what a truck should be ... rather than paying each month for GM's vision of what a truck should be. :)
    Last edited: Mar 15, 2013
    #4
  5. nickgiacalone

    nickgiacalone New Member

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    I picked up my truck in Jan 09 with 11 miles on the odometer. I paid about $26,500 after all my rebates. Financed 20,000 and my payment was $400/month for 60 months.
    #5
  6. Curky

    Curky New Member

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    [MENTION=50075]SurrealOne[/MENTION] I started it because, when I see a new/used but nice- truck driving past me I always wounder the payment difference. How much will I be looking at in the future for new. I know everyone has to think and wounder what they pay difference between him and the next guy because, I know there could be a $100 difference from just going to the state next door. Some areas get better rebates than others. So, Just wondering how far does the spectrum go? Everyone is usually scared or to private to talk about what they spend (on anything).
    See here most of us really don't know each other so we have a better chance to see.
    #6
  7. BlackSmoke*

    BlackSmoke* New Member

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    2004 Chevy Avalanche z66 122,400 miles on the odometer. The sticker said 13,999 and talked them down to 10,500 due to passenger window running slow, driver power seat not moving up nor down, three different tires even tho two tires where brand new and same pattern, also told them they didn't have to clean it any first. I put 2,000 down and my payments are 271.83 a month for 36. Not sure what my interest rate is through my bank.
    #7
  8. TRPLXL2

    TRPLXL2 New Member

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    2001 s10 ext cab v6 auto, stripped no power anything 2wd $19,000 10.5% financing for 5 years $390 month brand new truck, I was 18 years old and no cosigner.

    2004 2500hd, 6.0 4x4 ext cab short bed, ls every option available. Brand new $41,000 sticker, $10,000 pep discount, 0% financing 60 months $510 per month.

    2005 2500hd 6.0 2x4 ext cab short bed, ls same as before but a little less goodies. Brand new $35,000, $8,000 pep discount 6.5% financing 60 months $520 a month.

    2005 1500hd regency conversion crew cab, 4x4, short box, 6" lift 35 inch tires, custom two tone paint, kayaking interior. Brand new $73,000, $5,000 GM discount, financed at 10.9% for 78 months $854.63 per month.

    2008 hhr ss 2.0 turbo, automatic, bought used 56,000 miles $13,000. 11.9% financing 60 months $314.00 per month.

    @surreal your transmission will be fine, but your 3rd and 4th clutch bands will be shot. You could always go no lockup converter and save your transmission wear and tear. That's what I did with 35" tires versus a regear.
    #8
  9. oxendale

    oxendale New Member

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    I just bought my 2010 4WD ext cab a few months ago. Im not sure of the exact price but it was right around $24,500 give or take a few hundred with 14,000 miles.

    I traded in my powerstroke that was falling apart mechannically and luckily they didnt drive it enough to notice any of it. Got $9500 for the truck and put down another $8000. Difference of around $7000 and i took a 5 year loan so the payments are only 160 a month but I occasionally pay double or randomly throw $500 towards principle so it will be paid off in 2-2.5 years.

    I know my interest rate is pretty low like around 3% becuase if I took the full five years it was only going to be like $800 in interest so I could not pass it up
    #9
  10. Enkeiavalanche

    Enkeiavalanche Moderator

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    08 Z71 LT2 Avalanche Sticker was $45.000 I leased it for 3 years then bought out the lease I'm paying $426 for 4 years now.. Got 94K on it now..

    I have done this for my past 4 trucks Lease then buy out My payments are lower. and I sell the trucks a bit over the buyout so I make some $$ back with all the mods..
    #10
  11. SurrealOne

    SurrealOne Former Member

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    I regeared it in early 2012. I just don't know how much life I'll get out of the tranny because I don't know how long 35's were on it prior to my ownership. However, when I start to encounter problems I'll do like I always do -- and take it as an opportunity to upgrade!
    #11
  12. JimmyA

    JimmyA Member

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    $467.00 (1.99%) per mth for another 33mths for my 2010 Sierra purchased new in 2011. Traded in a 1996 Silverado and a couple grand down.
    #12
  13. Pikey

