Paying for your own truck... how much a month?
and paying off in advance.
haha jk
Senior Member
Joined: Dec 2001
Posts: 752
Likes: 0
From: North of Dallas, South of Frisco
Originally Posted by Podunk
Say that in 37 months
I've leased, and broken the lease on the following cars...
Maxima SE (Traded after 25 months), Pathfinder LE (Traded after 33 months), Altima SE (Traded after 16 months), F-150 SuperCab (Traded after 18 months), F-150 SuperCrew (Refinanced as a purchase, then traded), and now these...
Unless I hit the lottery, I'll probably never pay a vehicle off, I've only had one we kept for more than 3 years (2001 SuperCrew)... Leasing is not good for everyone, but for most- it works quite well...
Timing is everything... I know nothing of the nightmares people speak of with leased vehicles...
The Max and Pathfinder were lease payoffs, and the vehicles were inspected by Nissan; the Max passed with flying colors; but, the Pathfinder had a dent in the front bumper where some SOB hit us at the theater. It was about the size of a screwdriver handle- we never got it fixed... My dog tore up on of the door sills as she "attacked" a child that got too close to the truck; tore big holes in the leather... We got that fixed... The dent costed us $150.00 at the final inspection; less than the repair would have costed.
Last edited by Bighersh; Mar 12, 2006 at 03:08 AM.
Senior Member
Joined: Oct 2005
Posts: 320
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From: Md
Originally Posted by lrhogfan
That thought makes me wonder... who has the highest truck payment and about how much is it. My first F-150 was about $580 or so. I then traded it in on my 2005 and financed for 3 years because of the no interest financing deal. Needless to say, my payment is pretty steep. Anyone willing to admit what they are paying for these expensive F-150's?
I know you guys with the King Ranches and Lincoln LT's are shelling out the big bucks...
I know you guys with the King Ranches and Lincoln LT's are shelling out the big bucks...
And if it makes you happy, GO FOR IT!! Whatever it is!!
Senior Member
Joined: Sep 2003
Posts: 168
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From: NE
$355 for 60 months, $1000 down + $9,000 for my trade. I think the interest rate is 6%? Traded an 98' XLT w/98k miles for a loaded FX4. 
I always make overpayments. I hate the way Ford credit does their statements. If you overpay the next month they send you a bill for your regular payment minus whatever you overpaid. I cant even remember the exact amount of my truck payment because every month Ford credit sends me a bill for something around $150 bucks. I guess that would be nice to take advantage of if you had a hard month, but they want you to send in such a low amount so you loose all the principal that you've built up by making overpayments...
I always make overpayments. I hate the way Ford credit does their statements. If you overpay the next month they send you a bill for your regular payment minus whatever you overpaid. I cant even remember the exact amount of my truck payment because every month Ford credit sends me a bill for something around $150 bucks. I guess that would be nice to take advantage of if you had a hard month, but they want you to send in such a low amount so you loose all the principal that you've built up by making overpayments...
Senior Member
Joined: Jun 2004
Posts: 2,823
Likes: 15
From: Houston, TX
No payments here -- paid cash for my F-150! 
However, the wife and I together make a $615.00 "car payment" every month, even though we don't have a car payment to speak of. That total represents the payment amounts we had on the two vehicles we bought new in 1997 -- $352.00 a month for a Pontiac Sunfire GT for her, and $263.00 a month for a Ford Ranger XLT for me. When these vehicles were paid off, we just kept driving them and making the payments we had become accustomed to in our budget so we could create a "car fund" to buy our next vehicle outright.
Using this method we paid cash for her 2005 Ford Escape, and are now pooling money that will be used to replace my "daily driver" Ranger when the time comes due. (I'm thinking about getting another Ranger -- maybe a 4x4 with the V6 in it next time!)
As for my F-150, that was paid for using the mileage money my company gives me for my business travel. Pooling it over the years allowed me to pay cash for my F-150 "toy", and it is now being saved to allow me to do the same on a new Mustang GT!
In my opinion, living frugally for a few years automobile-wise (no car payments outgoing, but pooling the money into a car fund) can really put you ahead of the curve with your vehicle purchases, and this small, short term sacrafice upfront will make your life easier for many years to come if you're disciplined with it!
However, the wife and I together make a $615.00 "car payment" every month, even though we don't have a car payment to speak of. That total represents the payment amounts we had on the two vehicles we bought new in 1997 -- $352.00 a month for a Pontiac Sunfire GT for her, and $263.00 a month for a Ford Ranger XLT for me. When these vehicles were paid off, we just kept driving them and making the payments we had become accustomed to in our budget so we could create a "car fund" to buy our next vehicle outright.
Using this method we paid cash for her 2005 Ford Escape, and are now pooling money that will be used to replace my "daily driver" Ranger when the time comes due. (I'm thinking about getting another Ranger -- maybe a 4x4 with the V6 in it next time!)
As for my F-150, that was paid for using the mileage money my company gives me for my business travel. Pooling it over the years allowed me to pay cash for my F-150 "toy", and it is now being saved to allow me to do the same on a new Mustang GT!
In my opinion, living frugally for a few years automobile-wise (no car payments outgoing, but pooling the money into a car fund) can really put you ahead of the curve with your vehicle purchases, and this small, short term sacrafice upfront will make your life easier for many years to come if you're disciplined with it!