Diesel Pros & Cons: 6spd vs. Auto

Discussion in 'Dodge 3rd Gen Cummins 5.9 (24v)' started by MTMike, Feb 25, 2005.

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  1. Shaggy

    Shaggy TRC Staff Moderator

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    My payment is going to be lower than both of yours, since I'm paying for the whole thing in cash.:D So there.rotfl
     
    Shaggy, Mar 8, 2005
    #41
  2. willyswanter

    willyswanter Well-Known Member

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    And thats why I bought a used one, I'm a broke sob and didn't want to be paying for a truck for 8 years... (can't believe they have 8 year car loans now).
     
    willyswanter, Mar 8, 2005
    #42
  3. Super Trucker

    Super Trucker Well-Known Member

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    I hear ya Russ, but on the wife's car we got the 0% interest loan for 48 months and let them carry the whole thing. Money for nothing works too. waytogo The thing I don't understand on this loan is there's a prepayment penalty if we pay it off early. Other wise we'd pay it off early too. When we bought my C3500 we got a "simple" interest loan, like a home loan, and made double payments paying to note off in 1.5 years. With a "rule of 7/8s (sic)" loan you still pay all the interest even making extra payments.
     
    Super Trucker, Mar 8, 2005
    #43
  4. RJF's Red Cummins

    RJF's Red Cummins TRC Staff Moderator

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    Hey buddy, you started it. ;) You figured your payment would be lower because you assumed you had a larger portion of your pickup paid for with cash than I did. :)

    Russ,
    I completely agree. It's amazing how many people find credit as "free" money. I have seen friends that I graduated high school with go nuts with credit cards and are still paying them off today. EVen with ATV and snowmobile commercials these days....they don't tell you what the MSRP is on the vehicle....they tell you what you would be paying per month. :rolleyes:

    I can't say I had the cash to back up my pickup and pretty much sucked the life out of my savings when I did buy the pickup, but it got my payment down low enough that I knew I wouldn't have any trouble making it every month and not get myself into financial trouble and ruin my credit.
     
    RJF's Red Cummins, Mar 8, 2005
    #44
  5. BadDog

    BadDog TRC Staff Staff Member

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    I just realized my post wasn't clear. I paid off my '02 in 1.5 years, it was bought late Summer of '02 and paid off November of 2004.

    I know what you mean. A guy my wife works with just found out he had overdrawn his checking account by $700, and has 3 or 4 credit cards maxed out, with no money to pay rent or other payments. A friend of mine from high school thought that if they gave you credit, you could pay for it. If not, they wouldn't give you the credit, right? So he borrowed and borrowed, and went belly up. It's sad how gullible sheeple can be, always more than happy to buy into the "get today, pay for it tomorrow" mentality the Yuppy generation has epitomized.

    I don't go for that. Other than a few minor exceptions like my vehicles and house, I will accept NO debt. If I can't pay for it, I don't do it. That's why my truggy progress is slow, that's why I don't yet have that ATS trans upgrade I've been wanting for the last year. Braces for my daughter, savings and all that stuff comes first, then I see what can be spared for toys…

    Sheesh, we are going a bit OT aren't we...

    So, to get back on topic, whether 6 spd or auto, don't buy it unless you can afford it. Save your pennies and then get what you want for the way you want to use it. :D
     
    BadDog, Mar 8, 2005
    #45
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