I would not do it....id love a new truck as well.....I can indeed afford one, my 2017 is paid off and I'm gonna drive it till this silliness of truck prices is over or bite the bullet when I have no other choice and go get a brand new one and drive it till the wheels fall off of it....the mileage on your truck is low, you can wait another year and re evaluate things later if still wanting a new one....at the end of the day it's your money....do what makes u happy chief
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Would you do it!!
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We’re on the edge of a cliff looking out over a global recession. It’s being propped up until after midterms then D’s can blame a R majority congress for a collapsed economy leading up to ‘24. If you have a paid for, reliable vehicle, I would absolutely not take on $71k of consumer debt. Even if paying cash, it’s still a depreciating asset. If it is cash, I’d hold that cash & when the housing market drops, start buying stressed real estate with hard money. Once the cycle catches up in a few years you can cash out refi at lower rates & keep going or sell outright. Get a new truck now or be a millionaire in 3-4 years.
If you’re already a millionaire, buy the truck.
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I wouldn't. You have a reliable vehicle that is paid for. Prices right now are stupid. I know a lot of people trade in perfectly fine vehicles, but they also unload problem vehicles.
I won't spend that kind of money to take a gamble on those miles someone else put on it.
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