FX2 Tremor, good deal?
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ReactiveD (12-18-2013)
#62
Senior Member
congrats man, post up some pics when you get it. i think you are the first one on the board to buy a tremor. it's a good thing i wasn't on this board when i was 20. i bought a 10,000 dollar 4 wheeler, imagine what everyone would have said about that lol.
Last edited by ns_redneck; 12-18-2013 at 10:09 AM.
#63
Senior Member
Congrats on truck! I remeber when I turned 22, had my first job out of college in 2005...I bought a used 2003 BMW M5 demo...all the bells and whistles...paid $58k...10.5% interest on an 96 month loan...best idea EVER! Taught me a lot of lessons in life...and as bad as it may sound...it was one of the best decisions I have ever made!
Last edited by medicff0879; 12-18-2013 at 02:05 PM.
#64
Senior Member
P.S. I do hope you got GAP insurance on this thing? If you haven't with 5% interest on that expensive of a truck, you will regret painfully if God forbid it is totaled in the next 3-4 years. That is my contribution.
Last edited by medicff0879; 12-18-2013 at 02:06 PM.
#65
Lol, well said. Agreed, but be careful, when you opinion doesn't align with the herd, you tend to find yourself selectively moderated in order to align correctly with the perceived acceptability of what your opinion should be. With that said, good for him for buying a truck and ignoring others that have paid the price via the same mistakes (I did as well, sort of) Thankfully with youth you are able to pay to play, and then pay for it later on into your 30's and 40's if you do it right. At least you offered constructive advice to refinance immediately, but hey, as long as everyone on a forum congratulates you for buying a truck, and dad has put himself on the line for the future obligations, then this is a good deal indeed!! Congrats, I do want to see pics when you post them up. Enjoy, and look forward to the upgrade in a couple of years when you go with the more practical SCrew.
P.S. I do hope you got GAP insurance on this thing? If you haven't with 5% interest on that expensive of a truck, you will regret painfully if God forbid it is totaled in the next 3-4 years. That is my contribution.
#66
Where you went wrong in your comment is that you said he was going down a life-long path of debt. You don't know how long he will have the truck, or how fast he may actually pay it off. Thats quite a harsh statement for someone you dont know.
Plus I think about 99% of us will have a life-long path with debt. Most people will almost always have a car payment, or a house payment.... If you have everything paid off, then congratulate yourself and dont think everyone else should be the same.
O.P., you going to tune it? I'd love to hear some times with the Tremor tuned.
#67
Senior Member
He did ask if it was a good deal didn't he? I guess the guy should tell him it isn't, poor investment, bad interest rate, and you would an over zealous fool for buying it? If you ask folks if it's a "good deal," be prepared to hear reality.
#68
Senior Member
You gave him good advice sure, I totally advise refinancing it through an external lender. Ford would only do 6% when I bought mine but gave me $6,000 in rebates because of using them. Refinanced it as soon as title was available to do so through my credit union for 2.19%. Brought the payment down $88 a month. Where you went wrong in your comment is that you said he was going down a life-long path of debt. You don't know how long he will have the truck, or how fast he may actually pay it off. Thats quite a harsh statement for someone you dont know. Plus I think about 99% of us will have a life-long path with debt. Most people will almost always have a car payment, or a house payment.... If you have everything paid off, then congratulate yourself and dont think everyone else should be the same. O.P., you going to tune it? I'd love to hear some times with the Tremor tuned.
#69
You are right it is not certain it will lead to a life of debt but when you have a 72 month loan and readily admit that the vehicle will likely be traded in a couple years due to a family change chances are he will be upside down. We all know these holes can be hard to claw ourselves out of.
He didn't specifically request financial advice but he posted a thread regarding the dollars and cents of buying the truck. It is really so terrible that he got a different perspective on the purchase?
To the original poster...please post some pics of that new truck!
#70
Senior Member
Harsh? possibly. Something tells me he is a big boy and he can take it.
You are right it is not certain it will lead to a life of debt but when you have a 72 month loan and readily admit that the vehicle will likely be traded in a couple years due to a family change chances are he will be upside down. We all know these holes can be hard to claw ourselves out of.
He didn't specifically request financial advice but he posted a thread regarding the dollars and cents of buying the truck. It is really so terrible that he got a different perspective on the purchase?
To the original poster...please post some pics of that new truck!
You are right it is not certain it will lead to a life of debt but when you have a 72 month loan and readily admit that the vehicle will likely be traded in a couple years due to a family change chances are he will be upside down. We all know these holes can be hard to claw ourselves out of.
He didn't specifically request financial advice but he posted a thread regarding the dollars and cents of buying the truck. It is really so terrible that he got a different perspective on the purchase?
To the original poster...please post some pics of that new truck!