Quote:
Originally Posted by Sliver
Super long financing terms.
I just priced out a mid-tier (and you know these guys go top tier, so this is the low end) Ram 2500 Power Wagon and payments were $1,394/month for eight ####ing years.
Net price on the truck I priced out was $102k, so like I say, that's not even tarted up all that much.
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The frugallist in me cannot justify that. Assume you wanna retire in say 25 years (that’s assuming these bro dudes are mid 30’s and wanna retire around 60’ish, and instead of payments they actually have $100k cash If investments have historically doubled every ~7-8 years… that means the money doubles every 8 years or three times. . That’s 100k to 200k to 400k to **800k** final opportunity cost.
Better not buy at all or get one used. Or lower your wants and standards a whole lot.