    Pikey Moderator

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    For my 2002 ext cab silverado 2wd 5.3L I put $4,000 down plus $3000 cash back from GM for a total of $7000! My payments were $242 a month for 5 years. I sold that and paid $11,000 cash (sold two trucks) for my 2003 yukon xl with 120000 miles. When I totaled that truck, I got the 2005 for what the insurance company gave me, $11000 with 130000 miles.
    #13
  14. tbplus10

    tbplus10 Moderator

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    Purchased new year end closeout model CC LT with 23 miles.
    2011
    $0
    $0
    Many years a go I got in the habit of driving my vehicles as long as possible (last truck 12 years and I still drive it on weekends). When the vehicle is paid off I continue to make a payment to my savings account I also pay as much extra to the monthly payment as possible and make a notation on the payment stub "excess payment to loan principle" this way it pays the loan principle instead of on interest not yet accrued. With this method I've been able to pay cash from my savings to purchase my last 2 new vehicles.
    #14
  15. ChromeSilver02

    ChromeSilver02 New Member

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    I think it is funny/sad that most of you think that a truck/car payment is a part of life and always will have one. My silverado was bought by my grandfather brand new in cash, my civic is the only car I actually bought and I saved my money and paid cash. The idea that tbplus10 is using is a great way to approach paying for vehicles. I have never known how a car payment feels and I never will.
    #15
  16. MrShorty

    MrShorty Moderator

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    I'm going to jump on tbplus and chromesilver's bandwagon -- never had a car payment and, if I have any say in it, never will. Buying older used, I paid ~$7000 cash out the door for my burban 4 or 5 years ago.
    #16
  17. TRPLXL2

    TRPLXL2 New Member

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    Why is it sad to have a car payment??

    I have no credit cards, and no outlying bills. I could pay cash for a car but why bother?? I use the car payments for a great credit builder, mortgages and car payments are the two best forms of building credit. Different strokes for different folks.. :lol:
    #17
  18. SupplySgt

    SupplySgt New Member

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    I've only made payments on two vehicles. a 98 S10 that I bought from a buy here pay here lot when I was barely out of HS. I think I was paying 200 a month on it. Then when I was on Active Duty I paid nearly 350 a month on a 98 Dodge Dakota that I traded my 96 GMC Sierra on. In hindsight, I should have kept the Sierra. I would have had to sell it when I moved to my current area due to emissions testing (no matter what I did, I could never get that check engine light to go off), but at least I would have saved all that money from the payments. Had to get rid of the Dakota cause I couldn't afford the payments after I got off Active Duty. Since then, I've been leery about making payments. My credit score is still in the same shambles that it was after I was unemployed following Active Duty for 2 years, but I may be moving and don't want to take on debt to try and rebuild it until my move is complete. Were that not the case, I could probably go out tomorrow, throw in a down payment, and get an 05 or so fully loaded Z71 or Avalanche and rebuild that credit. I have enough contacts in the area that I could get the financing I need now and finally get my credit score going up again.

    That being said, my current truck (93 Burb) I bought three years ago for 1500 bucks cash. It had somewhere in the 230ks as far as mileage went but it was very well maintained and still gets 20mpg on the interstate (now with 263k miles). It's been a very good truck to me for the price, and while it doesn't have some of the creature comforts I would like (namely heated seats), It has served me well and I will probably keep it till it completely falls apart.
    #18
  19. duckduckdog

    duckduckdog New Member

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    And with an interest rate of 1.99% I will gladly use their money, while I make money with mine....

    I bought my 2007 in 2010. It had 24,000 miles and was in perfect condition. Sticker was 24,500 - I got it for $22,000. Payments are $451 for 48 months.
    #19
  20. PantheraUncia

    PantheraUncia New Member

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    2000 1500 EXT cab listed as LS with many LT upgrades, I think my dad bought it for 28k, it was listed at 33k and had less than 100 miles on it. He was paying $650/month, when he lost his job, I took over payments to keep it in the family and then He eventually went to the bank and we did the title transfer. I did not refinance it so it was costing me 650/month the the truck was paid off.

    This was the first truck I had owned and my first thoughts were $650/month? let me go get a used 2 door benz convertable, why a truck.... haha, I haven't looked back.
    #20

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