![]() ![]() He could lower the payment by going longer on the life of the loan, but a shorter contract would raise the payment.Īs Rusty was digesting this information, Brad said for a little more, he could probably upgrade a model year or two. Of course, this depends on Rusty’s credit score and the term he chooses. The salesman says that Rusty can drive away for just over four hundred a month. It was here Rusty felt like he fell down Alice’s rabbit hole. Rusty showed him the one he liked and Brad left to crunch some numbers.Īfter time away, he returns with some figures. It was a desire but not a need.Ī salesman introduced himself and asked some questions, Brad seemed nice enough. Still, he wasn’t comfortable getting rid of the old one. While shopping, Rusty found a five year old Chevrolet that seemed like a possibility. You can live in the house, but not the truck. Except the house will increase in value with time, whereas the truck will steadily drop. Secondly, a new pickup truck will cost as much as a comfortable starter home. The prohibitive cost of new trucks makes the used models attractive and in demand. First, anything popular makes sellers inflexible and reluctant to deal. Rusty learned a few things in a short time. ![]() Out of curiosity, Rusty decides to shop the market and check prices at new and used dealerships. He worries the individualism has bled over into the “weirdo” zone, which he doesn’t want. But over time, he begins to wonder if he looks strange by keeping his old truck. Rusty’s proud of his individualistic ways. “Get a truck with a navigation system, satellite radio, and a back up camera.” But it’s like a reliable old friend and he just plain likes it.Īll of his co-workers rib him about his ugly truck. The paint is wearing a little thin, and the style is outdated. He’s single with lots of cool friends and drives an old pickup truck. The following is an excerpt from my book ‘The Money House’, which will be published in the Autumn of 2019. ![]()
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