Looking to get back in a truck this summer and had decided to go with a ford or Chevy for better mpg but I like the Titan so much better I just said screw it. Looking at two options and just wanted some input. I will be buying used but I'm looking at two options. Buy a truck with higher mileage (85-110k) and make payments for about 3 years or get a lower mileage truck (35-60k) and make payments for 4.5-5 years. This is with the payment being the same amount for both options.
what would you do
how45hard
1 - 19 of 19 Posts
Looking to get back in a truck this summer and had decided to go with a ford or Chevy for better mpg but I like the Titan so much better I just said screw it. Looking at two options and just wanted some input. I will be buying used but I'm looking at two options. Buy a truck with higher mileage (85-110k) and make payments for about 3 years or get a lower mileage truck (35-60k) and make payments for 4.5-5 years. This is with the payment being the same amount for both options.
Joined
·
2,785 Posts
Well, it depends how many miles you drive a year. If it's a relatively low amount, I'd probably go with the one that's a little higher miles, since at the end you still won't be killed in miles. If you drive a lot - let's say more than 20k miles per year - then you need to go as low as you can on the miles.
Personally, I would choose neither option and save and buy a vehicle for cash, even if it wasn't a Titan. That said, if you have to make payments either way, how much are the payments? You might just be a candidate for a new vehicle if you're going to be making payments for 5 years anyway. In my mind, there's no real sense on spending 5 years paying off a vehicle that's already several years old, if the payment amounts are nearly the same. Unless of course you drive ridiculous amounts of miles.
Car payments are evil things, man.
If you have no real alternative, and the payment amount is the same, get the newest, lowest miles you can afford. That might just be something that's brand new. There is almost nothing worse than making payments on a vehicle that's broken down or killed in miles. At least if you're making payments on a new truck, and you don't kill it in miles, you have something at the end other than a wore-out vehicle.
Personally, I would choose neither option and save and buy a vehicle for cash, even if it wasn't a Titan. That said, if you have to make payments either way, how much are the payments? You might just be a candidate for a new vehicle if you're going to be making payments for 5 years anyway. In my mind, there's no real sense on spending 5 years paying off a vehicle that's already several years old, if the payment amounts are nearly the same. Unless of course you drive ridiculous amounts of miles.
Car payments are evil things, man.
If you have no real alternative, and the payment amount is the same, get the newest, lowest miles you can afford. That might just be something that's brand new. There is almost nothing worse than making payments on a vehicle that's broken down or killed in miles. At least if you're making payments on a new truck, and you don't kill it in miles, you have something at the end other than a wore-out vehicle.Were talkin $225-250/mo. But I wasn't very thorough in my post. Even if the terms are $250/mo for 60 months I would over pay each year as my salary goes up, a five year note would be paid off in 3.5 years roughly. I was leaning towards a newer truck but just wanted some input. I haven't been on here in awhile and haven't had a titan since 2011. I was excited to see that several members had put in the time and money to find more performance options for the trucks, makes me want one even more.
Yeah new was never an option, I mean I can afford it but I don't want to pay that much. Goal is to have no debt other than my student loans within the next five years so having the truck paid for in 3-4 is ideal. High teens will be the budget so I am expecting a 35-55k mile truck.
Is it just me or is there a seriously limited market for used Titans. My lord, within a 500 mile radius I found less than a dozen 4x4 titans with low mileage. Only a couple being CC...anywhere else to look other than Autotrader and CL?
Joined
·
41 Posts
Depending on the price difference of the two trucks, you mind get nailed with a high intereset rate if you buy the cheaper truck because you aren't financing as much. You might get a much better interest rate on your loan if you borrow more money to get the lower mileage truck. After 5 years of payments, the lower interest rate could save you alot of money. I actually had to reduce my downpayment and borrow more money to get a super low interest rate. Then, after the first two months, I just paid the remaining down payment that I had saved up (no penalties for over-paying on your truck payments, it just applies to your principle). If you can swing this, then you might be able to get the lower mileage truck and do pretty good. You can try an online lending service like lending tree for free, then plug in your best loan offers to a free online auto loan calculator like bankrate and you can figure how much the interest adds up to after 5 years. Just don't go to a car lot somewhere and get screwed with a high interest rate offer for a loan.
Joined
·
258 Posts
Too bad you are way the h*ll out in Oklahoma- This ain't a bad deal here- with some negotiating room I'm sure.
You could always buy a 300.00 plane ticket and break her in on the ride home!
2008 Nissan Titan SE
You could always buy a 300.00 plane ticket and break her in on the ride home!
2008 Nissan Titan SE
I'm not worried about rates. A bank here has 1.9% with you do direct withdraw from a checking account with them and the Credit Union I use has 2.75% and the term is based off purchase price instead of year or the amount financed. So you can purchase a $30k truck and get 2.75%/84 months even if you put $20k down and only finance $10k.
Yeah my best bet is Texas for sure, but I have no problem traveling for a truck. It sucks how little Nissan trys to sell these. There are 3 Nissan dealers in Tulsa and they all keep about 4 Titans on the lot. Sure makes it easy to drive right by and pull into the Ford dealership next door with 100 trucks lol.
Joined
·
545 Posts
You may want to check eBay. I know that seems odd but they do have buyer protection and you may find one close enough to look at. I couldn't find any used ones here for a reasonable price compared to what they were selling new for. Also the people selling on here.
Sent from AutoGuide.com Free App
Sent from AutoGuide.com Free App
Joined
·
555 Posts
craigslist has some too. if 4x4 is not a must I saw this one yesterday as i passed through town.
Used 2012 Nissan Titan For Sale | Granbury TX
good luck with finding your new ride. and if it happens before the first weekend in April, consider coming on down to the Texas Meet. We have some great sponsors this year and it is a ton of fun.
Used 2012 Nissan Titan For Sale | Granbury TX
good luck with finding your new ride. and if it happens before the first weekend in April, consider coming on down to the Texas Meet. We have some great sponsors this year and it is a ton of fun.
Joined
·
235 Posts
Honestly if you don't drive a lot and own a set of wrenches go higher miles.
That's what I did, these trucks are solid so anything that needs fixing hopefully knock on wood isn't major and you could do your self.
But I have a company truck I take home and take to work so I might be biased
Sent from AutoGuide.com Free App
That's what I did, these trucks are solid so anything that needs fixing hopefully knock on wood isn't major and you could do your self.
But I have a company truck I take home and take to work so I might be biased
Sent from AutoGuide.com Free App
Joined
·
555 Posts
1 - 19 of 19 Posts
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
