Hey guys!
So I’m looking to get a new truck. I’m a plumber and I need a truck for my day to day work and life. I currently have a 2001 Silverado that’s falling apart, and it’s definitely time to get a new (to me) truck.
Right now I’m looking at a 2012 Toyota Tacoma. Roughly 75k Miles. Great condition, and they are asking 17,500 for it. One thing that surprised me is how well used trucks hold their value!
Anyway, I’m full time and can afford the payments on it and be in a healthy financial place (which is important to me). The payment is probably going to be in the 300-325 range. My parents and others have been telling me to lease a new truck, at roughly the same price, and then buy it later.
Their argument boils down to that I’ll be in a better financial place is 3-5 years (raises, get my journeymen license, etc) and that I’ll know what the truck has been through. So leasing and then buying may work for me.
Am I wrong to think buying is better for me? I make roughly 1200-1300 a month right now, which isn’t much. But I still believe buying is better for me, and trucks unfortunately aren’t the cheapest vehicle you can get!
Thoughts?
Submitted May 27, 2018 at 07:48AM by Willyis40 https://ift.tt/2xhaMM3
