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Old 02-19-2009, 05:15 PM
delphied delphied is offline
LawnSite Silver Member
 
Join Date: Mar 2007
Location: Flint Michigan
Posts: 2,064
Quote:
Originally Posted by topsites View Post
The question folks like that should be asking themselves, is how do we consider a loan something anybody can afford?
Do folks just look at the monthly payment and figure that's not so bad?

How do they justify 50 thousand dollars for a vehicle they won't drive for 10 years?
Even if they did drive it for 10 years we're talking 5 thousand a YEAR!
And they won't have it 10 years because folks like that, 3-4 years and they get another.

Then they need FULL coverage insurance for a vehicle that's in hock, yes, the bank requires it.

We haven't touched on maintenance.
You dont have to buy a 50000 dollar truck. Mine cost 21000 and its plenty good enough for me.
 
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