Philosophical question here (assuming I'll get replies from folks who can't afford to go pay cash for a new car).
How do you view car payments?
Do you chalk them up to being a "fact of life"? If so, does it make any sense to keep a car much beyond 3 or so years on the typical 5 year loan? Or, assuming you do
look at a monthly car payment as something you'll be dealing with most of your life, do you just drive whatever the hell you want and trade off before the cage gets too far out of warranty?
My truck is a (now dented, lol!) '01 Silverado extended cab Z71. It's been a solid, dependable ride. I've got 52K miles on it, it's well out of warranty, and I'll be needing to put tires, brakes and perhaps shocks on it by summer. I owe a little more than a year's worth of payments, about six grand.
I know driving one paid off is ultimately cheaper in the long run, but the last time I did that (with a '95 F150), it turned into a black hole and cost me a wheelbarrow full of money in maintenance and repairs. I kept it six years, bought the Chevy, and swore I'd never try to pay another one off again. Now I'm at a crossroads.
Well, whaddy'all think?
(Note: I blame bwhip for this. Figment too. New truck buying scum!
Edit: Oh, can't forget Depo and fumbducker - I think they both got new pickemups here recently!