|
Should I buy it
I currently drive a 16 Chevy Silverado 1500 LT 2wd double cab. The msrp on this pos was 41 I got it for 36k 72 month 6% 0 down I pay 640 a month no problem. Owned since 10/16 l want a raptor bc I have testicles and do you need a reason to want one?! So msrp 72k ruby red 802a for 67600 at local dealer. I have not been to do the numbers but online calculator tells me payment about 1200 a month. I would pay tax and dealer fee up front and finance the rest at 72 months. I can easily make the $1200 payment but I’d like to be more towards $1000. If I can get 1000/72 that’s msrp for the truck |
Shop around. You can pay less than $67k for a raptor. Saw a few at Brandon Ford for $58k.
If you want it and can swing it comfortably....do it |
Is the Raptor new or used? 2018 or 2019? What are they offering on your trade? 6% seems high to me. Your numbers don't jive. $67,600 at 6% for 72 months is $1120/mo. $1200/mo x 72 months = $86,400. Guessing that you are either young or have credit issues. My advice, wait until you can afford a large down payment. Financing a vehicle loan beyond 48 months is a bad idea. You will be forever upside down. Affording the monthly payment is not the same as affording the vehicle.
|
You try and trade that Chevy in and they will roll it into your new truck payment. Wife’s old journey had a year left ($4000) owing. We traded it in since there were issues with the battery/alt/charging system. They offered $7-8k for trade in and would have been closer to $12k but we were still upside down. Its not not worth it when your truck is 3 years into a 6 year term. Your $1200 payment will be higher than you think. |
Betting you will be pretty upside down on your chevy... 2wd and double cab, not much resale value there.
|
|
Yea never roll your upside down debt into another depreciating asset.
|
Originally Posted by bobn
(Post 6099980)
|
| All times are GMT -4. The time now is 08:24 AM. |
© 2024 MH Sub I, LLC dba Internet Brands