Let us enable other

[hamster]

Oct 31, 2015 15:41:25 GMT -5 @rennido said:

hamster Have you owned a Dodge before? I'm looking at Fords and Chevys, only because the history that we have at our shop with Dodges. Have you tried the new Fords? Ugh, so freaking nice. I think they ride better than Chevy's and Dodges...

No, but a comparable ford is about 10k more, and a Chevy even more than that. All of H's coworkers have been buying them and are happy so far. Plus Cummins makes a good engine, which ford has been struggling with for years.

[hamster]

@rennido it looks like dodge is offering 4.9%, but our bank is at 1.99

Eta: sorry, there is a 0%, 36 month

[hamster]

Oct 31, 2015 16:14:16 GMT -5 @sfgal530 said:

Oct 31, 2015 15:19:25 GMT -5 hamster said:

H wants a truck. Price would be around 41k, brand new. He can sell his truck for 12k+ and trade in the jeep for probably 3k. This would essentially bring the price to 26k. We could finance, but we just bought me a brand new subaru and I loathe the idea of 2 car payments and money is tight as is.

What I really want to do is buy it, and use the inheritance money to pay it off in a few months. We don't know how much we are getting but it would be 50-75k probably. The catch is we have to pay income tax.

A driving factor is that his truck is not conducive at all to a childseat. The new one is. Obviously I'd hop off the fence before buying the truck, but I'm about 70/30 pro these days.

What does MM say?

My only thought is that I might wait until you're actually pregnant to make a financial change like this, just because you never know what will happen. It doesn't sound like you need a new truck now, so waiting until you need it would ensure that you can get the full use out of it once you buy it. I hope if you choose to pursue a family that it happens quickly, but since you haven't tried and don't know what will happen, you might wait until you really have a need and then reassess. Do you expect your H's current truck to lose significant value in the short term? Is he going to drive it a crazy amount? I would maybe change my mind if it was going to be devalued significantly in the short term, but otherwise I think I'd just wait to see how things play out before buying a new car. My $.02.

His truck is getting up there in miles, but hasn't decreased a bit since he bought it 5+ years he's owned it. It does run the risk of needing some not so cheap repairs before too long. This conversation is basically accelerating our plan by 4 years, and using inheritance vs. financing.

And while H would go tomorrow and buy one, we'd likely hold off as you suggested.