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

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

  1. SurrealOne

    SurrealOne Former Member ROTM Winner 1000 Posts

    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!
  2. JimmyA

    JimmyA Rockstar 4 Years 100 Posts

    $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.
  3. Pikey

    Pikey Moderator Staff Member 5+ Years ROTM Winner 5000 Posts

    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.
  4. tbplus10

    tbplus10 Epic Member Staff Member 5+ Years 5000 Posts Platinum Contributor

    Purchased new year end closeout model CC LT with 23 miles.
    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.
  5. ChromeSilver02

    ChromeSilver02 Epic Member 5+ Years 500 Posts

    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.
  6. MrShorty

    MrShorty Epic Member 5+ Years 1000 Posts

    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.
  7. TRPLXL2

    TRPLXL2 Epic Member 5+ Years 1000 Posts

    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:
  8. SupplySgt

    SupplySgt Rockstar 4 Years 500 Posts

    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.
  9. duckduckdog

    duckduckdog Rockstar 100 Posts

    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.
  10. PantheraUncia

    PantheraUncia Epic Member 5+ Years 1000 Posts

    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.

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